Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h −0.030%

Price spread now: SunX against Bullet+0.175%7-day average +0.054% · 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−$59as in the Price arb table

costs, in and out, $10k−$720.716% of the position

Long on Bullet Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.111%−$11 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.175%, 7d avg +0.054%

Together, before fees−0.179%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.121% dearer against Bullet than usual: you sell high and buy low (spread +0.175% now, against its 7-day average of +0.054%): +$12 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 3 days (−0.111% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SPCX-USD	152.55	0.0228	pay 0.0029% / 1h	25m 33s	$12K	$193K	10x
Short	SunX SPCX-USDT	152.82	0	get 0.0000% / 8h	3h 25m	$8K	$923K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.175%Rate

Funding earned: −$47.97
Price spread: +0.175% → +0.054%: $12.12
Slippage, 4 orders: −$55.59
Fee Bullet: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$107.44
Costs to cover: 0.716%
Break-even: never at this rate

Slippage from Bullet: live order book, 28 min ago; SunX: live order book, 57 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, 28 min ago	0.65 bp	5.7 bp −$6	19.9 bp −$199	doesn't fit	doesn't fit
Sell SunX live order book, 57 min ago	21.86 bp	34.3 bp −$34	doesn't fit	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 −0.0265% / S +0.0494%	1h	152.47	−0.058%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.50	−0.035%	$96.2M	$31.4M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.54	−0.008%	$31.5M	$65.6M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.095%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.68	+0.083%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	152.82	+0.175%	$8K	$923K	10x
HTX SPCX-USDT	0.0000%	8h	152.61	+0.037%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0019%	8h	152.51	−0.028%	$30.7M	$42.7M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0032%	1h	152.50	−0.036%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.43	−0.081%	$2.5M	$7.4M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SPCX-USDT	+0.0034%	8h	152.57	+0.011%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.48	−0.048%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.55	−0.002%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.51	−0.028%	$494K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.51	−0.028%	$1.7M	$98K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.51	−0.028%	$532K	$393K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.44	−0.074%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.47	−0.054%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.51	−0.025%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.51	−0.028%	$84K	$1.2M	10x	as long as short
Lighter SPCX	+0.0096%	1h	152.46	−0.061%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.41	−0.094%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.47	−0.054%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.48	−0.048%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.55	−0.002%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.55	−0.002%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0141%	8h	152.53	−0.017%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0152%	8h	152.51	−0.025%	$249.8M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.47	−0.057%	$736K	$3.8M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0153%	8h	152.52	−0.022%	$39.4M	$166.3M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0175%	1h	152.40	−0.100%	$134.9M	$125.3M	20x	as long as short
Nado SPCX-PERP	+0.0214%	1h	152.48	−0.048%	$613K	$799K	20x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.55	−0.002%	$408K	$517K	20x	as long as short
Bullet SPCX-USDlong	+0.0228%	1h	152.55	long leg	$12K	$193K	10x
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.074%	$739K	$944K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.53	−0.015%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0429%	8h	152.62	+0.046%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.418%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0832%	4h	152.58	+0.016%	$1.7M	$891K	20x	as long as short