Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.6% APRpaid last 24h −0.013%

Price spread now: Gate against Aftermath Perps+0.061%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Gate

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—needs both histories

The price spread pays, funding is against you. Gate is 0.061% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps SPCXUSD	152.22	0.0023	pay 0.0003% / 1h	13m 45s	$7K	$8K	10x
Short	Gate SPCX_USDT	152.31	0	get 0.0000% / 8h	13m 45s	$96.2M	$32.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aftermath Perps. 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 Aftermath PerpsbpFee GatebpOrdersPrice spread, now +0.061%Rate

Funding earned: −$4.92
Price spread: +0.061% → 0.000%: $6.14
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$22.78
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Gate: live order book, 5 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	0.33 bp	12.0 bp −$12	16.3 bp −$163	31.1 bp −$3,114	50.8 bp −$25.4K

Aftermath Perps: 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 −0.0187% / S +0.0435%	1h	152.24	+0.012%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.32	+0.068%	$30.5M	$42.8M	100x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.31	+0.061%	$96.2M	$32.0M	100x
Bitget SPCXUSDT	0.0000%	8h	152.34	+0.081%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.343%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.33	+0.075%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.56	+0.226%	$8K	$889K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.39	+0.114%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0007%	8h	152.31	+0.061%	$1.9M	$1.2M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.28	+0.042%	$89K	$1.4M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSDlong	+0.0023%	1h	152.22	long leg	$7K	$8K	10x
Lighter SPCX	+0.0032%	1h	152.24	+0.015%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.22	+0.002%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.24	+0.015%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.32	+0.068%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.23	+0.009%	$129.7M	$129.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.27	+0.035%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.29	+0.048%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.31	+0.061%	$530K	$371K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.17	−0.031%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.28	+0.042%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0078%	8h	152.32	+0.071%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.23	+0.009%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.17	−0.031%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.32	+0.068%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.29	+0.048%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.31	+0.063%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0115%	8h	152.29	+0.049%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0126%	8h	152.34	+0.079%	$253.2M	$1.36B	75x	as long as short
Bullet SPCX-USD	+0.0127%	1h	152.33	+0.075%	$11K	$192K	10x	as long as short
Extended SPCX-USD	+0.0128%	1h	152.29	+0.051%	$724K	$5.3M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0141%	8h	152.34	+0.081%	$39.7M	$166.7M	75x	as long as short
Nado SPCX-PERP	+0.0156%	1h	152.26	+0.026%	$631K	$804K	20x	as long as short
edgeX SPCXUSDC	+0.0230%	4h	152.30	+0.054%	$1.7M	$891K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.081%	$728K	$930K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.31	+0.061%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0396%	8h	152.42	+0.133%	$18.9M	$29.9M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.58	+0.239%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.37	+0.104%	$381K	$507K	20x	as long as short