Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: SunX against Pacifica+0.276%7-day average +0.114% · you sell dearer than you buy

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

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.179%−$18 · spread now +0.276%, 7d avg +0.114%

Together, before fees−0.270%+ Points / potential airdropPacifica: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.162% dearer against Pacifica than usual: you sell high and buy low (spread +0.276% now, against its 7-day average of +0.114%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.4 days. At the pace of the last 7 days (−0.091% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SPCX	152.29	0.0100	pay 0.0013% / 1h	9m 29s	$168K	$120K	10x
Short	SunX SPCX-USDT	152.71	0	get 0.0000% / 8h	1h 09m	$8K	$895K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.276%Rate

Funding earned: −$21
Price spread: +0.276% → +0.114%: $16.17
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$20.83
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Pacifica: live order book, 33 min ago; SunX: live order book, 53 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 Pacifica live order book, 33 min ago	0.33 bp	5.4 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 53 min ago	21.92 bp	doesn't fit	doesn't fit	doesn't fit	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 −0.0187% / S +0.0435%	1h	152.28	−0.003%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.37	+0.053%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.41	+0.079%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.291%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	+0.059%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	152.71	+0.276%	$8K	$895K	10x
HTX SPCX-USDT	0.0000%	8h	152.42	+0.085%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0011%	8h	152.39	+0.066%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0020%	8h	152.41	+0.079%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.30	+0.005%	$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 RH SPCX	+0.0032%	1h	152.30	+0.007%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.35	+0.039%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.29	0.000%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.32	+0.020%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.35	+0.039%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.38	+0.059%	$530K	$377K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.23	−0.039%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.41	+0.076%	$392K	$505K	20x	as long as short
Pacifica SPCXlong	+0.0100%	1h	152.29	long leg	$168K	$120K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.24	−0.033%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.39	+0.066%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.40	+0.072%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.37	+0.055%	$88	—	10x	as long as short
edgeX SPCXUSDC	+0.0110%	4h	152.34	+0.036%	$1.7M	$890K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0120%	1h	152.28	−0.007%	$130.0M	$129.0M	20x	as long as short
Variational Omni SPCX	+0.0126%	8h	152.36	+0.044%	$5.9M	$2.8M	—	as long as short
Paradex SPCX-USD-PERP	+0.0131%	8h	152.38	+0.057%	$101	—	5x	as long as short
Binance SPCXUSDT	+0.0142%	8h	152.39	+0.067%	$252.0M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.35	+0.036%	$724K	$3.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0144%	1h	152.36	+0.046%	$487K	$1.2M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0148%	8h	152.42	+0.085%	$39.5M	$166.6M	75x	as long as short
Lighter SPCX	+0.0152%	1h	152.33	+0.026%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.28	−0.007%	$732K	$923K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.36	+0.046%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0266%	1h	152.25	−0.024%	$626K	$805K	20x	as long as short
Bullet SPCX-USD	+0.0303%	1h	152.38	+0.060%	$11K	$191K	10x	as long as short
Aster SPCXUSD1	+0.0404%	8h	152.48	+0.128%	$18.9M	$29.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.341%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0473%	1h	152.34	+0.033%	$89K	$1.3M	10x	as long as short