Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0145%/8h= +15.9% APRpaid last 24h −0.082%

Price spread now: edgeX against Phemex−0.007%78s7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs+$21as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.501% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.710%+$71 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.007%, 7d avg +0.057%

Together, before fees+0.847%+ Points / potential airdropedgeX: Active · farm board+$85 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.063% cheaper against Phemex than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.057%). If the spread goes back, that is −$6 on $10k: about 35 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.710% in total) that is about 15 hours. The two prices were read 78 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	153.08	0.0050	pay 0.0050% / 8h	4h 36m	$533K	$395K	50x
Short	edgeX SPCXUSDC	153.07	0.0195	get 0.0098% / 4h	36m 09s	$1.7M	$892K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.007%Rate

Funding earned: $30.46
Price spread: −0.007% → +0.057%: −$6.32
Slippage, 4 orders: −$29.05
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$25.92
Costs to cover: 0.501%
Break-even: 13.0 days

Slippage from Phemex: live order book, 21 min ago; edgeX: live order book, 3 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 Phemex live order book, 21 min ago	2.61 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	1.63 bp	6.1 bp −$6	7.1 bp −$71	21.1 bp −$2,114	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 −0.0314% / S +0.0531%	1h	153.04	−0.023%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.07	−0.007%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.06	−0.013%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.11	+0.020%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.703%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.00	−0.052%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.29	+0.137%	$8K	$937K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	153.04	−0.026%	$73K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.12	+0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	153.03	−0.030%	$8K	$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 SPCX	+0.0032%	1h	153.04	−0.026%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.99	−0.059%	$2.5M	$7.2M	20x	as long as short
BloFin SPCX-USDT	+0.0038%	8h	153.10	+0.013%	$1.9M	$1.4M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.046%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.09	+0.007%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.03	−0.033%	$1.2M	$6.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.04	−0.026%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	−0.020%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDTlong	+0.0050%	8h	153.08	long leg	$533K	$395K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.93	−0.098%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	153.08	+0.003%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0074%	1h	153.05	−0.020%	$141.5M	$119.0M	20x	as long as short
Bullet SPCX-USD	+0.0082%	1h	153.09	+0.004%	$11K	$191K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.98	−0.065%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.99	−0.059%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.11	+0.020%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.09	+0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.07	−0.004%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0128%	1h	153.03	−0.034%	$617K	$823K	20x	as long as short
Variational Omni SPCX	+0.0149%	8h	153.08	−0.002%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0152%	8h	153.09	+0.007%	$39.5M	$166.9M	75x	as long as short
Binance SPCXUSDT	+0.0157%	8h	153.08	0.000%	$252.2M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0160%	1h	153.04	−0.025%	$738K	$3.8M	10x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.12	+0.025%	$410K	$530K	20x	as long as short
edgeX SPCXUSDCshort	+0.0195%	4h	153.07	−0.007%	$1.7M	$892K	20x
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.026%	$738K	$925K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.08	0.000%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.16	+0.051%	$18.9M	$20.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	+0.176%	$9K	$28K	5.5x	as long as short