Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.002%

Price spread now: Bybit against tradeXYZ+0.007%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days+0.065%+$7 · spread now +0.007%, 7d avg +0.080%

Together, before fees+0.130%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.073% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.080%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SPCX	152.95	0.0138	pay 0.0017% / 1h	37m 15s	$142.3M	$119.1M	20x
Short	Bybit SPCXUSDT	152.96	0.0055	get 0.0055% / 8h	6h 37m	$30.9M	$42.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$17.29
Price spread: +0.007% → +0.080%: −$7.34
Slippage, 4 orders: −$4.37
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$58
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 12 min ago; Bybit: live order book, 2 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, 12 min ago	0.33 bp	9.3 bp −$9	10.8 bp −$108	16.0 bp −$1,603	doesn't fit
Sell Bybit live order book, 2 min ago	0.33 bp	6.8 bp −$7	9.0 bp −$90	32.8 bp −$3,276	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 −0.0346% / S +0.0541%	1h	152.96	+0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.96	+0.007%	$96.0M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.796%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	−0.046%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.20	+0.163%	$8K	$948K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.02	+0.046%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.93	−0.013%	$72K	$1.1M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	−0.002%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.94	−0.007%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.92	−0.020%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.242%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.91	−0.026%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	+0.026%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.96	+0.007%	$1.2M	$6.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	−0.007%	$500K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.96	+0.007%	$1.7M	$89K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.96	+0.007%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.82	−0.085%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDTshort	+0.0055%	8h	152.96	+0.007%	$30.9M	$42.9M	100x
Paradex SPCX-USD-PERP	+0.0079%	8h	152.98	+0.017%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.88	−0.046%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.89	−0.039%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.065%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	+0.039%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	+0.007%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0116%	8h	153.03	+0.052%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0121%	1h	152.99	+0.026%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCXlong	+0.0138%	1h	152.95	long leg	$142.3M	$119.1M	20x
Bitget SPCXUSDT	+0.0186%	8h	153.03	+0.052%	$31.8M	$66.3M	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0192%	8h	153.00	+0.033%	$39.4M	$168.9M	75x	as long as short
Variational Omni SPCX	+0.0211%	8h	152.99	+0.027%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0221%	8h	152.98	+0.020%	$252.8M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.94	−0.007%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0240%	1h	152.91	−0.028%	$620K	$841K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.124%	$728K	$969K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.98	+0.020%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0389%	8h	153.07	+0.076%	$19.0M	$16.3M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.01	+0.042%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0965%	4h	152.93	−0.011%	$1.7M	$893K	20x	as long as short