Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Gate against Pacifica+0.072%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Pacifica Short on Gate

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)+0.003%$0 · spread now +0.072%, 7d avg +0.023%

Together, before fees−0.089%+ Points / potential airdropPacifica: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.049% dearer against Pacifica than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of +0.023%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.091% in total) that is about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SPCX	152.53	0.0100	pay 0.0013% / 1h	43m 17s	$175K	$130K	10x
Short	Gate SPCX_USDT	152.64	0	get 0.0000% / 8h	1h 43m	$96.5M	$30.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Pacifica. 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 PacificabpFee GatebpOrdersPrice spread, now +0.072%Rate

Funding earned: −$21
Price spread: +0.072% → +0.023%: $4.92
Slippage, 4 orders: −$12.97
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.05
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from Pacifica: live order book, 39 min ago; Gate: live order book, 6 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 Pacifica live order book, 39 min ago	0.33 bp	5.7 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	0.33 bp	10.9 bp −$11	16.3 bp −$163	32.1 bp −$3,210	51.8 bp −$25.9K

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 −0.0335% / S +0.0533%	1h	152.63	+0.062%	$88K	—	20x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.64	+0.072%	$96.5M	$30.8M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+13.101%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.68	+0.098%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.86	+0.216%	$8K	$976K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.66	+0.085%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.58	+0.036%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.58	+0.033%	$1.6M	$7.1M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.58	+0.033%	$2.4M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.094%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SPCX-USD	+0.0043%	1h	152.65	+0.079%	$12K	$189K	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.65	+0.079%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.62	+0.059%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.62	+0.059%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.65	+0.079%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.45	−0.052%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.63	+0.066%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0077%	8h	152.66	+0.083%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0086%	8h	152.68	+0.098%	$1.9M	$1.4M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0093%	1h	152.61	+0.052%	$129.8M	$107.4M	20x	as long as short
Pacifica SPCXlong	+0.0100%	1h	152.53	long leg	$175K	$130K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−0.007%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.69	+0.105%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.65	+0.079%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.67	+0.092%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0141%	8h	152.66	+0.085%	$30.7M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0182%	8h	152.67	+0.092%	$38.9M	$168.5M	75x	as long as short
Variational Omni SPCX	+0.0187%	8h	152.61	+0.053%	$6.1M	$3.8M	—	as long as short
Binance SPCXUSDT	+0.0206%	8h	152.65	+0.079%	$256.0M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.63	+0.068%	$715K	$3.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.63	+0.066%	$70K	$1.1M	10x	as long as short
Nado SPCX-PERP	+0.0211%	1h	152.56	+0.022%	$625K	$875K	20x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.59	+0.039%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0244%	8h	152.72	+0.127%	$19.0M	$21.7M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	+0.118%	$741K	$947K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.61	+0.052%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0323%	8h	152.66	+0.085%	$31.0M	$66.5M	75x	as long as short
edgeX SPCXUSDC	+0.0401%	4h	152.65	+0.077%	$1.7M	$894K	20x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.70	+0.111%	$402K	$542K	20x	as long as short