Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0176%/8h= +19.2% APRpaid last 24h +0.020%

Price spread now: Polymarket Perps against BloFin+0.007%105s7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.239% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.288%+$29 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.007%, 7d avg −0.040%

Together, before fees+0.200%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Polymarket Perps is 0.046% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.040%. The two prices were read 105 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	152.67	−0.0075	get 0.0075% / 8h	5h 27m	$1.9M	$1.2M	75x
Short	Polymarket Perps SPCX-USD	152.68	0.0100	get 0.0013% / 1h	27m 18s	$487K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.007%Rate

Funding earned: $36.87
Price spread: +0.007% → −0.040%: $4.64
Slippage, 4 orders: −$3.91
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $17.6
Costs to cover: 0.239%
Break-even: 3.7 days

Slippage from BloFin: live order book, 4 min ago; Polymarket Perps: live order book, 4 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, 4 min ago	0.65 bp	6.7 bp −$7	7.3 bp −$73	11.1 bp −$1,106	16.3 bp −$8,153
Sell Polymarket Perps live order book, 4 min ago	0.33 bp	4.3 bp −$4	4.7 bp −$47	8.9 bp −$888	doesn't fit

SPCX on 38 exchanges

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	−0.069%	$90K	—	20x	as long as short
BloFin SPCX-USDTlong	−0.0075%	8h	152.67	long leg	$1.9M	$1.2M	75x
Bybit SPCXUSDT	0.0000%	8h	152.67	0.000%	$30.0M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.64	−0.020%	$96.2M	$32.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.72	+0.033%	$31.1M	$67.0M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.71	+0.026%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.86	+0.124%	$8K	$814K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.59	−0.052%	$44K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.73	+0.039%	$1.3M	$1.7M	75x	as long as short
Variational Omni SPCX	+0.0010%	8h	152.62	−0.033%	$5.9M	$2.7M	—	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0020%	1h	152.61	−0.041%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0030%	1h	152.67	0.000%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.63	−0.026%	$1.6M	$7.5M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.59	−0.052%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.072%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.57	−0.066%	$103K	$292K	5x	as long as short
Binance SPCXUSDT	+0.0044%	8h	152.68	+0.007%	$251.7M	$1.38B	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.61	−0.039%	—	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0048%	1h	152.62	−0.033%	$728K	$5.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.58	−0.059%	$128.3M	$129.9M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.62	−0.033%	$1.7M	$56K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.63	−0.026%	$532K	$371K	50x	as long as short
Paradex SPCX-USD-PERP	+0.0050%	8h	152.66	−0.008%	$101	—	5x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.57	−0.066%	$3.0M	$2.1M	10x	as long as short
RISEx SPCX/USDC	+0.0051%	1h	152.70	+0.017%	$351K	$518K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0076%	8h	152.69	+0.013%	$39.5M	$168.6M	75x	as long as short
Bullet SPCX-USD	+0.0091%	1h	152.69	+0.013%	$11K	$191K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.60	−0.046%	$169K	$114K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.56	−0.072%	$13.0M	$6.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.54	−0.085%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.67	0.000%	$15K	$7K	10x	as long as short
Polymarket Perps SPCX-USDshort	+0.0100%	1h	152.68	+0.007%	$487K	$1.1M	10x
Aevo SPCX-PERP	+0.0104%	1h	152.64	−0.020%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0111%	1h	152.62	−0.035%	$632K	$805K	20x	as long as short
edgeX SPCXUSDC	+0.0130%	4h	152.63	−0.029%	$1.7M	$888K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0136%	1h	152.70	+0.020%	$735K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.64	−0.020%	$448K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0397%	8h	152.80	+0.085%	$19.0M	$30.6M	20x	as long as short