Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.007%

Price spread now: tradeXYZ against Orderly−0.033%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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and tradeXYZ is 0.033% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SPCX_USDC_mythos	153.09	0.0100	pay 0.0100% / 8h	4h 34m	$15K	$7K	10x
Short	tradeXYZ xyz:SPCX	153.04	0.0077	get 0.0010% / 1h	34m 21s	$141.4M	$119.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$4.82
Price spread: −0.033% → 0.000%: −$3.27
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$32.09
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago	0.33 bp	10.0 bp −$10	10.8 bp −$108	13.6 bp −$1,359	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 −0.0253% / S +0.0486%	1h	153.04	−0.029%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.09	0.000%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.06	−0.020%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.11	+0.013%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.694%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.00	−0.059%	$302K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.30	+0.137%	$8K	$937K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.13	+0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	153.04	−0.034%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.04	−0.033%	$1.6M	$7.3M	20x	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	152.99	−0.065%	$2.5M	$7.2M	20x	as long as short
BloFin SPCX-USDT	+0.0036%	8h	153.08	−0.007%	$1.9M	$1.4M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.00	−0.059%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.08	−0.007%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.03	−0.039%	$1.2M	$6.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.03	−0.039%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	−0.026%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.09	0.000%	$533K	$394K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.95	−0.091%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0062%	8h	153.08	−0.009%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	153.04	−0.033%	$73K	$1.2M	10x	as long as short
tradeXYZ xyz:SPCXshort	+0.0077%	1h	153.04	−0.033%	$141.4M	$119.0M	20x
Bullet SPCX-USD	+0.0084%	1h	153.08	−0.007%	$11K	$191K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.97	−0.078%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.99	−0.065%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.052%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythoslong	+0.0100%	8h	153.09	long leg	$15K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	153.07	−0.013%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0127%	1h	153.00	−0.060%	$617K	$823K	20x	as long as short
Variational Omni SPCX	+0.0143%	8h	153.06	−0.021%	$6.0M	$3.0M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0150%	8h	153.09	0.000%	$39.5M	$166.9M	75x	as long as short
Extended SPCX-USD	+0.0152%	1h	153.04	−0.032%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0155%	8h	153.08	−0.004%	$252.2M	$1.37B	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.11	+0.013%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.033%	$738K	$925K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.08	−0.007%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.16	+0.046%	$18.9M	$20.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	+0.170%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0807%	4h	153.06	−0.022%	$1.7M	$892K	20x	as long as short