SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0211%/8h= +23.1% APRnext payment +$0.26 per $10,000 · paid last 24h +0.027%

Price spread now: Coinbase International against Bullet−0.095%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Bullet Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.095%, 7d avg −0.004%

Together, before fees+0.290%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.090% cheaper against Bullet than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of −0.004%). If the spread goes back, that is −$9 on $10k: about 34 hours of funding at the current rate (+$6 a day). At the pace of the last 4 days (+0.071% in total) that is about 4.5 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.071% in total (about 7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SPCX-USD	152.27	0.0069	pay 0.0009% / 1h	38m 54s	$11K	$192K	10x
Short	Coinbase International SPCX-PERP-INTX	152.13	0.0280	get 0.0035% / 1h	38m 54s	$693K	$992K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bullet. 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 BulletbpFee Coinbase InternationalbpOrdersPrice spread, now −0.095%Rate

Funding earned: $44.35
Price spread: −0.095% → −0.004%: −$9.03
Slippage, 4 orders: −$10.43
Fee Bullet: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $6.89
Costs to cover: 0.284%
Break-even: 5.9 days

Slippage from Bullet: live order book, 60 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 Bullet live order book, 60 min ago	0.33 bp	5.5 bp −$6	20.1 bp −$201	doesn't fit	doesn't fit
Sell Coinbase International live order book, 59 min ago	2.95 bp	9.4 bp −$9	11.8 bp −$118	doesn't fit	doesn't fit

SPCX on 38 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	152.18	−0.065%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0014%	8h	152.27	−0.003%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.24	−0.023%	$30.4M	$43.0M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.20	−0.049%	$96.2M	$32.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.24	−0.023%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.28	+0.004%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.50	+0.148%	$8K	$857K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.22	−0.036%	$86K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.29	+0.010%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.18	−0.064%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.17	−0.069%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.16	−0.075%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.22	−0.036%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.17	−0.069%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.23	−0.029%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.14	−0.088%	$129.8M	$129.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.12	−0.101%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.20	−0.049%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.20	−0.049%	$529K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.11	−0.108%	$3.2M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	152.22	−0.035%	$100	—	5x	as long as short
Bullet SPCX-USDlong	+0.0069%	1h	152.27	long leg	$11K	$192K	10x
Nado SPCX-PERP	+0.0077%	1h	152.16	−0.078%	$635K	$813K	20x	as long as short
Variational Omni SPCX	+0.0087%	8h	152.24	−0.023%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.16	−0.075%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.16	−0.075%	$12.9M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.17	−0.069%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.29	+0.010%	$14K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.19	−0.055%	$725K	$5.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.23	−0.029%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0106%	8h	152.24	−0.023%	$253.2M	$1.37B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0119%	8h	152.25	−0.016%	$39.4M	$167.3M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.28	+0.007%	$381K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.24	−0.023%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0280%	1h	152.13	−0.095%	$693K	$992K	10x
Aster SPCXUSD1	+0.0382%	8h	152.37	+0.063%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.57	+0.194%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0644%	4h	152.23	−0.027%	$1.7M	$889K	20x	as long as short