Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.008%

Price spread now: Bybit against Extended+0.006%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days+0.192%+$19 · spread now +0.006%, 7d avg +0.082%

Together, before fees+0.164%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.076% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPCX-USD	152.57	0.0104	pay 0.0013% / 1h	46m 47s	$732K	$4.6M	10x
Short	Bybit SPCXUSDT	152.58	0	get 0.0000% / 8h	1h 46m	$30.6M	$42.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$21.84
Price spread: +0.006% → +0.082%: −$7.62
Slippage, 4 orders: −$4.12
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.58
Costs to cover: 0.201%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Bybit: 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 Extended live order book, 2 min ago	0.33 bp	2.8 bp −$3	5.5 bp −$55	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.33 bp	7.4 bp −$7	11.3 bp −$113	42.7 bp −$4,269	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 −0.0187% / S +0.0435%	1h	152.50	−0.044%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0020%	8h	152.60	+0.019%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDTshort	0.0000%	8h	152.58	+0.006%	$30.6M	$42.7M	100x
Gate SPCX_USDT	0.0000%	8h	152.57	−0.001%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.61	+0.025%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.080%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.67	+0.065%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.87	+0.196%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.68	+0.071%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.52	−0.032%	$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	152.52	−0.034%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.57	−0.001%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.53	−0.027%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.55	−0.014%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.56	−0.008%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.56	−0.008%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.49	−0.053%	$531K	$384K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.067%	$3.2M	$2.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0069%	1h	152.48	−0.060%	$130.1M	$129.1M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0072%	8h	152.60	+0.017%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.63	+0.035%	$408K	$498K	20x	as long as short
Variational Omni SPCX	+0.0079%	8h	152.62	+0.032%	$6.0M	$2.8M	—	as long as short
Lighter SPCX	+0.0096%	1h	152.54	−0.021%	$1.6M	$7.3M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.51	−0.040%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.49	−0.053%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.53	−0.027%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.60	+0.019%	$15K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0101%	8h	152.61	+0.025%	$250.4M	$1.36B	75x	as long as short
Extended SPCX-USDlong	+0.0104%	1h	152.57	long leg	$732K	$4.6M	10x
Aevo SPCX-PERP	+0.0104%	1h	152.59	+0.013%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0113%	8h	152.61	+0.025%	$39.6M	$166.9M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.032%	$726K	$932K	10x	as long as short
edgeX SPCXUSDC	+0.0201%	4h	152.61	+0.026%	$1.7M	$893K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.62	+0.032%	$444K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0215%	1h	152.50	−0.047%	$613K	$801K	20x	as long as short
Bullet SPCX-USD	+0.0245%	1h	152.61	+0.025%	$11K	$191K	10x	as long as short
Aster SPCXUSD1	+0.0361%	8h	152.72	+0.098%	$18.9M	$25.9M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0406%	1h	152.55	−0.014%	$89K	$1.3M	10x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.209%	$9K	$28K	5.5x	as long as short