Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.003%

Price spread now: Orderly against tradeXYZ+0.085%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.085% dearer against tradeXYZ than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SPCX	152.25	−0.0007	get 0.0001% / 1h	59m 04s	$129.7M	$129.4M	20x
Short	Orderly PERP_SPCX_USDC_mythos	152.38	0.0100	get 0.0100% / 8h	7h 59m	$14K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.085%Rate

Funding earned: $22.37
Price spread: +0.085% → 0.000%: $8.54
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Orderly: 3 bp × 2 orders: −$6
Net: $6.9
Costs to cover: 0.240%
Break-even: 4.8 days

Slippage unknown: tradeXYZ: live order book, 11 min ago; Orderly: no order-book sample. 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 tradeXYZ live order book, 11 min ago	0.33 bp	9.3 bp −$9	9.5 bp −$95	13.1 bp −$1,315	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0187% / S +0.0435%	1h	152.25	+0.003%	$90K	—	20x	as long as short
tradeXYZ xyz:SPCXlong	−0.0007%	1h	152.25	long leg	$129.7M	$129.4M	20x
BloFin SPCX-USDT	−0.0005%	8h	152.39	+0.092%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.32	+0.046%	$30.6M	$42.8M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.28	+0.020%	$96.2M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.28	+0.020%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.314%	$4K	$882	10x	as long as short
Nado SPCX-PERP	0.0000%	1h	152.36	+0.073%	$632K	$804K	20x	as long as short
StandX SPCX-USD	0.0000%	1h	152.34	+0.059%	$300K	$2.6M	20x	as long as short
Bullet SPCX-USD	0.0000%	1h	152.33	+0.054%	$11K	$192K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SPCX-USDT	0.0000%	8h	152.57	+0.210%	$8K	$887K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.36	+0.072%	$1.3M	$1.8M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.32	+0.046%	$89K	$1.4M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.21	−0.024%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.25	0.000%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.25	0.000%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.53	+0.184%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.36	+0.072%	$102K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.35	+0.066%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.40	+0.099%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.30	+0.033%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.28	+0.020%	$529K	$370K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.17	−0.053%	$3.2M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0070%	8h	152.47	+0.144%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0098%	8h	152.27	+0.016%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.26	+0.007%	$168K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.24	−0.007%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.36	+0.072%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythosshort	+0.0100%	8h	152.38	+0.085%	$14K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	152.34	+0.061%	$88	—	10x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.32	+0.045%	$723K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0115%	8h	152.29	+0.027%	$253.2M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0129%	8h	152.29	+0.026%	$39.7M	$166.6M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.40	+0.099%	$381K	$506K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.34	+0.059%	$728K	$930K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.32	+0.046%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0384%	8h	152.43	+0.118%	$18.9M	$30.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.53	+0.184%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0952%	4h	152.33	+0.053%	$1.7M	$891K	20x	as long as short