Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.044%

Price spread now: Paradex against Coinbase International−0.028%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Paradex is 0.028% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SPCX-PERP-INTX	152.70	0.0136	pay 0.0017% / 1h	26m 57s	$735K	$1.1M	10x
Short	Paradex SPCX-USD-PERP	152.66	0.0050	get 0.0050% / 8h	5h 26m	$101	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$18
Price spread: −0.028% → 0.000%: −$2.79
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$34.79
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 5 min ago; Paradex: 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, 5 min ago	3.93 bp	8.9 bp −$9	12.1 bp −$121	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 38 exchanges

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	152.57	−0.085%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0076%	8h	152.71	+0.007%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.67	−0.020%	$30.0M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.65	−0.033%	$96.2M	$32.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.72	+0.013%	$31.1M	$67.0M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.71	+0.007%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.86	+0.105%	$8K	$814K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.59	−0.072%	$44K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.74	+0.026%	$1.3M	$1.7M	75x	as long as short
Variational Omni SPCX	+0.0010%	8h	152.62	−0.053%	$5.9M	$2.7M	—	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0020%	1h	152.61	−0.060%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0030%	1h	152.67	−0.020%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.62	−0.052%	$1.6M	$7.5M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.59	−0.072%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.052%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.57	−0.085%	$103K	$292K	5x	as long as short
Binance SPCXUSDT	+0.0044%	8h	152.68	−0.013%	$251.7M	$1.38B	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.61	−0.059%	—	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0048%	1h	152.63	−0.047%	$728K	$5.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.59	−0.072%	$128.3M	$129.9M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.63	−0.046%	$1.7M	$56K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	−0.052%	$532K	$371K	50x	as long as short
Paradex SPCX-USD-PERPshort	+0.0050%	8h	152.66	−0.028%	$101	—	5x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.57	−0.085%	$3.0M	$2.1M	10x	as long as short
RISEx SPCX/USDC	+0.0051%	1h	152.70	−0.002%	$351K	$518K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0076%	8h	152.70	0.000%	$39.5M	$168.6M	75x	as long as short
Bullet SPCX-USD	+0.0091%	1h	152.69	−0.007%	$11K	$191K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.60	−0.065%	$169K	$114K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.57	−0.085%	$13.0M	$6.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.54	−0.105%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.67	−0.020%	$15K	$7K	10x	as long as short
Polymarket Perps SPCX-USD	+0.0100%	1h	152.68	−0.013%	$487K	$1.1M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.64	−0.040%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0111%	1h	152.62	−0.055%	$632K	$805K	20x	as long as short
edgeX SPCXUSDC	+0.0130%	4h	152.63	−0.049%	$1.7M	$888K	20x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0136%	1h	152.70	long leg	$735K	$1.1M	10x
Phoenix SPCX	+0.0209%	1h	152.64	−0.039%	$448K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0397%	8h	152.80	+0.065%	$19.0M	$30.6M	20x	as long as short