Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0100%/8hpaid last 24h −0.030%

Price spread now: HTX against Pacifica+0.138%7-day average +0.056% · you sell dearer than you buy

to open and close $10k−$32fees + slippage, both legs, in and out

costs, in % of the position0.321%what the two incomes have to cover

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 3 days (all we have)−0.129%−$13 · spread now +0.138%, 7d avg +0.056%

Together, before fees−0.220%+ Points / potential airdropPacifica: Active · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.082% dearer against Pacifica than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.056%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 7 days (−0.091% in total) that is about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SPCX	152.34	0.0100	pay 0.0013% / 1h	53m 30s	$175K	$132K	10x
Short	HTX SPCX-USDT	152.55	0	get 0.0000% / 8h	4h 53m	$1.3M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now +0.138%Rate

Funding earned: −$21
Price spread: +0.138% → +0.056%: $8.16
Slippage, 4 orders: −$12.11
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$44.96
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Pacifica: live order book, 41 min ago; HTX: 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 Pacifica live order book, 41 min ago	0.65 bp	6.7 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	0.33 bp	8.5 bp −$8	8.9 bp −$89	13.2 bp −$1,323	doesn't fit

SPCX on 38 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
edgeX SPCXUSDC	−0.0510%	4h	152.72	+0.252%	$1.7M	$891K	20x	as long as short
GMX SPCX/USD [ETH-USDC]	L −0.0207% / S +0.0415%	1h	152.40	+0.036%	$88K	—	20x	as long as short
BloFin SPCX-USDT	−0.0083%	8h	152.57	+0.151%	$1.9M	$1.3M	75x	as long as short
Aster SPCXUSD1	0.0000%	8h	152.44	+0.066%	$17.9M	$19.4M	20x	as long as short
OKX SPCX-USDT-SWAP	0.0000%	8h	152.40	+0.039%	$39.3M	$157.7M	75x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.34	0.000%	$96.6M	$28.9M	100x	as long as short
StandX SPCX-USD	0.0000%	1h	152.44	+0.066%	$301K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.85	+0.335%	$8K	$998K	10x	as long as short
HTX SPCX-USDTshort	0.0000%	8h	152.55	+0.138%	$1.3M	$1.4M	75x
Variational Omni SPCX	+0.0002%	8h	152.72	+0.248%	$6.1M	$4.3M	—	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.33	−0.007%	$1.6M	$7.0M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.31	−0.020%	$2.4M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.223%	$9K	$27K	5.5x	as long as short
Binance SPCXUSDT	+0.0037%	8h	152.37	+0.021%	$252.6M	$1.30B	75x	as long as short
Extended SPCX-USD	+0.0040%	1h	152.41	+0.046%	$698K	$3.5M	10x	as long as short
Bybit SPCXUSDT	+0.0040%	8h	152.37	+0.020%	$30.3M	$39.4M	100x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.39	+0.033%	—	$918K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.33	−0.007%	$131.1M	$96.8M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.36	+0.013%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.36	+0.013%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.45	+0.072%	$537K	$368K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.40	+0.039%	$3.1M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0060%	1h	152.40	+0.039%	$1.2M	$7.0M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	152.52	+0.118%	$101	—	5x	as long as short
Aftermath Perps SPCXUSD	+0.0082%	1h	152.50	+0.105%	$8K	$10K	10x	as long as short
Pacifica SPCXlong	+0.0100%	1h	152.34	long leg	$175K	$132K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.26	−0.053%	$13.0M	$4.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.62	+0.184%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.43	+0.059%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.38	+0.028%	$88	—	10x	as long as short
Bullet SPCX-USD	+0.0142%	1h	152.42	+0.049%	$11K	$189K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0176%	1h	152.16	−0.118%	$609K	$770K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.62	+0.184%	$370K	$186K	15x	as long as short
Bitget SPCXUSDT	+0.0236%	8h	152.37	+0.020%	$29.1M	$62.4M	75x	as long as short
Arcus SPCX-USD	+0.0250%	1h	152.43	+0.059%	$106K	$273K	5x	as long as short
Nado SPCX-PERP	+0.0268%	1h	152.32	−0.013%	$674K	$821K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0341%	1h	152.39	+0.033%	$69K	$956K	10x	as long as short
RISEx SPCX/USDC	+0.0357%	1h	152.44	+0.064%	$323K	$500K	20x	as long as short