Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0442%/8h= −48.4% APRpaid last 24h −0.007%

Price spread now: Injective against edgeX+2.727%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.686%−$69 on $10k

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

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

The price spread pays, funding is against you. Injective is 2.727% dearer against edgeX than usual: you sell high and buy low (spread +2.727% now, against zero (this spread has no 7-day history yet)): +$273 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	153.08	0.0475	pay 0.0238% / 4h	3h 49m	$1.7M	$893K	20x
Short	Injective SPCX/USDC PERP	157.25	0.0033	get 0.0004% / 1h	49m 49s	$9K	$27K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.727%Rate

Funding earned: −$92.81
Price spread: +2.727% → 0.000%: $272.65
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $170.82
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 4 min ago; Injective: 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 edgeX live order book, 4 min ago	1.63 bp	6.1 bp −$6	7.0 bp −$70	20.7 bp −$2,072	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 −0.0295% / S +0.0504%	1h	153.03	−0.027%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.07	−0.004%	$96.6M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.702%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	−0.083%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.31	+0.153%	$8K	$964K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.05	−0.017%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.95	−0.081%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.04	−0.024%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.00	−0.050%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERPshort	+0.0033%	1h	157.25	+2.727%	$9K	$27K	5.5x

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	153.08	+0.002%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.04	−0.024%	$1.7M	$81K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.02	−0.037%	$534K	$415K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.102%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.03	−0.030%	$1.2M	$7.6M	10x	as long as short
Bybit SPCXUSDT	+0.0079%	8h	153.11	+0.022%	$30.8M	$42.8M	100x	as long as short
BloFin SPCX-USDT	+0.0090%	8h	153.09	+0.009%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.97	−0.069%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.93	−0.096%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.043%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.09	+0.009%	$15K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0101%	8h	153.08	+0.001%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.04	−0.026%	$89	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0142%	1h	153.04	−0.024%	$490K	$1.1M	10x	as long as short
Nado SPCX-PERP	+0.0167%	1h	152.98	−0.065%	$602K	$867K	20x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.00	−0.050%	$105K	$297K	5x	as long as short
Variational Omni SPCX	+0.0194%	8h	153.06	−0.010%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0201%	8h	153.12	+0.029%	$39.1M	$169.2M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	153.04	−0.024%	$71K	$1.0M	10x	as long as short
Extended SPCX-USD	+0.0208%	1h	153.06	−0.012%	$732K	$3.7M	10x	as long as short
Binance SPCXUSDT	+0.0211%	8h	153.09	+0.010%	$252.9M	$1.38B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0308%	1h	153.05	−0.017%	$143.4M	$119.2M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	153.05	−0.017%	$445K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0324%	8h	153.03	−0.031%	$19.0M	$20.5M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.042%	$734K	$971K	10x	as long as short
Bitget SPCXUSDT	+0.0338%	8h	153.13	+0.035%	$31.3M	$66.6M	75x	as long as short
Bullet SPCX-USD	+0.0343%	1h	153.08	+0.002%	$11K	$187K	10x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.09	+0.011%	$401K	$535K	20x	as long as short
edgeX SPCXUSDClong	+0.0475%	4h	153.08	long leg	$1.7M	$893K	20x