Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0229%/8h= +25.0% APRpaid last 24h +0.028%

Price spread now: Coinbase International against Paradex+0.007%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SPCX-USD-PERP	153.00	0.0099	pay 0.0099% / 8h	7h 32m	$101	—	5x
Short	Coinbase International SPCX-PERP-INTX	153.01	0.0328	get 0.0041% / 1h	32m 08s	$731K	$979K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Paradex. 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 ParadexbpFee Coinbase InternationalbpOrdersPrice spread, now +0.007%Rate

Funding earned: $48.02
Price spread: +0.007% → 0.000%: $0.66
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $34.68
Costs to cover: 0.140%
Break-even: 1.9 days

Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 41 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 Paradex no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 41 min ago	1.96 bp	7.3 bp −$7	9.6 bp −$96	doesn't fit	doesn't fit

Paradex: 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 −0.0311% / S +0.0516%	1h	153.00	−0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.00	0.000%	$96.4M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.756%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.82	−0.118%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.170%	$8K	$957K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.98	−0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.91	−0.058%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.96	−0.026%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.778%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	−0.020%	—	$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	152.97	−0.020%	$1.6M	$7.4M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	−0.006%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.04	+0.026%	$534K	$414K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.105%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	152.95	−0.033%	$1.2M	$7.4M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0064%	1h	152.97	−0.020%	$489K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERPlong	+0.0099%	8h	153.00	long leg	$101	—	5x
Pacifica SPCX	+0.0100%	1h	152.88	−0.078%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−0.059%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.098%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.02	+0.013%	$15K	$7K	10x	as long as short
BloFin SPCX-USDT	+0.0103%	8h	152.94	−0.039%	$1.9M	$1.4M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.02	+0.010%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0175%	8h	153.04	+0.026%	$30.8M	$42.7M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.89	−0.072%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0206%	8h	153.04	+0.026%	$39.2M	$169.0M	75x	as long as short
Variational Omni SPCX	+0.0207%	8h	152.92	−0.051%	$6.0M	$3.5M	—	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.97	−0.020%	$71K	$1.1M	10x	as long as short
Binance SPCXUSDT	+0.0223%	8h	153.04	+0.026%	$253.1M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	153.00	−0.001%	$737K	$3.9M	10x	as long as short
Nado SPCX-PERP	+0.0233%	1h	152.88	−0.078%	$603K	$851K	20x	as long as short
Bullet SPCX-USD	+0.0250%	1h	153.02	+0.010%	$11K	$188K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0251%	1h	153.00	0.000%	$143.1M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	152.93	−0.046%	$445K	$271K	15x	as long as short
Bitget SPCXUSDT	+0.0320%	8h	153.05	+0.033%	$31.2M	$66.3M	75x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0328%	1h	153.01	+0.007%	$731K	$979K	10x
Aster SPCXUSD1	+0.0346%	8h	153.06	+0.041%	$19.0M	$18.3M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.03	+0.016%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0823%	4h	152.93	−0.045%	$1.7M	$893K	20x	as long as short