Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.024%

Price spread now: Gate against tradeXYZ+0.066%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 7 days+0.005%+$1 · spread now +0.066%, 7d avg +0.052%

Together, before fees+0.021%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SPCX	152.40	0.0063	pay 0.0008% / 1h	4m 19s	$131.0M	$128.3M	20x
Short	Gate SPCX_USDT	152.50	0	get 0.0000% / 8h	3h 04m	$96.3M	$31.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against tradeXYZ. 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 tradeXYZbpFee GatebpOrdersPrice spread, now +0.066%Rate

Funding earned: −$13.28
Price spread: +0.066% → +0.052%: $1.34
Slippage, 4 orders: −$7.36
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.3
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; Gate: live order book, 5 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 tradeXYZ live order book, 4 min ago	0.33 bp	9.6 bp −$10	10.2 bp −$102	12.7 bp −$1,274	doesn't fit
Sell Gate live order book, 5 min ago	0.33 bp	9.5 bp −$9	14.2 bp −$142	33.2 bp −$3,320	54.5 bp −$27.3K

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 −0.0224% / S +0.0463%	1h	152.41	+0.003%	$90K	—	20x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.50	+0.066%	$96.3M	$31.6M	100x
Bitget SPCXUSDT	0.0000%	8h	152.57	+0.112%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.207%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.50	+0.066%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.63	+0.151%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.54	+0.092%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0004%	8h	152.52	+0.079%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0014%	8h	152.53	+0.085%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.39	−0.008%	$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	152.41	+0.007%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.39	−0.007%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.51	+0.072%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.48	+0.052%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.48	+0.052%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.49	+0.059%	$532K	$389K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.33	−0.046%	$3.2M	$2.3M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.47	+0.046%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.52	+0.076%	$101	—	5x	as long as short
Lighter SPCX	+0.0056%	1h	152.45	+0.033%	$1.6M	$7.5M	20x	as long as short
edgeX SPCXUSDC	+0.0059%	4h	152.42	+0.012%	$1.7M	$892K	20x	as long as short
tradeXYZ xyz:SPCXlong	+0.0063%	1h	152.40	long leg	$131.0M	$128.3M	20x
Pacifica SPCX	+0.0100%	1h	152.42	+0.013%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.37	−0.020%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	+0.033%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.53	+0.085%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.51	+0.072%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0125%	8h	152.47	+0.045%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0133%	8h	152.54	+0.092%	$250.5M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.49	+0.059%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0141%	8h	152.57	+0.112%	$39.4M	$166.4M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.44	+0.026%	$87K	$1.2M	10x	as long as short
Nado SPCX-PERP	+0.0186%	1h	152.42	+0.013%	$613K	$803K	20x	as long as short
Bullet SPCX-USD	+0.0192%	1h	152.53	+0.085%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.55	+0.097%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	+0.026%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.42	+0.013%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0405%	8h	152.57	+0.110%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.518%	$9K	$28K	5.5x	as long as short