Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.026%

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

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

Long on Orderly Short on Coinbase International

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	Orderly PERP_SPCX_USDC_mythos	152.45	0.0100	pay 0.0100% / 8h	3h 07m	$14K	$7K	10x
Short	Coinbase International SPCX-PERP-INTX	152.44	0.0248	get 0.0031% / 1h	7m 24s	$739K	$931K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now −0.007%Rate

Funding earned: $31.08
Price spread: −0.007% → 0.000%: −$0.66
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $14.42
Costs to cover: 0.160%
Break-even: 3.8 days

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 46 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 46 min ago	2.94 bp	7.9 bp −$8	8.5 bp −$85	doesn't fit	doesn't fit

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 −0.0265% / S +0.0494%	1h	152.31	−0.095%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.41	−0.026%	$96.2M	$31.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.46	+0.007%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.169%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.47	+0.013%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.63	+0.118%	$8K	$918K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.46	+0.007%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0006%	8h	152.42	−0.020%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0018%	8h	152.45	0.000%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.42	−0.021%	$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	152.34	−0.072%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.36	−0.059%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.42	−0.020%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.39	−0.039%	$489K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.40	−0.033%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.44	−0.007%	$531K	$390K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.26	−0.125%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.39	−0.039%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.43	−0.016%	$101	—	5x	as long as short
edgeX SPCXUSDC	+0.0059%	4h	152.42	−0.021%	$1.7M	$892K	20x	as long as short
Lighter SPCX	+0.0064%	1h	152.36	−0.059%	$1.6M	$7.5M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0074%	1h	152.31	−0.092%	$131.0M	$128.3M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.33	−0.079%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.30	−0.098%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	−0.052%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythoslong	+0.0100%	8h	152.45	long leg	$14K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	152.42	−0.023%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0130%	8h	152.46	+0.004%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0135%	8h	152.43	−0.015%	$250.3M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.38	−0.046%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0141%	8h	152.46	+0.007%	$39.4M	$166.2M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.40	−0.033%	$87K	$1.2M	10x	as long as short
Nado SPCX-PERP	+0.0190%	1h	152.35	−0.065%	$613K	$801K	20x	as long as short
Bullet SPCX-USD	+0.0195%	1h	152.43	−0.016%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.46	+0.004%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0248%	1h	152.44	−0.007%	$739K	$931K	10x
Phoenix SPCX	+0.0261%	1h	152.42	−0.020%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	152.50	+0.031%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.485%	$9K	$28K	5.5x	as long as short