Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against Phemex−0.020%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$740.737% of the position

Long on Phemex Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.020%, 7d avg +0.041%

Together, before fees+0.127%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.061% cheaper against Phemex than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SPCXUSDT	152.88	0.0050	pay 0.0050% / 8h	3h 41m	$533K	$391K	50x
Short	SoDEX SPCX-USD	152.85	0.0050	get 0.0006% / 1h	41m 25s	$1.7M	$97K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → +0.041%: −$6.08
Slippage, 4 orders: −$53.69
Fee Phemex: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$79.77
Costs to cover: 0.737%
Break-even: never at this rate

Slippage from Phemex: live order book, 11 min ago; SoDEX: 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 Phemex live order book, 11 min ago	1.63 bp	24.4 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 2 min ago	0.33 bp	18.1 bp −$18	48.1 bp −$481	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 −0.0214% / S +0.0456%	1h	152.82	−0.036%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.84	−0.026%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.91	+0.020%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.853%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.92	+0.026%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.12	+0.157%	$8K	$930K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.93	+0.033%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0018%	8h	152.86	−0.013%	$30.7M	$42.6M	100x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.76	−0.078%	$2.5M	$7.3M	20x	as long as short
Aftermath Perps SPCXUSD	+0.0032%	1h	152.86	−0.012%	$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
BloFin SPCX-USDT	+0.0035%	8h	152.91	+0.020%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.81	−0.046%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.80	−0.052%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.81	−0.046%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USDshort	+0.0050%	1h	152.85	−0.020%	$1.7M	$97K	20x
Phemex SPCXUSDTlong	+0.0050%	8h	152.88	long leg	$533K	$391K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.71	−0.111%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.83	−0.033%	$1.2M	$5.8M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.77	−0.072%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.76	−0.078%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.77	−0.072%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.86	−0.013%	$15K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0104%	8h	152.87	−0.004%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.85	−0.019%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0141%	8h	152.91	+0.018%	$6.0M	$2.9M	—	as long as short
Lighter SPCX	+0.0152%	1h	152.81	−0.046%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.82	−0.037%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0157%	8h	152.87	−0.007%	$248.5M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0160%	8h	152.88	0.000%	$39.6M	$166.1M	75x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.87	−0.008%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	+0.013%	$741K	$939K	10x	as long as short
Nado SPCX-PERP	+0.0252%	1h	152.71	−0.109%	$615K	$810K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.85	−0.020%	$444K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0281%	1h	152.86	−0.013%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0282%	1h	152.82	−0.039%	$141.3M	$119.2M	20x	as long as short
Aster SPCXUSD1	+0.0431%	8h	152.92	+0.027%	$19.0M	$23.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.235%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0601%	1h	152.84	−0.026%	$85K	$1.2M	10x	as long as short
edgeX SPCXUSDC	+0.0694%	4h	152.87	−0.007%	$1.7M	$891K	20x	as long as short