Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0079%/8h= −8.7% APRpaid last 24h +0.009%

Price spread now: KuCoin against tradeXYZ−0.046%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days+0.061%+$6 · spread now −0.046%, 7d avg +0.034%

Together, before fees+0.076%+ Points / potential airdroptradeXYZ: Active · farm board+$8 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 KuCoin is 0.080% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.034%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SPCX	153.01	0.0179	pay 0.0022% / 1h	0m 23s	$142.0M	$118.9M	20x
Short	KuCoin SPCXUSDTM	152.94	0.0100	get 0.0100% / 8h	5h 00m	$13.0M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$16.66
Price spread: −0.046% → +0.034%: −$7.97
Slippage, 4 orders: −$15.67
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$70.3
Costs to cover: 0.457%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; KuCoin: 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, 9 min ago	0.33 bp	9.3 bp −$9	10.3 bp −$103	16.5 bp −$1,649	doesn't fit
Sell KuCoin live order book, 3 min ago	0.98 bp	13.5 bp −$13	36.0 bp −$360	doesn't fit	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 −0.0333% / S +0.0531%	1h	153.03	+0.010%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.05	+0.026%	$96.2M	$31.4M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.09	+0.052%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.752%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.00	−0.007%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.30	+0.190%	$8K	$936K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	153.00	−0.007%	$73K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.08	+0.046%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0012%	8h	153.07	+0.039%	$30.8M	$42.9M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.98	−0.018%	$8K	$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	152.99	−0.013%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.99	−0.013%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.06	+0.033%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.03	+0.013%	$1.2M	$6.4M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.00	−0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	+0.026%	$1.7M	$94K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.05	+0.026%	$533K	$399K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.94	−0.046%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0057%	8h	153.08	+0.046%	$1.9M	$1.4M	75x	as long as short
Lighter SPCX	+0.0064%	1h	153.03	+0.013%	$1.6M	$7.2M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0073%	8h	153.07	+0.037%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.94	−0.046%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.94	−0.046%	$13.0M	$5.5M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	153.08	+0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.05	+0.026%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	+0.024%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0163%	8h	153.05	+0.029%	$6.0M	$3.1M	—	as long as short
Bullet SPCX-USD	+0.0165%	1h	153.07	+0.039%	$11K	$191K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0170%	8h	153.08	+0.046%	$39.5M	$167.1M	75x	as long as short
Extended SPCX-USD	+0.0176%	1h	153.03	+0.010%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0176%	8h	153.08	+0.045%	$252.6M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCXlong	+0.0179%	1h	153.01	long leg	$142.0M	$118.9M	20x
RISEx SPCX/USDC	+0.0199%	1h	153.09	+0.056%	$410K	$530K	20x	as long as short
Nado SPCX-PERP	+0.0213%	1h	152.99	−0.016%	$617K	$826K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	+0.020%	$738K	$979K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.06	+0.033%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0414%	8h	153.13	+0.075%	$19.0M	$17.7M	20x	as long as short
edgeX SPCXUSDC	+0.0427%	4h	153.00	−0.003%	$1.7M	$893K	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.176%	$9K	$27K	5.5x	as long as short