Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.022%

Price spread now: Coinbase International against KuCoin+0.065%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.314%+$31 on $10k

Price spread, last 4 days (all we have)−0.268%−$27 · spread now +0.065%, 7d avg +0.044%

Together, before fees+0.045%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.022% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPCXUSDTM	152.91	0.0100	pay 0.0100% / 8h	5h 46m	$13.0M	$5.4M	20x
Short	Coinbase International SPCX-PERP-INTX	153.01	0.0256	get 0.0032% / 1h	46m 33s	$738K	$980K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.065%Rate

Funding earned: $32.76
Price spread: +0.065% → +0.044%: $2.17
Slippage, 4 orders: −$22.82
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$9.89
Costs to cover: 0.448%
Break-even: 9.1 days

Slippage from KuCoin: live order book, 2 min ago; Coinbase International: live order book, 17 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 KuCoin live order book, 2 min ago	0.98 bp	11.0 bp −$11	41.4 bp −$414	doesn't fit	doesn't fit
Sell Coinbase International live order book, 17 min ago	2.62 bp	7.8 bp −$8	11.1 bp −$111	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 −0.0333% / S +0.0531%	1h	152.96	+0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.94	+0.020%	$96.0M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.828%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.90	−0.007%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.23	+0.209%	$8K	$941K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.01	+0.065%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.92	+0.007%	$72K	$1.2M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	+0.024%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.90	−0.007%	$2.5M	$7.2M	20x	as long as short
Bitget SPCXUSDT	+0.0032%	8h	153.01	+0.065%	$31.7M	$66.1M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.91	0.000%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	+0.039%	—	$1.2M	10x	as long as short
Lighter SPCX	+0.0048%	1h	152.93	+0.013%	$1.6M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.95	+0.026%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	+0.020%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.95	+0.026%	$1.7M	$92K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.94	+0.020%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.046%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0053%	8h	152.97	+0.039%	$30.8M	$42.8M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0078%	8h	152.97	+0.041%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0081%	8h	152.97	+0.039%	—	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.86	−0.033%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	152.91	long leg	$13.0M	$5.4M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.99	+0.052%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	+0.065%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	+0.035%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0165%	1h	152.97	+0.039%	$11K	$190K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0186%	8h	152.98	+0.046%	$39.4M	$167.9M	75x	as long as short
Variational Omni SPCX	+0.0193%	8h	152.98	+0.043%	$6.0M	$3.1M	—	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.00	+0.059%	$408K	$549K	20x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.92	+0.009%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0200%	8h	152.96	+0.033%	$252.5M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0215%	1h	152.94	+0.020%	$142.0M	$119.3M	20x	as long as short
Nado SPCX-PERP	+0.0217%	1h	152.89	−0.016%	$622K	$832K	20x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0256%	1h	153.01	+0.065%	$738K	$980K	10x
Phoenix SPCX	+0.0262%	1h	152.97	+0.039%	$445K	$267K	15x	as long as short
edgeX SPCXUSDC	+0.0389%	4h	152.96	+0.033%	$1.7M	$893K	20x	as long as short
Aster SPCXUSD1	+0.0409%	8h	153.06	+0.098%	$19.0M	$15.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.242%	$9K	$27K	5.5x	as long as short