Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0143%/8h= +15.6% APRpaid last 24h +0.043%

Price spread now: Deribit against Gate−0.013%7-day average +0.028% · 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−$44as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.101%+$10 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.013%, 7d avg +0.028%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.041% cheaper against Gate than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.028%). If the spread goes back, that is −$4 on $10k: about 23 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPCX_USDT	152.92	0	get 0.0000% / 8h	1h 03m	$96.8M	$31.0M	100x
Short	Deribit SPCX_USDC-PERPETUAL	152.90	0.0143	get 0.0018% / 1h	3m 52s	$71K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now −0.013%Rate

Funding earned: $29.94
Price spread: −0.013% → +0.028%: −$4.08
Slippage, 4 orders: −$18.27
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$14.42
Costs to cover: 0.403%
Break-even: 10.4 days

Slippage from Gate: live order book, 5 min ago; Deribit: live order book, just now.

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 Gate live order book, 5 min ago	0.65 bp	10.2 bp −$10	17.8 bp −$178	54.4 bp −$5,436	87.5 bp −$43.7K
Sell Deribit live order book, just now	6.21 bp	9.7 bp −$10	14.6 bp −$146	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 −0.0272% / S +0.0488%	1h	152.94	+0.010%	$89K	—	20x	as long as short
Gate SPCX_USDTlong	0.0000%	8h	152.92	long leg	$96.8M	$31.0M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.815%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.78	−0.092%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.06	+0.092%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.86	−0.039%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.63	−0.190%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.88	−0.026%	$1.7M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.86	−0.039%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.832%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.86	−0.039%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.90	−0.013%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.90	−0.013%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.92	0.000%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.78	−0.092%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.87	−0.033%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0084%	8h	152.83	−0.059%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0085%	8h	152.91	−0.007%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.76	−0.105%	$176K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.81	−0.072%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.73	−0.124%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.87	−0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.94	+0.011%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0126%	1h	152.93	+0.006%	$11K	$188K	10x	as long as short
Deribit SPCX_USDC-PERPETUALshort	+0.0143%	1h	152.90	−0.013%	$71K	$1.1M	10x
Bybit SPCXUSDT	+0.0151%	8h	152.95	+0.020%	$30.8M	$42.5M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0181%	1h	152.96	+0.026%	$140.8M	$114.6M	20x	as long as short
Variational Omni SPCX	+0.0184%	8h	152.67	−0.161%	$6.0M	$3.9M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0198%	8h	152.97	+0.033%	$39.0M	$169.2M	75x	as long as short
Binance SPCXUSDT	+0.0205%	8h	152.95	+0.020%	$255.9M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.92	0.000%	$739K	$3.6M	10x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.85	−0.046%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0248%	1h	152.82	−0.063%	$605K	$886K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.72	−0.131%	$741K	$949K	10x	as long as short
Aster SPCXUSD1	+0.0263%	8h	153.01	+0.059%	$19.0M	$21.7M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	152.65	−0.177%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0319%	8h	152.96	+0.026%	$31.1M	$66.8M	75x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.90	−0.015%	$403K	$548K	20x	as long as short
edgeX SPCXUSDC	+0.0833%	4h	152.67	−0.161%	$1.7M	$893K	20x	as long as short