Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h −0.005%

Price spread now: Bullet against Bitget−0.008%7-day average +0.004% · 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−$27as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on Bitget Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.076%+$8 on $10k

Price spread, last 4 days (all we have)+0.177%+$18 · spread now −0.008%, 7d avg +0.004%

Together, before fees+0.253%+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPCXUSDT	152.69	0	get 0.0000% / 8h	2h 16m	$31.3M	$65.8M	75x
Short	Bullet SPCX-USD	152.68	0.0143	get 0.0018% / 1h	16m 53s	$12K	$193K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Bitget. 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 BitgetbpFee BulletbpOrdersPrice spread, now −0.008%Rate

Funding earned: $30.07
Price spread: −0.008% → +0.004%: −$1.18
Slippage, 4 orders: −$5.33
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: $3.57
Costs to cover: 0.253%
Break-even: 6.2 days

Slippage from Bitget: live order book, 2 min ago; Bullet: live order book, 32 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 Bitget live order book, 2 min ago	0.33 bp	7.4 bp −$7	9.5 bp −$95	22.5 bp −$2,246	30.8 bp −$15.4K
Sell Bullet live order book, 32 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	152.56	−0.085%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0008%	8h	152.67	−0.013%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.67	−0.013%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.63	−0.039%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDTlong	0.0000%	8h	152.69	long leg	$31.3M	$65.8M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.993%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.69	0.000%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.87	+0.118%	$8K	$906K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.62	−0.046%	$88K	$1.3M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.73	+0.026%	$1.3M	$1.8M	75x	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	152.49	−0.128%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.61	−0.052%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.59	−0.065%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.55	−0.092%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.63	−0.039%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.67	−0.013%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.55	−0.092%	$130.9M	$128.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.62	−0.046%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.62	−0.046%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.67	−0.013%	$531K	$386K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.144%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0058%	8h	152.70	+0.010%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.58	−0.072%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.55	−0.092%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.53	−0.105%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.68	−0.007%	$15K	$7K	10x	as long as short
Variational Omni SPCX	+0.0102%	8h	152.59	−0.067%	$6.0M	$2.8M	—	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.67	−0.016%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0110%	1h	152.64	−0.034%	$612K	$803K	20x	as long as short
Binance SPCXUSDT	+0.0112%	8h	152.66	−0.022%	$250.5M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.62	−0.046%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0119%	8h	152.68	−0.007%	$39.5M	$166.6M	75x	as long as short
Bullet SPCX-USDshort	+0.0143%	1h	152.68	−0.008%	$12K	$193K	10x
RISEx SPCX/USDC	+0.0238%	1h	152.70	+0.007%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.62	−0.046%	$732K	$932K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.58	−0.072%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0368%	8h	152.68	−0.003%	$18.9M	$24.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	+0.007%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0990%	4h	152.59	−0.066%	$1.7M	$892K	20x	as long as short