Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h −0.020%

Price spread now: Aster against Bullet+0.049%7-day average −0.001% · 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−$23as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Bullet Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.101%−$10 on $10k

Price spread, last 3 days (all we have)−0.133%−$13 · spread now +0.049%, 7d avg −0.001%

Together, before fees−0.233%+ Points / potential airdropAster: Stage 5 · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aster is 0.049% dearer against Bullet than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.001%. Mind the row above: over the last 3 days funding on this pair cost −0.101%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SPCX-USD	152.90	0.0167	pay 0.0021% / 1h	1m 42s	$12K	$187K	10x
Short	Aster SPCXUSD1	152.97	0.0314	get 0.0314% / 8h	1m 42s	$19.0M	$21.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bullet. 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 BulletbpFee AsterbpOrdersPrice spread, now +0.049%Rate

Funding earned: $30.87
Price spread: +0.049% → −0.001%: $4.93
Slippage, 4 orders: −$11.65
Fee Bullet: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: $8.14
Costs to cover: 0.277%
Break-even: 5.2 days

Slippage from Bullet: live order book, 12 min ago; Aster: live order book, 2 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 Bullet live order book, 12 min ago	1.63 bp	7.2 bp −$7	20.7 bp −$207	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	0.33 bp	5.8 bp −$6	9.9 bp −$99	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 −0.0289% / S +0.0500%	1h	152.87	−0.023%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.88	−0.013%	$96.6M	$31.5M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.829%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.81	−0.059%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.15	+0.164%	$8K	$971K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.90	0.000%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.83	−0.045%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.81	−0.059%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.845%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.83	−0.046%	$105K	$297K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.86	−0.026%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.85	−0.033%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.89	−0.007%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.84	−0.039%	$534K	$414K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.75	−0.098%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.87	−0.020%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDT	+0.0086%	8h	152.91	+0.007%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.81	−0.059%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.82	−0.052%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.97	+0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.91	+0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.91	+0.008%	$89	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0105%	8h	152.91	+0.003%	$101	—	5x	as long as short
Lighter SPCX	+0.0112%	1h	152.84	−0.039%	$1.6M	$7.5M	20x	as long as short
Bybit SPCXUSDT	+0.0156%	8h	152.90	0.000%	$30.7M	$42.8M	100x	as long as short
Bullet SPCX-USDlong	+0.0167%	1h	152.90	long leg	$12K	$187K	10x
Variational Omni SPCX	+0.0185%	8h	152.91	+0.009%	$6.1M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0200%	8h	152.91	+0.007%	$38.9M	$169.3M	75x	as long as short
Binance SPCXUSDT	+0.0208%	8h	152.90	0.000%	$253.0M	$1.39B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.87	−0.020%	$734K	$3.6M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0251%	1h	152.86	−0.026%	$143.4M	$119.5M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.90	0.000%	$445K	$269K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.046%	$733K	$970K	10x	as long as short
Nado SPCX-PERP	+0.0284%	1h	152.74	−0.105%	$599K	$884K	20x	as long as short
Bitget SPCXUSDT	+0.0314%	8h	152.91	+0.007%	$31.2M	$67.1M	75x	as long as short
Aster SPCXUSD1short	+0.0314%	8h	152.97	+0.049%	$19.0M	$21.3M	20x
RISEx SPCX/USDC	+0.0339%	1h	152.95	+0.033%	$401K	$540K	20x	as long as short
edgeX SPCXUSDC	+0.0425%	4h	152.90	+0.003%	$1.7M	$893K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0732%	1h	152.88	−0.013%	$71K	$1.0M	10x	as long as short