Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0261%/8h= −28.6% APRpaid last 24h −0.034%

Price spread now: edgeX against Coinbase International+0.065%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs+$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.460%+$46 on $10k

Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.065%, 7d avg −0.002%

Together, before fees+0.417%+ Points / potential airdropedgeX: Active · farm board+$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.067% dearer against Coinbase International than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of −0.002%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 21 hours. Mind the row above: over the last 7 days funding on this pair paid +0.460%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SPCX-PERP-INTX	152.97	0.0288	pay 0.0036% / 1h	21m 33s	$738K	$983K	10x
Short	edgeX SPCXUSDC	153.07	0.0027	get 0.0013% / 4h	2h 21m	$1.7M	$893K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$54.82
Price spread: +0.065% → −0.002%: $6.73
Slippage, 4 orders: −$9.62
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$76.71
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 47 min ago; edgeX: 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, 47 min ago	2.94 bp	8.1 bp −$8	10.7 bp −$107	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	1.63 bp	6.1 bp −$6	7.4 bp −$74	21.7 bp −$2,166	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 −0.0344% / S +0.0539%	1h	153.06	+0.062%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.07	+0.065%	$96.0M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.783%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.98	+0.007%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.36	+0.255%	$8K	$946K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.13	+0.105%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.96	−0.005%	$7K	$8K	10x	as long as short
edgeX SPCXUSDCshort	+0.0027%	4h	153.07	+0.065%	$1.7M	$893K	20x
Lighter SPCX	+0.0032%	1h	153.05	+0.052%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.02	+0.033%	$2.5M	$7.3M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.229%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	+0.026%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.05	+0.052%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.05	+0.052%	$1.2M	$6.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.05	+0.052%	$501K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	+0.065%	$1.7M	$90K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.09	+0.078%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−0.039%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDT	+0.0086%	8h	153.12	+0.098%	$30.8M	$43.0M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0089%	8h	153.12	+0.097%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.97	0.000%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.01	+0.026%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.14	+0.111%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.09	+0.078%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.09	+0.080%	$89	—	10x	as long as short
Bitget SPCXUSDT	+0.0146%	8h	153.13	+0.105%	$31.9M	$66.2M	75x	as long as short
Bullet SPCX-USD	+0.0169%	1h	153.11	+0.092%	$11K	$189K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0180%	1h	153.05	+0.052%	$142.4M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0197%	8h	153.11	+0.092%	$39.4M	$169.0M	75x	as long as short
Variational Omni SPCX	+0.0207%	8h	153.07	+0.065%	$6.0M	$3.3M	—	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	153.04	+0.046%	$72K	$1.1M	10x	as long as short
Binance SPCXUSDT	+0.0222%	8h	153.10	+0.085%	$252.9M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	153.05	+0.052%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0244%	1h	152.99	+0.013%	$622K	$838K	20x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0288%	1h	152.97	long leg	$738K	$983K	10x
Phoenix SPCX	+0.0314%	1h	153.07	+0.065%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.13	+0.106%	$19.0M	$14.8M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.12	+0.101%	$408K	$539K	20x	as long as short