Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Phemex against StandX−0.092%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$540.537% of the position

Long on StandX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.092%, 7d avg −0.059%

Together, before fees−0.027%+ Points / potential airdropStandX: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.033% cheaper against StandX than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.059%). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX SPCX-USD	152.72	0	get 0.0000% / 1h	45m 22s	$306K	$2.6M	20x
Short	Phemex SPCXUSDT	152.58	0.0050	get 0.0050% / 8h	5h 45m	$533K	$369K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against StandX. 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 StandXbpFee PhemexbpOrdersPrice spread, now −0.092%Rate

Funding earned: $10.5
Price spread: −0.092% → −0.059%: −$3.31
Slippage, 4 orders: −$33.66
Fee StandX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$46.48
Costs to cover: 0.537%
Break-even: 38.0 days

Slippage from StandX: live order book, 2 min ago; Phemex: live order book, 65 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 StandX live order book, 2 min ago	3.60 bp	8.2 bp −$8	13.2 bp −$132	doesn't fit	doesn't fit
Sell Phemex live order book, 65 min ago	0.66 bp	10.9 bp −$11	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	152.56	−0.101%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0057%	8h	152.69	−0.020%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.65	−0.046%	$30.1M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.63	−0.059%	$96.2M	$32.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.68	−0.026%	$31.0M	$67.0M	75x	as long as short
StandX SPCX-USDlong	0.0000%	1h	152.72	long leg	$306K	$2.6M	20x
SunX SPCX-USDT	0.0000%	8h	152.89	+0.111%	$8K	$817K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.58	−0.092%	$44K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.76	+0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.61	−0.070%	$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	+0.0030%	1h	152.62	−0.065%	$1.2M	$5.4M	10x	as long as short
Variational Omni SPCX	+0.0030%	8h	152.62	−0.068%	$5.9M	$2.7M	—	as long as short
Lighter SPCX	+0.0032%	1h	152.57	−0.098%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.55	−0.111%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.039%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.56	−0.105%	$103K	$294K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.61	−0.072%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.55	−0.111%	$128.3M	$129.7M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.61	−0.072%	$1.7M	$101K	20x	as long as short
Phemex SPCXUSDTshort	+0.0050%	8h	152.58	−0.092%	$533K	$369K	50x
Paradex SPCX-USD-PERP	+0.0050%	8h	152.60	−0.076%	$101	—	5x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.51	−0.138%	$3.0M	$2.1M	10x	as long as short
RISEx SPCX/USDC	+0.0051%	1h	152.69	−0.016%	$351K	$510K	20x	as long as short
Bullet SPCX-USD	+0.0060%	1h	152.66	−0.040%	$12K	$191K	10x	as long as short
Binance SPCXUSDT	+0.0061%	8h	152.64	−0.050%	$251.7M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0064%	1h	152.59	−0.084%	$728K	$5.4M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0085%	8h	152.67	−0.033%	$39.4M	$168.5M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0097%	1h	152.66	−0.039%	$486K	$1.1M	10x	as long as short
Nado SPCX-PERP	+0.0099%	1h	152.58	−0.095%	$633K	$806K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.53	−0.124%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.61	−0.072%	$13.0M	$6.2M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.71	−0.007%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.67	−0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.61	−0.069%	$89	—	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0136%	1h	152.70	−0.013%	$735K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.68	−0.026%	$448K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0400%	8h	152.83	+0.072%	$19.0M	$30.6M	20x	as long as short
edgeX SPCXUSDC	+0.0710%	4h	152.65	−0.043%	$1.7M	$891K	20x	as long as short