Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.063%

Price spread now: SunX against Coinbase International+0.059%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$760.762% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.316%−$32 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.059%, 7d avg +0.063%

Together, before fees−0.273%−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.063%, 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	152.34	0.0240	pay 0.0030% / 1h	50m 24s	$728K	$938K	10x
Short	SunX SPCX-USDT	152.43	0	get 0.0000% / 8h	50m 24s	$8K	$894K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$50.4
Price spread: +0.059% → +0.063%: −$0.35
Slippage, 4 orders: −$58.2
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$126.95
Costs to cover: 0.762%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 53 min ago; SunX: 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, 53 min ago	2.95 bp	8.0 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	21.99 bp	34.1 bp −$34	doesn't fit	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 −0.0234% / S +0.0471%	1h	152.15	−0.128%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.22	−0.079%	$96.1M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.28	−0.039%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.255%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.24	−0.066%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	152.43	+0.059%	$8K	$894K	10x
HTX SPCX-USDT	0.0000%	8h	152.32	−0.013%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0013%	8h	152.24	−0.066%	$30.5M	$42.7M	100x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.18	−0.105%	$89K	$1.3M	10x	as long as short
BloFin SPCX-USDT	+0.0023%	8h	152.23	−0.072%	$1.9M	$1.2M	75x	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	+0.0029%	1h	152.17	−0.113%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.17	−0.112%	$2.5M	$7.2M	20x	as long as short
Lighter SPCX	+0.0040%	1h	152.19	−0.098%	$1.6M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.18	−0.105%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.23	−0.072%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.16	−0.118%	$129.9M	$129.1M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.18	−0.105%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.23	−0.072%	$530K	$375K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.05	−0.190%	$3.2M	$2.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0053%	1h	152.20	−0.092%	$487K	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.21	−0.085%	$1.2M	$5.5M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.13	−0.138%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.15	−0.125%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.26	−0.053%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.23	−0.072%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.23	−0.071%	$88	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0112%	8h	152.20	−0.089%	$100	—	5x	as long as short
Bullet SPCX-USD	+0.0113%	1h	152.24	−0.065%	$11K	$192K	10x	as long as short
Variational Omni SPCX	+0.0128%	8h	152.20	−0.095%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0142%	8h	152.23	−0.070%	$252.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.19	−0.098%	$724K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0154%	8h	152.26	−0.053%	$39.6M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0183%	1h	152.15	−0.124%	$627K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0240%	1h	152.34	long leg	$728K	$938K	10x
edgeX SPCXUSDC	+0.0365%	4h	152.24	−0.065%	$1.7M	$891K	20x	as long as short
Phoenix SPCX	+0.0368%	1h	152.31	−0.020%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0410%	8h	152.36	+0.011%	$18.9M	$28.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.55	+0.138%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.27	−0.046%	$392K	$502K	20x	as long as short