SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0154%/8h= +16.9% APRnext payment +$0.19 per $10,000 · paid last 24h +0.049%

Price spread now: Coinbase International against QFEX+0.033%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.182%+$18 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.033%, 7d avg +0.016%

Together, before fees+0.125%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SPCX-USD	152.57	0.0038	pay 0.0005% / 1h	51m 47s	$1.2M	$5.5M	10x
Short	Coinbase International SPCX-PERP-INTX	152.62	0.0192	get 0.0024% / 1h	51m 47s	$726K	$932K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against QFEX. 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 QFEXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.033%Rate

Funding earned: $32.41
Price spread: +0.033% → +0.016%: $1.71
Slippage, 4 orders: −$9.3
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $4.81
Costs to cover: 0.293%
Break-even: 6.0 days

Slippage from QFEX: live order book, 7 min ago; Coinbase International: live order book, 57 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 QFEX live order book, 7 min ago	1.64 bp	6.6 bp −$7	10.0 bp −$100	doesn't fit	doesn't fit
Sell Coinbase International live order book, 57 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	152.51	−0.036%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0025%	8h	152.61	+0.026%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.61	+0.026%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.58	+0.007%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.62	+0.033%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.081%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.61	+0.026%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.177%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.64	+0.046%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.52	−0.031%	$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	152.49	−0.052%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USDlong	+0.0038%	1h	152.57	long leg	$1.2M	$5.5M	10x
Arcus SPCX-USD	+0.0040%	1h	152.53	−0.026%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.55	−0.013%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.56	−0.007%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.56	−0.007%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.53	−0.026%	$530K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.44	−0.085%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0067%	8h	152.63	+0.037%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.59	+0.012%	$408K	$505K	20x	as long as short
Variational Omni SPCX	+0.0073%	8h	152.63	+0.038%	$6.0M	$2.8M	—	as long as short
tradeXYZ xyz:SPCX	+0.0082%	1h	152.53	−0.026%	$130.1M	$129.0M	20x	as long as short
Lighter SPCX	+0.0096%	1h	152.51	−0.039%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.58	+0.005%	$732K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0097%	8h	152.62	+0.033%	$250.1M	$1.36B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.48	−0.059%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.49	−0.052%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.54	−0.020%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.60	+0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.58	+0.009%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0110%	8h	152.63	+0.039%	$39.6M	$166.9M	75x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0192%	1h	152.62	+0.033%	$726K	$932K	10x
Nado SPCX-PERP	+0.0208%	1h	152.45	−0.078%	$613K	$801K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.55	−0.013%	$443K	$266K	15x	as long as short
Bullet SPCX-USD	+0.0245%	1h	152.60	+0.023%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0356%	8h	152.73	+0.102%	$18.9M	$25.5M	20x	as long as short
edgeX SPCXUSDC	+0.0371%	4h	152.59	+0.011%	$1.7M	$891K	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.210%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0537%	1h	152.56	−0.007%	$89K	$1.3M	10x	as long as short