Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h +0.018%

Price spread now: Coinbase International against Aster−0.072%54s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.229% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

Price spread, last 3 days (all we have)−0.044%−$4 · spread now −0.072%, 7d avg −0.018%

Together, before fees+0.185%+ Points / potential airdropAster: Stage 5 · farm board+$18 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 Coinbase International is 0.055% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.018%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.228%, so the current rate has only just turned against you. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPCXUSD1	153.12	0.0384	pay 0.0384% / 8h	7h 12m	$19.0M	$18.3M	20x
Short	Coinbase International SPCX-PERP-INTX	153.01	0.0328	get 0.0041% / 1h	12m 31s	$731K	$977K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$11.77
Price spread: −0.072% → −0.018%: −$5.47
Slippage, 4 orders: −$4.94
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$40.18
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Coinbase International: live order book, 61 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 Aster live order book, 1 min ago	0.33 bp	4.4 bp −$4	6.6 bp −$66	doesn't fit	doesn't fit
Sell Coinbase International live order book, 61 min ago	1.96 bp	7.3 bp −$7	9.6 bp −$96	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 −0.0323% / S +0.0524%	1h	153.07	−0.030%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.08	−0.027%	$96.4M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.668%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.98	−0.092%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.29	+0.111%	$8K	$954K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.09	−0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	153.00	−0.081%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.02	−0.066%	$2.5M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.697%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.09	−0.020%	—	$1.2M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0048%	1h	153.04	−0.053%	$1.6M	$7.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.06	−0.040%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.08	−0.027%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.13	+0.006%	$534K	$407K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.131%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.06	−0.040%	$1.2M	$7.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	153.11	−0.004%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	153.02	−0.066%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.00	−0.079%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.072%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.13	+0.006%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.11	−0.004%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0122%	8h	153.13	+0.006%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDT	+0.0167%	8h	153.11	−0.007%	$30.9M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.02	−0.066%	$105K	$297K	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	153.05	−0.046%	$72K	$1.1M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0217%	8h	153.10	−0.014%	$39.3M	$169.1M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0222%	1h	153.05	−0.046%	$143.1M	$119.3M	20x	as long as short
Variational Omni SPCX	+0.0226%	8h	153.06	−0.039%	$6.0M	$3.5M	—	as long as short
Bullet SPCX-USD	+0.0231%	1h	153.10	−0.014%	$11K	$188K	10x	as long as short
Extended SPCX-USD	+0.0240%	1h	153.07	−0.036%	$734K	$3.9M	10x	as long as short
Nado SPCX-PERP	+0.0243%	1h	152.98	−0.089%	$620K	$852K	20x	as long as short
Binance SPCXUSDT	+0.0244%	8h	153.09	−0.020%	$252.8M	$1.38B	75x	as long as short
Bitget SPCXUSDT	+0.0300%	8h	153.13	+0.006%	$31.6M	$66.7M	75x	as long as short
Phoenix SPCX	+0.0314%	1h	153.08	−0.027%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0328%	1h	153.01	−0.072%	$731K	$977K	10x
edgeX SPCXUSDC	+0.0339%	4h	153.07	−0.035%	$1.7M	$894K	20x	as long as short
Aster SPCXUSD1long	+0.0384%	8h	153.12	long leg	$19.0M	$18.3M	20x
RISEx SPCX/USDC	+0.0409%	1h	153.13	+0.009%	$401K	$536K	20x	as long as short