SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h +0.002%

Price spread now: Coinbase International against Deribit+0.085%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.080%+$8 on $10k

Price spread, last 3 days (all we have)−0.087%−$9 · spread now +0.085%, 7d avg +0.001%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.084% dearer against Deribit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPCX_USDC-PERPETUAL	152.58	0.0209	pay 0.0026% / 1h	27m 37s	$70K	$1.1M	10x
Short	Coinbase International SPCX-PERP-INTX	152.71	0.0256	get 0.0032% / 1h	27m 37s	$741K	$947K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.085%Rate

Funding earned: $9.87
Price spread: +0.085% → +0.001%: $8.43
Slippage, 4 orders: −$20.74
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$19.44
Costs to cover: 0.377%
Break-even: 20.8 days

Slippage from Deribit: live order book, 1 min ago; Coinbase International: live order book, 56 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 Deribit live order book, 1 min ago	6.23 bp	9.7 bp −$10	12.6 bp −$126	doesn't fit	doesn't fit
Sell Coinbase International live order book, 56 min ago	3.60 bp	8.8 bp −$9	11.7 bp −$117	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 −0.0272% / S +0.0488%	1h	152.60	+0.016%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.61	+0.020%	$96.5M	$30.9M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+13.065%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.65	+0.046%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.170%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.65	+0.046%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	152.59	+0.007%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.56	−0.013%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.56	−0.013%	$2.4M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.061%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.59	+0.007%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.61	+0.020%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.61	+0.020%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	+0.026%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.51	−0.046%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.61	+0.020%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0069%	8h	152.62	+0.024%	$101	—	5x	as long as short
Bullet SPCX-USD	+0.0070%	1h	152.64	+0.039%	$11K	$189K	10x	as long as short
BloFin SPCX-USDT	+0.0078%	8h	152.69	+0.072%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.55	−0.020%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.51	−0.046%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.57	−0.007%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.64	+0.039%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.63	+0.035%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0129%	1h	152.59	+0.007%	$130.0M	$107.5M	20x	as long as short
Bybit SPCXUSDT	+0.0137%	8h	152.64	+0.039%	$30.8M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0180%	8h	152.64	+0.039%	$38.9M	$168.4M	75x	as long as short
Variational Omni SPCX	+0.0180%	8h	152.64	+0.037%	$6.0M	$3.9M	—	as long as short
Binance SPCXUSDT	+0.0197%	8h	152.64	+0.038%	$255.5M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.61	+0.022%	$715K	$3.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUALlong	+0.0209%	1h	152.58	long leg	$70K	$1.1M	10x
Nado SPCX-PERP	+0.0217%	1h	152.52	−0.041%	$625K	$871K	20x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.56	−0.013%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0244%	8h	152.69	+0.073%	$19.0M	$21.8M	20x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0256%	1h	152.71	+0.085%	$741K	$947K	10x
Phoenix SPCX	+0.0314%	1h	152.65	+0.046%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0315%	8h	152.66	+0.052%	$31.0M	$66.5M	75x	as long as short
edgeX SPCXUSDC	+0.0516%	4h	152.65	+0.044%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.67	+0.060%	$402K	$541K	20x	as long as short