Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Gate against Pacifica+0.052%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$330.335% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.052%, 7d avg +0.023%

Together, before fees−0.069%+ Points / potential airdropPacifica: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.030% dearer against Pacifica than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.023%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.091% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SPCX	152.51	0.0100	pay 0.0013% / 1h	16m 39s	$175K	$133K	10x
Short	Gate SPCX_USDT	152.59	0	get 0.0000% / 8h	1h 16m	$96.5M	$30.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Pacifica. 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 PacificabpFee GatebpOrdersPrice spread, now +0.052%Rate

Funding earned: −$21
Price spread: +0.052% → +0.023%: $2.95
Slippage, 4 orders: −$10.5
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$51.54
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; Gate: live order book, 2 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 Pacifica live order book, 1 min ago	0.33 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.33 bp	10.2 bp −$10	14.8 bp −$148	28.5 bp −$2,846	48.2 bp −$24.1K

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	152.57	+0.043%	$88K	—	20x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.59	+0.052%	$96.5M	$30.9M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+13.116%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.62	+0.072%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.80	+0.190%	$8K	$978K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.60	+0.059%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.59	+0.053%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.53	+0.013%	$1.7M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.54	+0.020%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.108%	$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	152.55	+0.026%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.57	+0.039%	$488K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.58	+0.046%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.60	+0.059%	$538K	$403K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.026%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.59	+0.052%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0067%	8h	152.59	+0.050%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0075%	8h	152.61	+0.066%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0100%	1h	152.59	+0.056%	$11K	$188K	10x	as long as short
Pacifica SPCXlong	+0.0100%	1h	152.51	long leg	$175K	$133K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.51	0.000%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.53	+0.013%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.61	+0.066%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.61	+0.065%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0138%	8h	152.62	+0.072%	$30.8M	$42.4M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0152%	1h	152.57	+0.039%	$130.3M	$107.6M	20x	as long as short
Variational Omni SPCX	+0.0175%	8h	152.60	+0.056%	$6.0M	$3.9M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0183%	8h	152.62	+0.072%	$38.9M	$168.5M	75x	as long as short
Extended SPCX-USD	+0.0192%	1h	152.57	+0.040%	$739K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0195%	8h	152.60	+0.061%	$255.4M	$1.38B	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.55	+0.026%	$70K	$1.1M	10x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.53	+0.013%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0239%	1h	152.48	−0.020%	$624K	$872K	20x	as long as short
Aster SPCXUSD1	+0.0247%	8h	152.67	+0.103%	$19.0M	$21.8M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.61	+0.066%	$741K	$946K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.60	+0.059%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0315%	8h	152.62	+0.072%	$31.0M	$66.5M	75x	as long as short
edgeX SPCXUSDC	+0.0386%	4h	152.60	+0.056%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.65	+0.090%	$402K	$548K	20x	as long as short