Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0767%/8h= −84.0% APRpaid last 24h +0.035%

Price spread now: Polymarket Perps against edgeX+0.020%64s7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.249% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.606%−$61 on $10k

Price spread, last 7 days−0.125%−$13 · spread now +0.020%, 7d avg −0.043%

Together, before fees−0.731%+ Points / potential airdropedgeX: Active · farm board−$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.062% dearer against edgeX than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.043%): +$6 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.606% in total) that is about 17 hours. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	152.61	0.0817	pay 0.0408% / 4h	2h 12m	$1.7M	$894K	20x
Short	Polymarket Perps SPCX-USD	152.64	0.0050	get 0.0006% / 1h	12m 00s	$488K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$161.03
Price spread: +0.020% → −0.043%: $6.22
Slippage, 4 orders: −$7.86
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$179.67
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 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 edgeX live order book, 2 min ago	1.64 bp	6.1 bp −$6	7.2 bp −$72	20.3 bp −$2,026	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	2.29 bp	6.3 bp −$6	6.9 bp −$69	9.6 bp −$958	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	152.65	+0.023%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0014%	8h	152.68	+0.046%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.76	+0.098%	$30.7M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.73	+0.079%	$96.2M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.79	+0.118%	$31.2M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.052%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.68	+0.046%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.87	+0.170%	$8K	$899K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.67	+0.039%	$88K	$1.3M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.79	+0.118%	$1.3M	$1.8M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0018%	1h	152.54	−0.044%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.69	+0.052%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.67	+0.039%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.58	−0.020%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.65	+0.026%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.74	+0.085%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.65	+0.026%	$130.3M	$129.1M	20x	as long as short
Polymarket Perps SPCX-USDshort	+0.0050%	1h	152.64	+0.020%	$488K	$1.2M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.71	+0.065%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.74	+0.085%	$531K	$386K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.092%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.71	+0.066%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0097%	8h	152.63	+0.013%	$6.0M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.63	+0.013%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.61	0.000%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.55	−0.039%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.69	+0.052%	$15K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.71	+0.064%	$731K	$4.6M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.70	+0.058%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0104%	1h	152.67	+0.041%	$613K	$801K	20x	as long as short
Binance SPCXUSDT	+0.0106%	8h	152.73	+0.080%	$250.5M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0117%	8h	152.78	+0.111%	$39.5M	$166.6M	75x	as long as short
Bullet SPCX-USD	+0.0134%	1h	152.74	+0.085%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.72	+0.075%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.70	+0.059%	$731K	$938K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.65	+0.026%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0362%	8h	152.77	+0.105%	$18.9M	$24.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	+0.059%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDClong	+0.0817%	4h	152.61	long leg	$1.7M	$894K	20x