Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.027%

Price spread now: tradeXYZ against SunX−0.184%52s7-day average −0.115% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.184%, 7d avg −0.115%

Together, before fees+0.089%+ Points / potential airdroptradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.068% cheaper against SunX than usual: you would sell low and buy high (spread −0.184% now, against its 7-day average of −0.115%). If the spread goes back, that is −$7 on $10k: about 4.6 days of funding at the current rate (+$2 a day). The two prices were read 52 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	SunX SPCX-USDT	152.52	0	get 0.0000% / 8h	57m 29s	$8K	$894K	10x
Short	tradeXYZ xyz:SPCX	152.24	0.0050	get 0.0006% / 1h	57m 29s	$130.0M	$129.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against SunX. 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 SunXbpFee tradeXYZbpOrdersPrice spread, now −0.184%Rate

Funding earned: $10.5
Price spread: −0.184% → −0.115%: −$6.83
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$22.33
Costs to cover: 0.260%
Break-even: 21.9 days

Slippage unknown: SunX: live order book, 65 min ago; tradeXYZ: live order book, 12 min ago. Net counts fees only.

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 SunX live order book, 65 min ago	21.92 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.33 bp	9.3 bp −$9	10.8 bp −$108	16.9 bp −$1,690	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 −0.0234% / S +0.0471%	1h	152.25	−0.174%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.31	−0.138%	$96.1M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.36	−0.105%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.119%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.37	−0.098%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	152.52	long leg	$8K	$894K	10x
HTX SPCX-USDT	0.0000%	8h	152.41	−0.072%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0015%	8h	152.34	−0.118%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0027%	8h	152.40	−0.079%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.28	−0.159%	$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	152.26	−0.170%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.25	−0.177%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.31	−0.138%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCXshort	+0.0050%	1h	152.24	−0.184%	$130.0M	$129.1M	20x
SoDEX SPCX-USD	+0.0050%	1h	152.29	−0.151%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.34	−0.118%	$530K	$375K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.17	−0.229%	$3.2M	$2.2M	10x	as long as short
Lighter SPCX	+0.0064%	1h	152.28	−0.157%	$1.6M	$7.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0066%	1h	152.31	−0.138%	$487K	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.29	−0.151%	$1.2M	$5.5M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.23	−0.190%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.20	−0.210%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.21	−0.203%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.36	−0.105%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.33	−0.126%	$88	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0123%	8h	152.31	−0.138%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0134%	8h	152.32	−0.132%	$5.9M	$2.8M	—	as long as short
Bullet SPCX-USD	+0.0140%	1h	152.33	−0.125%	$11K	$192K	10x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.29	−0.152%	$724K	$3.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.28	−0.157%	$90K	$1.3M	10x	as long as short
Binance SPCXUSDT	+0.0146%	8h	152.33	−0.125%	$251.9M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	152.34	−0.118%	$39.6M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0169%	1h	152.25	−0.177%	$627K	$804K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.35	−0.111%	$443K	$266K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	−0.118%	$725K	$931K	10x	as long as short
Aster SPCXUSD1	+0.0412%	8h	152.46	−0.039%	$18.9M	$28.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.77	+0.164%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.38	−0.092%	$392K	$507K	20x	as long as short
edgeX SPCXUSDC	+0.0884%	4h	152.33	−0.127%	$1.7M	$890K	20x	as long as short