Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.033%

Price spread now: Orderly against Coinbase International+0.007%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SPCX-PERP-INTX	152.34	0.0240	pay 0.0030% / 1h	53m 43s	$728K	$931K	10x
Short	Orderly PERP_SPCX_USDC_mythos	152.35	0.0100	get 0.0100% / 8h	53m 43s	$14K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.007%Rate

Funding earned: −$29.4
Price spread: +0.007% → 0.000%: $0.66
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$44.74
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 50 min ago; Orderly: no order-book sample. 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 Coinbase International live order book, 50 min ago	2.95 bp	8.0 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 −0.0234% / S +0.0471%	1h	152.25	−0.062%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.29	−0.033%	$96.1M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.34	0.000%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.255%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.31	−0.020%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.51	+0.112%	$8K	$894K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.41	+0.046%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0015%	8h	152.29	−0.033%	$30.5M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0025%	8h	152.41	+0.046%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.25	−0.058%	$7K	$8K	10x	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	152.20	−0.092%	$2.5M	$7.2M	20x	as long as short
Lighter SPCX	+0.0040%	1h	152.22	−0.079%	$1.6M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.24	−0.066%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.30	−0.026%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.20	−0.092%	$129.9M	$129.1M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.28	−0.039%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.33	−0.007%	$530K	$375K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.17	−0.112%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.29	−0.033%	$1.2M	$5.5M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.22	−0.079%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.20	−0.092%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.23	−0.072%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythosshort	+0.0100%	8h	152.35	+0.007%	$14K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	152.31	−0.017%	$88	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0106%	1h	152.31	−0.020%	$487K	$1.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0118%	8h	152.32	−0.014%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0132%	8h	152.31	−0.022%	$5.9M	$2.8M	—	as long as short
Extended SPCX-USD	+0.0144%	1h	152.28	−0.041%	$724K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0145%	8h	152.28	−0.039%	$251.8M	$1.36B	75x	as long as short
Bullet SPCX-USD	+0.0151%	1h	152.33	−0.007%	$11K	$192K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	152.29	−0.033%	$39.6M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0204%	1h	152.19	−0.096%	$626K	$804K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.35	+0.007%	$443K	$266K	15x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0240%	1h	152.34	long leg	$728K	$931K	10x
Deribit SPCX_USDC-PERPETUAL	+0.0341%	1h	152.29	−0.033%	$89K	$1.3M	10x	as long as short
Aster SPCXUSD1	+0.0412%	8h	152.42	+0.052%	$18.9M	$28.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.61	+0.177%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.38	+0.026%	$392K	$502K	20x	as long as short
edgeX SPCXUSDC	+0.0932%	4h	152.31	−0.022%	$1.7M	$891K	20x	as long as short