Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.012%

Price spread now: Bullet against Binance−0.007%7-day average −0.006% · 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−$23as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on Binance Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.093%+$9 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.007%, 7d avg −0.006%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	152.68	0.0107	pay 0.0107% / 8h	2h 13m	$250.5M	$1.36B	75x
Short	Bullet SPCX-USD	152.67	0.0139	get 0.0017% / 1h	13m 55s	$11K	$193K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Binance. 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 BinancebpFee BulletbpOrdersPrice spread, now −0.007%Rate

Funding earned: $6.75
Price spread: −0.007% → −0.006%: −$0.13
Slippage, 4 orders: −$4.4
Fee Binance: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$15.78
Costs to cover: 0.224%
Break-even: 23.4 days

Slippage from Binance: live order book, 15 min ago; Bullet: live order book, 35 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 Binance live order book, 15 min ago	0.33 bp	5.3 bp −$5	5.7 bp −$57	9.8 bp −$979	22.0 bp −$11.0K
Sell Bullet live order book, 35 min ago	0.65 bp	5.6 bp −$6	20.3 bp −$203	doesn't fit	doesn't fit

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	152.57	−0.069%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0012%	8h	152.63	−0.033%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.69	+0.006%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.66	−0.014%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.71	+0.019%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.000%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.66	−0.014%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.87	+0.124%	$8K	$899K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.73	+0.032%	$1.3M	$1.8M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.62	−0.040%	$88K	$1.3M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0019%	1h	152.57	−0.076%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.61	−0.046%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.59	−0.059%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.56	−0.079%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.61	−0.046%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.64	−0.027%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.58	−0.066%	$130.8M	$128.8M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.60	−0.053%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.65	−0.020%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.68	0.000%	$531K	$386K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.138%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.65	−0.022%	$101	—	5x	as long as short
edgeX SPCXUSDC	+0.0076%	4h	152.65	−0.019%	$1.7M	$893K	20x	as long as short
Variational Omni SPCX	+0.0097%	8h	152.63	−0.033%	$6.0M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.55	−0.086%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.55	−0.086%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.61	−0.046%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.66	−0.014%	$15K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.64	−0.028%	$731K	$4.6M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.66	−0.016%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0107%	1h	152.59	−0.059%	$612K	$802K	20x	as long as short
Binance SPCXUSDTlong	+0.0107%	8h	152.68	long leg	$250.5M	$1.36B	75x
OKX SPCX-USDT-SWAP	+0.0117%	8h	152.72	+0.026%	$39.5M	$166.5M	75x	as long as short
Bullet SPCX-USDshort	+0.0139%	1h	152.67	−0.007%	$11K	$193K	10x
RISEx SPCX/USDC	+0.0238%	1h	152.69	+0.003%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.62	−0.040%	$732K	$932K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.65	−0.020%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0365%	8h	152.69	+0.003%	$18.9M	$24.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	+0.013%	$9K	$28K	5.5x	as long as short