Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against SoDEX+0.223%7-day average +0.083% · 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−$82as in the Price arb table

costs, in and out, $10k−$960.963% of the position

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.054%−$5 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.223%, 7d avg +0.083%

Together, before fees−0.152%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.139% dearer against SoDEX than usual: you sell high and buy low (spread +0.223% now, against its 7-day average of +0.083%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SPCX-USD	152.58	0.0050	pay 0.0006% / 1h	55m 34s	$1.7M	$56K	20x
Short	SunX SPCX-USDT	152.92	0	get 0.0000% / 8h	4h 55m	$8K	$810K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against SoDEX. 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 SoDEXbpFee SunXbpOrdersPrice spread, now +0.223%Rate

Funding earned: −$10.5
Price spread: +0.223% → +0.083%: $13.95
Slippage, 4 orders: −$80.25
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$92.8
Costs to cover: 0.963%
Break-even: never at this rate

Slippage from SoDEX: live order book, 1 min ago; SunX: live order book, 40 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 SoDEX live order book, 1 min ago	0.33 bp	18.1 bp −$18	48.3 bp −$483	doesn't fit	doesn't fit
Sell SunX live order book, 40 min ago	21.93 bp	34.0 bp −$34	doesn't fit	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	152.54	−0.023%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0073%	8h	152.63	+0.033%	$2.0M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.56	−0.013%	$30.1M	$42.5M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.53	−0.033%	$96.2M	$30.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.59	+0.007%	$31.1M	$66.6M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.64	+0.039%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	152.92	+0.223%	$8K	$810K	10x
HTX SPCX-USDT	0.0000%	8h	152.70	+0.079%	$1.3M	$1.7M	75x	as long as short
Variational Omni SPCX	+0.0008%	8h	152.59	+0.010%	$5.9M	$2.7M	—	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.59	+0.006%	$7K	$7K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0029%	1h	152.52	−0.039%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.45	−0.085%	$1.5M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.42	−0.105%	$2.5M	$7.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.131%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.48	−0.066%	$102K	$293K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.58	0.000%	—	$1.2M	10x	as long as short
Binance SPCXUSDT	+0.0046%	8h	152.56	−0.013%	$251.7M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0048%	1h	152.51	−0.049%	$701K	$5.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.46	−0.079%	$128.1M	$129.8M	20x	as long as short
SoDEX SPCX-USDlong	+0.0050%	1h	152.58	long leg	$1.7M	$56K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.59	+0.007%	$531K	$377K	50x	as long as short
Paradex SPCX-USD-PERP	+0.0050%	8h	152.53	−0.035%	$101	—	5x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.53	−0.033%	$3.1M	$2.1M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.57	−0.007%	$43K	$1.4M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0082%	8h	152.58	0.000%	$39.8M	$167.9M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.44	−0.092%	$169K	$114K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.47	−0.072%	$13.0M	$6.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.62	+0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.62	+0.026%	$15K	$7K	10x	as long as short
RISEx SPCX/USDC	+0.0104%	1h	152.58	+0.003%	$351K	$482K	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.58	+0.001%	$88	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0118%	1h	152.63	+0.033%	$483K	$1.1M	10x	as long as short
Bullet SPCX-USD	+0.0156%	1h	152.64	+0.039%	$11K	$189K	10x	as long as short
Nado SPCX-PERP	+0.0157%	1h	152.55	−0.021%	$632K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.70	+0.079%	$735K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.64	+0.039%	$449K	$272K	15x	as long as short
Aster SPCXUSD1	+0.0416%	8h	152.69	+0.073%	$19.0M	$30.5M	20x	as long as short
edgeX SPCXUSDC	+0.0455%	4h	152.57	−0.004%	$1.7M	$889K	20x	as long as short