Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.008%

Price spread now: Extended against Bybit−0.015%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days−0.034%−$3 · spread now −0.015%, 7d avg −0.083%

Together, before fees−0.005%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.068% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPCXUSDT	152.93	0.0140	pay 0.0140% / 8h	43m 25s	$30.7M	$42.7M	100x
Short	Extended SPCX-USD	152.91	0.0200	get 0.0025% / 1h	43m 25s	$734K	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now −0.015%Rate

Funding earned: $12.53
Price spread: −0.015% → −0.083%: $6.81
Slippage, 4 orders: −$4.71
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$1.36
Costs to cover: 0.207%
Break-even: 7.8 days

Slippage from Bybit: live order book, 5 min ago; Extended: live order book, 5 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 Bybit live order book, 5 min ago	0.33 bp	9.2 bp −$9	12.8 bp −$128	52.1 bp −$5,207	doesn't fit
Sell Extended live order book, 5 min ago	0.33 bp	2.8 bp −$3	5.5 bp −$55	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 −0.0272% / S +0.0488%	1h	152.93	−0.003%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.92	−0.007%	$96.6M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.806%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.89	−0.026%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.12	+0.124%	$8K	$971K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.93	0.000%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.96	+0.017%	$8K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.90	−0.020%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.88	−0.033%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.825%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.87	−0.039%	$106K	$296K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.92	−0.007%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.91	−0.013%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.93	0.000%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.90	−0.020%	$538K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.059%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.90	−0.020%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0077%	8h	152.91	−0.013%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0081%	8h	153.07	+0.092%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0085%	1h	152.93	−0.002%	$11K	$188K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.84	−0.059%	$173K	$132K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.83	−0.065%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.97	+0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.96	+0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.94	+0.008%	$89	—	10x	as long as short
Bybit SPCXUSDTlong	+0.0140%	8h	152.93	long leg	$30.7M	$42.7M	100x
Variational Omni SPCX	+0.0183%	8h	152.96	+0.017%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0190%	8h	152.95	+0.013%	$39.0M	$169.4M	75x	as long as short
Binance SPCXUSDT	+0.0198%	8h	152.93	+0.001%	$253.8M	$1.38B	75x	as long as short
Extended SPCX-USDshort	+0.0200%	1h	152.91	−0.015%	$734K	$3.6M	10x
Phoenix SPCX	+0.0261%	1h	152.96	+0.020%	$446K	$269K	15x	as long as short
tradeXYZ xyz:SPCX	+0.0262%	1h	152.92	−0.007%	$143.6M	$118.5M	20x	as long as short
Nado SPCX-PERP	+0.0267%	1h	152.85	−0.052%	$602K	$884K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	152.92	−0.007%	$71K	$1.0M	10x	as long as short
Aster SPCXUSD1	+0.0279%	8h	153.02	+0.059%	$19.0M	$21.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.026%	$733K	$970K	10x	as long as short
Bitget SPCXUSDT	+0.0307%	8h	152.95	+0.013%	$31.3M	$67.2M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.99	+0.039%	$403K	$538K	20x	as long as short
edgeX SPCXUSDC	+0.0795%	4h	152.93	0.000%	$1.7M	$894K	20x	as long as short