Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h −0.019%

Price spread now: KuCoin against Coinbase International−0.118%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.308%−$31 on $10k

Price spread, last 3 days (all we have)+0.184%+$18 · spread now −0.118%, 7d avg −0.043%

Together, before fees−0.124%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.075% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SPCX-PERP-INTX	153.14	0.0328	pay 0.0041% / 1h	46m 08s	$734K	$971K	10x
Short	KuCoin SPCXUSDTM	152.96	0.0100	get 0.0100% / 8h	7h 46m	$13.0M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$47.88
Price spread: −0.118% → −0.043%: −$7.5
Slippage, 4 orders: −$20.13
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$97.5
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 27 min ago; KuCoin: 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 Coinbase International live order book, 27 min ago	1.96 bp	7.0 bp −$7	11.2 bp −$112	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	0.65 bp	13.2 bp −$13	38.1 bp −$381	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 −0.0298% / S +0.0506%	1h	153.06	−0.049%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.07	−0.046%	$96.6M	$31.1M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.654%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.131%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.35	+0.137%	$8K	$962K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.10	−0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.99	−0.097%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.04	−0.065%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.01	−0.085%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.684%	$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	153.07	−0.046%	$1.7M	$81K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.10	−0.026%	$534K	$415K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.89	−0.163%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.05	−0.059%	$1.2M	$7.5M	10x	as long as short
BloFin SPCX-USDT	+0.0094%	8h	153.11	−0.020%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	153.01	−0.085%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.96	−0.118%	$13.0M	$5.5M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	153.14	0.000%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	−0.026%	$15K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0101%	8h	153.11	−0.022%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.08	−0.038%	$89	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0104%	1h	153.06	−0.052%	$490K	$1.1M	10x	as long as short
Nado SPCX-PERP	+0.0191%	1h	152.98	−0.104%	$602K	$865K	20x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.03	−0.072%	$105K	$297K	5x	as long as short
Bybit SPCXUSDT	+0.0198%	8h	153.13	−0.007%	$30.8M	$42.8M	100x	as long as short
Variational Omni SPCX	+0.0199%	8h	153.08	−0.038%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0206%	8h	153.10	−0.026%	$39.1M	$169.3M	75x	as long as short
Extended SPCX-USD	+0.0216%	1h	153.06	−0.053%	$732K	$3.7M	10x	as long as short
Binance SPCXUSDT	+0.0217%	8h	153.09	−0.033%	$252.7M	$1.38B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0286%	1h	153.06	−0.052%	$143.4M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0305%	1h	153.09	−0.032%	$12K	$187K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.06	−0.052%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0328%	1h	153.14	long leg	$734K	$971K	10x
Aster SPCXUSD1	+0.0332%	8h	153.05	−0.057%	$19.0M	$20.1M	20x	as long as short
Bitget SPCXUSDT	+0.0348%	8h	153.12	−0.013%	$31.3M	$66.6M	75x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.11	−0.020%	$401K	$535K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0469%	1h	153.08	−0.039%	$71K	$1.0M	10x	as long as short
edgeX SPCXUSDC	+0.0529%	4h	153.08	−0.042%	$1.7M	$893K	20x	as long as short