Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0298%/8h= −32.6% APRpaid last 24h −0.016%

Price spread now: Gate against tradeXYZ+0.033%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days+0.018%+$2 · spread now +0.033%, 7d avg +0.053%

Together, before fees+0.047%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.021% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.053%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SPCX	153.02	0.0298	pay 0.0037% / 1h	48m 33s	$143.4M	$119.2M	20x
Short	Gate SPCX_USDT	153.07	0	get 0.0000% / 8h	7h 48m	$96.6M	$31.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against tradeXYZ. 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 tradeXYZbpFee GatebpOrdersPrice spread, now +0.033%Rate

Funding earned: −$62.62
Price spread: +0.033% → +0.053%: −$2.07
Slippage, 4 orders: −$9.5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$107.18
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; Gate: live order book, 5 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 tradeXYZ live order book, 11 min ago	0.33 bp	10.5 bp −$10	12.5 bp −$125	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.33 bp	10.1 bp −$10	16.3 bp −$163	29.4 bp −$2,936	47.1 bp −$23.6K

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 −0.0296% / S +0.0505%	1h	153.06	+0.023%	$88K	—	20x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	153.07	+0.033%	$96.6M	$31.0M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.744%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	−0.046%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.35	+0.216%	$8K	$963K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.08	+0.039%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.97	−0.034%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.00	−0.013%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.98	−0.026%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.764%	$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
Vest SPCX-USD-PERP	+0.0046%	1h	153.08	+0.039%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.08	+0.039%	$1.7M	$81K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.07	+0.033%	$534K	$415K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.89	−0.085%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.06	+0.026%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0092%	8h	153.11	+0.059%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.99	−0.020%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.95	−0.046%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	+0.065%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.11	+0.059%	$15K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0100%	8h	153.11	+0.057%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.08	+0.036%	$89	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0116%	1h	153.06	+0.026%	$490K	$1.1M	10x	as long as short
Bybit SPCXUSDT	+0.0152%	8h	153.11	+0.059%	$30.8M	$42.8M	100x	as long as short
Nado SPCX-PERP	+0.0179%	1h	152.96	−0.038%	$601K	$865K	20x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.01	−0.007%	$105K	$297K	5x	as long as short
Variational Omni SPCX	+0.0194%	8h	153.06	+0.027%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0203%	8h	153.13	+0.072%	$39.1M	$169.3M	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	153.07	+0.030%	$732K	$3.7M	10x	as long as short
Binance SPCXUSDT	+0.0212%	8h	153.09	+0.048%	$252.9M	$1.38B	75x	as long as short
tradeXYZ xyz:SPCXlong	+0.0298%	1h	153.02	long leg	$143.4M	$119.2M	20x
Phoenix SPCX	+0.0314%	1h	153.06	+0.026%	$445K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0327%	8h	153.04	+0.011%	$19.0M	$20.2M	20x	as long as short
Bullet SPCX-USD	+0.0328%	1h	153.10	+0.051%	$11K	$187K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.078%	$734K	$971K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0338%	1h	153.08	+0.039%	$71K	$1.0M	10x	as long as short
Bitget SPCXUSDT	+0.0343%	8h	153.13	+0.072%	$31.3M	$66.6M	75x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.10	+0.054%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0475%	4h	153.08	+0.037%	$1.7M	$893K	20x	as long as short