Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h +0.027%

Price spread now: QFEX against BloFin−0.013%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.125%+$13 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.013%, 7d avg −0.024%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	152.53	−0.0006	get 0.0006% / 8h	2h 24m	$1.9M	$1.2M	75x
Short	QFEX SPCX-USD	152.51	0.0043	get 0.0005% / 1h	24m 20s	$1.2M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee QFEXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $10.34
Price spread: −0.013% → −0.024%: $1.1
Slippage, 4 orders: −$5.25
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$15.81
Costs to cover: 0.272%
Break-even: 17.7 days

Slippage from BloFin: live order book, 3 min ago; QFEX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 3 min ago	0.98 bp	7.0 bp −$7	10.5 bp −$105	12.6 bp −$1,265	19.3 bp −$9,643
Sell QFEX live order book, 4 min ago	1.64 bp	6.6 bp −$7	9.0 bp −$90	doesn't fit	doesn't fit

SPCX on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX SPCX/USD [ETH-USDC]	L −0.0187% / S +0.0435%	1h	152.44	−0.062%	$90K	—	20x	as long as short
BloFin SPCX-USDTlong	−0.0006%	8h	152.53	long leg	$1.9M	$1.2M	75x
Bybit SPCXUSDT	0.0000%	8h	152.57	+0.026%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.53	0.000%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.58	+0.033%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.110%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.55	+0.013%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.66	+0.085%	$8K	$909K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.57	+0.026%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.40	−0.084%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.49	−0.026%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.46	−0.046%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.42	−0.072%	$105K	$297K	5x	as long as short
QFEX SPCX-USDshort	+0.0043%	1h	152.51	−0.013%	$1.2M	$5.5M	10x
Vest SPCX-USD-PERP	+0.0046%	1h	152.54	+0.007%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.44	−0.059%	$130.9M	$128.5M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.48	−0.033%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.53	0.000%	$1.7M	$98K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.55	+0.013%	$531K	$387K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.36	−0.111%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0059%	8h	152.56	+0.022%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.50	−0.020%	$87K	$1.3M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.44	−0.059%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.47	−0.039%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.49	−0.026%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.53	0.000%	$14K	$7K	10x	as long as short
edgeX SPCXUSDC	+0.0100%	4h	152.46	−0.048%	$1.7M	$891K	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.52	−0.005%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0105%	8h	152.48	−0.033%	$6.0M	$2.8M	—	as long as short
Extended SPCX-USD	+0.0112%	1h	152.51	−0.015%	$731K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0113%	8h	152.55	+0.013%	$250.7M	$1.36B	75x	as long as short
Nado SPCX-PERP	+0.0114%	1h	152.46	−0.045%	$613K	$803K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0119%	8h	152.57	+0.026%	$39.4M	$166.3M	75x	as long as short
Bullet SPCX-USD	+0.0146%	1h	152.55	+0.016%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.58	+0.034%	$408K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.059%	$739K	$923K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.50	−0.020%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0371%	8h	152.60	+0.043%	$18.9M	$24.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	+0.111%	$9K	$28K	5.5x	as long as short