SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h −0.001%

Price spread now: Coinbase International against Deribit−0.046%7-day average +0.002% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.081%+$8 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.046%, 7d avg +0.002%

Together, before fees+0.112%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.048% cheaper against Deribit than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.002%). If the spread goes back, that is −$5 on $10k: about 11 days of funding at the current rate ($0 a day). At the pace of the last 5 days (+0.081% in total) that is about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPCX_USDC-PERPETUAL	153.04	0.0273	pay 0.0034% / 1h	16m 12s	$72K	$1.1M	10x
Short	Coinbase International SPCX-PERP-INTX	152.97	0.0288	get 0.0036% / 1h	16m 12s	$738K	$973K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.046%Rate

Funding earned: $3.15
Price spread: −0.046% → +0.002%: −$4.82
Slippage, 4 orders: −$16.08
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$34.75
Costs to cover: 0.331%
Break-even: 84.3 days

Slippage from Deribit: live order book, 3 min ago; Coinbase International: live order book, 52 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 Deribit live order book, 3 min ago	4.25 bp	8.3 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit
Sell Coinbase International live order book, 52 min ago	2.94 bp	8.3 bp −$8	11.9 bp −$119	doesn't fit	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 −0.0347% / S +0.0541%	1h	153.04	+0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.07	+0.020%	$96.0M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.732%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.96	−0.052%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.33	+0.189%	$8K	$944K	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	+0.0024%	1h	152.99	−0.033%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.00	−0.026%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.183%	$9K	$27K	5.5x	as long as short
Lighter SPCX	+0.0040%	1h	153.04	0.000%	$1.6M	$7.2M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	153.02	−0.013%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.04	0.000%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.05	+0.007%	$1.2M	$6.7M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.03	−0.007%	$501K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	+0.020%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.07	+0.020%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.94	−0.065%	$3.2M	$2.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0090%	8h	153.09	+0.036%	$101	—	5x	as long as short
Bybit SPCXUSDT	+0.0091%	8h	153.09	+0.033%	$30.8M	$42.9M	100x	as long as short
Pacifica SPCX	+0.0100%	1h	152.98	−0.039%	$169K	$133K	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	153.12	+0.052%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.11	+0.046%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.09	+0.033%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0115%	4h	153.07	+0.017%	$1.7M	$893K	20x	as long as short
Bitget SPCXUSDT	+0.0138%	8h	153.12	+0.052%	$31.9M	$66.1M	75x	as long as short
Bullet SPCX-USD	+0.0179%	1h	153.09	+0.035%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0185%	1h	153.04	0.000%	$142.4M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0200%	8h	153.10	+0.039%	$39.4M	$168.8M	75x	as long as short
Variational Omni SPCX	+0.0208%	8h	153.07	+0.017%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0223%	8h	153.09	+0.030%	$252.9M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	153.05	+0.009%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0245%	1h	152.97	−0.045%	$622K	$838K	20x	as long as short
Deribit SPCX_USDC-PERPETUALlong	+0.0273%	1h	153.04	long leg	$72K	$1.1M	10x
Coinbase International SPCX-PERP-INTXshort	+0.0288%	1h	152.97	−0.046%	$738K	$973K	10x
Phoenix SPCX	+0.0314%	1h	153.09	+0.033%	$445K	$270K	15x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.12	+0.050%	$408K	$539K	20x	as long as short
Aster SPCXUSD1	+0.0413%	8h	153.14	+0.068%	$19.0M	$15.0M	20x	as long as short