Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0393%/8h= −43.0% APRpaid last 24h +0.121%

Price spread now: Coinbase International against edgeX+0.019%77s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.284% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.361%−$36 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.019%, 7d avg +0.002%

Together, before fees−0.415%+ Points / potential airdropedgeX: Active · farm board−$42 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	153.07	0.0649	pay 0.0324% / 4h	13m 44s	$1.7M	$893K	20x
Short	Coinbase International SPCX-PERP-INTX	153.10	0.0256	get 0.0032% / 1h	13m 44s	$738K	$926K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$82.48
Price spread: +0.019% → +0.002%: $1.65
Slippage, 4 orders: −$9.44
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$109.27
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; Coinbase International: live order book, 45 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 edgeX live order book, 5 min ago	1.63 bp	6.1 bp −$6	7.1 bp −$71	20.6 bp −$2,062	doesn't fit
Sell Coinbase International live order book, 45 min ago	2.61 bp	7.8 bp −$8	10.3 bp −$103	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 −0.0253% / S +0.0486%	1h	153.04	−0.017%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.11	+0.025%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.08	+0.005%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.12	+0.032%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.709%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.01	−0.040%	$302K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.36	+0.188%	$7K	$940K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.15	+0.051%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	153.04	−0.022%	$8K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0025%	8h	153.13	+0.038%	$1.9M	$1.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	153.03	−0.027%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.00	−0.047%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.040%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.07	−0.001%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.05	−0.014%	$1.2M	$6.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.03	−0.027%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.06	−0.008%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.11	+0.025%	$533K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−0.106%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0060%	8h	153.10	+0.019%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.99	−0.053%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.01	−0.040%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	+0.032%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.08	+0.005%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.06	−0.005%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0108%	1h	153.04	−0.021%	$141.4M	$119.0M	20x	as long as short
Bullet SPCX-USD	+0.0114%	1h	153.11	+0.025%	$12K	$191K	10x	as long as short
Variational Omni SPCX	+0.0130%	8h	153.08	+0.004%	$6.0M	$3.0M	—	as long as short
Nado SPCX-PERP	+0.0133%	1h	152.99	−0.054%	$617K	$819K	20x	as long as short
Extended SPCX-USD	+0.0144%	1h	153.07	−0.002%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0144%	8h	153.11	+0.025%	$251.1M	$1.37B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0146%	8h	153.12	+0.032%	$39.5M	$166.8M	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.11	+0.023%	$410K	$530K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	153.04	−0.021%	$78K	$1.2M	10x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0256%	1h	153.10	+0.019%	$738K	$926K	10x
Phoenix SPCX	+0.0261%	1h	153.09	+0.012%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0406%	8h	153.18	+0.068%	$18.9M	$21.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.50	+0.280%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDClong	+0.0649%	4h	153.07	long leg	$1.7M	$893K	20x