Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.026%

Price spread now: Coinbase International against KuCoin+0.066%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$450.453% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.319%+$32 on $10k

Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.066%, 7d avg +0.045%

Together, before fees+0.172%+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.021% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPCXUSDTM	152.34	0.0100	pay 0.0100% / 8h	3h 21m	$13.0M	$5.4M	20x
Short	Coinbase International SPCX-PERP-INTX	152.44	0.0248	get 0.0031% / 1h	21m 57s	$739K	$931K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.066%Rate

Funding earned: $31.08
Price spread: +0.066% → +0.045%: $2.1
Slippage, 4 orders: −$23.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$12.16
Costs to cover: 0.453%
Break-even: 9.7 days

Slippage from KuCoin: live order book, 2 min ago; Coinbase International: live order book, 31 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 KuCoin live order book, 2 min ago	1.31 bp	16.2 bp −$16	41.0 bp −$410	doesn't fit	doesn't fit
Sell Coinbase International live order book, 31 min ago	2.94 bp	7.9 bp −$8	8.5 bp −$85	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 −0.0265% / S +0.0494%	1h	152.29	−0.030%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.38	+0.026%	$96.2M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.47	+0.085%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.254%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.43	+0.059%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.62	+0.184%	$8K	$920K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.38	+0.026%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0014%	8h	152.38	+0.026%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0027%	8h	152.40	+0.039%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.37	+0.019%	$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	152.33	−0.007%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.36	+0.013%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.36	+0.013%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.32	−0.013%	$495K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	+0.020%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.43	+0.059%	$532K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.15	−0.125%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.34	0.000%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0054%	8h	152.35	+0.006%	$101	—	5x	as long as short
Lighter SPCX	+0.0096%	1h	152.37	+0.020%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.27	−0.046%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	152.34	long leg	$13.0M	$5.4M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.61	+0.177%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.34	0.000%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.35	+0.004%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0141%	8h	152.53	+0.123%	$6.0M	$2.9M	—	as long as short
Extended SPCX-USD	+0.0144%	1h	152.31	−0.020%	$732K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0146%	8h	152.43	+0.059%	$249.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0146%	8h	152.46	+0.079%	$39.4M	$166.3M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0149%	1h	152.31	−0.020%	$131.6M	$127.9M	20x	as long as short
Nado SPCX-PERP	+0.0210%	1h	152.32	−0.012%	$613K	$802K	20x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.43	+0.056%	$408K	$517K	20x	as long as short
Bullet SPCX-USD	+0.0218%	1h	152.41	+0.046%	$12K	$192K	10x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0248%	1h	152.44	+0.066%	$739K	$931K	10x
Phoenix SPCX	+0.0261%	1h	152.43	+0.059%	$443K	$264K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0407%	1h	152.39	+0.033%	$86K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0421%	8h	152.49	+0.098%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.558%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0639%	4h	152.56	+0.146%	$1.7M	$891K	20x	as long as short