SPCH

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKSPCH2USD-USDT	12.673	−0.4453	get 0.4453% / 8h	1h 41m	$956K	$1.3M	—	Long BingX
SHORT	BitgetSPCHUSDT	12.718	−0.0180	pay 0.0180% / 8h	1h 41m	$482K	$864K	20x	Short Bitget

Price gap+0.355%

Funding gap+0.4273% /8h

Both sides work: funding pays +$128 a day on $10k, and the gap is 0.488% above its 7d average: +$49 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$94+0.4273% /8h now · paid +0.941% over the last 7D

Price+$49spread +0.355% now, avg −0.133% → +0.488% if it goes back

Costs−$1951.950% of $10k · taker + slippage, in and out

Result−$52−0.52%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.941% in total, about +0.0448%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.355%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SPCH on 6 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size69.3 / 29.9 bp
At $10k entering BingX costs 69.3 bp, fee and slippage, 2.3× Bitget’s.
Note: Margin at max leverage— + $500
BingX —, Bitget 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$128.19Long BingX: 3 payments, +$133.59; short Bitget: 3 payments, −$5.40.
OK: Entry gap works for you+0.355% vs −0.133%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$482K vs $956K OI
Bitget sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · Bitget Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0448%/8h × 21 periods+$94.11

Price spread+0.355% → −0.133% (7d avg)+$48.81

Slippage, 4 orderslive order books−$172.95

Fee BingX bp × 2 orders−$10.00

Fee Bitget bp × 2 orders−$12.00

Net · 7 days · $10k−$52.04

Costs to cover1.950%Break-even10.9 days

Slippage: BingX: live order book, 2 min ago; Bitget: live order book, 42 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX3.9469.3 bp−$69719.1 bp−$7,1911071.2 bp−$107.1K1288.1 bp−$644.1K

SELL · SHORTBitget3.5429.9 bp−$3035.8 bp−$358118.7 bp−$11.9Kdoesn’t fit

Closing costs about the same again.