Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0993%/8h= −108.8% APRpaid last 24h +0.005%

Price spread now: BloFin against edgeX+0.014%101s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.256% of the position

Long on edgeX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.904%−$90 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.014%, 7d avg +0.011%

Together, before fees−0.924%+ Points / potential airdropedgeX: Active · farm board−$92 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$30 a day on $10k at the current rate. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	152.55	0.0976	pay 0.0488% / 4h	1h 41m	$1.7M	$893K	20x
Short	BloFin SPCX-USDT	152.57	−0.0017	pay 0.0017% / 8h	1h 41m	$1.9M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against edgeX. 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 edgeXbpFee BloFinbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$208.63
Price spread: +0.014% → +0.011%: $0.34
Slippage, 4 orders: −$4.59
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$233.88
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; BloFin: live order book, 1 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 edgeX live order book, 2 min ago	1.64 bp	6.1 bp −$6	7.3 bp −$73	20.3 bp −$2,032	doesn't fit
Sell BloFin live order book, 1 min ago	0.66 bp	6.7 bp −$7	6.7 bp −$67	7.6 bp −$759	12.4 bp −$6,178

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	152.41	−0.094%	$90K	—	20x	as long as short
BloFin SPCX-USDTshort	−0.0017%	8h	152.57	+0.014%	$1.9M	$1.2M	75x
Bybit SPCXUSDT	0.0000%	8h	152.49	−0.038%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.45	−0.064%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.50	−0.031%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.092%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.55	+0.001%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.81	+0.172%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.54	−0.005%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.45	−0.066%	$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 RH SPCX	+0.0032%	1h	152.41	−0.090%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.44	−0.071%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.45	−0.064%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.42	−0.084%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.46	−0.058%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.47	−0.051%	$531K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.39	−0.104%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.51	−0.024%	$408K	$498K	20x	as long as short
Polymarket Perps SPCX-USD	+0.0074%	1h	152.45	−0.064%	$487K	$1.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0077%	8h	152.47	−0.052%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0080%	1h	152.39	−0.104%	$130.0M	$129.1M	20x	as long as short
Variational Omni SPCX	+0.0084%	8h	152.58	+0.020%	$6.0M	$2.8M	—	as long as short
Lighter SPCX	+0.0088%	1h	152.42	−0.084%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.39	−0.104%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.38	−0.110%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.064%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.48	−0.045%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0102%	8h	152.46	−0.057%	$250.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.42	−0.084%	$733K	$4.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.49	−0.040%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0115%	8h	152.49	−0.038%	$39.6M	$166.7M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.047%	$726K	$932K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.48	−0.045%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0226%	1h	152.40	−0.095%	$627K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0256%	1h	152.48	−0.047%	$11K	$192K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0341%	1h	152.45	−0.064%	$89K	$1.3M	10x	as long as short
Aster SPCXUSD1	+0.0365%	8h	152.60	+0.033%	$18.9M	$26.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.224%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDClong	+0.0976%	4h	152.55	long leg	$1.7M	$893K	20x