Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0289%/8h= −31.6% APRpaid last 24h +0.009%

Price spread now: SoDEX against Bitget−0.013%7-day average −0.029% · 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−$51as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.039%+$4 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now −0.013%, 7d avg −0.029%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.039% 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	Bitget SPCXUSDT	152.71	0.0339	pay 0.0339% / 8h	2h 14m	$31.4M	$66.4M	75x
Short	SoDEX SPCX-USD	152.69	0.0050	get 0.0006% / 1h	14m 17s	$1.7M	$79K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$60.69
Price spread: −0.013% → −0.029%: $1.6
Slippage, 4 orders: −$32.87
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$111.95
Costs to cover: 0.529%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; SoDEX: live order book, 5 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, 5 min ago	0.33 bp	9.4 bp −$9	12.6 bp −$126	27.8 bp −$2,780	41.8 bp −$20.9K
Sell SoDEX live order book, 5 min ago	0.33 bp	18.1 bp −$18	50.4 bp −$504	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 −0.0271% / S +0.0488%	1h	152.65	−0.043%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.68	−0.020%	$96.5M	$31.1M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.963%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.68	−0.020%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.83	+0.079%	$8K	$989K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.64	−0.046%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.57	−0.093%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.61	−0.065%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.973%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.67	−0.026%	—	$1.1M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps SPCX-USD	+0.0050%	1h	152.64	−0.046%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USDshort	+0.0050%	1h	152.69	−0.013%	$1.7M	$79K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.69	−0.013%	$540K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.50	−0.138%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0057%	1h	152.67	−0.026%	$1.2M	$7.6M	10x	as long as short
Lighter SPCX	+0.0064%	1h	152.62	−0.059%	$1.6M	$7.3M	20x	as long as short
BloFin SPCX-USDT	+0.0086%	8h	152.65	−0.039%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0099%	8h	152.68	−0.018%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.58	−0.085%	$175K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.55	−0.105%	$13.0M	$5.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.65	−0.039%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.70	−0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.69	−0.011%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0151%	8h	152.68	−0.020%	$30.7M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0178%	8h	152.71	0.000%	$39.0M	$168.2M	75x	as long as short
Variational Omni SPCX	+0.0183%	8h	152.65	−0.041%	$6.1M	$4.3M	—	as long as short
tradeXYZ xyz:SPCX	+0.0184%	1h	152.64	−0.046%	$129.9M	$107.3M	20x	as long as short
Bullet SPCX-USD	+0.0205%	1h	152.69	−0.013%	$11K	$191K	10x	as long as short
Binance SPCXUSDT	+0.0208%	8h	152.71	−0.002%	$256.3M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.68	−0.021%	$715K	$3.6M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.71	0.000%	$741K	$947K	10x	as long as short
Aster SPCXUSD1	+0.0236%	8h	152.73	+0.011%	$19.0M	$21.3M	20x	as long as short
Phoenix SPCX	+0.0262%	1h	152.63	−0.052%	$370K	$191K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0274%	1h	152.66	−0.033%	$71K	$1.1M	10x	as long as short
Arcus SPCX-USD	+0.0293%	1h	152.62	−0.059%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0308%	1h	152.55	−0.106%	$625K	$878K	20x	as long as short
Bitget SPCXUSDTlong	+0.0339%	8h	152.71	long leg	$31.4M	$66.4M	75x
RISEx SPCX/USDC	+0.0462%	1h	152.74	+0.019%	$393K	$545K	20x	as long as short
edgeX SPCXUSDC	+0.0731%	4h	152.63	−0.051%	$1.7M	$894K	20x	as long as short