Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0155%/8h= −17.0% APRpaid last 24h −0.038%

Price spread now: Binance against Coinbase International+0.019%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now +0.019%, 7d avg +0.009%

Together, before fees−0.181%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, 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	Coinbase International SPCX-PERP-INTX	152.70	0.0248	pay 0.0031% / 1h	2m 35s	$731K	$938K	10x
Short	Binance SPCXUSDT	152.73	0.0093	get 0.0093% / 8h	2h 02m	$250.1M	$1.36B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.019%Rate

Funding earned: −$32.61
Price spread: +0.019% → +0.009%: $1.03
Slippage, 4 orders: −$6.68
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$58.27
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 46 min ago; Binance: live order book, 11 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, 46 min ago	2.95 bp	8.0 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.33 bp	5.3 bp −$5	6.3 bp −$63	12.1 bp −$1,212	24.4 bp −$12.2K

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	152.68	−0.016%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0026%	8h	152.68	−0.013%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.71	+0.007%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.73	+0.020%	$96.3M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.77	+0.046%	$31.2M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.988%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.75	+0.033%	$301K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.94	+0.157%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.81	+0.072%	$1.3M	$1.8M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.69	−0.007%	$88K	$1.3M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0017%	1h	152.65	−0.034%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.66	−0.026%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.64	−0.039%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.66	−0.026%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.68	−0.013%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.75	+0.033%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.63	−0.046%	$130.2M	$129.0M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.69	−0.007%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.73	+0.020%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.77	+0.046%	$531K	$384K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.60	−0.065%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.75	+0.035%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0081%	8h	152.73	+0.019%	$6.0M	$2.8M	—	as long as short
Binance SPCXUSDTshort	+0.0093%	8h	152.73	+0.019%	$250.1M	$1.36B	75x
Nado SPCX-PERP	+0.0094%	1h	152.67	−0.017%	$613K	$801K	20x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.69	−0.005%	$731K	$4.6M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.65	−0.033%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.60	−0.065%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.66	−0.026%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.74	+0.026%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.72	+0.015%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0109%	8h	152.78	+0.052%	$39.6M	$167.0M	75x	as long as short
Bullet SPCX-USD	+0.0119%	1h	152.75	+0.033%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.75	+0.030%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0248%	1h	152.70	long leg	$731K	$938K	10x
Phoenix SPCX	+0.0263%	1h	152.77	+0.046%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0350%	8h	152.74	+0.024%	$18.9M	$24.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.00	+0.196%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0757%	4h	152.72	+0.011%	$1.7M	$892K	20x	as long as short