Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.5% APRpaid last 24h −0.029%

Price spread now: Paradex against Deribit+0.036%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.036% dearer against Deribit than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPCX_USDC-PERPETUAL	153.03	0.0077	pay 0.0010% / 1h	37m 37s	$73K	$1.2M	10x
Short	Paradex SPCX-USD-PERP	153.08	0.0063	get 0.0063% / 8h	4h 37m	$101	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$2.82
Price spread: +0.036% → 0.000%: $3.59
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$10.23
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 1 min ago; Paradex: no order-book sample. Net counts fees only.

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, 1 min ago	5.23 bp	9.3 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0314% / S +0.0531%	1h	153.04	+0.010%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.07	+0.026%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.06	+0.020%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.11	+0.052%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.740%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.03	0.000%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.27	+0.157%	$8K	$937K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.12	+0.059%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	153.04	+0.005%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.04	+0.007%	$1.6M	$7.3M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.99	−0.026%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.013%	$105K	$297K	5x	as long as short
BloFin SPCX-USDT	+0.0040%	8h	153.10	+0.046%	$1.9M	$1.4M	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.07	+0.026%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.03	0.000%	$1.2M	$6.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.02	−0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	+0.013%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.08	+0.033%	$533K	$395K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.93	−0.065%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERPshort	+0.0063%	8h	153.08	+0.036%	$101	—	5x
tradeXYZ xyz:SPCX	+0.0074%	1h	153.05	+0.013%	$141.5M	$119.0M	20x	as long as short
Deribit SPCX_USDC-PERPETUALlong	+0.0077%	1h	153.03	long leg	$73K	$1.2M	10x
Bullet SPCX-USD	+0.0082%	1h	153.08	+0.031%	$10K	$191K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.98	−0.033%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.98	−0.033%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	+0.059%	$59K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.07	+0.026%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.06	+0.017%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0131%	1h	153.00	−0.022%	$617K	$824K	20x	as long as short
Variational Omni SPCX	+0.0149%	8h	153.08	+0.031%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0154%	8h	153.09	+0.039%	$39.5M	$166.9M	75x	as long as short
Binance SPCXUSDT	+0.0158%	8h	153.08	+0.033%	$252.2M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0160%	1h	153.04	+0.008%	$738K	$3.8M	10x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.12	+0.059%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	+0.007%	$738K	$925K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.10	+0.046%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.16	+0.083%	$19.0M	$19.9M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	+0.209%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0913%	4h	153.08	+0.034%	$1.7M	$891K	20x	as long as short