Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.022%

Price spread now: Gate against Aftermath Perps+0.049%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.049% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps SPCXUSD	152.50	0.0024	pay 0.0003% / 1h	33m 25s	$7K	$10K	10x
Short	Gate SPCX_USDT	152.57	0	get 0.0000% / 8h	2h 33m	$96.4M	$31.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aftermath Perps. 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 Aftermath PerpsbpFee GatebpOrdersPrice spread, now +0.049%Rate

Funding earned: −$4.99
Price spread: +0.049% → 0.000%: $4.88
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$24.11
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Gate: live order book, 6 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Gate live order book, 6 min ago	0.98 bp	12.3 bp −$12	17.0 bp −$170	35.6 bp −$3,558	55.3 bp −$27.7K

Aftermath Perps: 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 −0.0271% / S +0.0488%	1h	152.53	+0.026%	$88K	—	20x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.57	+0.049%	$96.4M	$31.0M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+13.119%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.60	+0.068%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.77	+0.180%	$8K	$989K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.59	+0.062%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSDlong	+0.0024%	1h	152.50	long leg	$7K	$10K	10x
Lighter RH SPCX	+0.0032%	1h	152.52	+0.016%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.118%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.57	+0.049%	—	$1.0M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps SPCX-USD	+0.0050%	1h	152.53	+0.023%	$488K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.59	+0.062%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.59	+0.062%	$542K	$402K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.46	−0.023%	$3.1M	$2.6M	10x	as long as short
BloFin SPCX-USDT	+0.0056%	8h	152.62	+0.082%	$1.9M	$1.4M	75x	as long as short
QFEX SPCX-USD	+0.0057%	1h	152.57	+0.049%	$1.2M	$7.6M	10x	as long as short
Lighter SPCX	+0.0072%	1h	152.54	+0.029%	$1.6M	$7.3M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.53	+0.023%	$70K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0088%	8h	152.59	+0.064%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.52	+0.016%	$175K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.45	−0.030%	$13.0M	$5.2M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.61	+0.075%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.58	+0.055%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.61	+0.077%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0129%	8h	152.62	+0.082%	$30.7M	$42.2M	100x	as long as short
Variational Omni SPCX	+0.0147%	8h	152.58	+0.055%	$6.1M	$4.3M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0148%	8h	152.60	+0.068%	$39.0M	$167.9M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0176%	1h	152.54	+0.029%	$129.9M	$107.1M	20x	as long as short
Extended SPCX-USD	+0.0176%	1h	152.59	+0.063%	$715K	$3.6M	10x	as long as short
Bullet SPCX-USD	+0.0178%	1h	152.59	+0.062%	$12K	$190K	10x	as long as short
Binance SPCXUSDT	+0.0180%	8h	152.61	+0.075%	$256.0M	$1.38B	75x	as long as short
Aster SPCXUSD1	+0.0206%	8h	152.64	+0.097%	$19.0M	$21.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.16	−0.220%	$739K	$963K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.51	+0.009%	$370K	$191K	15x	as long as short
Arcus SPCX-USD	+0.0293%	1h	152.54	+0.029%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0302%	1h	152.45	−0.028%	$624K	$878K	20x	as long as short
Bitget SPCXUSDT	+0.0327%	8h	152.60	+0.068%	$31.2M	$66.3M	75x	as long as short
edgeX SPCXUSDC	+0.0376%	4h	152.58	+0.057%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0462%	1h	152.63	+0.085%	$383K	$543K	20x	as long as short