SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.031%

Price spread now: tradeXYZ against Coinbase International0.000%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$360.355% of the position

Long on Coinbase International Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.328%−$33 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now 0.000%, 7d avg −0.053%

Together, before fees−0.249%+ Points / potential airdroptradeXYZ: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.053% dearer against Coinbase International than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.053%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 24 hours.

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	35m 03s	$738K	$925K	10x
Short	tradeXYZ xyz:SPCX	153.04	0.0076	get 0.0009% / 1h	35m 03s	$141.4M	$119.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$37.8
Price spread: 0.000% → −0.053%: $5.32
Slippage, 4 orders: −$7.54
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$68.02
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 23 min ago; tradeXYZ: 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, 23 min ago	2.61 bp	8.4 bp −$8	12.4 bp −$124	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.33 bp	10.0 bp −$10	10.8 bp −$108	13.6 bp −$1,359	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 −0.0253% / S +0.0486%	1h	153.04	+0.003%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.07	+0.020%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.06	+0.013%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.11	+0.046%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.731%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.00	−0.026%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.30	+0.170%	$8K	$936K	10x	as long as short
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	153.04	−0.002%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.04	0.000%	$1.6M	$7.3M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.99	−0.033%	$2.5M	$7.2M	20x	as long as short
BloFin SPCX-USDT	+0.0036%	8h	153.08	+0.026%	$1.9M	$1.4M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.020%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.09	+0.033%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.03	−0.007%	$1.2M	$6.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.03	−0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	+0.020%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.08	+0.026%	$533K	$395K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.95	−0.059%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	153.06	+0.016%	$101	—	5x	as long as short
tradeXYZ xyz:SPCXshort	+0.0076%	1h	153.04	0.000%	$141.4M	$119.0M	20x
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	153.03	−0.007%	$73K	$1.2M	10x	as long as short
Bullet SPCX-USD	+0.0082%	1h	153.08	+0.028%	$11K	$191K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.97	−0.046%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.99	−0.033%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.020%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	+0.039%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.07	+0.018%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0127%	1h	153.00	−0.027%	$617K	$823K	20x	as long as short
Variational Omni SPCX	+0.0143%	8h	153.06	+0.012%	$6.0M	$3.0M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0151%	8h	153.09	+0.033%	$39.5M	$166.9M	75x	as long as short
Binance SPCXUSDT	+0.0156%	8h	153.07	+0.022%	$252.2M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0160%	1h	153.04	+0.001%	$738K	$3.8M	10x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.12	+0.053%	$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	153.08	+0.026%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.16	+0.078%	$18.9M	$20.2M	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	+0.0807%	4h	153.06	+0.010%	$1.7M	$892K	20x	as long as short