Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0238%/8h= +26.0% APRpaid last 24h +0.027%

Price spread now: RISEx against Bitget+0.007%7-day average +0.033% · you sell dearer than you buy

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−$230.232% of the position

Long on Bitget Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.007%, 7d avg +0.033%

Together, before fees+0.083%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.027% cheaper against Bitget than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.033%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$7 a day). At the pace of the last 4 days (+0.072% in total) that is about 33 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.072% in total (about 7.2% 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	Bitget SPCXUSDT	152.46	0	get 0.0000% / 8h	2h 33m	$31.3M	$65.8M	75x
Short	RISEx SPCX/USDC	152.47	0.0238	get 0.0030% / 1h	33m 22s	$408K	$513K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.007%Rate

Funding earned: $49.96
Price spread: +0.007% → +0.033%: −$2.69
Slippage, 4 orders: −$5.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $24.09
Costs to cover: 0.232%
Break-even: 3.6 days

Slippage from Bitget: live order book, 6 min ago; RISEx: live order book, 15 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, 6 min ago	0.66 bp	6.9 bp −$7	8.8 bp −$88	27.3 bp −$2,731	41.1 bp −$20.5K
Sell RISEx live order book, 15 min ago	1.64 bp	4.6 bp −$5	5.2 bp −$52	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	152.34	−0.082%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.45	−0.007%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.42	−0.026%	$96.0M	$31.7M	100x	as long as short
Bitget SPCXUSDTlong	0.0000%	8h	152.46	long leg	$31.3M	$65.8M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.160%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.49	+0.020%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.73	+0.177%	$8K	$910K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.40	−0.039%	$87K	$1.3M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.47	+0.007%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0001%	8h	152.46	0.000%	$1.9M	$1.2M	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	+0.0023%	1h	152.36	−0.064%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.38	−0.052%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.35	−0.072%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.39	−0.046%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.44	−0.013%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.46	0.000%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.34	−0.079%	$130.8M	$128.6M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.38	−0.052%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.41	−0.033%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.45	−0.007%	$531K	$387K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.27	−0.125%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	152.45	−0.006%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.35	−0.072%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.36	−0.066%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.55	+0.059%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.45	−0.007%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.43	−0.020%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0115%	8h	152.49	+0.021%	$6.0M	$2.8M	—	as long as short
Extended SPCX-USD	+0.0120%	1h	152.40	−0.040%	$731K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0121%	8h	152.43	−0.017%	$250.5M	$1.36B	75x	as long as short
Nado SPCX-PERP	+0.0124%	1h	152.37	−0.059%	$614K	$802K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0128%	8h	152.44	−0.013%	$39.3M	$166.2M	75x	as long as short
Bullet SPCX-USD	+0.0157%	1h	152.44	−0.013%	$11K	$193K	10x	as long as short
RISEx SPCX/USDCshort	+0.0238%	1h	152.47	+0.007%	$408K	$513K	20x
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.013%	$739K	$923K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.45	−0.007%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0378%	8h	152.56	+0.068%	$18.9M	$24.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	+0.157%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0493%	4h	152.50	+0.029%	$1.7M	$893K	20x	as long as short