Funding you earn now, next payment 04:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.04 per $10,000 · paid last 24h −0.006%
Price spread now: Coinbase International against RISEx−0.067%7-day average −0.047% · 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−$27as in the Price arb table
costs, in and out, $10k−$250.248% of the position
Funding, last 4 days (all we have)+0.086%+$9 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.067%, 7d avg −0.047%
=Funding pays, the price is against you. Coinbase International is 0.020% cheaper against RISEx than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of −0.047%). If the spread goes back, that is −$2 on $10k: about 2.1 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.086% in total) that is about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx SPCX/USDC | 152.54 | 0.0217 | pay 0.0027% / 1h | 3m 36s | $408K | $522K | 20x |
| Short | Coinbase International SPCX-PERP-INTX | 152.44 | 0.0248 | get 0.0031% / 1h | 3m 36s | $739K | $931K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against RISEx. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $6.59
- Price spread: −0.067% → −0.047%
- −$2.02
- Slippage, 4 orders
- −$8.77
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$20.2
- Costs to cover
- 0.248%
- Break-even
- 28.5 days
Slippage from RISEx: live order book, 50 min ago; Coinbase International: live order book, 50 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 RISEx live order book, 50 min ago | 1.31 bp | 4.3 bp −$4 | 5.0 bp −$50 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 50 min ago | 2.94 bp | 7.9 bp −$8 | 8.5 bp −$85 | 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 −0.0224% / S +0.0463% | 1h | 152.41 | −0.090% | $90K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.48 | −0.041% | $96.3M | $31.6M | 100x | as long as short |
| Bitget SPCXUSDT | 0.0000% | 8h | 152.57 | +0.018% | $31.3M | $65.8M | 75x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.53 | +13.102% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.55 | +0.005% | $300K | $2.9M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 152.63 | +0.058% | $8K | $916K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.57 | +0.018% | $1.3M | $1.8M | 75x | as long as short |
| Bybit SPCXUSDT | +0.0003% | 8h | 152.50 | −0.028% | $30.6M | $42.7M | 100x | as long as short |
| BloFin SPCX-USDT | +0.0014% | 8h | 152.53 | −0.008% | $1.9M | $1.3M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0029% | 1h | 152.39 | −0.101% | $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 | 152.43 | −0.074% | $2.5M | $7.4M | 20x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.41 | −0.087% | $105K | $297K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.49 | −0.034% | — | $1.2M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.45 | −0.060% | $490K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.51 | −0.021% | $1.7M | $99K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.52 | −0.015% | $532K | $388K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.33 | −0.139% | $3.2M | $2.3M | 10x | as long as short |
| QFEX SPCX-USD | +0.0050% | 1h | 152.47 | −0.047% | $1.2M | $5.7M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0055% | 8h | 152.52 | −0.012% | $101 | — | 5x | as long as short |
| Lighter SPCX | +0.0056% | 1h | 152.46 | −0.054% | $1.6M | $7.5M | 20x | as long as short |
| tradeXYZ xyz:SPCX | +0.0060% | 1h | 152.37 | −0.113% | $131.0M | $128.4M | 20x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.44 | −0.067% | $169K | $120K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.36 | −0.119% | $13.0M | $5.4M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.45 | −0.060% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.53 | −0.008% | $14K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.51 | −0.022% | $88 | — | 10x | as long as short |
| Variational Omni SPCX | +0.0125% | 8h | 152.47 | −0.048% | $6.0M | $2.9M | — | as long as short |
| Binance SPCXUSDT | +0.0133% | 8h | 152.50 | −0.028% | $250.6M | $1.36B | 75x | as long as short |
| Extended SPCX-USD | +0.0136% | 1h | 152.47 | −0.047% | $731K | $4.6M | 10x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0141% | 8h | 152.52 | −0.015% | $39.4M | $166.3M | 75x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0144% | 1h | 152.48 | −0.041% | $87K | $1.2M | 10x | as long as short |
| Nado SPCX-PERP | +0.0186% | 1h | 152.43 | −0.074% | $613K | $803K | 20x | as long as short |
| Bullet SPCX-USD | +0.0192% | 1h | 152.53 | −0.008% | $11K | $192K | 10x | as long as short |
| RISEx SPCX/USDClong | +0.0217% | 1h | 152.54 | long leg | $408K | $522K | 20x | |
| Coinbase International SPCX-PERP-INTXshort | +0.0248% | 1h | 152.44 | −0.067% | $739K | $931K | 10x | |
| Phoenix SPCX | +0.0261% | 1h | 152.42 | −0.080% | $443K | $264K | 15x | as long as short |
| Aster SPCXUSD1 | +0.0404% | 8h | 152.57 | +0.018% | $18.9M | $24.0M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0440% | 1h | 153.19 | +0.425% | $9K | $28K | 5.5x | as long as short |
| edgeX SPCXUSDC | +0.0883% | 4h | 152.48 | −0.039% | $1.7M | $893K | 20x | as long as short |
RISEx SPCX/USDC
Coinbase International SPCX-PERP-INTX
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
Bitget SPCXUSDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Bybit SPCXUSDT
BloFin SPCX-USDT
Aftermath Perps SPCXUSD
Lighter RH SPCX
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Paradex SPCX-USD-PERP
Lighter SPCX
tradeXYZ xyz:SPCX
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Variational Omni SPCX
Binance SPCXUSDT
Extended SPCX-USD
OKX SPCX-USDT-SWAP
Deribit SPCX_USDC-PERPETUAL
Bullet SPCX-USD
Phoenix SPCX
Aster SPCXUSD1
Injective SPCX/USDC PERP
edgeX SPCXUSDC