Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0111%/8h= +12.2% APRpaid last 24h +0.023%

Price spread now: tradeXYZ against HTX−0.091%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.091%, 7d avg −0.058%

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

Funding pays, the price is against you. tradeXYZ is 0.033% cheaper against HTX than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.058%). If the spread goes back, that is −$3 on $10k: about 24 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SPCX-USDT	153.12	0	get 0.0000% / 8h	4h 07m	$1.3M	$1.7M	75x
Short	tradeXYZ xyz:SPCX	152.98	0.0111	get 0.0014% / 1h	7m 30s	$141.4M	$119.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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 HTXbpFee tradeXYZbpOrdersPrice spread, now −0.091%Rate

Funding earned: $23.41
Price spread: −0.091% → −0.058%: −$3.31
Slippage, 4 orders: −$10.43
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$20.33
Costs to cover: 0.404%
Break-even: 13.1 days

Slippage from HTX: live order book, 1 min ago; tradeXYZ: live order book, 11 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 HTX live order book, 1 min ago	1.31 bp	9.8 bp −$10	9.9 bp −$99	14.0 bp −$1,401	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.33 bp	9.3 bp −$9	10.1 bp −$101	12.8 bp −$1,277	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 −0.0253% / S +0.0486%	1h	153.01	−0.069%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.08	−0.026%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.04	−0.052%	$96.4M	$31.4M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.09	−0.020%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.675%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.02	−0.065%	$302K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.37	+0.163%	$7K	$940K	10x	as long as short
HTX SPCX-USDTlong	0.0000%	8h	153.12	long leg	$1.3M	$1.7M	75x
Aftermath Perps SPCXUSD	+0.0022%	1h	153.04	−0.054%	$8K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0023%	8h	153.12	0.000%	$1.9M	$1.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.97	−0.098%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.95	−0.111%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.072%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.01	−0.072%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.02	−0.065%	$1.2M	$5.9M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.98	−0.091%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.03	−0.059%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.07	−0.033%	$532K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.93	−0.124%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0062%	8h	153.07	−0.033%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.97	−0.098%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	−0.104%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.072%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.04	−0.052%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.03	−0.058%	$89	—	10x	as long as short
tradeXYZ xyz:SPCXshort	+0.0111%	1h	152.98	−0.091%	$141.4M	$119.0M	20x
Bullet SPCX-USD	+0.0121%	1h	153.07	−0.030%	$11K	$191K	10x	as long as short
Variational Omni SPCX	+0.0129%	8h	153.07	−0.035%	$6.0M	$3.0M	—	as long as short
Nado SPCX-PERP	+0.0137%	1h	152.93	−0.122%	$617K	$817K	20x	as long as short
Binance SPCXUSDT	+0.0142%	8h	153.07	−0.036%	$248.2M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	153.02	−0.066%	$734K	$3.8M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0146%	8h	153.08	−0.026%	$39.5M	$166.6M	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.06	−0.037%	$410K	$525K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.10	−0.013%	$738K	$926K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.09	−0.020%	$445K	$268K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0338%	1h	153.02	−0.065%	$83K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0405%	8h	153.12	−0.001%	$19.0M	$21.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.50	+0.248%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0619%	4h	153.07	−0.034%	$1.7M	$891K	20x	as long as short