Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.010%

Price spread now: Gate against QFEX−0.007%7-day average +0.008% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days−0.010%−$1 · spread now −0.007%, 7d avg +0.008%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$1 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	153.01	0.0048	pay 0.0006% / 1h	3m 55s	$1.2M	$6.4M	10x
Short	Gate SPCX_USDT	153.00	0	get 0.0000% / 8h	5h 03m	$96.1M	$31.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.007%Rate

Funding earned: −$10.16
Price spread: −0.007% → +0.008%: −$1.42
Slippage, 4 orders: −$10.17
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.76
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	1.63 bp	6.6 bp −$7	8.3 bp −$83	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.33 bp	10.0 bp −$10	15.3 bp −$153	35.7 bp −$3,572	55.4 bp −$27.7K

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 −0.0333% / S +0.0531%	1h	152.99	−0.016%	$88K	—	20x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	153.00	−0.007%	$96.1M	$31.3M	100x
Bitget SPCXUSDT	0.0000%	8h	153.04	+0.020%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.754%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.046%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.24	+0.150%	$8K	$936K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.10	+0.059%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0018%	8h	153.03	+0.013%	$30.8M	$42.9M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.99	−0.011%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.96	−0.033%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.96	−0.033%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.02	+0.007%	—	$1.2M	10x	as long as short
QFEX SPCX-USDlong	+0.0048%	1h	153.01	long leg	$1.2M	$6.4M	10x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.98	−0.020%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	0.000%	$1.7M	$94K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	−0.007%	$532K	$400K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.88	−0.085%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0060%	8h	153.03	+0.013%	$1.9M	$1.4M	75x	as long as short
Lighter SPCX	+0.0064%	1h	153.00	−0.007%	$1.6M	$7.2M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0075%	8h	153.03	+0.013%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.93	−0.052%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.94	−0.046%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.95	−0.039%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.04	+0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.02	+0.009%	$89	—	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	152.99	−0.013%	$73K	$1.2M	10x	as long as short
Variational Omni SPCX	+0.0167%	8h	153.01	−0.003%	$6.0M	$3.1M	—	as long as short
Bullet SPCX-USD	+0.0169%	1h	153.02	+0.008%	$11K	$191K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0172%	8h	153.04	+0.020%	$39.5M	$167.0M	75x	as long as short
Extended SPCX-USD	+0.0176%	1h	152.99	−0.012%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0179%	8h	153.04	+0.020%	$252.5M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0186%	1h	152.99	−0.013%	$142.0M	$118.9M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.06	+0.029%	$410K	$532K	20x	as long as short
Nado SPCX-PERP	+0.0220%	1h	152.95	−0.040%	$617K	$826K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	+0.020%	$738K	$979K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.03	+0.013%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0415%	8h	153.12	+0.072%	$19.0M	$17.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.176%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0447%	4h	153.03	+0.010%	$1.7M	$892K	20x	as long as short