Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h +0.025%

Price spread now: Bitget against QFEX+0.013%46s7-day average +0.051% · you sell dearer than you buy

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

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

costs, in and out, $10k−$260.264% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.023%+$2 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.013%, 7d avg +0.051%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.038% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.051%). Swap the legs. The two prices were read 46 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	QFEX SPCX-USD	152.31	0.0070	pay 0.0009% / 1h	11m 46s	$1.2M	$5.5M	10x
Short	Bitget SPCXUSDT	152.33	0	get 0.0000% / 8h	11m 46s	$31.2M	$66.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$14.8
Price spread: +0.013% → +0.051%: −$3.83
Slippage, 4 orders: −$4.44
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$45.07
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; Bitget: 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 QFEX live order book, 7 min ago	1.31 bp	6.3 bp −$6	10.1 bp −$101	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.33 bp	7.4 bp −$7	8.7 bp −$87	23.3 bp −$2,326	34.2 bp −$17.1K

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 −0.0187% / S +0.0435%	1h	152.24	−0.049%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.31	0.000%	$30.5M	$42.8M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.30	−0.007%	$96.2M	$32.0M	100x	as long as short
Bitget SPCXUSDTshort	0.0000%	8h	152.33	+0.013%	$31.2M	$66.2M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.271%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	+0.046%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.59	+0.184%	$8K	$889K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.39	+0.053%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0006%	8h	152.32	+0.007%	$1.9M	$1.2M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.26	−0.033%	$89K	$1.4M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0023%	1h	152.24	−0.049%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.25	−0.039%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.23	−0.053%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.25	−0.039%	$102K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	+0.013%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.21	−0.066%	$129.7M	$129.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.28	−0.020%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.28	−0.020%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.29	−0.013%	$530K	$371K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.17	−0.092%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USDlong	+0.0070%	1h	152.31	long leg	$1.2M	$5.5M	10x
Paradex SPCX-USD-PERP	+0.0077%	8h	152.33	+0.010%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.25	−0.039%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.16	−0.098%	$12.9M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.23	−0.053%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.30	−0.007%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.30	−0.006%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0115%	8h	152.29	−0.012%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0124%	8h	152.30	−0.007%	$253.2M	$1.36B	75x	as long as short
Bullet SPCX-USD	+0.0126%	1h	152.32	+0.007%	$11K	$192K	10x	as long as short
Extended SPCX-USD	+0.0128%	1h	152.27	−0.025%	$724K	$5.3M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0140%	8h	152.33	+0.013%	$39.7M	$166.7M	75x	as long as short
Nado SPCX-PERP	+0.0155%	1h	152.27	−0.028%	$631K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.020%	$728K	$930K	10x	as long as short
edgeX SPCXUSDC	+0.0365%	4h	152.32	+0.004%	$1.7M	$891K	20x	as long as short
Phoenix SPCX	+0.0368%	1h	152.32	+0.007%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0394%	8h	152.41	+0.066%	$18.9M	$30.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.58	+0.177%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.37	+0.040%	$381K	$507K	20x	as long as short