SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0222%/8h= +24.3% APRnext payment +$0.28 per $10,000 · paid last 24h −0.001%

Price spread now: Deribit against Coinbase International−0.013%7-day average −0.003% · 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−$35as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.089%−$9 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.013%, 7d avg −0.003%

Together, before fees−0.112%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair cost −0.089%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.089% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 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	Coinbase International SPCX-PERP-INTX	152.90	0.0248	pay 0.0031% / 1h	52m 21s	$741K	$939K	10x
Short	Deribit SPCX_USDC-PERPETUAL	152.88	0.0470	get 0.0059% / 1h	52m 21s	$84K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.013%Rate

Funding earned: $46.63
Price spread: −0.013% → −0.003%: −$1.01
Slippage, 4 orders: −$17.11
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $11.51
Costs to cover: 0.341%
Break-even: 5.3 days

Slippage from Coinbase International: live order book, 1 min ago; Deribit: live order book, 2 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, 1 min ago	2.94 bp	8.2 bp −$8	11.6 bp −$116	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	4.91 bp	9.0 bp −$9	11.2 bp −$112	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	152.90	−0.003%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.90	0.000%	$96.1M	$31.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.97	+0.046%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.839%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	+0.033%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.17	+0.177%	$7K	$935K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.98	+0.052%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0004%	8h	152.94	+0.026%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.93	+0.021%	$7K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0031%	8h	152.94	+0.026%	$1.9M	$1.3M	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	152.85	−0.033%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.87	−0.020%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.88	−0.013%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.88	−0.013%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.90	0.000%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.92	+0.013%	$532K	$390K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.80	−0.065%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.89	−0.007%	$1.2M	$5.9M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0091%	8h	152.93	+0.018%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.83	−0.046%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.84	−0.039%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.033%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.95	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.92	+0.011%	$89	—	10x	as long as short
Lighter SPCX	+0.0136%	1h	152.88	−0.013%	$1.6M	$7.3M	20x	as long as short
Variational Omni SPCX	+0.0136%	8h	152.96	+0.038%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0151%	8h	152.93	+0.018%	$248.1M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.88	−0.012%	$734K	$3.8M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0154%	8h	152.94	+0.026%	$39.6M	$166.2M	75x	as long as short
edgeX SPCXUSDC	+0.0209%	4h	152.92	+0.014%	$1.7M	$892K	20x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.96	+0.039%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0248%	1h	152.90	long leg	$741K	$939K	10x
Nado SPCX-PERP	+0.0257%	1h	152.79	−0.071%	$615K	$813K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.95	+0.033%	$445K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0280%	1h	152.92	+0.016%	$12K	$193K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0291%	1h	152.89	−0.007%	$141.3M	$119.1M	20x	as long as short
Aster SPCXUSD1	+0.0422%	8h	153.02	+0.080%	$19.0M	$21.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.32	+0.275%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUALshort	+0.0470%	1h	152.88	−0.013%	$84K	$1.2M	10x