Funding you earn now, next payment 05:00 UTC−0.0569%/8h= −62.3% APRpaid last 24h +0.079%
Price spread now: Coinbase International against edgeX+0.059%7-day average +0.003% · 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−$23as in the Price arb table
costs, in and out, $10k−$280.283% of the position
Funding, last 7 days−0.389%−$39 on $10k
+Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.059%, 7d avg +0.003%
=Together, before fees−0.513%+ Points / potential airdropedgeX: Active · farm board−$51 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.056% dearer against edgeX than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of +0.003%): +$6 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.389% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.389% in total (about -20.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX SPCXUSDC | 152.61 | 0.0817 | pay 0.0408% / 4h | 2h 12m | $1.7M | $894K | 20x |
| Short | Coinbase International SPCX-PERP-INTX | 152.70 | 0.0248 | get 0.0031% / 1h | 12m 51s | $731K | $938K | 10x |
edgeX SPCXUSDC
Coinbase International SPCX-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$119.45
- Price spread: +0.059% → +0.003%
- $5.62
- Slippage, 4 orders
- −$9.3
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$142.13
- Costs to cover
- 0.283%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 1 min ago; Coinbase International: live order book, 36 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 edgeX live order book, 1 min ago | 1.64 bp | 6.1 bp −$6 | 7.2 bp −$72 | 20.3 bp −$2,026 | doesn't fit |
| Sell Coinbase International live order book, 36 min ago | 2.95 bp | 8.1 bp −$8 | 11.8 bp −$118 | 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 −0.0187% / S +0.0435% | 1h | 152.62 | +0.003% | $90K | — | 20x | as long as short |
| BloFin SPCX-USDT | −0.0014% | 8h | 152.68 | +0.046% | $1.9M | $1.2M | 75x | as long as short |
| Bybit SPCXUSDT | 0.0000% | 8h | 152.70 | +0.059% | $30.6M | $42.7M | 100x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.69 | +0.052% | $96.2M | $31.9M | 100x | as long as short |
| Bitget SPCXUSDT | 0.0000% | 8h | 152.75 | +0.092% | $31.3M | $65.9M | 75x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.53 | +13.052% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.68 | +0.046% | $300K | $2.8M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 152.87 | +0.170% | $8K | $899K | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | 0.0000% | 1h | 152.66 | +0.033% | $88K | $1.3M | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.75 | +0.092% | $1.3M | $1.8M | 75x | as long as short |
GMX SPCX/USD [ETH-USDC]
BloFin SPCX-USDT
Bybit SPCXUSDT
Gate SPCX_USDT
Bitget SPCXUSDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
Deribit SPCX_USDC-PERPETUAL
HTX SPCX-USDTShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps SPCXUSD | +0.0019% | 1h | 152.54 | −0.047% | $7K | $8K | 10x | as long as short |
| Lighter SPCX | +0.0032% | 1h | 152.66 | +0.033% | $1.6M | $7.4M | 20x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.64 | +0.020% | $2.5M | $7.3M | 20x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.57 | −0.026% | $105K | $297K | 5x | as long as short |
| QFEX SPCX-USD | +0.0043% | 1h | 152.65 | +0.026% | $1.2M | $5.5M | 10x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.71 | +0.065% | — | $1.2M | 10x | as long as short |
| tradeXYZ xyz:SPCX | +0.0050% | 1h | 152.62 | +0.007% | $130.8M | $128.8M | 20x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.64 | +0.020% | $488K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.68 | +0.046% | $1.7M | $96K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.71 | +0.065% | $531K | $386K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.47 | −0.092% | $3.2M | $2.3M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0057% | 8h | 152.73 | +0.076% | $101 | — | 5x | as long as short |
| Variational Omni SPCX | +0.0097% | 8h | 152.63 | +0.013% | $6.0M | $2.8M | — | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.62 | +0.007% | $169K | $118K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.59 | −0.013% | $13.0M | $5.4M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.55 | −0.039% | $58K | $272K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.69 | +0.052% | $15K | $7K | 10x | as long as short |
| Extended SPCX-USD | +0.0104% | 1h | 152.68 | +0.044% | $731K | $4.6M | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.69 | +0.052% | $89 | — | 10x | as long as short |
| Nado SPCX-PERP | +0.0106% | 1h | 152.62 | +0.007% | $612K | $802K | 20x | as long as short |
| Binance SPCXUSDT | +0.0106% | 8h | 152.72 | +0.072% | $250.6M | $1.36B | 75x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0117% | 8h | 152.75 | +0.092% | $39.5M | $166.5M | 75x | as long as short |
| Bullet SPCX-USD | +0.0138% | 1h | 152.71 | +0.066% | $11K | $193K | 10x | as long as short |
| RISEx SPCX/USDC | +0.0238% | 1h | 152.72 | +0.075% | $409K | $513K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTXshort | +0.0248% | 1h | 152.70 | +0.059% | $731K | $938K | 10x | |
| Phoenix SPCX | +0.0263% | 1h | 152.65 | +0.026% | $444K | $266K | 15x | as long as short |
| Aster SPCXUSD1 | +0.0363% | 8h | 152.72 | +0.074% | $18.9M | $24.8M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0440% | 1h | 152.70 | +0.059% | $9K | $28K | 5.5x | as long as short |
| edgeX SPCXUSDClong | +0.0817% | 4h | 152.61 | long leg | $1.7M | $894K | 20x |
Aftermath Perps SPCXUSD
Lighter SPCX
Lighter RH SPCX
Arcus SPCX-USD
QFEX SPCX-USD
Vest SPCX-USD-PERP
tradeXYZ xyz:SPCX
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
Paradex SPCX-USD-PERP
Variational Omni SPCX
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Extended SPCX-USD
Aevo SPCX-PERP
Nado SPCX-PERP
Binance SPCXUSDT
OKX SPCX-USDT-SWAP
Bullet SPCX-USD
RISEx SPCX/USDC
Phoenix SPCX
Aster SPCXUSD1
Injective SPCX/USDC PERP