Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.010%

Price spread now: Gate against QFEX+0.013%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.013%, 7d avg +0.008%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SPCX-USD	152.98	0.0048	pay 0.0006% / 1h	36m 03s	$1.2M	$6.6M	10x
Short	Gate SPCX_USDT	153.00	0	get 0.0000% / 8h	5h 36m	$96.1M	$31.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against QFEX. 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 QFEXbpFee GatebpOrdersPrice spread, now +0.013%Rate

Funding earned: −$10.16
Price spread: +0.013% → +0.008%: $0.54
Slippage, 4 orders: −$9.65
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$44.27
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from QFEX: live order book, 8 min ago; Gate: live order book, 3 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 QFEX live order book, 8 min ago	1.31 bp	6.3 bp −$6	8.5 bp −$85	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.98 bp	10.8 bp −$11	15.7 bp −$157	34.7 bp −$3,469	54.1 bp −$27.0K

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 −0.0333% / S +0.0531%	1h	152.99	+0.003%	$88K	—	20x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	153.00	+0.013%	$96.1M	$31.3M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.776%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	−0.020%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.22	+0.157%	$8K	$940K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.00	+0.013%	$1.3M	$1.7M	75x	as long as short
Bitget SPCXUSDT	+0.0004%	8h	153.06	+0.052%	$31.7M	$66.1M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.96	−0.010%	$7K	$8K	10x	as long as short
Bybit SPCXUSDT	+0.0031%	8h	153.00	+0.013%	$30.8M	$42.8M	100x	as long as short
Lighter SPCX	+0.0032%	1h	152.95	−0.020%	$1.6M	$7.2M	20x	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	152.93	−0.033%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.94	−0.026%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.00	+0.013%	—	$1.2M	10x	as long as short
QFEX SPCX-USDlong	+0.0048%	1h	152.98	long leg	$1.2M	$6.6M	10x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	−0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	+0.007%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	+0.013%	$534K	$402K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.85	−0.085%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0068%	8h	153.03	+0.033%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0072%	8h	153.03	+0.033%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.97	−0.007%	$73K	$1.2M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	−0.046%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.92	−0.039%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.033%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.04	+0.039%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.01	+0.020%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0134%	1h	153.02	+0.026%	$11K	$190K	10x	as long as short
Variational Omni SPCX	+0.0173%	8h	153.00	+0.010%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0179%	8h	153.05	+0.046%	$39.5M	$167.8M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0179%	1h	152.96	−0.013%	$142.0M	$119.4M	20x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.98	+0.003%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0188%	8h	153.01	+0.018%	$252.6M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0192%	1h	152.94	−0.025%	$622K	$831K	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.04	+0.040%	$408K	$549K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	+0.020%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.02	+0.026%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0404%	8h	153.10	+0.076%	$19.0M	$17.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.196%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0612%	4h	153.00	+0.012%	$1.7M	$891K	20x	as long as short