Funding you earn now, next payment 08:00 UTC+0.0191%/8h= +20.9% APRnext payment +$1.91 per $10,000 · paid last 24h +0.021%
Price spread now: Binance against Gate+0.010%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$340.338% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 7 days+0.031%+$3 · spread now +0.010%, 7d avg +0.043%
=Funding pays, the price is against you. Binance is 0.033% cheaper against Gate than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.043%). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.051% in total) that is about 4.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.91 per $10,000. 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 | Gate SPCX_USDT | 153.01 | 0 | get 0.0000% / 8h | 5h 40m | $96.1M | $31.3M | 100x |
| Short | Binance SPCXUSDT | 153.03 | 0.0191 | get 0.0191% / 8h | 5h 40m | $252.6M | $1.37B | 75x |
Gate SPCX_USDT
Binance SPCXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $40.1
- Price spread: +0.010% → +0.043%
- −$3.29
- Slippage, 4 orders
- −$8.83
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $2.98
- Costs to cover
- 0.338%
- Break-even
- 6.5 days
Slippage from Gate: live order book, 4 min ago; Binance: live order book, 4 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 Gate live order book, 4 min ago | 0.65 bp | 11.9 bp −$12 | 19.1 bp −$191 | 49.7 bp −$4,971 | 86.3 bp −$43.1K |
| Sell Binance live order book, 4 min ago | 0.33 bp | 5.3 bp −$5 | 5.8 bp −$58 | 10.7 bp −$1,070 | 20.9 bp −$10.5K |
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 | 153.00 | −0.010% | $88K | — | 20x | as long as short |
| Gate SPCX_USDTlong | 0.0000% | 8h | 153.01 | long leg | $96.1M | $31.3M | 100x | |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.53 | +12.754% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.93 | −0.052% | $302K | $3.0M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.22 | +0.137% | $8K | $940K | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | 0.0000% | 1h | 152.96 | −0.033% | $72K | $1.2M | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 153.04 | +0.020% | $1.3M | $1.7M | 75x | as long as short |
| Bitget SPCXUSDT | +0.0013% | 8h | 153.07 | +0.039% | $31.7M | $66.1M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0026% | 1h | 152.93 | −0.052% | $7K | $8K | 10x | as long as short |
| Lighter SPCX | +0.0032% | 1h | 152.99 | −0.013% | $1.6M | $7.2M | 20x | as long as short |
GMX SPCX/USD [ETH-USDC]
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
Deribit SPCX_USDC-PERPETUAL
HTX SPCX-USDT
Bitget SPCXUSDT
Aftermath Perps SPCXUSD
Lighter SPCXShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SPCX | +0.0032% | 1h | 152.97 | −0.026% | $2.5M | $7.2M | 20x | as long as short |
| Bybit SPCXUSDT | +0.0039% | 8h | 153.03 | +0.013% | $30.8M | $42.8M | 100x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.93 | −0.052% | $105K | $297K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 153.03 | +0.013% | — | $1.2M | 10x | as long as short |
| QFEX SPCX-USD | +0.0048% | 1h | 153.00 | −0.007% | $1.2M | $6.6M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.97 | −0.026% | $499K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 153.00 | −0.007% | $1.7M | $93K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 153.00 | −0.007% | $534K | $404K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.80 | −0.137% | $3.2M | $2.5M | 10x | as long as short |
| BloFin SPCX-USDT | +0.0073% | 8h | 153.03 | +0.013% | $1.9M | $1.4M | 75x | as long as short |
| Paradex SPCX-USD-PERP | +0.0074% | 8h | 153.04 | +0.017% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.93 | −0.052% | $169K | $129K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.95 | −0.039% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 153.02 | +0.007% | $58K | $272K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 153.04 | +0.020% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 153.01 | −0.002% | $89 | — | 10x | as long as short |
| Bullet SPCX-USD | +0.0133% | 1h | 153.03 | +0.016% | $11K | $190K | 10x | as long as short |
| Variational Omni SPCX | +0.0179% | 8h | 153.01 | −0.003% | $6.0M | $3.1M | — | as long as short |
| OKX SPCX-USDT-SWAP | +0.0180% | 8h | 153.05 | +0.026% | $39.5M | $167.8M | 75x | as long as short |
| tradeXYZ xyz:SPCX | +0.0185% | 1h | 153.00 | −0.007% | $142.1M | $119.4M | 20x | as long as short |
| Binance SPCXUSDTshort | +0.0191% | 8h | 153.03 | +0.010% | $252.6M | $1.37B | 75x | |
| Extended SPCX-USD | +0.0192% | 1h | 152.99 | −0.014% | $736K | $3.8M | 10x | as long as short |
| Nado SPCX-PERP | +0.0195% | 1h | 152.97 | −0.024% | $622K | $832K | 20x | as long as short |
| RISEx SPCX/USDC | +0.0199% | 1h | 153.05 | +0.026% | $408K | $549K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0256% | 1h | 153.01 | 0.000% | $738K | $980K | 10x | as long as short |
| Phoenix SPCX | +0.0262% | 1h | 152.97 | −0.026% | $445K | $267K | 15x | as long as short |
| Aster SPCXUSD1 | +0.0405% | 8h | 153.09 | +0.053% | $19.0M | $16.6M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0440% | 1h | 153.28 | +0.176% | $9K | $27K | 5.5x | as long as short |
| edgeX SPCXUSDC | +0.0511% | 4h | 152.96 | −0.031% | $1.7M | $891K | 20x | as long as short |
Lighter RH SPCX
Bybit SPCXUSDT
Arcus SPCX-USD
Vest SPCX-USD-PERP
QFEX SPCX-USD
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
BloFin SPCX-USDT
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Bullet SPCX-USD
Variational Omni SPCX
OKX SPCX-USDT-SWAP
tradeXYZ xyz:SPCX
Extended SPCX-USD
Nado SPCX-PERP
RISEx SPCX/USDC
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
Aster SPCXUSD1
Injective SPCX/USDC PERP
edgeX SPCXUSDC