Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.026%

Price spread now: Gate against Extended+0.009%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days+0.083%+$8 · spread now +0.009%, 7d avg +0.054%

Together, before fees+0.013%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.044% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.054%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPCX-USD	152.54	0.0104	pay 0.0013% / 1h	15m 51s	$723K	$5.3M	10x
Short	Gate SPCX_USDT	152.55	0	get 0.0000% / 8h	7h 15m	$96.2M	$32.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.009%Rate

Funding earned: −$21.84
Price spread: +0.009% → +0.054%: −$4.42
Slippage, 4 orders: −$7.91
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$54.17
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Gate: live order book, 3 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 Extended live order book, 3 min ago	0.33 bp	2.8 bp −$3	5.5 bp −$55	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.66 bp	10.5 bp −$10	16.9 bp −$169	32.4 bp −$3,240	51.7 bp −$25.9K

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	152.32	−0.138%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0014%	8h	152.40	−0.089%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.58	+0.029%	$30.5M	$43.3M	100x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.55	+0.009%	$96.2M	$32.5M	100x
Bitget SPCXUSDT	0.0000%	8h	152.65	+0.075%	$31.1M	$66.6M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.102%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.72	+0.121%	$8K	$845K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.52	−0.010%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.20	−0.221%	$7K	$7K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.46	−0.050%	$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	152.44	−0.063%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.44	−0.063%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.35	−0.122%	$102K	$294K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.47	−0.043%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.48	−0.037%	$129.9M	$129.8M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.40	−0.089%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.48	−0.037%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.47	−0.043%	$531K	$365K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.31	−0.148%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0059%	8h	152.45	−0.054%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.46	−0.050%	$84K	$1.4M	10x	as long as short
Variational Omni SPCX	+0.0085%	8h	152.29	−0.159%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.35	−0.122%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.45	−0.056%	$13.0M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.33	−0.135%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.50	−0.023%	$14K	$7K	10x	as long as short
Extended SPCX-USDlong	+0.0104%	1h	152.54	long leg	$723K	$5.3M	10x
Aevo SPCX-PERP	+0.0104%	1h	152.46	−0.052%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0106%	8h	152.58	+0.029%	$253.5M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0107%	1h	152.39	−0.097%	$633K	$811K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0114%	8h	152.61	+0.049%	$39.3M	$168.0M	75x	as long as short
Bullet SPCX-USD	+0.0130%	1h	152.52	−0.008%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.45	−0.056%	$381K	$507K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.27	−0.174%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.45	−0.056%	$689K	$1.0M	10x	as long as short
edgeX SPCXUSDC	+0.0322%	4h	152.33	−0.134%	$1.7M	$890K	20x	as long as short
Aster SPCXUSD1	+0.0394%	8h	152.69	+0.101%	$19.0M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	−0.017%	$9K	$28K	5.5x	as long as short