Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SoDEX against Orderly−0.013%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SPCX_USDC_mythos	152.29	0.0100	pay 0.0100% / 8h	46m 09s	$14K	$7K	10x
Short	SoDEX SPCX-USD	152.27	0.0050	get 0.0006% / 1h	46m 09s	$1.7M	$99K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Orderly. 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 OrderlybpFee SoDEXbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$10.5
Price spread: −0.013% → 0.000%: −$1.31
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$25.81
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SoDEX: live order book, 3 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell SoDEX live order book, 3 min ago	0.33 bp	18.1 bp −$18	46.3 bp −$463	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	152.22	−0.043%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.29	0.000%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.34	+0.033%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.288%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.35	+0.039%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.52	+0.151%	$8K	$894K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.38	+0.059%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0012%	8h	152.32	+0.020%	$30.5M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0021%	8h	152.37	+0.053%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.24	−0.035%	$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 SPCX	+0.0032%	1h	152.25	−0.026%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.23	−0.039%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.23	−0.039%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.29	0.000%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.20	−0.059%	$129.9M	$129.2M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.26	−0.020%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USDshort	+0.0050%	1h	152.27	−0.013%	$1.7M	$99K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.30	+0.007%	$530K	$374K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.11	−0.118%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.29	0.000%	$1.2M	$5.5M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.22	−0.046%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.18	−0.072%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.22	−0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythoslong	+0.0100%	8h	152.29	long leg	$14K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	152.30	+0.006%	$88	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0107%	8h	152.31	+0.012%	$101	—	5x	as long as short
Bullet SPCX-USD	+0.0125%	1h	152.31	+0.013%	$11K	$192K	10x	as long as short
Variational Omni SPCX	+0.0128%	8h	152.20	−0.062%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0140%	8h	152.31	+0.013%	$252.9M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.28	−0.008%	$724K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0153%	8h	152.33	+0.026%	$39.7M	$166.6M	75x	as long as short
Nado SPCX-PERP	+0.0174%	1h	152.22	−0.045%	$627K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.033%	$728K	$938K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0276%	1h	152.26	−0.020%	$89K	$1.4M	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.23	−0.039%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0407%	8h	152.42	+0.086%	$18.9M	$28.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.55	+0.171%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.37	+0.052%	$391K	$502K	20x	as long as short
edgeX SPCXUSDC	+0.0522%	4h	152.20	−0.056%	$1.7M	$892K	20x	as long as short