Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 122.06 | spot | no funding | — | — | $6.9M | 1x | Buy Bybit Spot | |
| SHORT | 122.02 | +0.0444 | get 0.0444% / 8h | 7h 51m | $39.4M | $86.7M | 100x | Short Bybit |
Price gap−0.037%
Funding gap+0.0444% /8h
Funding pays +$13 a day on $10k, but the gap is 0.060% under its 7d average: −$6 if it goes back, about 11 hours of funding. At the last 7 days' pace that is about 4.6 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$9+0.0444% /8h now · paid +0.092% over the last 7D
Price−$6spread −0.037% now, avg +0.023% → −0.060% if it goes back
Costs−$790.790% of $10k · taker + slippage, in and out
Result−$76−0.76%no points
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.092% in total, about +0.0044%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.037%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hSPCX on 47 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size35.1 / 8.3 bpAt $10k entering Bybit Spot costs 35.1 bp, fee and slippage, 4.2× Bybit’s.
- Note: Spot in full, margin on the short$10,000 + $100The spot leg is bought with the whole $10k; Bybit runs at up to 100x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
- OK: Only the short pays funding— / 8hThe spot leg pays no funding; Bybit settles every 8h.Next 24h at the current rates, on $10k a leg: +$13.31Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, +$13.31.
- Watch: Gap narrower than usual−0.037% vs +0.023%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$39.4M OIOnly Bybit reports one; the spot book's depth is in the cost check above.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Spot Yes · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0044%/8h × 21 periods+$9.15
Price spread−0.037% → +0.023% (7d avg)−$5.96
Slippage, 4 orderslive order books−$48.04
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$75.86
Costs to cover0.790%Break-even65.0 days
Slippage: Bybit Spot: live order book, 10 min ago; Bybit: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit Spot1.6335.1 bp−$352165.6 bp−$21.7Kdoesn’t fitdoesn’t fit
SELL · SHORTBybit0.828.3 bp−$813.7 bp−$13747.1 bp−$4,710doesn’t fit
Closing costs about the same again.
SPCX news
posts that mention SPCX, from every exchange| 11-05 12:39 | Kalshi | Listing | new market KXSPCXPERP ($SPCX) seen by our collector |
| 11-05 06:14 | SoDEX | Other | 🇺🇸 US MIDTERMS: Democrats have flipped Congress. What does the political shake-up mean for your portfolio? 👀 🛢️ OIL — BEARISH 📉 Pressure to end the US-Iran war is mounting. Brent crude plunged 8.7% below $95 as ceasefire expectations rose. Further de-escalation could push oil prices lower. ₿ CRYPTO — REGULATORY HEADWINDS ⚠️ Democratic control of Congress could delay the CLARITY Act, reducing the likelihood of near-term passage and prolonging regulatory uncertainty for crypto markets. 🤖 AI & TECH — A DIVIDED OUTLOOK 🔴 Emerging Cloud Providers: Tighter data center oversight could delay construction, increase costs and slow AI infrastructure expansion. 🟢 Big Tech: Established hyperscalers like $MSFT, $GOOGLE and $AMZN may benefit from existing infrastructure, stronger financing capacity and regulatory advantages. ⚡ The Bigger Picture: Slower data center development could mean lower AI CapEx growth, putting pressure on chipmakers and newer cloud companies. 📊 OTHER SECTORS TO WATCH 🟢 Healthcare & clean energy — Potential policy tailwinds 🔴 $TSLA & $SPCX — Greater regulatory scrutiny 🔴 Defense — Potential pressure from de-escalation 🇨🇳 China assets — Reduced tariff uncertainty, but potentially tougher congressional scrutiny. 🔥 YOUR TRADE, YOUR CALL! 👇 Which sector are you most bullish or bearish on after the midterms? 📸 Share your positions or market predictions in the comments! @sodex_official on X ↗ |
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