Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.022%

Price spread now: Gate against Extended+0.016%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 7 days+0.128%+$13 · spread now +0.016%, 7d avg +0.055%

Together, before fees+0.062%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.038% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPCX-USD	152.74	0.0096	pay 0.0012% / 1h	7m 00s	$731K	$4.6M	10x
Short	Gate SPCX_USDT	152.76	0	get 0.0000% / 8h	2h 07m	$96.2M	$31.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.016%Rate

Funding earned: −$20.16
Price spread: +0.016% → +0.055%: −$3.85
Slippage, 4 orders: −$8.3
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.31
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Gate: 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 Extended live order book, 2 min ago	0.33 bp	2.8 bp −$3	5.5 bp −$55	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.65 bp	11.7 bp −$12	20.2 bp −$202	28.8 bp −$2,881	45.0 bp −$22.5K

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	152.69	−0.033%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0020%	8h	152.69	−0.030%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.78	+0.029%	$30.7M	$42.7M	100x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.76	+0.016%	$96.2M	$31.9M	100x
Bitget SPCXUSDT	0.0000%	8h	152.79	+0.036%	$31.2M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.962%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.77	+0.023%	$301K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.96	+0.147%	$8K	$898K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.72	−0.010%	$88K	$1.3M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.81	+0.049%	$1.3M	$1.8M	75x	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	+0.0017%	1h	152.65	−0.053%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.71	−0.016%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.68	−0.036%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.66	−0.049%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.72	−0.010%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.77	+0.023%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.67	−0.043%	$130.3M	$129.0M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.70	−0.023%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.74	+0.003%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.79	+0.036%	$531K	$385K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.60	−0.088%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.78	+0.027%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0089%	8h	152.72	−0.011%	$6.0M	$2.8M	—	as long as short
Nado SPCX-PERP	+0.0096%	1h	152.70	−0.020%	$613K	$801K	20x	as long as short
Extended SPCX-USDlong	+0.0096%	1h	152.74	long leg	$731K	$4.6M	10x
Binance SPCXUSDT	+0.0100%	8h	152.76	+0.016%	$250.1M	$1.36B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.66	−0.049%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.65	−0.056%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.69	−0.030%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.76	+0.016%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.75	+0.009%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0114%	8h	152.78	+0.029%	$39.6M	$166.8M	75x	as long as short
Bullet SPCX-USD	+0.0125%	1h	152.77	+0.023%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.79	+0.039%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.70	−0.023%	$731K	$938K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.78	+0.029%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0357%	8h	152.78	+0.033%	$18.9M	$24.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.00	+0.173%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0483%	4h	152.72	−0.012%	$1.7M	$891K	20x	as long as short