SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.004%

Price spread now: Deribit against Coinbase International0.000%7-day average −0.003% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.089%−$9 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now 0.000%, 7d avg −0.003%

Together, before fees−0.125%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.089% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SPCX-PERP-INTX	153.04	0.0256	pay 0.0032% / 1h	39m 08s	$738K	$925K	10x
Short	Deribit SPCX_USDC-PERPETUAL	153.04	0	get 0.0000% / 1h	39m 08s	$73K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$53.76
Price spread: 0.000% → −0.003%: $0.3
Slippage, 4 orders: −$15.88
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$86.34
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 19 min ago; Deribit: 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 Coinbase International live order book, 19 min ago	2.61 bp	8.4 bp −$8	12.4 bp −$124	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	4.57 bp	8.1 bp −$8	11.2 bp −$112	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 −0.0314% / S +0.0531%	1h	153.06	+0.010%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.09	+0.033%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.07	+0.020%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.13	+0.059%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.733%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.03	−0.007%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.29	+0.163%	$8K	$937K	10x	as long as short
Deribit SPCX_USDC-PERPETUALshort	0.0000%	1h	153.04	0.000%	$73K	$1.2M	10x
HTX SPCX-USDT	0.0000%	8h	153.14	+0.065%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	153.03	−0.007%	$8K	$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 SPCX	+0.0032%	1h	153.05	+0.007%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.00	−0.026%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.02	−0.013%	$105K	$297K	5x	as long as short
BloFin SPCX-USDT	+0.0040%	8h	153.10	+0.039%	$1.9M	$1.4M	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.10	+0.039%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.05	+0.007%	$1.2M	$6.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.05	+0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	+0.020%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.09	+0.033%	$533K	$395K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.93	−0.072%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0064%	8h	153.11	+0.047%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0071%	1h	153.04	0.000%	$141.4M	$119.0M	20x	as long as short
Bullet SPCX-USD	+0.0082%	1h	153.09	+0.036%	$10K	$191K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.99	−0.033%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.00	−0.026%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	+0.052%	$59K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.09	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.08	+0.026%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0132%	1h	153.03	−0.007%	$617K	$824K	20x	as long as short
Variational Omni SPCX	+0.0149%	8h	153.08	+0.024%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0155%	8h	153.11	+0.046%	$39.5M	$166.9M	75x	as long as short
Extended SPCX-USD	+0.0160%	1h	153.05	+0.007%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0160%	8h	153.09	+0.033%	$252.2M	$1.37B	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.12	+0.055%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0256%	1h	153.04	long leg	$738K	$925K	10x
Phoenix SPCX	+0.0261%	1h	153.10	+0.039%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0409%	8h	153.16	+0.076%	$19.0M	$19.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	+0.203%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0913%	4h	153.08	+0.027%	$1.7M	$891K	20x	as long as short