Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h −0.037%

Price spread now: KuCoin against Phoenix−0.052%78s7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as 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−$380.381% of the position

Long on Phoenix Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.052%, 7d avg −0.058%

Together, before fees−0.212%−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.058%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. 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	Phoenix SPCX	152.55	0.0210	pay 0.0026% / 1h	44m 04s	$449K	$272K	15x
Short	KuCoin SPCXUSDTM	152.47	0.0100	get 0.0100% / 8h	4h 44m	$13.0M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phoenix. 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 PhoenixbpFee KuCoinbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$23
Price spread: −0.052% → −0.058%: $0.57
Slippage, 4 orders: −$19.12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$60.54
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from Phoenix: live order book, 62 min ago; KuCoin: 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 Phoenix live order book, 62 min ago	0.33 bp	6.3 bp −$6	19.8 bp −$198	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.98 bp	14.2 bp −$14	33.2 bp −$332	doesn't fit	doesn't fit

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	152.50	−0.029%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0070%	8h	152.61	+0.039%	$2.0M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.47	−0.052%	$30.0M	$42.4M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.47	−0.052%	$96.3M	$30.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.47	−0.052%	$31.1M	$66.5M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.58	+0.020%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.81	+0.170%	$8K	$803K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.34	−0.138%	$42K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.65	+0.066%	$1.3M	$1.7M	75x	as long as short
Variational Omni SPCX	+0.0010%	8h	152.53	−0.016%	$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	152.54	−0.007%	$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	152.39	−0.105%	$1.5M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.36	−0.125%	$2.5M	$7.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.151%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.55	0.000%	$103K	$293K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.56	+0.007%	—	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0048%	1h	152.48	−0.048%	$700K	$5.2M	10x	as long as short
Binance SPCXUSDT	+0.0049%	8h	152.48	−0.046%	$251.7M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.38	−0.111%	$128.0M	$129.5M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.46	−0.059%	$1.7M	$56K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.47	−0.052%	$531K	$379K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.48	−0.046%	$3.1M	$2.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0051%	8h	152.59	+0.026%	$101	—	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0086%	8h	152.49	−0.039%	$39.8M	$167.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.50	−0.033%	$169K	$114K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.47	−0.052%	$13.0M	$6.4M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.066%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.60	+0.033%	$15K	$7K	10x	as long as short
RISEx SPCX/USDC	+0.0104%	1h	152.65	+0.068%	$351K	$481K	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.48	−0.046%	$88	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0108%	1h	152.60	+0.033%	$483K	$1.0M	10x	as long as short
Nado SPCX-PERP	+0.0159%	1h	152.53	−0.016%	$630K	$811K	20x	as long as short
Bullet SPCX-USD	+0.0187%	1h	152.61	+0.039%	$11K	$190K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.54	−0.007%	$732K	$1.1M	10x	as long as short
Phoenix SPCXlong	+0.0210%	1h	152.55	long leg	$449K	$272K	15x
edgeX SPCXUSDC	+0.0232%	4h	152.53	−0.013%	$1.7M	$890K	20x	as long as short
Aster SPCXUSD1	+0.0422%	8h	152.56	+0.007%	$19.0M	$30.7M	20x	as long as short