Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against Gate−0.046%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.046%, 7d avg −0.024%

Together, before fees+0.065%+ Points / potential airdropPacifica: Active · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.021% cheaper against Gate than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of −0.024%). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.091% in total) that is about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPCX_USDT	153.00	0	get 0.0000% / 8h	4h 01m	$96.3M	$31.4M	100x
Short	Pacifica SPCX	152.93	0.0100	get 0.0013% / 1h	1m 12s	$169K	$129K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now −0.046%Rate

Funding earned: $21
Price spread: −0.046% → −0.024%: −$2.14
Slippage, 4 orders: −$11.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$15.24
Costs to cover: 0.341%
Break-even: 12.1 days

Slippage from Gate: live order book, 3 min ago; Pacifica: live order book, 57 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, 3 min ago	0.65 bp	10.9 bp −$11	17.7 bp −$177	49.4 bp −$4,935	84.6 bp −$42.3K
Sell Pacifica live order book, 57 min ago	0.33 bp	7.3 bp −$7	doesn't fit	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 −0.0214% / S +0.0456%	1h	152.99	−0.010%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.03	+0.020%	$30.7M	$42.9M	100x	as long as short
Gate SPCX_USDTlong	0.0000%	8h	153.00	long leg	$96.3M	$31.4M	100x
Bitget SPCXUSDT	0.0000%	8h	153.06	+0.039%	$31.7M	$65.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.765%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.059%	$302K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.170%	$7K	$938K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.07	+0.046%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	153.04	+0.024%	$8K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0026%	8h	153.02	+0.013%	$1.9M	$1.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.95	−0.033%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.92	−0.052%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.96	−0.026%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	−0.020%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	152.99	−0.007%	$1.2M	$5.9M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	−0.039%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	−0.007%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.01	+0.007%	$532K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.89	−0.072%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0075%	8h	153.04	+0.026%	$101	—	5x	as long as short
Pacifica SPCXshort	+0.0100%	1h	152.93	−0.046%	$169K	$129K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.93	−0.046%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.04	+0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	+0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.01	+0.004%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0129%	1h	152.98	−0.013%	$141.4M	$119.2M	20x	as long as short
Variational Omni SPCX	+0.0132%	8h	153.00	−0.001%	$6.0M	$2.9M	—	as long as short
Bullet SPCX-USD	+0.0141%	1h	153.02	+0.013%	$11K	$192K	10x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.98	−0.015%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0146%	8h	153.02	+0.011%	$248.0M	$1.36B	75x	as long as short
Nado SPCX-PERP	+0.0150%	1h	152.90	−0.063%	$617K	$816K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0150%	8h	153.04	+0.026%	$39.5M	$166.4M	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.05	+0.033%	$409K	$525K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.10	+0.065%	$738K	$926K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.05	+0.033%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0412%	8h	153.12	+0.077%	$19.0M	$21.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.32	+0.209%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0535%	1h	152.96	−0.026%	$84K	$1.2M	10x	as long as short
edgeX SPCXUSDC	+0.0987%	4h	153.01	+0.006%	$1.7M	$893K	20x	as long as short