Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h +0.061%

Price spread now: Coinbase International against HTX0.000%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.314%+$31 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now 0.000%, 7d avg −0.006%

Together, before fees+0.282%+$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SPCX-USDT	152.62	0	get 0.0000% / 8h	1h 44m	$1.3M	$1.8M	75x
Short	Coinbase International SPCX-PERP-INTX	152.62	0.0192	get 0.0024% / 1h	44m 21s	$726K	$932K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now 0.000%Rate

Funding earned: $40.32
Price spread: 0.000% → −0.006%: $0.59
Slippage, 4 orders: −$12.23
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $6.67
Costs to cover: 0.342%
Break-even: 5.8 days

Slippage from HTX: live order book, 4 min ago; Coinbase International: live order book, 64 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 HTX live order book, 4 min ago	1.97 bp	8.0 bp −$8	8.0 bp −$80	12.0 bp −$1,200	doesn't fit
Sell Coinbase International live order book, 64 min ago	2.95 bp	8.1 bp −$8	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	152.49	−0.088%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0018%	8h	152.59	−0.020%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.56	−0.039%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.53	−0.059%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.59	−0.020%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.046%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.62	0.000%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.82	+0.131%	$8K	$897K	10x	as long as short
HTX SPCX-USDTlong	0.0000%	8h	152.62	long leg	$1.3M	$1.8M	75x
Aftermath Perps SPCXUSD	+0.0020%	1h	152.50	−0.077%	$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	152.47	−0.098%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.55	−0.046%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.50	−0.079%	$105K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.50	−0.079%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.54	−0.052%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.49	−0.085%	$531K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.39	−0.151%	$3.2M	$2.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0055%	1h	152.53	−0.059%	$487K	$1.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.60	−0.012%	$408K	$498K	20x	as long as short
Paradex SPCX-USD-PERP	+0.0075%	8h	152.58	−0.023%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0076%	1h	152.47	−0.098%	$130.1M	$129.1M	20x	as long as short
Variational Omni SPCX	+0.0084%	8h	152.58	−0.027%	$6.0M	$2.8M	—	as long as short
Lighter SPCX	+0.0088%	1h	152.49	−0.085%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.47	−0.098%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.47	−0.098%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.62	0.000%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.57	−0.033%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0102%	8h	152.57	−0.033%	$250.8M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.54	−0.055%	$733K	$4.5M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.56	−0.040%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0114%	8h	152.58	−0.026%	$39.6M	$166.8M	75x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0192%	1h	152.62	0.000%	$726K	$932K	10x
Phoenix SPCX	+0.0210%	1h	152.56	−0.039%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0221%	1h	152.42	−0.128%	$627K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0256%	1h	152.56	−0.038%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0362%	8h	152.69	+0.045%	$18.9M	$26.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.177%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0472%	1h	152.52	−0.066%	$89K	$1.3M	10x	as long as short
edgeX SPCXUSDC	+0.0758%	4h	152.59	−0.021%	$1.7M	$893K	20x	as long as short