Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.040%

Price spread now: Coinbase International against Paradex−0.039%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Coinbase International is 0.039% cheaper against Paradex than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 38 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SPCX-USD-PERP	152.42	0.0109	pay 0.0109% / 8h	1h 26m	$101	—	5x
Short	Coinbase International SPCX-PERP-INTX	152.36	0.0192	get 0.0024% / 1h	26m 11s	$732K	$938K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Paradex. 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 ParadexbpFee Coinbase InternationalbpOrdersPrice spread, now −0.039%Rate

Funding earned: $17.39
Price spread: −0.039% → 0.000%: −$3.93
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$0.54
Costs to cover: 0.140%
Break-even: 7.2 days

Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 17 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 17 min ago	2.95 bp	8.1 bp −$8	10.5 bp −$105	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0187% / S +0.0435%	1h	152.34	−0.056%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0001%	8h	152.41	−0.006%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.42	0.000%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.38	−0.026%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.43	+0.007%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.189%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.026%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.190%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.47	+0.033%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.34	−0.051%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.35	−0.046%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.38	−0.026%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.33	−0.059%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	−0.059%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.41	−0.006%	$1.7M	$98K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.39	−0.020%	$531K	$379K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.23	−0.125%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.44	+0.015%	$393K	$505K	20x	as long as short
Variational Omni SPCX	+0.0098%	8h	152.42	−0.001%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.29	−0.085%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.27	−0.098%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.48	+0.039%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.41	−0.006%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.40	−0.011%	$88	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0106%	1h	152.33	−0.059%	$130.1M	$129.1M	20x	as long as short
Paradex SPCX-USD-PERPlong	+0.0109%	8h	152.42	long leg	$101	—	5x
Binance SPCXUSDT	+0.0120%	8h	152.43	+0.006%	$251.7M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0120%	1h	152.39	−0.021%	$733K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0129%	8h	152.44	+0.013%	$39.5M	$166.7M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0135%	1h	152.36	−0.039%	$487K	$1.2M	10x	as long as short
Lighter SPCX	+0.0136%	1h	152.37	−0.033%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0192%	1h	152.36	−0.039%	$732K	$938K	10x
Phoenix SPCX	+0.0210%	1h	152.43	+0.007%	$443K	$266K	15x	as long as short
edgeX SPCXUSDC	+0.0217%	4h	152.44	+0.015%	$1.7M	$890K	20x	as long as short
Nado SPCX-PERP	+0.0258%	1h	152.24	−0.120%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0291%	1h	152.42	+0.002%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0385%	8h	152.54	+0.076%	$18.9M	$29.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.256%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0604%	1h	152.39	−0.020%	$89K	$1.3M	10x	as long as short