Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0034%/8h= +3.8% APRpaid last 24h +0.040%

Price spread now: Bullet against BloFin−0.005%228s7-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—prices read too far apart to compare

costs, in and out, $10k−$260.264% of the position

Long on BloFin Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.204%+$20 on $10k

Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.005%, 7d avg −0.004%

Together, before fees+0.195%+$20 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: +$1 a day on $10k at the current rate. The two prices were read 228 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	153.03	0.0116	pay 0.0116% / 8h	6h 44m	$1.9M	$1.4M	75x
Short	Bullet SPCX-USD	153.02	0.0150	get 0.0019% / 1h	44m 55s	$11K	$189K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against BloFin. 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 BloFinbpFee BulletbpOrdersPrice spread, now −0.005%Rate

Funding earned: $7.21
Price spread: −0.005% → −0.004%: −$0.09
Slippage, 4 orders: −$6.36
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$19.24
Costs to cover: 0.264%
Break-even: 25.7 days

Slippage from BloFin: live order book, 8 min ago; Bullet: live order book, 24 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 BloFin live order book, 8 min ago	0.33 bp	6.3 bp −$6	7.5 bp −$75	10.3 bp −$1,027	14.3 bp −$7,129
Sell Bullet live order book, 24 min ago	0.65 bp	8.0 bp −$8	20.8 bp −$208	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 −0.0341% / S +0.0537%	1h	152.97	−0.036%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.00	−0.020%	$96.3M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.739%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.059%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.24	+0.137%	$8K	$949K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.96	−0.046%	$72K	$1.1M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.01	−0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.93	−0.067%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.97	−0.039%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.94	−0.059%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.190%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.94	−0.059%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.02	−0.007%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.00	−0.020%	$1.2M	$7.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.96	−0.046%	$500K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	−0.026%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.95	−0.052%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.124%	$3.2M	$2.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0084%	8h	153.01	−0.012%	$101	—	5x	as long as short
Bybit SPCXUSDT	+0.0096%	8h	153.04	+0.007%	$30.9M	$42.9M	100x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	−0.072%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−0.078%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.02	−0.007%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	−0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.01	−0.012%	$89	—	10x	as long as short
BloFin SPCX-USDTlong	+0.0116%	8h	153.03	long leg	$1.9M	$1.4M	75x
Bullet SPCX-USDshort	+0.0150%	1h	153.02	−0.005%	$11K	$189K	10x
tradeXYZ xyz:SPCX	+0.0165%	1h	152.98	−0.033%	$142.4M	$119.7M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0203%	8h	153.04	+0.007%	$39.4M	$169.0M	75x	as long as short
Variational Omni SPCX	+0.0217%	8h	152.98	−0.032%	$6.0M	$3.3M	—	as long as short
Bitget SPCXUSDT	+0.0218%	8h	153.05	+0.013%	$31.8M	$66.6M	75x	as long as short
Binance SPCXUSDT	+0.0231%	8h	153.03	+0.002%	$252.9M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0232%	1h	153.00	−0.019%	$734K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0263%	1h	152.94	−0.059%	$620K	$843K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.072%	$728K	$986K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.02	−0.007%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0392%	8h	153.10	+0.043%	$19.0M	$17.7M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.06	+0.016%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0635%	4h	152.99	−0.028%	$1.7M	$894K	20x	as long as short