Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0280%/8h= −30.7% APRpaid last 24h −0.066%

Price spread now: HTX against Coinbase International+0.112%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.318%−$32 on $10k

Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.112%, 7d avg +0.006%

Together, before fees−0.515%−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.105% dearer against Coinbase International than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of +0.006%): +$11 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SPCX-PERP-INTX	152.03	0.0280	pay 0.0035% / 1h	23m 55s	$693K	$997K	10x
Short	HTX SPCX-USDT	152.20	0	get 0.0000% / 8h	7h 23m	$1.3M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$58.8
Price spread: +0.112% → +0.006%: $10.53
Slippage, 4 orders: −$13.14
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$83.41
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 9 min ago; HTX: 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, 9 min ago	2.30 bp	7.4 bp −$7	11.8 bp −$118	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	1.64 bp	11.2 bp −$11	12.7 bp −$127	17.9 bp −$1,788	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	152.09	+0.043%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0021%	8h	152.09	+0.039%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.22	+0.125%	$30.4M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.17	+0.092%	$96.2M	$32.4M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.26	+0.151%	$31.0M	$66.9M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.12	+0.059%	$299K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.29	+0.171%	$8K	$849K	10x	as long as short
HTX SPCX-USDTshort	0.0000%	8h	152.20	+0.112%	$1.3M	$1.7M	75x
Aftermath Perps SPCXUSD	+0.0020%	1h	151.96	−0.049%	$7K	$7K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.17	+0.092%	$1.6M	$7.4M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.14	+0.072%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.15	+0.079%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.07	+0.026%	$102K	$293K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.12	+0.059%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.13	+0.066%	$129.6M	$129.6M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.06	+0.020%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.16	+0.086%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.17	+0.092%	$530K	$364K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	151.96	−0.046%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	152.14	+0.073%	$100	—	5x	as long as short
Variational Omni SPCX	+0.0077%	8h	151.99	−0.029%	$5.9M	$2.8M	—	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0079%	1h	152.21	+0.118%	$85K	$1.4M	10x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.17	+0.091%	$725K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0099%	8h	152.21	+0.118%	$254.4M	$1.37B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.04	+0.007%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.10	+0.046%	$12.9M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.10	+0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.19	+0.105%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.14	+0.073%	$88	—	10x	as long as short
Nado SPCX-PERP	+0.0111%	1h	152.06	+0.019%	$635K	$812K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0114%	8h	152.22	+0.125%	$39.2M	$167.9M	75x	as long as short
Bullet SPCX-USD	+0.0134%	1h	152.21	+0.117%	$10K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.14	+0.075%	$380K	$507K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.00	−0.020%	$446K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0280%	1h	152.03	long leg	$693K	$997K	10x
Aster SPCXUSD1	+0.0382%	8h	152.28	+0.164%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.316%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0607%	4h	152.01	−0.010%	$1.7M	$889K	20x	as long as short