Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h −0.019%

Price spread now: KuCoin against Coinbase International−0.033%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.405% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.308%−$31 on $10k

Price spread, last 3 days (all we have)+0.099%+$10 · spread now −0.033%, 7d avg −0.043%

Together, before fees−0.209%−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.043%, so right now this pair is about funding alone: −$7 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	153.01	0.0328	pay 0.0041% / 1h	23m 37s	$731K	$977K	10x
Short	KuCoin SPCXUSDTM	152.96	0.0100	get 0.0100% / 8h	7h 23m	$13.0M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$47.88
Price spread: −0.033% → −0.043%: $0.99
Slippage, 4 orders: −$18.46
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$87.35
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 50 min ago; KuCoin: 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, 50 min ago	1.96 bp	7.0 bp −$7	11.2 bp −$112	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.65 bp	14.4 bp −$14	38.1 bp −$381	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 −0.0316% / S +0.0519%	1h	153.03	+0.010%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.03	+0.013%	$96.4M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.750%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.93	−0.052%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.216%	$8K	$956K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.10	+0.059%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	153.00	−0.010%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.98	−0.020%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.771%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.06	+0.033%	—	$1.2M	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	+0.0048%	1h	153.00	−0.007%	$1.6M	$7.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.04	+0.020%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.03	+0.013%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.06	+0.033%	$534K	$415K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.94	−0.046%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.01	0.000%	$1.2M	$7.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	153.06	+0.035%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.94	−0.046%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.96	−0.033%	$13.0M	$5.5M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	0.000%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	+0.059%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.08	+0.047%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0111%	8h	153.05	+0.026%	$1.9M	$1.4M	75x	as long as short
edgeX SPCXUSDC	+0.0116%	4h	153.07	+0.039%	$1.7M	$892K	20x	as long as short
Bybit SPCXUSDT	+0.0157%	8h	153.06	+0.033%	$30.9M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.00	−0.007%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0211%	8h	153.07	+0.039%	$39.2M	$169.1M	75x	as long as short
Variational Omni SPCX	+0.0216%	8h	153.07	+0.039%	$6.0M	$3.5M	—	as long as short
Nado SPCX-PERP	+0.0228%	1h	152.97	−0.023%	$604K	$848K	20x	as long as short
Extended SPCX-USD	+0.0232%	1h	153.02	+0.004%	$734K	$4.0M	10x	as long as short
Binance SPCXUSDT	+0.0233%	8h	153.04	+0.020%	$253.1M	$1.38B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0234%	1h	153.00	−0.007%	$143.1M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0241%	1h	153.08	+0.044%	$12K	$188K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.09	+0.052%	$445K	$271K	15x	as long as short
Bitget SPCXUSDT	+0.0314%	8h	153.08	+0.046%	$31.3M	$66.4M	75x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0328%	1h	153.01	long leg	$731K	$977K	10x
Deribit SPCX_USDC-PERPETUAL	+0.0338%	1h	153.05	+0.026%	$71K	$1.1M	10x	as long as short
Aster SPCXUSD1	+0.0366%	8h	153.09	+0.055%	$19.0M	$18.3M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.07	+0.042%	$401K	$535K	20x	as long as short