Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.028%

Price spread now: Gate against Extended+0.014%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

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

costs, in and out, $10k−$260.258% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 7 days+0.121%+$12 · spread now +0.014%, 7d avg +0.053%

Together, before fees+0.048%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.039% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.053%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPCX-USD	152.68	0.0064	pay 0.0008% / 1h	51m 07s	$724K	$5.4M	10x
Short	Gate SPCX_USDT	152.70	0	get 0.0000% / 8h	5h 51m	$96.1M	$32.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.014%Rate

Funding earned: −$13.44
Price spread: +0.014% → +0.053%: −$3.91
Slippage, 4 orders: −$5.75
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$43.11
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; Gate: live order book, 6 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 Extended live order book, 6 min ago	0.65 bp	3.2 bp −$3	5.8 bp −$58	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	0.33 bp	10.7 bp −$11	16.5 bp −$165	28.2 bp −$2,818	47.2 bp −$23.6K

SPCX on 38 exchanges

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 −0.0187% / S +0.0435%	1h	152.63	−0.029%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0058%	8h	152.75	+0.047%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.72	+0.027%	$30.1M	$43.3M	100x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.70	+0.014%	$96.1M	$32.6M	100x
Bitget SPCXUSDT	0.0000%	8h	152.77	+0.060%	$31.1M	$67.0M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.72	+0.027%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.96	+0.184%	$8K	$818K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.62	−0.038%	$45K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.80	+0.080%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.72	+0.030%	$7K	$7K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0030%	1h	152.70	+0.014%	$1.2M	$5.4M	10x	as long as short
Variational Omni SPCX	+0.0031%	8h	152.69	+0.005%	$5.9M	$2.7M	—	as long as short
Lighter SPCX	+0.0032%	1h	152.66	−0.012%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.64	−0.025%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.066%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.64	−0.025%	$103K	$294K	5x	as long as short
Bullet SPCX-USD	+0.0044%	1h	152.73	+0.037%	$12K	$191K	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.71	+0.021%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.62	−0.038%	$128.4M	$129.6M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.68	+0.001%	$1.7M	$101K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.70	+0.014%	$533K	$367K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.59	−0.058%	$3.0M	$2.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0050%	8h	152.69	+0.005%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0051%	1h	152.75	+0.050%	$351K	$518K	20x	as long as short
Binance SPCXUSDT	+0.0062%	8h	152.73	+0.032%	$251.8M	$1.38B	75x	as long as short
Extended SPCX-USDlong	+0.0064%	1h	152.68	long leg	$724K	$5.4M	10x
OKX SPCX-USDT-SWAP	+0.0088%	8h	152.76	+0.053%	$39.5M	$168.6M	75x	as long as short
Nado SPCX-PERP	+0.0088%	1h	152.68	−0.002%	$633K	$807K	20x	as long as short
Polymarket Perps SPCX-USD	+0.0094%	1h	152.73	+0.034%	$488K	$1.1M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.61	−0.045%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.65	−0.019%	$13.0M	$6.2M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.76	+0.053%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.73	+0.034%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.68	+0.003%	$89	—	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0136%	1h	152.70	+0.014%	$735K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.72	+0.027%	$448K	$271K	15x	as long as short
edgeX SPCXUSDC	+0.0277%	4h	152.70	+0.016%	$1.7M	$890K	20x	as long as short
Aster SPCXUSD1	+0.0399%	8h	152.87	+0.126%	$19.0M	$30.6M	20x	as long as short