Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.052%

Price spread now: BloFin against Bullet+0.005%7-day average +0.004% · 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−$240.236% of the position

Long on Bullet Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.205%−$20 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now +0.005%, 7d avg +0.004%

Together, before fees−0.158%−$16 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: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SPCX-USD	152.63	0.0194	pay 0.0024% / 1h	3m 12s	$12K	$189K	10x
Short	BloFin SPCX-USDT	152.64	0.0097	get 0.0097% / 8h	2h 03m	$1.9M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$20.52
Price spread: +0.005% → +0.004%: $0.17
Slippage, 4 orders: −$3.57
Fee Bullet: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$43.93
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from Bullet: live order book, 21 min ago; BloFin: 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 Bullet live order book, 21 min ago	0.33 bp	5.5 bp −$5	20.0 bp −$200	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.33 bp	6.3 bp −$6	7.1 bp −$71	10.8 bp −$1,078	16.3 bp −$8,168

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 −0.0335% / S +0.0533%	1h	152.62	−0.011%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.65	+0.012%	$96.5M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+13.019%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.66	+0.019%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.136%	$8K	$991K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.61	−0.014%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.61	−0.014%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	−0.040%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.026%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.66	+0.019%	—	$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
Lighter SPCX	+0.0048%	1h	152.58	−0.034%	$1.6M	$7.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.62	−0.008%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.62	−0.008%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.64	+0.005%	$540K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.49	−0.093%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0057%	1h	152.61	−0.014%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0092%	8h	152.65	+0.014%	$101	—	5x	as long as short
BloFin SPCX-USDTshort	+0.0097%	8h	152.64	+0.005%	$1.9M	$1.4M	75x
Pacifica SPCX	+0.0100%	1h	152.58	−0.034%	$175K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−0.073%	$13.0M	$5.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.66	+0.019%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.66	+0.019%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.66	+0.018%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0155%	8h	152.67	+0.025%	$30.7M	$42.3M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0183%	1h	152.61	−0.014%	$129.9M	$107.3M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0186%	8h	152.65	+0.012%	$38.9M	$168.2M	75x	as long as short
Variational Omni SPCX	+0.0194%	8h	152.65	+0.011%	$6.1M	$4.3M	—	as long as short
Bullet SPCX-USDlong	+0.0194%	1h	152.63	long leg	$12K	$189K	10x
Extended SPCX-USD	+0.0216%	1h	152.62	−0.008%	$715K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0217%	8h	152.64	+0.003%	$256.1M	$1.38B	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.71	+0.051%	$741K	$947K	10x	as long as short
Aster SPCXUSD1	+0.0246%	8h	152.69	+0.038%	$19.0M	$21.3M	20x	as long as short
Phoenix SPCX	+0.0262%	1h	152.68	+0.032%	$374K	$191K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0274%	1h	152.65	+0.012%	$71K	$1.1M	10x	as long as short
Arcus SPCX-USD	+0.0293%	1h	152.58	−0.034%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0298%	1h	152.53	−0.069%	$625K	$878K	20x	as long as short
Bitget SPCXUSDT	+0.0342%	8h	152.65	+0.012%	$31.1M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0462%	1h	152.69	+0.035%	$393K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0843%	4h	152.64	+0.007%	$1.7M	$893K	20x	as long as short