Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0204%/8h= −22.4% APRpaid last 24h −0.030%

Price spread now: Paradex against Coinbase International−0.056%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Paradex is 0.056% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SPCX-PERP-INTX	153.14	0.0288	pay 0.0036% / 1h	44m 18s	$728K	$986K	10x
Short	Paradex SPCX-USD-PERP	153.05	0.0084	get 0.0084% / 8h	6h 44m	$101	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$42.94
Price spread: −0.056% → 0.000%: −$5.65
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$62.58
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 24 min ago; Paradex: no order-book sample. Net counts fees only.

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, 24 min ago	2.94 bp	8.1 bp −$8	10.7 bp −$107	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0342% / S +0.0538%	1h	153.00	−0.088%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.01	−0.085%	$96.3M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.658%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.131%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.078%	$8K	$949K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.98	−0.104%	$72K	$1.1M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.01	−0.085%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.92	−0.141%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.99	−0.098%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.97	−0.111%	$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
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.118%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.95	−0.124%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.03	−0.072%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.02	−0.078%	$1.2M	$7.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.99	−0.098%	$501K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	−0.085%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.95	−0.124%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.196%	$3.2M	$2.6M	10x	as long as short
Paradex SPCX-USD-PERPshort	+0.0084%	8h	153.05	−0.056%	$101	—	5x
Bybit SPCXUSDT	+0.0091%	8h	153.04	−0.065%	$30.9M	$42.8M	100x	as long as short
Pacifica SPCX	+0.0100%	1h	152.93	−0.137%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.93	−0.137%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.02	−0.078%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	−0.085%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.04	−0.068%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0116%	8h	153.03	−0.072%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0145%	1h	153.04	−0.065%	$11K	$189K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0161%	1h	153.00	−0.091%	$142.4M	$119.8M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0201%	8h	153.04	−0.065%	$39.4M	$169.0M	75x	as long as short
Bitget SPCXUSDT	+0.0214%	8h	153.07	−0.046%	$31.8M	$66.6M	75x	as long as short
Variational Omni SPCX	+0.0217%	8h	152.98	−0.104%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0230%	8h	153.05	−0.059%	$252.9M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0232%	1h	153.01	−0.084%	$734K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0260%	1h	152.97	−0.111%	$620K	$843K	20x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0288%	1h	153.14	long leg	$728K	$986K	10x
Phoenix SPCX	+0.0314%	1h	153.02	−0.078%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0392%	8h	153.12	−0.016%	$19.0M	$17.4M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.06	−0.056%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0635%	4h	152.99	−0.100%	$1.7M	$894K	20x	as long as short