Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.066%

Price spread now: HTX against Coinbase International+0.111%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.318%−$32 on $10k

Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.111%, 7d avg +0.006%

Together, before fees−0.515%−$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.105% dearer against Coinbase International than usual: you sell high and buy low (spread +0.111% now, against its 7-day average of +0.006%): +$10 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SPCX-PERP-INTX	152.67	0.0184	pay 0.0023% / 1h	56m 24s	$687K	$1.0M	10x
Short	HTX SPCX-USDT	152.84	0	get 0.0000% / 8h	6h 56m	$1.3M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.111%Rate

Funding earned: −$38.64
Price spread: +0.111% → +0.006%: $10.49
Slippage, 4 orders: −$13.36
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$63.52
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; HTX: 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, 2 min ago	3.27 bp	8.3 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	0.33 bp	11.3 bp −$11	13.8 bp −$138	18.4 bp −$1,844	doesn't fit

SPCX on 38 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	152.74	+0.043%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0025%	8h	152.80	+0.085%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.80	+0.085%	$30.4M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.77	+0.066%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.83	+0.105%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.71	+0.026%	$305K	$2.6M	20x	as long as short
Bullet SPCX-USD	0.0000%	1h	152.80	+0.088%	$11K	$191K	10x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.12	+0.295%	$8K	$840K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.72	+0.033%	$82K	$1.4M	10x	as long as short
HTX SPCX-USDTshort	0.0000%	8h	152.84	+0.111%	$1.3M	$1.7M	75x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0013%	1h	152.71	+0.029%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0031%	1h	152.76	+0.059%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.71	+0.026%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.68	+0.007%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.71	+0.026%	$103K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.79	+0.079%	—	$1.3M	10x	as long as short
Nado SPCX-PERP	+0.0048%	1h	152.73	+0.040%	$634K	$807K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.71	+0.026%	$129.6M	$130.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.78	+0.072%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.75	+0.052%	$1.7M	$100K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.76	+0.059%	$531K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.67	0.000%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.77	+0.067%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0068%	1h	152.81	+0.092%	$382K	$507K	20x	as long as short
Variational Omni SPCX	+0.0081%	8h	152.78	+0.070%	$5.9M	$2.7M	—	as long as short
Binance SPCXUSDT	+0.0093%	8h	152.81	+0.092%	$252.2M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.75	+0.051%	$723K	$5.4M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.70	+0.020%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.70	+0.020%	$13.0M	$5.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.84	+0.111%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.79	+0.079%	$15K	$7K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0102%	8h	152.82	+0.098%	$39.4M	$168.9M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.74	+0.046%	$89	—	10x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0184%	1h	152.67	long leg	$687K	$1.0M	10x
Phoenix SPCX	+0.0210%	1h	152.73	+0.039%	$449K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0397%	8h	152.93	+0.169%	$19.0M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	+0.072%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0849%	4h	152.77	+0.068%	$1.7M	$888K	20x	as long as short