Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0480%/8h= −52.6% APRpaid last 24h −0.030%

Price spread now: Bullet against edgeX−0.002%67s7-day average +0.009% · 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—prices read too far apart to compare

costs, in and out, $10k−$230.232% of the position

Long on edgeX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.308%−$31 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now −0.002%, 7d avg +0.009%

Together, before fees−0.308%+ Points / potential airdropedgeX: Active · farm board−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. The two prices were read 67 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	152.62	0.0562	pay 0.0281% / 4h	1h 23m	$1.7M	$891K	20x
Short	Bullet SPCX-USD	152.62	0.0082	get 0.0010% / 1h	23m 40s	$11K	$189K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$100.82
Price spread: −0.002% → +0.009%: −$1.13
Slippage, 4 orders: −$6.19
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$125.14
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from edgeX: live order book, just now; Bullet: live order book, 60 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, just now	1.64 bp	6.1 bp −$6	7.0 bp −$70	21.0 bp −$2,096	doesn't fit
Sell Bullet live order book, 60 min ago	0.33 bp	5.4 bp −$5	20.2 bp −$202	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	152.59	−0.023%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.59	−0.020%	$96.5M	$30.9M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+13.034%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.68	+0.039%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.83	+0.137%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.61	−0.007%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	152.59	−0.019%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.55	−0.046%	$1.7M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.55	−0.046%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.033%	$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
Vest SPCX-USD-PERP	+0.0046%	1h	152.59	−0.020%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.60	−0.013%	$488K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.59	−0.020%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.61	−0.007%	$538K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.48	−0.092%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.61	−0.007%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0068%	8h	152.62	+0.001%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0077%	8h	152.66	+0.026%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USDshort	+0.0082%	1h	152.62	−0.002%	$11K	$189K	10x
Pacifica SPCX	+0.0100%	1h	152.52	−0.066%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−0.066%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.54	−0.053%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.65	+0.019%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.64	+0.016%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0136%	8h	152.64	+0.013%	$30.8M	$42.3M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0138%	1h	152.58	−0.027%	$129.9M	$107.4M	20x	as long as short
Variational Omni SPCX	+0.0177%	8h	152.63	+0.004%	$6.0M	$3.9M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0181%	8h	152.61	−0.007%	$38.9M	$168.4M	75x	as long as short
Binance SPCXUSDT	+0.0197%	8h	152.62	−0.002%	$255.5M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.59	−0.022%	$715K	$3.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.57	−0.033%	$71K	$1.1M	10x	as long as short
Nado SPCX-PERP	+0.0225%	1h	152.51	−0.070%	$624K	$872K	20x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.55	−0.046%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0246%	8h	152.69	+0.048%	$19.0M	$21.8M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	+0.059%	$741K	$947K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.65	+0.019%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0315%	8h	152.65	+0.019%	$31.0M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.66	+0.029%	$402K	$541K	20x	as long as short
edgeX SPCXUSDClong	+0.0562%	4h	152.62	long leg	$1.7M	$891K	20x