Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.009%

Price spread now: Gate against Injective−2.658%99s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 2.658% cheaper against Injective than usual: you would sell low and buy high (−$266 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SPCX/USDC PERP	157.25	0.0033	pay 0.0004% / 1h	11m 36s	$9K	$27K	5.5x
Short	Gate SPCX_USDT	153.07	0	get 0.0000% / 8h	7h 11m	$96.4M	$31.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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 InjectivebpFee GatebpOrdersPrice spread, now −2.658%Rate

Funding earned: −$7
Price spread: −2.658% → 0.000%: −$265.82
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$287.84
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Gate: live order book, 2 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	0.65 bp	10.8 bp −$11	15.6 bp −$156	31.0 bp −$3,098	49.9 bp −$25.0K

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0324% / S +0.0525%	1h	153.06	−2.668%	$88K	—	20x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	153.07	−2.658%	$96.4M	$31.3M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+9.710%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.98	−2.715%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	−2.486%	$8K	$954K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.11	−2.633%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	153.00	−2.705%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.03	−2.684%	$2.5M	$7.5M	20x	as long as short
Injective SPCX/USDC PERPlong	+0.0033%	1h	157.25	long leg	$9K	$27K	5.5x
Vest SPCX-USD-PERP	+0.0046%	1h	153.09	−2.645%	—	$1.2M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0048%	1h	153.05	−2.671%	$1.6M	$7.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.06	−2.665%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	−2.658%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.11	−2.633%	$534K	$407K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−2.754%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.06	−2.665%	$1.2M	$7.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0097%	8h	153.10	−2.642%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	153.00	−2.703%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.01	−2.696%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−2.696%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.13	−2.620%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.10	−2.640%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0122%	8h	153.13	−2.620%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDT	+0.0162%	8h	153.11	−2.633%	$30.9M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.03	−2.684%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0217%	8h	153.10	−2.639%	$39.3M	$169.1M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0221%	1h	153.05	−2.671%	$143.1M	$119.3M	20x	as long as short
Variational Omni SPCX	+0.0226%	8h	153.06	−2.664%	$6.0M	$3.5M	—	as long as short
Bullet SPCX-USD	+0.0231%	1h	153.10	−2.639%	$11K	$188K	10x	as long as short
Extended SPCX-USD	+0.0240%	1h	153.06	−2.663%	$734K	$3.9M	10x	as long as short
Nado SPCX-PERP	+0.0243%	1h	152.99	−2.706%	$620K	$852K	20x	as long as short
Binance SPCXUSDT	+0.0244%	8h	153.10	−2.639%	$252.8M	$1.38B	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	153.07	−2.658%	$71K	$1.1M	10x	as long as short
Bitget SPCXUSDT	+0.0298%	8h	153.13	−2.620%	$31.6M	$66.7M	75x	as long as short
Phoenix SPCX	+0.0314%	1h	153.08	−2.652%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.01	−2.696%	$731K	$977K	10x	as long as short
edgeX SPCXUSDC	+0.0339%	4h	153.07	−2.660%	$1.7M	$894K	20x	as long as short
Aster SPCXUSD1	+0.0385%	8h	153.12	−2.625%	$19.0M	$18.4M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.13	−2.617%	$401K	$536K	20x	as long as short