Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8hnext payment −$0.50 per $10,000 · paid last 24h −0.015%

Price spread now: Gate against Phemex−0.033%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$860.858% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.033%, 7d avg +0.034%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.067% cheaper against Phemex than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.034%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SPCXUSDT	152.24	0.0050	pay 0.0050% / 8h	4h 04m	$537K	$393K	50x
Short	Gate SPCX_USDT	152.19	0	get 0.0000% / 8h	4h 04m	$96.4M	$30.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now −0.033%Rate

Funding earned: −$10.5
Price spread: −0.033% → +0.034%: −$6.65
Slippage, 4 orders: −$58.81
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$102.96
Costs to cover: 0.858%
Break-even: never at this rate

Slippage from Phemex: live order book, 26 min ago; Gate: live order book, 4 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 Phemex live order book, 26 min ago	0.99 bp	43.2 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.33 bp	12.7 bp −$13	20.8 bp −$208	33.9 bp −$3,392	48.7 bp −$24.4K

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 −0.0207% / S +0.0442%	1h	152.06	−0.122%	$88K	—	20x	as long as short
BloFin SPCX-USDT	−0.0046%	8h	152.11	−0.085%	$1.9M	$1.3M	75x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.19	−0.033%	$96.4M	$30.5M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.49	+13.305%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.04	−0.131%	$300K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.12	−0.079%	$8K	$996K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.03	−0.138%	$1.3M	$1.6M	75x	as long as short
Lighter SPCX	+0.0032%	1h	152.17	−0.046%	$1.6M	$7.1M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.15	−0.059%	$2.4M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.291%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SPCX-USDT-SWAP	+0.0037%	8h	152.19	−0.033%	$39.2M	$164.9M	75x	as long as short
Variational Omni SPCX	+0.0039%	8h	152.09	−0.096%	$6.0M	$4.4M	—	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.05	−0.125%	—	$948K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.22	−0.013%	$129.7M	$102.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	151.94	−0.197%	$487K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.17	−0.046%	$1.7M	$80K	20x	as long as short
Phemex SPCXUSDTlong	+0.0050%	8h	152.24	long leg	$537K	$393K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	151.91	−0.217%	$3.1M	$2.5M	10x	as long as short
QFEX SPCX-USD	+0.0060%	1h	151.99	−0.164%	$1.2M	$7.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0062%	8h	152.01	−0.150%	$100	—	5x	as long as short
Bybit SPCXUSDT	+0.0062%	8h	152.20	−0.026%	$30.5M	$41.1M	100x	as long as short
Aster SPCXUSD1	+0.0069%	8h	152.22	−0.013%	$17.8M	$19.6M	20x	as long as short
Extended SPCX-USD	+0.0072%	1h	152.19	−0.032%	$712K	$3.5M	10x	as long as short
Binance SPCXUSDT	+0.0074%	8h	152.16	−0.053%	$253.7M	$1.35B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	151.93	−0.204%	$175K	$137K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.09	−0.099%	$13.0M	$4.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	151.97	−0.177%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.10	−0.092%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.20	−0.027%	$88	—	10x	as long as short
edgeX SPCXUSDC	+0.0129%	4h	152.34	+0.063%	$1.7M	$893K	20x	as long as short
Aftermath Perps SPCXUSD	+0.0141%	1h	152.02	−0.144%	$7K	$10K	10x	as long as short
Bullet SPCX-USD	+0.0154%	1h	152.11	−0.085%	$11K	$191K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0176%	1h	152.06	−0.118%	$747K	$928K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.13	−0.072%	$370K	$186K	15x	as long as short
Arcus SPCX-USD	+0.0250%	1h	151.97	−0.177%	$105K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0260%	1h	151.95	−0.191%	$669K	$838K	20x	as long as short
Bitget SPCXUSDT	+0.0267%	8h	152.21	−0.020%	$29.3M	$64.1M	75x	as long as short
RISEx SPCX/USDC	+0.0357%	1h	152.04	−0.130%	$319K	$481K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0473%	1h	152.19	−0.033%	$70K	$995K	10x	as long as short