Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0111%/8h= +12.1% APRpaid last 24h +0.027%

Price spread now: tradeXYZ against Gate−0.039%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 7 days−0.036%−$4 · spread now −0.039%, 7d avg −0.052%

Together, before fees−0.051%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPCX_USDT	152.40	0	get 0.0000% / 8h	1h 22m	$96.1M	$31.9M	100x
Short	tradeXYZ xyz:SPCX	152.34	0.0111	get 0.0014% / 1h	22m 59s	$130.1M	$129.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.039%Rate

Funding earned: $23.22
Price spread: −0.039% → −0.052%: $1.3
Slippage, 4 orders: −$7.08
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$15.57
Costs to cover: 0.401%
Break-even: 11.7 days

Slippage from Gate: live order book, 1 min ago; tradeXYZ: live order book, 7 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, 1 min ago	0.98 bp	8.7 bp −$9	17.3 bp −$173	47.0 bp −$4,700	81.7 bp −$40.8K
Sell tradeXYZ live order book, 7 min ago	0.33 bp	9.3 bp −$9	9.4 bp −$94	15.6 bp −$1,563	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	152.34	−0.043%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.45	+0.033%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDTlong	0.0000%	8h	152.40	long leg	$96.1M	$31.9M	100x
Bitget SPCXUSDT	0.0000%	8h	152.47	+0.046%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.204%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.013%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.203%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.47	+0.046%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0004%	8h	152.44	+0.026%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.34	−0.038%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.36	−0.026%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.41	+0.007%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.34	−0.039%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.36	−0.026%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.41	+0.007%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.39	−0.007%	$531K	$379K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.23	−0.112%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.45	+0.034%	$393K	$505K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.28	−0.079%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.26	−0.092%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.29	−0.072%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.43	+0.020%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.41	+0.005%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0104%	8h	152.41	+0.005%	$5.9M	$2.8M	—	as long as short
tradeXYZ xyz:SPCXshort	+0.0111%	1h	152.34	−0.039%	$130.1M	$129.1M	20x
Paradex SPCX-USD-PERP	+0.0114%	8h	152.42	+0.015%	$101	—	5x	as long as short
Binance SPCXUSDT	+0.0124%	8h	152.46	+0.039%	$251.7M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0128%	1h	152.42	+0.016%	$733K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0133%	8h	152.46	+0.039%	$39.5M	$166.7M	75x	as long as short
Lighter SPCX	+0.0136%	1h	152.38	−0.013%	$1.6M	$7.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0137%	1h	152.40	0.000%	$487K	$1.2M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.026%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.40	0.000%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0259%	1h	152.28	−0.081%	$626K	$808K	20x	as long as short
edgeX SPCXUSDC	+0.0267%	4h	152.40	−0.001%	$1.7M	$891K	20x	as long as short
Bullet SPCX-USD	+0.0294%	1h	152.43	+0.022%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0391%	8h	152.56	+0.103%	$18.8M	$29.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.269%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0472%	1h	152.38	−0.013%	$89K	$1.3M	10x	as long as short