Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0111%/8h= −12.1% APRpaid last 24h −0.032%

Price spread now: BloFin against tradeXYZ+0.052%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.052%, 7d avg +0.063%

Together, before fees−0.260%+ Points / potential airdroptradeXYZ: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.063%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SPCX	152.60	0.0050	pay 0.0006% / 1h	42m 40s	$128.3M	$129.7M	20x
Short	BloFin SPCX-USDT	152.68	−0.0061	pay 0.0061% / 8h	5h 42m	$1.9M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against tradeXYZ. 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 tradeXYZbpFee BloFinbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$23.29
Price spread: +0.052% → +0.063%: −$1.03
Slippage, 4 orders: −$3.27
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$57.59
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; BloFin: 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 tradeXYZ live order book, 10 min ago	0.65 bp	9.7 bp −$10	10.9 bp −$109	14.7 bp −$1,470	doesn't fit
Sell BloFin live order book, 3 min ago	0.98 bp	7.0 bp −$7	8.0 bp −$80	9.7 bp −$968	15.4 bp −$7,709

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	152.60	+0.003%	$90K	—	20x	as long as short
BloFin SPCX-USDTshort	−0.0061%	8h	152.68	+0.052%	$1.9M	$1.2M	75x
Bybit SPCXUSDT	0.0000%	8h	152.70	+0.066%	$30.1M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.67	+0.046%	$96.3M	$32.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.73	+0.085%	$31.0M	$67.0M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.67	+0.046%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.89	+0.190%	$8K	$817K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.60	0.000%	$44K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.71	+0.072%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.61	+0.008%	$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	152.63	+0.020%	$1.2M	$5.4M	10x	as long as short
Variational Omni SPCX	+0.0030%	8h	152.62	+0.011%	$5.9M	$2.7M	—	as long as short
Lighter SPCX	+0.0032%	1h	152.62	+0.013%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.60	0.000%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.118%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.61	+0.007%	$103K	$294K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.62	+0.013%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCXlong	+0.0050%	1h	152.60	long leg	$128.3M	$129.7M	20x
SoDEX SPCX-USD	+0.0050%	1h	152.66	+0.039%	$1.7M	$100K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	+0.013%	$533K	$370K	50x	as long as short
Paradex SPCX-USD-PERP	+0.0050%	8h	152.68	+0.050%	$101	—	5x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.57	−0.020%	$3.0M	$2.1M	10x	as long as short
RISEx SPCX/USDC	+0.0051%	1h	152.70	+0.066%	$351K	$510K	20x	as long as short
Extended SPCX-USD	+0.0056%	1h	152.64	+0.026%	$728K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0057%	8h	152.70	+0.063%	$251.8M	$1.38B	75x	as long as short
Bullet SPCX-USD	+0.0075%	1h	152.69	+0.059%	$12K	$191K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0083%	8h	152.72	+0.079%	$39.4M	$168.4M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0100%	1h	152.66	+0.039%	$486K	$1.1M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.60	0.000%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.60	0.000%	$13.0M	$6.2M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.57	−0.020%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.67	+0.046%	$15K	$7K	10x	as long as short
Nado SPCX-PERP	+0.0103%	1h	152.60	+0.001%	$633K	$806K	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.65	+0.032%	$89	—	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0136%	1h	152.70	+0.066%	$735K	$1.1M	10x	as long as short
edgeX SPCXUSDC	+0.0184%	4h	152.62	+0.011%	$1.7M	$891K	20x	as long as short
Phoenix SPCX	+0.0209%	1h	152.64	+0.026%	$448K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0399%	8h	152.83	+0.153%	$19.0M	$30.6M	20x	as long as short