Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.022%

Price spread now: KuCoin against Coinbase International−0.065%51s7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as 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−$420.423% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.314%−$31 on $10k

Price spread, last 4 days (all we have)+0.268%+$27 · spread now −0.065%, 7d avg −0.044%

Together, before fees−0.045%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.022% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.044%). Swap the legs. The two prices were read 51 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	153.04	0.0256	pay 0.0032% / 1h	6m 28s	$738K	$979K	10x
Short	KuCoin SPCXUSDTM	152.94	0.0100	get 0.0100% / 8h	5h 06m	$13.0M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$32.76
Price spread: −0.065% → −0.044%: −$2.17
Slippage, 4 orders: −$20.27
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$77.2
Costs to cover: 0.423%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 57 min ago; KuCoin: 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, 57 min ago	2.62 bp	8.1 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	0.98 bp	12.0 bp −$12	36.4 bp −$364	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 −0.0333% / S +0.0531%	1h	153.01	−0.016%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.02	−0.013%	$96.2M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.08	+0.026%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.732%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.96	−0.052%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.24	+0.131%	$8K	$936K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.07	+0.020%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0023%	8h	153.05	+0.007%	$30.8M	$42.9M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.99	−0.033%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.98	−0.039%	$2.5M	$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
Arcus SPCX-USD	+0.0040%	1h	152.97	−0.046%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.02	−0.013%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.02	−0.013%	$1.2M	$6.4M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.99	−0.033%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.02	−0.013%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.04	0.000%	$533K	$400K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.88	−0.105%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0061%	8h	153.06	+0.013%	$1.9M	$1.4M	75x	as long as short
Lighter SPCX	+0.0064%	1h	153.01	−0.020%	$1.6M	$7.2M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0076%	8h	153.05	+0.009%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.99	−0.033%	$73K	$1.2M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.95	−0.059%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.94	−0.065%	$13.0M	$5.4M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.95	−0.059%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.04	0.000%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.04	−0.002%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0170%	8h	153.03	−0.010%	$6.0M	$3.1M	—	as long as short
Bullet SPCX-USD	+0.0171%	1h	153.04	0.000%	$11K	$191K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0173%	8h	153.04	0.000%	$39.5M	$167.1M	75x	as long as short
Binance SPCXUSDT	+0.0181%	8h	153.04	0.000%	$252.5M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	153.01	−0.019%	$734K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0189%	1h	152.99	−0.033%	$142.0M	$118.9M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.08	+0.029%	$410K	$532K	20x	as long as short
Nado SPCX-PERP	+0.0222%	1h	152.95	−0.057%	$617K	$826K	20x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0256%	1h	153.04	long leg	$738K	$979K	10x
Phoenix SPCX	+0.0262%	1h	153.04	0.000%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0415%	8h	153.12	+0.052%	$19.0M	$17.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.157%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0642%	4h	153.03	−0.006%	$1.7M	$892K	20x	as long as short