Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h −0.023%

Price spread now: Aster against Coinbase International+0.020%54s7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as 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−$250.253% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now +0.020%, 7d avg +0.018%

Together, before fees−0.095%+ Points / potential airdropAster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.236%, so the current rate has only just turned in your favour. 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	Coinbase International SPCX-PERP-INTX	153.10	0.0248	pay 0.0031% / 1h	58m 30s	$738K	$926K	10x
Short	Aster SPCXUSD1	153.13	0.0416	get 0.0416% / 8h	3h 58m	$19.0M	$21.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.020%Rate

Funding earned: $35.36
Price spread: +0.020% → +0.018%: $0.15
Slippage, 4 orders: −$7.31
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $10.19
Costs to cover: 0.253%
Break-even: 5.0 days

Slippage from Coinbase International: live order book, 60 min ago; Aster: live order book, 5 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 Coinbase International live order book, 60 min ago	2.61 bp	8.4 bp −$8	12.4 bp −$124	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	0.33 bp	4.5 bp −$5	9.5 bp −$95	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 −0.0214% / S +0.0456%	1h	153.00	−0.069%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.05	−0.033%	$30.7M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.03	−0.046%	$96.3M	$31.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.08	−0.013%	$31.8M	$65.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.691%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.124%	$302K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.105%	$7K	$938K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.09	−0.007%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	153.04	−0.041%	$8K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0028%	8h	153.03	−0.046%	$1.9M	$1.4M	75x	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	152.93	−0.111%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.95	−0.098%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	−0.072%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.99	−0.072%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.00	−0.065%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.02	−0.052%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.170%	$3.2M	$2.5M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	153.02	−0.052%	$1.2M	$5.9M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0082%	8h	153.03	−0.046%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	−0.118%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	−0.091%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.04	−0.039%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.04	−0.039%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.01	−0.059%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0132%	8h	153.00	−0.066%	$6.0M	$2.9M	—	as long as short
Lighter SPCX	+0.0136%	1h	152.96	−0.091%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0144%	1h	153.00	−0.064%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0148%	8h	153.03	−0.046%	$248.0M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0152%	8h	153.05	−0.033%	$39.6M	$166.6M	75x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	153.05	−0.035%	$409K	$525K	20x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0248%	1h	153.10	long leg	$738K	$926K	10x
Nado SPCX-PERP	+0.0258%	1h	152.88	−0.142%	$616K	$815K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	153.01	−0.059%	$445K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0303%	1h	153.05	−0.031%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0315%	1h	153.00	−0.065%	$141.4M	$119.2M	20x	as long as short
Aster SPCXUSD1short	+0.0416%	8h	153.13	+0.020%	$19.0M	$21.6M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	153.32	+0.144%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0470%	1h	152.98	−0.078%	$84K	$1.2M	10x	as long as short
edgeX SPCXUSDC	+0.0914%	4h	153.00	−0.063%	$1.7M	$893K	20x	as long as short