Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.003%

Price spread now: Paradex against Bullet−0.009%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 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	152.70	0.0125	pay 0.0016% / 1h	7m 24s	$11K	$188K	10x
Short	Paradex SPCX-USD-PERP	152.68	0.0081	get 0.0081% / 8h	1h 07m	$101	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$9.26
Price spread: −0.009% → 0.000%: −$0.9
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$22.16
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bullet: live order book, 12 min ago; Paradex: no order-book sample. Net counts fees only.

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	0.33 bp	5.5 bp −$5	19.6 bp −$196	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0272% / S +0.0488%	1h	152.66	−0.028%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.68	−0.011%	$96.6M	$30.9M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.979%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.71	+0.008%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.89	+0.126%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.69	−0.005%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.56	−0.089%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.62	−0.051%	$1.7M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.62	−0.051%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.982%	$9K	$27K	5.5x	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	152.63	−0.044%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.66	−0.024%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.66	−0.024%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.68	−0.011%	$538K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.52	−0.116%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.67	−0.018%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0080%	8h	152.66	−0.024%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERPshort	+0.0081%	8h	152.68	−0.009%	$101	—	5x
Pacifica SPCX	+0.0100%	1h	152.59	−0.070%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.56	−0.090%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.69	−0.005%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.67	−0.018%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.69	−0.006%	$89	—	10x	as long as short
Bullet SPCX-USDlong	+0.0125%	1h	152.70	long leg	$11K	$188K	10x
Bybit SPCXUSDT	+0.0146%	8h	152.72	+0.015%	$30.8M	$42.4M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0174%	1h	152.66	−0.024%	$131.0M	$108.0M	20x	as long as short
Variational Omni SPCX	+0.0178%	8h	152.64	−0.035%	$6.0M	$3.9M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0193%	8h	152.72	+0.015%	$39.0M	$168.6M	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.66	−0.025%	$739K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0202%	8h	152.69	−0.003%	$255.6M	$1.38B	75x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.63	−0.044%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0249%	1h	152.55	−0.099%	$625K	$871K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.63	−0.044%	$741K	$947K	10x	as long as short
Aster SPCXUSD1	+0.0259%	8h	152.76	+0.041%	$19.0M	$21.9M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	152.65	−0.031%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0318%	8h	152.70	+0.002%	$31.0M	$66.5M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0406%	1h	152.64	−0.037%	$70K	$1.1M	10x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.72	+0.015%	$402K	$548K	20x	as long as short
edgeX SPCXUSDC	+0.0798%	4h	152.65	−0.033%	$1.7M	$892K	20x	as long as short