Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.025%

Price spread now: SunX against Extended+0.123%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.123%, 7d avg +0.087%

Together, before fees−0.108%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.037% dearer against Extended than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of +0.087%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.069% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPCX-USD	152.24	0.0144	pay 0.0018% / 1h	50m 01s	$724K	$3.6M	10x
Short	SunX SPCX-USDT	152.43	0	get 0.0000% / 8h	50m 01s	$8K	$894K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.123%Rate

Funding earned: −$30.24
Price spread: +0.123% → +0.087%: $3.67
Slippage, 4 orders: −$54.1
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$93.66
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; SunX: 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, 4 min ago	0.99 bp	3.5 bp −$3	6.2 bp −$62	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	21.99 bp	34.1 bp −$34	doesn't fit	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 −0.0234% / S +0.0471%	1h	152.18	−0.044%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.25	+0.005%	$96.1M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.30	+0.038%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.327%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.24	−0.002%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	152.43	+0.123%	$8K	$894K	10x
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.19	−0.034%	$89K	$1.3M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.31	+0.044%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0013%	8h	152.29	+0.031%	$30.5M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0023%	8h	152.23	−0.008%	$1.9M	$1.2M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0029%	1h	152.17	−0.049%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.20	−0.028%	$2.5M	$7.2M	20x	as long as short
Lighter SPCX	+0.0040%	1h	152.21	−0.021%	$1.6M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.18	−0.041%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.23	−0.008%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.19	−0.034%	$129.9M	$129.1M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.22	−0.015%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.28	+0.025%	$530K	$375K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.05	−0.126%	$3.2M	$2.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0053%	1h	152.20	−0.028%	$487K	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.21	−0.021%	$1.2M	$5.5M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.13	−0.074%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.16	−0.054%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.26	+0.012%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.23	−0.008%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.24	0.000%	$88	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0112%	8h	152.20	−0.025%	$100	—	5x	as long as short
Bullet SPCX-USD	+0.0113%	1h	152.24	−0.001%	$11K	$192K	10x	as long as short
Variational Omni SPCX	+0.0128%	8h	152.20	−0.031%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0142%	8h	152.28	+0.027%	$252.7M	$1.36B	75x	as long as short
Extended SPCX-USDlong	+0.0144%	1h	152.24	long leg	$724K	$3.6M	10x
OKX SPCX-USDT-SWAP	+0.0153%	8h	152.31	+0.044%	$39.6M	$166.6M	75x	as long as short
Nado SPCX-PERP	+0.0183%	1h	152.15	−0.060%	$627K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.064%	$728K	$938K	10x	as long as short
edgeX SPCXUSDC	+0.0365%	4h	152.24	−0.001%	$1.7M	$891K	20x	as long as short
Phoenix SPCX	+0.0368%	1h	152.31	+0.044%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0410%	8h	152.38	+0.092%	$18.9M	$28.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.55	+0.202%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.27	+0.018%	$392K	$502K	20x	as long as short