Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.036%

Price spread now: Coinbase International against Binance−0.067%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.261%+$26 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.067%, 7d avg −0.009%

Together, before fees+0.238%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.058% cheaper against Binance than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of −0.009%). If the spread goes back, that is −$6 on $10k: about 39 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	152.54	0.0131	pay 0.0131% / 8h	2h 54m	$250.7M	$1.36B	75x
Short	Coinbase International SPCX-PERP-INTX	152.44	0.0248	get 0.0031% / 1h	54m 14s	$739K	$931K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.067%Rate

Funding earned: $24.6
Price spread: −0.067% → −0.009%: −$5.78
Slippage, 4 orders: −$6.81
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$7.99
Costs to cover: 0.268%
Break-even: 9.3 days

Slippage from Binance: live order book, 5 min ago; Coinbase International: live order book, 59 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 Binance live order book, 5 min ago	0.33 bp	5.3 bp −$5	6.2 bp −$62	11.3 bp −$1,131	21.7 bp −$10.9K
Sell Coinbase International live order book, 59 min ago	2.94 bp	7.9 bp −$8	8.5 bp −$85	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 −0.0224% / S +0.0463%	1h	152.43	−0.077%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.53	−0.008%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.50	−0.028%	$96.2M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.57	+0.018%	$31.4M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.101%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.54	−0.002%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.76	+0.143%	$8K	$915K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.56	+0.012%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0010%	8h	152.55	+0.005%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.36	−0.122%	$7K	$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	152.40	−0.093%	$2.5M	$7.2M	20x	as long as short
Lighter SPCX	+0.0040%	1h	152.45	−0.061%	$1.6M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.42	−0.080%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.49	−0.034%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.49	−0.034%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.40	−0.093%	$131.0M	$128.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.47	−0.047%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.52	−0.015%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.55	+0.005%	$531K	$387K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.34	−0.133%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0059%	8h	152.54	−0.004%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.43	−0.074%	$169K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.37	−0.113%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.061%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.51	−0.021%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.50	−0.029%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0122%	8h	152.52	−0.016%	$6.0M	$2.9M	—	as long as short
Extended SPCX-USD	+0.0128%	1h	152.50	−0.029%	$731K	$4.6M	10x	as long as short
Binance SPCXUSDTlong	+0.0131%	8h	152.54	long leg	$250.7M	$1.36B	75x
OKX SPCX-USDT-SWAP	+0.0141%	8h	152.56	+0.012%	$39.4M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0157%	1h	152.40	−0.096%	$614K	$804K	20x	as long as short
Bullet SPCX-USD	+0.0228%	1h	152.55	+0.005%	$11K	$193K	10x	as long as short
edgeX SPCXUSDC	+0.0228%	4h	152.47	−0.048%	$1.7M	$891K	20x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.53	−0.011%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0248%	1h	152.44	−0.067%	$739K	$931K	10x
Phoenix SPCX	+0.0261%	1h	152.48	−0.041%	$443K	$266K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0341%	1h	152.47	−0.047%	$87K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0399%	8h	152.57	+0.019%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.67	+0.084%	$9K	$28K	5.5x	as long as short