Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0088%/8h= +9.7% APRpaid last 24h −0.020%

Price spread now: KuCoin against Deribit0.000%7-day average −0.041% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.104%−$10 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now 0.000%, 7d avg −0.041%

Together, before fees−0.080%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.041% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.041%. Mind the row above: over the last 5 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPCX_USDC-PERPETUAL	152.91	0.0012	pay 0.0001% / 1h	48m 43s	$72K	$1.2M	10x
Short	KuCoin SPCXUSDTM	152.91	0.0100	get 0.0100% / 8h	5h 48m	$13.0M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $18.55
Price spread: 0.000% → −0.041%: $4.11
Slippage, 4 orders: −$27.32
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$23.65
Costs to cover: 0.463%
Break-even: 15.9 days

Slippage from Deribit: live order book, just now; KuCoin: 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 Deribit live order book, just now	4.91 bp	9.6 bp −$10	12.4 bp −$124	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.65 bp	17.0 bp −$17	41.3 bp −$413	doesn't fit	doesn't fit

SPCX on 38 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 −0.0333% / S +0.0531%	1h	152.96	+0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.95	+0.026%	$96.0M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.828%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	0.000%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.23	+0.209%	$8K	$941K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.00	+0.059%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUALlong	+0.0012%	1h	152.91	long leg	$72K	$1.2M	10x
Aftermath Perps SPCXUSD	+0.0025%	1h	152.93	+0.016%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.90	−0.007%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.92	+0.007%	$105K	$297K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPCXUSDT	+0.0043%	8h	153.01	+0.065%	$31.7M	$66.1M	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	+0.052%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.99	+0.052%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.96	+0.033%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.96	+0.033%	$1.7M	$92K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.97	+0.039%	$534K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.87	−0.026%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0062%	8h	152.97	+0.039%	$30.8M	$42.8M	100x	as long as short
Lighter SPCX	+0.0064%	1h	152.93	+0.013%	$1.6M	$7.2M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	152.98	+0.046%	$101	—	5x	as long as short
edgeX SPCXUSDC	+0.0086%	4h	152.97	+0.038%	$1.7M	$892K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.87	−0.026%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.91	0.000%	$13.0M	$5.4M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	153.03	+0.078%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	+0.065%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	+0.050%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0178%	1h	152.99	+0.052%	$11K	$189K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0190%	8h	152.98	+0.046%	$39.4M	$167.9M	75x	as long as short
Variational Omni SPCX	+0.0193%	8h	152.98	+0.043%	$6.0M	$3.1M	—	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.03	+0.082%	$408K	$549K	20x	as long as short
Binance SPCXUSDT	+0.0203%	8h	152.97	+0.038%	$252.6M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.93	+0.011%	$736K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0225%	1h	152.95	+0.026%	$142.0M	$119.3M	20x	as long as short
Nado SPCX-PERP	+0.0233%	1h	152.92	+0.005%	$622K	$832K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	+0.065%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.99	+0.052%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.07	+0.103%	$19.0M	$15.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.242%	$9K	$27K	5.5x	as long as short