Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0542%/8h= −59.3% APRpaid last 24h −0.007%

Price spread now: QFEX against edgeX−0.053%7-day average −0.012% · 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−$30as in the Price arb table

costs, in and out, $10k−$260.255% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.444%−$44 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.053%, 7d avg −0.012%

Together, before fees−0.402%+ Points / potential airdropedgeX: Active · farm board−$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and QFEX is 0.042% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	153.01	0.0591	pay 0.0295% / 4h	2h 39m	$1.7M	$892K	20x
Short	QFEX SPCX-USD	152.93	0.0049	get 0.0006% / 1h	39m 06s	$1.2M	$6.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$113.81
Price spread: −0.053% → −0.012%: −$4.16
Slippage, 4 orders: −$6.54
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$143.51
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; QFEX: live order book, 5 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, 5 min ago	1.63 bp	6.1 bp −$6	7.4 bp −$74	20.9 bp −$2,092	doesn't fit
Sell QFEX live order book, 5 min ago	1.63 bp	6.6 bp −$7	9.4 bp −$94	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 −0.0345% / S +0.0540%	1h	152.93	−0.057%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.92	−0.060%	$96.2M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.750%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.90	−0.073%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.20	+0.123%	$8K	$949K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.93	−0.053%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.95	−0.042%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.90	−0.073%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.88	−0.086%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.202%	$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
Arcus SPCX-USD	+0.0040%	1h	152.92	−0.060%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.96	−0.034%	—	$1.2M	10x	as long as short
QFEX SPCX-USDshort	+0.0049%	1h	152.93	−0.053%	$1.2M	$6.9M	10x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.90	−0.073%	$500K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.93	−0.053%	$1.7M	$89K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.96	−0.034%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.82	−0.125%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDT	+0.0057%	8h	152.95	−0.040%	$30.9M	$42.9M	100x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.90	−0.073%	$72K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0080%	8h	152.95	−0.043%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.85	−0.106%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.89	−0.079%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.05	+0.025%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.95	−0.040%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.95	−0.040%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0116%	8h	153.03	+0.012%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0124%	1h	152.94	−0.047%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0141%	1h	152.90	−0.073%	$142.3M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0195%	8h	152.95	−0.040%	$39.4M	$168.8M	75x	as long as short
Bitget SPCXUSDT	+0.0196%	8h	152.98	−0.021%	$31.8M	$66.4M	75x	as long as short
Variational Omni SPCX	+0.0211%	8h	152.99	−0.013%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0224%	8h	152.94	−0.045%	$252.7M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.91	−0.064%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0244%	1h	152.88	−0.089%	$620K	$841K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.084%	$728K	$969K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.98	−0.021%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0390%	8h	153.05	+0.026%	$19.0M	$16.6M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	152.98	−0.018%	$408K	$539K	20x	as long as short
edgeX SPCXUSDClong	+0.0591%	4h	153.01	long leg	$1.7M	$892K	20x