SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0187%/8h= +20.5% APRnext payment +$0.23 per $10,000 · paid last 24h +0.047%

Price spread now: Coinbase International against Polymarket Perps+0.092%47s7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.260% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.219%+$22 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.092%, 7d avg +0.033%

Together, before fees+0.163%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.059% dearer against Polymarket Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.033%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SPCX-USD	152.20	0.0053	pay 0.0007% / 1h	50m 25s	$487K	$1.2M	10x
Short	Coinbase International SPCX-PERP-INTX	152.34	0.0240	get 0.0030% / 1h	50m 25s	$728K	$938K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Polymarket Perps. 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 Polymarket PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now +0.092%Rate

Funding earned: $39.24
Price spread: +0.092% → +0.033%: $5.88
Slippage, 4 orders: −$8.04
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $19.09
Costs to cover: 0.260%
Break-even: 3.6 days

Slippage from Polymarket Perps: live order book, 3 min ago; Coinbase International: live order book, 53 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 Polymarket Perps live order book, 3 min ago	0.99 bp	5.0 bp −$5	5.4 bp −$54	7.7 bp −$774	doesn't fit
Sell Coinbase International live order book, 53 min ago	2.95 bp	8.1 bp −$8	10.5 bp −$105	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 −0.0234% / S +0.0471%	1h	152.15	−0.036%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.22	+0.013%	$96.1M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.28	+0.053%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.359%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.24	+0.026%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.43	+0.151%	$8K	$894K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.32	+0.079%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0013%	8h	152.24	+0.026%	$30.5M	$42.7M	100x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.18	−0.013%	$89K	$1.3M	10x	as long as short
BloFin SPCX-USDT	+0.0023%	8h	152.23	+0.020%	$1.9M	$1.2M	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	+0.0029%	1h	152.17	−0.021%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.17	−0.020%	$2.5M	$7.2M	20x	as long as short
Lighter SPCX	+0.0040%	1h	152.19	−0.007%	$1.6M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.18	−0.013%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.23	+0.020%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.16	−0.026%	$129.9M	$129.1M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.18	−0.013%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.23	+0.020%	$530K	$375K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.05	−0.099%	$3.2M	$2.2M	10x	as long as short
Polymarket Perps SPCX-USDlong	+0.0053%	1h	152.20	long leg	$487K	$1.2M	10x
QFEX SPCX-USD	+0.0070%	1h	152.21	+0.007%	$1.2M	$5.5M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.13	−0.046%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.15	−0.033%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.26	+0.039%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.23	+0.020%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.23	+0.021%	$88	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0112%	8h	152.20	+0.003%	$100	—	5x	as long as short
Bullet SPCX-USD	+0.0113%	1h	152.24	+0.027%	$11K	$192K	10x	as long as short
Variational Omni SPCX	+0.0128%	8h	152.20	−0.003%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0142%	8h	152.23	+0.022%	$252.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.19	−0.006%	$724K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0154%	8h	152.26	+0.039%	$39.6M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0183%	1h	152.15	−0.032%	$627K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0240%	1h	152.34	+0.092%	$728K	$938K	10x
edgeX SPCXUSDC	+0.0365%	4h	152.24	+0.026%	$1.7M	$891K	20x	as long as short
Phoenix SPCX	+0.0368%	1h	152.31	+0.072%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0410%	8h	152.36	+0.103%	$18.9M	$28.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.55	+0.230%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.27	+0.046%	$392K	$502K	20x	as long as short