Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h +0.035%

Price spread now: Deribit against Paradex−0.053%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.053% cheaper against Paradex than usual: you would sell low and buy high (−$5 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	Paradex SPCX-USD-PERP	152.59	0.0051	pay 0.0051% / 8h	4h 44m	$101	—	5x
Short	Deribit SPCX_USDC-PERPETUAL	152.51	0	get 0.0000% / 1h	44m 36s	$42K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Paradex. 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 ParadexbpFee DeribitbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$10.66
Price spread: −0.053% → 0.000%: −$5.26
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$26.92
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 2 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 Paradex no order-book sample	—	—	—	—	—
Sell Deribit live order book, 2 min ago	0.33 bp	5.1 bp −$5	8.8 bp −$88	doesn't fit	doesn't fit

Paradex: 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 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	152.49	−0.069%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0070%	8h	152.61	+0.013%	$2.0M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.61	+0.013%	$30.1M	$42.4M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.59	0.000%	$96.3M	$30.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.66	+0.046%	$31.1M	$66.5M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.58	−0.007%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.81	+0.144%	$8K	$807K	10x	as long as short
Deribit SPCX_USDC-PERPETUALshort	0.0000%	1h	152.51	−0.053%	$42K	$1.4M	10x
HTX SPCX-USDT	0.0000%	8h	152.65	+0.039%	$1.3M	$1.7M	75x	as long as short
Variational Omni SPCX	+0.0010%	8h	152.53	−0.042%	$5.8M	$2.8M	—	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	+0.0021%	1h	152.53	−0.038%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0029%	1h	152.57	−0.013%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.57	−0.013%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.53	−0.040%	$2.5M	$7.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.124%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.55	−0.026%	$103K	$293K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.56	−0.020%	—	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0048%	1h	152.58	−0.009%	$700K	$5.2M	10x	as long as short
Binance SPCXUSDT	+0.0049%	8h	152.63	+0.027%	$251.9M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.50	−0.059%	$128.1M	$129.5M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.56	−0.020%	$1.7M	$56K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	+0.019%	$532K	$378K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.48	−0.072%	$3.1M	$2.1M	10x	as long as short
Paradex SPCX-USD-PERPlong	+0.0051%	8h	152.59	long leg	$101	—	5x
OKX SPCX-USDT-SWAP	+0.0086%	8h	152.63	+0.026%	$39.8M	$167.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.50	−0.059%	$169K	$114K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−0.046%	$13.0M	$6.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.092%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.60	+0.006%	$15K	$7K	10x	as long as short
RISEx SPCX/USDC	+0.0104%	1h	152.65	+0.041%	$351K	$481K	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.56	−0.021%	$88	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0108%	1h	152.60	+0.006%	$483K	$1.0M	10x	as long as short
Nado SPCX-PERP	+0.0159%	1h	152.53	−0.043%	$630K	$811K	20x	as long as short
Bullet SPCX-USD	+0.0189%	1h	152.58	−0.007%	$11K	$190K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.54	−0.033%	$732K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.55	−0.026%	$449K	$272K	15x	as long as short
edgeX SPCXUSDC	+0.0232%	4h	152.53	−0.040%	$1.7M	$890K	20x	as long as short
Aster SPCXUSD1	+0.0422%	8h	152.71	+0.078%	$19.0M	$30.7M	20x	as long as short