Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.046%

Price spread now: Aster against Coinbase International+0.085%54s7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as 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−$250.251% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.254%−$25 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now +0.085%, 7d avg +0.017%

Together, before fees−0.207%+ Points / potential airdropAster: Stage 5 · farm board−$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.068% dearer against Coinbase International than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.017%. The two prices were read 54 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	Coinbase International SPCX-PERP-INTX	152.63	0.0256	pay 0.0032% / 1h	7m 24s	$741K	$947K	10x
Short	Aster SPCXUSD1	152.76	0.0259	get 0.0259% / 8h	1h 07m	$19.0M	$21.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0.54
Price spread: +0.085% → +0.017%: $6.83
Slippage, 4 orders: −$7.11
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.75
Costs to cover: 0.251%
Break-even: 238.1 days

Slippage from Coinbase International: live order book, 11 min ago; Aster: live order book, 2 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 Coinbase International live order book, 11 min ago	2.62 bp	7.6 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	0.33 bp	5.0 bp −$5	9.3 bp −$93	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 −0.0272% / S +0.0488%	1h	152.66	+0.016%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.68	+0.033%	$96.6M	$30.9M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.029%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.71	+0.052%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.89	+0.170%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.69	+0.039%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.56	−0.045%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.62	−0.007%	$1.7M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.62	−0.007%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.027%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.63	0.000%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.66	+0.020%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.66	+0.020%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.68	+0.033%	$538K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.52	−0.072%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.67	+0.026%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0080%	8h	152.66	+0.020%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0081%	8h	152.68	+0.035%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.59	−0.026%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.56	−0.046%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.69	+0.039%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.67	+0.026%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.69	+0.038%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0125%	1h	152.70	+0.044%	$11K	$188K	10x	as long as short
Bybit SPCXUSDT	+0.0146%	8h	152.72	+0.059%	$30.8M	$42.4M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0174%	1h	152.66	+0.020%	$131.0M	$108.0M	20x	as long as short
Variational Omni SPCX	+0.0178%	8h	152.64	+0.009%	$6.0M	$3.9M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0193%	8h	152.72	+0.059%	$39.0M	$168.6M	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.66	+0.019%	$739K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0202%	8h	152.69	+0.041%	$255.6M	$1.38B	75x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.63	0.000%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0249%	1h	152.55	−0.055%	$625K	$871K	20x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0256%	1h	152.63	long leg	$741K	$947K	10x
Aster SPCXUSD1short	+0.0259%	8h	152.76	+0.085%	$19.0M	$21.9M	20x
Phoenix SPCX	+0.0314%	1h	152.65	+0.013%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0318%	8h	152.70	+0.046%	$31.0M	$66.5M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0406%	1h	152.64	+0.007%	$70K	$1.1M	10x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.72	+0.059%	$402K	$548K	20x	as long as short
edgeX SPCXUSDC	+0.0798%	4h	152.65	+0.011%	$1.7M	$892K	20x	as long as short