Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against SunX−0.137%53s7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$810.812% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.137%, 7d avg −0.087%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.050% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.087%. The two prices were read 53 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	SunX SPCX-USDT	153.26	0	get 0.0000% / 8h	4h 47m	$8K	$937K	10x
Short	Gate SPCX_USDT	153.05	0	get 0.0000% / 8h	4h 47m	$96.3M	$31.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now −0.137%Rate

Funding earned: $0
Price spread: −0.137% → −0.087%: −$5.03
Slippage, 4 orders: −$58.19
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$86.23
Costs to cover: 0.812%
Break-even: never at this rate

Slippage from SunX: live order book, 45 min ago; Gate: live order book, 2 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 SunX live order book, 45 min ago	21.88 bp	25.9 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.33 bp	10.6 bp −$11	14.7 bp −$147	30.0 bp −$2,995	48.1 bp −$24.0K

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 −0.0314% / S +0.0531%	1h	153.04	−0.140%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.06	−0.130%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	153.05	−0.137%	$96.3M	$31.2M	100x
Bitget SPCXUSDT	0.0000%	8h	153.09	−0.111%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.571%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.99	−0.176%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	153.26	long leg	$8K	$937K	10x
HTX SPCX-USDT	0.0000%	8h	153.09	−0.111%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.04	−0.145%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.01	−0.163%	$1.6M	$7.3M	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	152.97	−0.189%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.163%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.06	−0.130%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.03	−0.150%	$1.2M	$6.3M	10x	as long as short
BloFin SPCX-USDT	+0.0049%	8h	153.08	−0.117%	$1.9M	$1.4M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.03	−0.150%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	−0.137%	$1.7M	$94K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.07	−0.124%	$533K	$398K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−0.228%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0067%	8h	153.07	−0.126%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0069%	1h	153.03	−0.150%	$141.4M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0077%	1h	153.08	−0.120%	$11K	$192K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	153.02	−0.157%	$73K	$1.2M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.97	−0.189%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.95	−0.202%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.163%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.07	−0.124%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	−0.136%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0135%	1h	152.97	−0.189%	$617K	$826K	20x	as long as short
Variational Omni SPCX	+0.0158%	8h	153.07	−0.125%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0160%	8h	153.08	−0.117%	$39.5M	$167.0M	75x	as long as short
Binance SPCXUSDT	+0.0167%	8h	153.08	−0.119%	$252.4M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0168%	1h	153.02	−0.154%	$738K	$3.8M	10x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.10	−0.107%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.144%	$738K	$964K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.08	−0.117%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.13	−0.083%	$19.0M	$19.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.32	+0.039%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0459%	4h	153.06	−0.128%	$1.7M	$893K	20x	as long as short