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Spot ↔ futures: buy spot, short the perpetual

SPCX: spot Gate, short Phemex

Now

The SPCX long opens on Gate at 144.24, the short on Phemex at 147.15. The price difference (basis) is 2.02%; taker fees for opening and closing both legs are 0.60%; after them 1.42%: +$14 per $1,000.

The pair's funding is −0.006% per 8 hours (negative: the pair pays).

Data as of 2026-10-24 23:37 UTC. On the free plan data is a minute older; paid plans get real time. This text is always a minute older; the live view below refreshes every 5 seconds.

Transfer and fees

No coins move between the exchanges: both legs open in place and close together.

Verdict

The engine's verdict: “Avoid”. Reasons: best-level size unknown; a stock, index, commodity or currency while its market is shut (weekend, holiday, early close): the gap is a bet on the reopening, not an arbitrage; a stock or commodity: prices diverge outside market hours.

History

The spread on Gate → Phemex has been open continuously for 8 h 38 min (since 2026-10-24 14:59 UTC) and has not closed in that time.

About this page

This page is one route: the prices of two exchanges, the spread before and after fees, the profit by the order books, the coin transfer status, a verdict and the spread's history. Below are the live chart for 6 hours, 24 hours, 7 and 30 days, both exchanges' order books and the trade step by step. A spread after fees is not the profit: the books' depth, the withdrawal fee and the time the coins are in transit all count.

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