Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0256%/8h= −28.0% APRpaid last 24h −0.052%

Price spread now: Gate against Coinbase International0.000%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.306%−$31 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now 0.000%, 7d avg −0.029%

Together, before fees−0.418%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.029% dearer against Coinbase International than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.029%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SPCX-PERP-INTX	153.01	0.0256	pay 0.0032% / 1h	38m 47s	$738K	$980K	10x
Short	Gate SPCX_USDT	153.01	0	get 0.0000% / 8h	5h 38m	$96.1M	$31.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$53.76
Price spread: 0.000% → −0.029%: $2.91
Slippage, 4 orders: −$14.04
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$89.88
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 25 min ago; Gate: 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, 25 min ago	2.62 bp	8.1 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.65 bp	11.3 bp −$11	16.3 bp −$163	32.9 bp −$3,285	51.5 bp −$25.8K

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 −0.0333% / S +0.0531%	1h	153.00	−0.010%	$88K	—	20x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	153.01	0.000%	$96.1M	$31.3M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.754%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.96	−0.033%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.22	+0.137%	$8K	$940K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.96	−0.033%	$72K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.05	+0.026%	$1.3M	$1.7M	75x	as long as short
Bitget SPCXUSDT	+0.0011%	8h	153.07	+0.039%	$31.7M	$66.1M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.94	−0.044%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.99	−0.013%	$1.6M	$7.2M	20x	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	152.96	−0.033%	$2.5M	$7.2M	20x	as long as short
Bybit SPCXUSDT	+0.0037%	8h	153.03	+0.013%	$30.8M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.94	−0.046%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.00	−0.007%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.96	−0.033%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.95	−0.039%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.00	−0.007%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	−0.007%	$534K	$403K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.80	−0.137%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0070%	8h	153.03	+0.013%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0073%	8h	153.04	+0.019%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	−0.059%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.95	−0.039%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.02	+0.007%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.02	+0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.00	−0.007%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0132%	1h	153.03	+0.013%	$11K	$190K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0179%	8h	153.05	+0.026%	$39.5M	$167.8M	75x	as long as short
Variational Omni SPCX	+0.0179%	8h	153.01	−0.003%	$6.0M	$3.1M	—	as long as short
tradeXYZ xyz:SPCX	+0.0183%	1h	152.99	−0.013%	$142.1M	$119.4M	20x	as long as short
Binance SPCXUSDT	+0.0189%	8h	153.04	+0.020%	$252.7M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0192%	1h	152.99	−0.014%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0193%	1h	152.94	−0.044%	$622K	$831K	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.04	+0.016%	$408K	$549K	20x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0256%	1h	153.01	long leg	$738K	$980K	10x
Phoenix SPCX	+0.0262%	1h	153.02	+0.007%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0404%	8h	153.09	+0.055%	$19.0M	$16.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.176%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0612%	4h	153.00	−0.007%	$1.7M	$891K	20x	as long as short