Funding you earn now, next payment 02:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h +0.028%
Price spread now: Deribit against Bullet−0.044%7-day average −0.008% · 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−$31as in the Price arb table
costs, in and out, $10k−$280.277% of the position
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.044%, 7d avg −0.008%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Deribit is 0.036% cheaper against Bullet than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet SPCX-USD | 153.01 | 0.0168 | pay 0.0021% / 1h | 2m 02s | $11K | $189K | 10x |
| Short | Deribit SPCX_USDC-PERPETUAL | 152.94 | 0 | get 0.0000% / 1h | 2m 02s | $72K | $1.1M | 10x |
Bullet SPCX-USD
Deribit SPCX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bullet. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$35.38
- Price spread: −0.044% → −0.008%
- −$3.61
- Slippage, 4 orders
- −$12.75
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$66.73
- Costs to cover
- 0.277%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 2 min ago; Deribit: 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, 2 min ago | 0.65 bp | 5.7 bp −$6 | 20.5 bp −$205 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 2 min ago | 0.33 bp | 12.0 bp −$12 | 14.8 bp −$148 | doesn't fit | doesn't fit |
SPCX on 38 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 −0.0333% / S +0.0531% | 1h | 152.99 | −0.014% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.98 | −0.017% | $96.0M | $31.4M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.52 | +12.754% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.94 | −0.044% | $302K | $3.0M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.24 | +0.152% | $8K | $941K | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUALshort | 0.0000% | 1h | 152.94 | −0.044% | $72K | $1.1M | 10x | |
| HTX SPCX-USDT | 0.0000% | 8h | 153.04 | +0.022% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0024% | 1h | 152.93 | −0.047% | $7K | $8K | 10x | as long as short |
| Lighter SPCX | +0.0032% | 1h | 152.95 | −0.037% | $1.6M | $7.2M | 20x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.93 | −0.050% | $2.5M | $7.3M | 20x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Lighter SPCX
Lighter RH SPCXShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SPCX/USDC PERP | +0.0033% | 1h | 153.35 | +0.224% | $9K | $27K | 5.5x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.93 | −0.050% | $105K | $297K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 153.00 | −0.004% | — | $1.2M | 10x | as long as short |
| QFEX SPCX-USD | +0.0049% | 1h | 152.97 | −0.024% | $1.2M | $6.7M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.95 | −0.037% | $499K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.99 | −0.011% | $1.7M | $91K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.99 | −0.011% | $534K | $405K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.84 | −0.109% | $3.2M | $2.5M | 10x | as long as short |
| Bybit SPCXUSDT | +0.0061% | 8h | 153.01 | +0.002% | $30.8M | $42.9M | 100x | as long as short |
| Paradex SPCX-USD-PERP | +0.0081% | 8h | 153.00 | −0.003% | $101 | — | 5x | as long as short |
| Bitget SPCXUSDT | +0.0085% | 8h | 153.04 | +0.022% | $31.7M | $66.2M | 75x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.90 | −0.070% | $169K | $133K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.91 | −0.063% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.93 | −0.050% | $58K | $272K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 153.01 | +0.002% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 153.00 | −0.006% | $89 | — | 10x | as long as short |
| Bullet SPCX-USDlong | +0.0168% | 1h | 153.01 | long leg | $11K | $189K | 10x | |
| tradeXYZ xyz:SPCX | +0.0182% | 1h | 152.98 | −0.017% | $142.3M | $119.1M | 20x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0189% | 8h | 153.02 | +0.009% | $39.4M | $168.4M | 75x | as long as short |
| Variational Omni SPCX | +0.0201% | 8h | 152.96 | −0.032% | $6.0M | $3.1M | — | as long as short |
| Extended SPCX-USD | +0.0208% | 1h | 152.96 | −0.028% | $736K | $3.8M | 10x | as long as short |
| Binance SPCXUSDT | +0.0211% | 8h | 153.01 | +0.001% | $252.6M | $1.37B | 75x | as long as short |
| Nado SPCX-PERP | +0.0235% | 1h | 152.93 | −0.052% | $622K | $835K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0288% | 1h | 152.97 | −0.024% | $738K | $972K | 10x | as long as short |
| Phoenix SPCX | +0.0314% | 1h | 152.96 | −0.031% | $445K | $270K | 15x | as long as short |
| RISEx SPCX/USDC | +0.0410% | 1h | 153.03 | +0.015% | $408K | $549K | 20x | as long as short |
| Aster SPCXUSD1 | +0.0411% | 8h | 153.09 | +0.056% | $19.0M | $15.2M | 20x | as long as short |
| edgeX SPCXUSDC | +0.0994% | 4h | 152.98 | −0.019% | $1.7M | $893K | 20x | as long as short |
Injective SPCX/USDC PERP
Arcus SPCX-USD
Vest SPCX-USD-PERP
QFEX SPCX-USD
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
Bybit SPCXUSDT
Paradex SPCX-USD-PERP
Bitget SPCXUSDT
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
tradeXYZ xyz:SPCX
OKX SPCX-USDT-SWAP
Variational Omni SPCX
Extended SPCX-USD
Binance SPCXUSDT
Nado SPCX-PERP
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
RISEx SPCX/USDC
Aster SPCXUSD1
edgeX SPCXUSDC