Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0217%/8h= +23.7% APRpaid last 24h +0.079%

Price spread now: Coinbase International against BloFin+0.072%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs+$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.518%+$52 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.072%, 7d avg −0.009%

Together, before fees+0.432%+$43 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 0.081% dearer against BloFin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	152.23	0.0023	pay 0.0023% / 8h	51m 15s	$1.9M	$1.2M	75x
Short	Coinbase International SPCX-PERP-INTX	152.34	0.0240	get 0.0030% / 1h	51m 15s	$728K	$938K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.072%Rate

Funding earned: $45.47
Price spread: +0.072% → −0.009%: $8.09
Slippage, 4 orders: −$8.04
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $23.52
Costs to cover: 0.300%
Break-even: 3.4 days

Slippage from BloFin: live order book, 2 min ago; Coinbase International: live order book, 52 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 BloFin live order book, 2 min ago	0.99 bp	7.0 bp −$7	7.4 bp −$74	10.8 bp −$1,076	19.9 bp −$9,967
Sell Coinbase International live order book, 52 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	−0.056%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.21	−0.013%	$96.1M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.28	+0.033%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.336%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.24	+0.007%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.43	+0.131%	$8K	$894K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.32	+0.059%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0013%	8h	152.24	+0.007%	$30.5M	$42.7M	100x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.18	−0.033%	$89K	$1.3M	10x	as long as short
BloFin SPCX-USDTlong	+0.0023%	8h	152.23	long leg	$1.9M	$1.2M	75x

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	−0.041%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.16	−0.046%	$2.5M	$7.2M	20x	as long as short
Lighter SPCX	+0.0040%	1h	152.17	−0.039%	$1.6M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.19	−0.026%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.24	+0.007%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.15	−0.053%	$129.9M	$129.1M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.18	−0.033%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.23	0.000%	$530K	$375K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.07	−0.105%	$3.2M	$2.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0061%	1h	152.20	−0.020%	$487K	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.22	−0.007%	$1.2M	$5.5M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.14	−0.059%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.16	−0.046%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.26	+0.020%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.23	0.000%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.23	+0.001%	$88	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0114%	8h	152.21	−0.012%	$100	—	5x	as long as short
Bullet SPCX-USD	+0.0117%	1h	152.22	−0.004%	$11K	$192K	10x	as long as short
Variational Omni SPCX	+0.0132%	8h	152.31	+0.050%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0143%	8h	152.23	−0.002%	$252.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.19	−0.027%	$724K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0154%	8h	152.24	+0.007%	$39.6M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0189%	1h	152.15	−0.052%	$627K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0240%	1h	152.34	+0.072%	$728K	$938K	10x
edgeX SPCXUSDC	+0.0365%	4h	152.24	+0.007%	$1.7M	$891K	20x	as long as short
Phoenix SPCX	+0.0368%	1h	152.31	+0.053%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0410%	8h	152.35	+0.082%	$18.9M	$28.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.55	+0.210%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.29	+0.039%	$392K	$502K	20x	as long as short