Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0237%/8h= +26.0% APRpaid last 24h +0.079%

Price spread now: Coinbase International against BloFin+0.013%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$320.315% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.518%+$52 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.013%, 7d avg −0.009%

Together, before fees+0.491%+$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.022% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	152.32	0.0003	pay 0.0003% / 8h	9m 08s	$1.9M	$1.2M	75x
Short	Coinbase International SPCX-PERP-INTX	152.34	0.0240	get 0.0030% / 1h	9m 08s	$728K	$930K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.013%Rate

Funding earned: $49.77
Price spread: +0.013% → −0.009%: $2.18
Slippage, 4 orders: −$9.53
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $20.42
Costs to cover: 0.315%
Break-even: 4.1 days

Slippage from BloFin: live order book, 4 min ago; Coinbase International: live order book, 29 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 BloFin live order book, 4 min ago	0.99 bp	7.0 bp −$7	7.1 bp −$71	8.5 bp −$855	13.5 bp −$6,770
Sell Coinbase International live order book, 29 min ago	2.95 bp	9.4 bp −$9	11.8 bp −$118	doesn't fit	doesn't fit

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	−0.056%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.31	−0.007%	$30.5M	$42.8M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.31	−0.007%	$96.3M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.32	0.000%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.262%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.33	+0.007%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.57	+0.164%	$8K	$889K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.35	+0.020%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDTlong	+0.0003%	8h	152.32	long leg	$1.9M	$1.2M	75x
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.29	−0.020%	$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 SPCXUSD	+0.0023%	1h	152.25	−0.048%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.25	−0.046%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.23	−0.059%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.24	−0.053%	$102K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.32	0.000%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.22	−0.066%	$129.7M	$129.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.27	−0.033%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.27	−0.033%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.29	−0.020%	$529K	$370K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.15	−0.112%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.28	−0.026%	$1.2M	$5.4M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0075%	8h	152.30	−0.012%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.22	−0.066%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.18	−0.092%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.33	+0.007%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.34	+0.013%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.32	−0.001%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0111%	8h	152.30	−0.016%	$5.9M	$2.8M	—	as long as short
Extended SPCX-USD	+0.0120%	1h	152.30	−0.015%	$724K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0123%	8h	152.31	−0.009%	$253.2M	$1.36B	75x	as long as short
Bullet SPCX-USD	+0.0123%	1h	152.32	0.000%	$11K	$192K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0138%	8h	152.31	−0.007%	$39.7M	$166.8M	75x	as long as short
Nado SPCX-PERP	+0.0154%	1h	152.27	−0.035%	$631K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0240%	1h	152.34	+0.013%	$728K	$930K	10x
Phoenix SPCX	+0.0368%	1h	152.30	−0.013%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0391%	8h	152.42	+0.063%	$18.9M	$30.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.58	+0.171%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.35	+0.023%	$381K	$505K	20x	as long as short
edgeX SPCXUSDC	+0.0590%	4h	152.29	−0.018%	$1.7M	$889K	20x	as long as short