Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0610%/8h= −66.8% APRpaid last 24h −0.034%

Price spread now: KuCoin against edgeX−0.029%53s7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as 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−$380.384% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.706%−$71 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.029%, 7d avg −0.023%

Together, before fees−0.717%+ Points / potential airdropedgeX: Active · farm board−$72 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate. The two prices were read 53 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	152.65	0.0710	pay 0.0355% / 4h	1h 44m	$1.7M	$891K	20x
Short	KuCoin SPCXUSDTM	152.61	0.0100	get 0.0100% / 8h	5h 44m	$13.0M	$6.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$128.05
Price spread: −0.029% → −0.023%: −$0.64
Slippage, 4 orders: −$17.39
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$167.09
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; KuCoin: live order book, 2 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	7.2 bp −$72	22.4 bp −$2,237	doesn't fit
Sell KuCoin live order book, 2 min ago	0.98 bp	12.9 bp −$13	30.9 bp −$309	doesn't fit	doesn't fit

SPCX on 38 exchanges

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	152.56	−0.058%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0058%	8h	152.66	+0.004%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.64	−0.009%	$30.1M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.62	−0.022%	$96.2M	$32.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.68	+0.017%	$31.0M	$67.0M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.72	+0.043%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.89	+0.154%	$8K	$817K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.56	−0.062%	$44K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.73	+0.050%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.61	−0.027%	$7K	$7K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0030%	1h	152.62	−0.022%	$1.2M	$5.4M	10x	as long as short
Variational Omni SPCX	+0.0030%	8h	152.62	−0.025%	$5.9M	$2.7M	—	as long as short
Lighter SPCX	+0.0032%	1h	152.57	−0.055%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.54	−0.075%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.082%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.57	−0.055%	$103K	$294K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.61	−0.029%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.56	−0.062%	$128.3M	$129.7M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.61	−0.029%	$1.7M	$101K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.58	−0.049%	$533K	$369K	50x	as long as short
Paradex SPCX-USD-PERP	+0.0050%	8h	152.64	−0.012%	$101	—	5x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.51	−0.094%	$3.0M	$2.1M	10x	as long as short
RISEx SPCX/USDC	+0.0051%	1h	152.70	+0.030%	$351K	$510K	20x	as long as short
Binance SPCXUSDT	+0.0059%	8h	152.66	+0.004%	$251.7M	$1.38B	75x	as long as short
Bullet SPCX-USD	+0.0060%	1h	152.66	+0.003%	$12K	$191K	10x	as long as short
Extended SPCX-USD	+0.0064%	1h	152.61	−0.029%	$728K	$5.3M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0085%	8h	152.69	+0.023%	$39.4M	$168.5M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0097%	1h	152.66	+0.004%	$486K	$1.1M	10x	as long as short
Nado SPCX-PERP	+0.0099%	1h	152.58	−0.052%	$633K	$806K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.54	−0.075%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.61	−0.029%	$13.0M	$6.2M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.71	+0.037%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.67	+0.010%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.61	−0.026%	$89	—	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0136%	1h	152.70	+0.030%	$735K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.68	+0.017%	$448K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0400%	8h	152.83	+0.112%	$19.0M	$30.6M	20x	as long as short
edgeX SPCXUSDClong	+0.0710%	4h	152.65	long leg	$1.7M	$891K	20x