Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0329%/8h= −36.1% APRpaid last 24h +0.002%

Price spread now: RISEx against Aster−0.032%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$200.200% of the position

Long on Aster Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.049%+$5 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.032%, 7d avg +0.025%

Together, before fees+0.153%+ Points / potential airdropAster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and RISEx is 0.057% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.049% in total (about 4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPCXUSD1	152.93	0.0397	pay 0.0397% / 8h	6h 57m	$19.0M	$30.7M	20x
Short	RISEx SPCX/USDC	152.88	0.0068	get 0.0008% / 1h	57m 54s	$382K	$507K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Aster. 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 AsterbpFee RISExbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$69.17
Price spread: −0.032% → +0.025%: −$5.7
Slippage, 4 orders: −$5.97
Fee Aster: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$94.84
Costs to cover: 0.200%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; RISEx: live order book, 36 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 Aster live order book, 6 min ago	0.98 bp	5.0 bp −$5	5.5 bp −$55	doesn't fit	doesn't fit
Sell RISEx live order book, 36 min ago	1.64 bp	4.6 bp −$5	5.5 bp −$55	doesn't fit	doesn't fit

SPCX on 38 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	152.75	−0.120%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0024%	8h	152.76	−0.110%	$1.9M	$1.2M	75x	as long as short
Nado SPCX-PERP	−0.0016%	1h	152.82	−0.073%	$635K	$810K	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.76	−0.110%	$30.5M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.76	−0.110%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.75	−0.117%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.66	−0.175%	$303K	$2.6M	20x	as long as short
Bullet SPCX-USD	0.0000%	1h	152.88	−0.033%	$11K	$191K	10x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.12	+0.125%	$8K	$841K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.86	−0.045%	$82K	$1.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SPCX-USDT	0.0000%	8h	152.90	−0.018%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0014%	1h	152.68	−0.164%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0031%	1h	152.83	−0.064%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.82	−0.071%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.82	−0.071%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.77	−0.103%	$103K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.89	−0.025%	—	$1.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.79	−0.090%	$129.7M	$130.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.88	−0.032%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.82	−0.071%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.83	−0.064%	$531K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.57	−0.234%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.86	−0.042%	$101	—	5x	as long as short
RISEx SPCX/USDCshort	+0.0068%	1h	152.88	−0.032%	$382K	$507K	20x
Variational Omni SPCX	+0.0081%	8h	152.78	−0.099%	$5.9M	$2.7M	—	as long as short
Binance SPCXUSDT	+0.0095%	8h	152.77	−0.103%	$252.2M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.78	−0.098%	$723K	$5.4M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.83	−0.064%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.73	−0.130%	$13.0M	$5.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.84	−0.058%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.87	−0.038%	$15K	$7K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0102%	8h	152.85	−0.051%	$39.4M	$168.8M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.83	−0.064%	$89	—	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0184%	1h	152.67	−0.169%	$687K	$1.0M	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.77	−0.103%	$449K	$267K	15x	as long as short
Aster SPCXUSD1long	+0.0397%	8h	152.93	long leg	$19.0M	$30.7M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	−0.097%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0488%	4h	152.78	−0.094%	$1.7M	$891K	20x	as long as short