Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h −0.001%

Price spread now: Polymarket Perps against Bybit−0.026%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.245% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 7 days−0.082%−$8 · spread now −0.026%, 7d avg −0.065%

Together, before fees−0.026%−$3 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 Polymarket Perps is 0.038% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPCXUSDT	152.42	0	get 0.0000% / 8h	1h 32m	$30.6M	$42.7M	100x
Short	Polymarket Perps SPCX-USD	152.38	0.0126	get 0.0016% / 1h	32m 05s	$487K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.026%Rate

Funding earned: $26.39
Price spread: −0.026% → −0.065%: $3.83
Slippage, 4 orders: −$5.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $5.76
Costs to cover: 0.245%
Break-even: 5.5 days

Slippage from Bybit: live order book, 7 min ago; Polymarket Perps: live order book, 1 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 Bybit live order book, 7 min ago	0.33 bp	7.7 bp −$8	11.2 bp −$112	46.1 bp −$4,613	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	0.98 bp	5.0 bp −$5	7.3 bp −$73	9.6 bp −$964	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 −0.0187% / S +0.0435%	1h	152.31	−0.075%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0008%	8h	152.41	−0.007%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDTlong	0.0000%	8h	152.42	long leg	$30.6M	$42.7M	100x
Gate SPCX_USDT	0.0000%	8h	152.35	−0.046%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.41	−0.007%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.189%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.026%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.67	+0.164%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.47	+0.033%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.34	−0.051%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.32	−0.066%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.38	−0.026%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.33	−0.059%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	−0.059%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	−0.033%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.37	−0.033%	$531K	$380K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.25	−0.112%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.42	+0.002%	$405K	$499K	20x	as long as short
Variational Omni SPCX	+0.0090%	8h	152.38	−0.027%	$5.9M	$2.8M	—	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	152.41	−0.007%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.34	−0.052%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.27	−0.098%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	−0.033%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.40	−0.013%	$14K	$7K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0102%	1h	152.30	−0.079%	$129.9M	$129.1M	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.38	−0.024%	$88	—	10x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.37	−0.030%	$733K	$3.7M	10x	as long as short
Binance SPCXUSDT	+0.0112%	8h	152.41	−0.006%	$251.5M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0123%	8h	152.43	+0.007%	$39.5M	$166.7M	75x	as long as short
Polymarket Perps SPCX-USDshort	+0.0126%	1h	152.38	−0.026%	$487K	$1.2M	10x
Lighter SPCX	+0.0128%	1h	152.34	−0.052%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.039%	$732K	$938K	10x	as long as short
edgeX SPCXUSDC	+0.0209%	4h	152.39	−0.017%	$1.7M	$892K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.38	−0.026%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0251%	1h	152.24	−0.121%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0283%	1h	152.40	−0.012%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0376%	8h	152.52	+0.066%	$18.9M	$27.9M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.256%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0538%	1h	152.35	−0.046%	$89K	$1.3M	10x	as long as short