Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: Aevo against Phemex+0.015%54s7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Aevo

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—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. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SPCXUSDT	152.23	0.0050	pay 0.0050% / 8h	7h 21m	$530K	$364K	50x
Short	Aevo SPCX-PERP	152.25	0.0104	get 0.0013% / 1h	21m 23s	$88	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now +0.015%Rate

Funding earned: $11.34
Price spread: +0.015% → 0.000%: $1.49
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$15.17
Costs to cover: 0.280%
Break-even: 16.4 days

Slippage unknown: Phemex: live order book, 11 min ago; Aevo: no order-book sample. 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 Phemex live order book, 11 min ago	0.33 bp	42.0 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 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	152.07	−0.102%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0020%	8h	152.19	−0.026%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.27	+0.026%	$30.4M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.23	0.000%	$96.2M	$32.4M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.30	+0.046%	$31.0M	$66.5M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.30	+0.046%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.29	+0.039%	$8K	$848K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.25	+0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.07	−0.103%	$7K	$7K	10x	as long as short
edgeX SPCXUSDC	+0.0029%	4h	152.16	−0.047%	$1.7M	$890K	20x	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	152.23	0.000%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.19	−0.026%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.23	0.000%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.23	0.000%	$102K	$293K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.25	+0.013%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.18	−0.033%	$129.7M	$129.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.18	−0.033%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.25	+0.013%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDTlong	+0.0050%	8h	152.23	long leg	$530K	$364K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.10	−0.085%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	152.30	+0.049%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0077%	8h	151.99	−0.161%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.17	−0.039%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.17	−0.039%	$13.0M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.05	−0.118%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.30	+0.046%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0104%	8h	152.30	+0.046%	$253.9M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.24	+0.008%	$725K	$5.3M	10x	as long as short
Aevo SPCX-PERPshort	+0.0104%	1h	152.25	+0.015%	$88	—	10x
Nado SPCX-PERP	+0.0111%	1h	152.19	−0.027%	$635K	$812K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0115%	8h	152.30	+0.046%	$39.2M	$167.8M	75x	as long as short
Bullet SPCX-USD	+0.0134%	1h	152.29	+0.037%	$10K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.27	+0.029%	$381K	$507K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0210%	1h	152.25	+0.013%	$84K	$1.4M	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.00	−0.151%	$446K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.03	−0.131%	$693K	$997K	10x	as long as short
Aster SPCXUSD1	+0.0387%	8h	152.41	+0.116%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.184%	$9K	$28K	5.5x	as long as short