Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8hnext payment −$0.50 per $10,000 · paid last 24h −0.015%

Price spread now: SunX against Phemex+0.131%7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1221.225% of the position

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 3 days (all we have)+0.033%+$3 · spread now +0.131%, 7d avg +0.112%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.112%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SPCXUSDT	152.74	0.0050	pay 0.0050% / 8h	4h 21m	$535K	$384K	50x
Short	SunX SPCX-USDT	152.94	0	get 0.0000% / 8h	4h 21m	$8K	$996K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.131%Rate

Funding earned: −$10.5
Price spread: +0.131% → +0.112%: $1.86
Slippage, 4 orders: −$102.48
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$131.12
Costs to cover: 1.225%
Break-even: never at this rate

Slippage from Phemex: live order book, 10 min ago; SunX: live order book, 5 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, 10 min ago	0.99 bp	43.2 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	21.94 bp	34.0 bp −$34	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 −0.0207% / S +0.0415%	1h	152.68	−0.043%	$88K	—	20x	as long as short
BloFin SPCX-USDT	−0.0058%	8h	152.67	−0.046%	$1.9M	$1.3M	75x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.70	−0.026%	$96.7M	$29.8M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.49	+12.932%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.78	+0.026%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	152.94	+0.131%	$8K	$996K	10x
HTX SPCX-USDT	0.0000%	8h	152.71	−0.020%	$1.3M	$1.5M	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0015%	8h	152.71	−0.020%	$39.2M	$161.2M	75x	as long as short
Variational Omni SPCX	+0.0028%	8h	152.52	−0.141%	$6.1M	$4.3M	—	as long as short
Lighter SPCX	+0.0032%	1h	152.70	−0.026%	$1.6M	$7.0M	20x	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	152.66	−0.052%	$2.4M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.953%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.75	+0.007%	—	$941K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.68	−0.039%	$130.6M	$100.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.68	−0.039%	$491K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.69	−0.033%	$1.7M	$80K	20x	as long as short
Phemex SPCXUSDTlong	+0.0050%	8h	152.74	long leg	$535K	$384K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.63	−0.072%	$3.1M	$2.5M	10x	as long as short
Aster SPCXUSD1	+0.0051%	8h	152.78	+0.026%	$17.9M	$19.5M	20x	as long as short
Bybit SPCXUSDT	+0.0052%	8h	152.73	−0.007%	$30.6M	$40.1M	100x	as long as short
QFEX SPCX-USD	+0.0060%	1h	152.74	0.000%	$1.2M	$7.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0060%	8h	152.75	+0.008%	$101	—	5x	as long as short
Binance SPCXUSDT	+0.0062%	8h	152.72	−0.013%	$255.3M	$1.32B	75x	as long as short
Extended SPCX-USD	+0.0064%	1h	152.74	−0.002%	$715K	$3.5M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.69	−0.033%	$70K	$987K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.67	−0.046%	$176K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.66	−0.052%	$13.1M	$4.8M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.53	−0.137%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.76	+0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.74	+0.002%	$89	—	10x	as long as short
Aftermath Perps SPCXUSD	+0.0125%	1h	152.53	−0.138%	$7K	$10K	10x	as long as short
Bullet SPCX-USD	+0.0157%	1h	152.74	0.000%	$11K	$190K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0176%	1h	152.69	−0.033%	$711K	$889K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.54	−0.131%	$370K	$186K	15x	as long as short
Arcus SPCX-USD	+0.0250%	1h	152.68	−0.039%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0253%	1h	152.66	−0.054%	$674K	$832K	20x	as long as short
Bitget SPCXUSDT	+0.0257%	8h	152.77	+0.020%	$29.3M	$63.3M	75x	as long as short
RISEx SPCX/USDC	+0.0357%	1h	152.81	+0.043%	$322K	$480K	20x	as long as short
edgeX SPCXUSDC	+0.0697%	4h	152.64	−0.064%	$1.7M	$893K	20x	as long as short