Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0009%/8h= +0.9% APRpaid last 24h −0.031%

Price spread now: edgeX against QFEX−0.021%57s7-day average +0.012% · 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—prices read too far apart to compare

costs, in and out, $10k−$250.249% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.398%+$40 on $10k

Price spread, last 7 days+0.035%+$4 · spread now −0.021%, 7d avg +0.012%

Together, before fees+0.433%+ Points / potential airdropedgeX: Active · farm board+$43 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: edgeX is 0.032% cheaper against QFEX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 57 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	152.45	0.0050	pay 0.0006% / 1h	5m 58s	$1.2M	$5.7M	10x
Short	edgeX SPCXUSDC	152.42	0.0059	get 0.0030% / 4h	3h 05m	$1.7M	$892K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $1.81
Price spread: −0.021% → +0.012%: −$3.24
Slippage, 4 orders: −$5.9
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$26.34
Costs to cover: 0.249%
Break-even: 109.1 days

Slippage from QFEX: live order book, 8 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 QFEX live order book, 8 min ago	1.31 bp	6.3 bp −$6	6.7 bp −$67	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	1.64 bp	6.1 bp −$6	7.1 bp −$71	20.1 bp −$2,006	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 −0.0265% / S +0.0494%	1h	152.37	−0.056%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.46	+0.007%	$96.3M	$31.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.52	+0.046%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.169%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.47	+0.013%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.63	+0.118%	$8K	$917K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.52	+0.046%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0006%	8h	152.49	+0.026%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0015%	8h	152.44	−0.007%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.42	−0.021%	$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
Lighter RH SPCX	+0.0032%	1h	152.38	−0.046%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.36	−0.059%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.46	+0.007%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.42	−0.020%	$489K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.45	0.000%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.49	+0.026%	$531K	$389K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.26	−0.125%	$3.2M	$2.3M	10x	as long as short
QFEX SPCX-USDlong	+0.0050%	1h	152.45	long leg	$1.2M	$5.7M	10x
Paradex SPCX-USD-PERP	+0.0056%	8h	152.47	+0.016%	$101	—	5x	as long as short
edgeX SPCXUSDCshort	+0.0059%	4h	152.42	−0.021%	$1.7M	$892K	20x
Lighter SPCX	+0.0064%	1h	152.41	−0.026%	$1.6M	$7.5M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0069%	1h	152.36	−0.059%	$131.0M	$128.3M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.36	−0.059%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.33	−0.079%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	−0.052%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.46	+0.007%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.46	+0.004%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0125%	8h	152.47	+0.012%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0135%	8h	152.49	+0.025%	$250.4M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.45	+0.001%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0140%	8h	152.51	+0.039%	$39.4M	$166.3M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.43	−0.013%	$87K	$1.2M	10x	as long as short
Nado SPCX-PERP	+0.0189%	1h	152.37	−0.053%	$613K	$802K	20x	as long as short
Bullet SPCX-USD	+0.0194%	1h	152.48	+0.021%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.47	+0.016%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.007%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.42	−0.020%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0407%	8h	152.55	+0.068%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.485%	$9K	$28K	5.5x	as long as short