Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0109%/8h= +12.0% APRpaid last 24h +0.037%

Price spread now: Phoenix against KuCoin+0.046%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on KuCoin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now +0.046%, 7d avg +0.058%

Together, before fees+0.244%+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPCXUSDTM	152.57	0.0100	pay 0.0100% / 8h	5h 26m	$13.0M	$6.3M	20x
Short	Phoenix SPCX	152.64	0.0209	get 0.0026% / 1h	26m 45s	$448K	$271K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against KuCoin. 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 KuCoinbpFee PhoenixbpOrdersPrice spread, now +0.046%Rate

Funding earned: $22.98
Price spread: +0.046% → +0.058%: −$1.21
Slippage, 4 orders: −$17.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$14.93
Costs to cover: 0.367%
Break-even: 11.5 days

Slippage from KuCoin: live order book, 5 min ago; Phoenix: live order book, 19 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 KuCoin live order book, 5 min ago	0.98 bp	12.0 bp −$12	33.9 bp −$339	doesn't fit	doesn't fit
Sell Phoenix live order book, 19 min ago	0.33 bp	6.1 bp −$6	19.2 bp −$192	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	152.57	0.000%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0076%	8h	152.71	+0.092%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.67	+0.066%	$30.0M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.65	+0.052%	$96.2M	$32.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.71	+0.092%	$31.1M	$67.0M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.71	+0.092%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.86	+0.190%	$8K	$814K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.59	+0.013%	$44K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.74	+0.111%	$1.3M	$1.7M	75x	as long as short
Variational Omni SPCX	+0.0010%	8h	152.62	+0.032%	$5.9M	$2.7M	—	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0020%	1h	152.61	+0.025%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0030%	1h	152.67	+0.066%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.62	+0.033%	$1.6M	$7.5M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.59	+0.013%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.138%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.57	0.000%	$103K	$292K	5x	as long as short
Binance SPCXUSDT	+0.0044%	8h	152.68	+0.072%	$251.7M	$1.38B	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.61	+0.026%	—	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0048%	1h	152.63	+0.038%	$728K	$5.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.57	0.000%	$128.3M	$129.9M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.63	+0.039%	$1.7M	$56K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	+0.033%	$532K	$371K	50x	as long as short
Paradex SPCX-USD-PERP	+0.0050%	8h	152.66	+0.057%	$101	—	5x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.57	0.000%	$3.0M	$2.1M	10x	as long as short
RISEx SPCX/USDC	+0.0051%	1h	152.70	+0.083%	$351K	$518K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0076%	8h	152.70	+0.085%	$39.5M	$168.6M	75x	as long as short
Bullet SPCX-USD	+0.0091%	1h	152.69	+0.078%	$11K	$191K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.60	+0.020%	$169K	$114K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	152.57	long leg	$13.0M	$6.3M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.54	−0.020%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.67	+0.066%	$15K	$7K	10x	as long as short
Polymarket Perps SPCX-USD	+0.0100%	1h	152.68	+0.072%	$487K	$1.1M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.64	+0.045%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0111%	1h	152.62	+0.030%	$632K	$805K	20x	as long as short
edgeX SPCXUSDC	+0.0130%	4h	152.63	+0.037%	$1.7M	$888K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0136%	1h	152.70	+0.085%	$735K	$1.1M	10x	as long as short
Phoenix SPCXshort	+0.0209%	1h	152.64	+0.046%	$448K	$271K	15x
Aster SPCXUSD1	+0.0397%	8h	152.80	+0.151%	$19.0M	$30.6M	20x	as long as short