Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0160%/8h= +17.6% APRpaid last 24h +0.024%

Price spread now: Bullet against Gate+0.013%7-day average +0.046% · 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−$39as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Gate Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.105%+$11 on $10k

Price spread, last 4 days (all we have)+0.940%+$94 · spread now +0.013%, 7d avg +0.046%

Together, before fees+1.045%+$104 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bullet is 0.033% cheaper against Gate than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.046%). If the spread goes back, that is −$3 on $10k: about 16 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPCX_USDT	153.05	0	get 0.0000% / 8h	6h 25m	$96.1M	$31.3M	100x
Short	Bullet SPCX-USD	153.07	0.0160	get 0.0020% / 1h	25m 26s	$11K	$189K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Gate. 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 GatebpFee BulletbpOrdersPrice spread, now +0.013%Rate

Funding earned: $33.7
Price spread: +0.013% → +0.046%: −$3.28
Slippage, 4 orders: −$12.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$5.58
Costs to cover: 0.360%
Break-even: 8.2 days

Slippage from Gate: live order book, 4 min ago; Bullet: live order book, 44 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 Gate live order book, 4 min ago	0.65 bp	11.2 bp −$11	17.2 bp −$172	46.5 bp −$4,650	82.2 bp −$41.1K
Sell Bullet live order book, 44 min ago	0.65 bp	8.0 bp −$8	20.8 bp −$208	doesn't fit	doesn't fit

SPCX on 38 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 −0.0342% / S +0.0538%	1h	153.04	−0.003%	$88K	—	20x	as long as short
Gate SPCX_USDTlong	0.0000%	8h	153.05	long leg	$96.1M	$31.3M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.725%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.96	−0.059%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.29	+0.157%	$8K	$946K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.06	+0.007%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.97	−0.050%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.00	−0.033%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.97	−0.052%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.176%	$9K	$27K	5.5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.99	−0.039%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.02	−0.020%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.03	−0.013%	$1.2M	$6.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.01	−0.026%	$501K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	0.000%	$1.7M	$90K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.07	+0.013%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−0.091%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDT	+0.0079%	8h	153.07	+0.013%	$30.8M	$43.0M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0084%	8h	153.09	+0.024%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.94	−0.072%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.97	−0.052%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.078%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.08	+0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.06	+0.007%	$89	—	10x	as long as short
Bitget SPCXUSDT	+0.0153%	8h	153.11	+0.039%	$31.9M	$66.3M	75x	as long as short
Bullet SPCX-USDshort	+0.0160%	1h	153.07	+0.013%	$11K	$189K	10x
tradeXYZ xyz:SPCX	+0.0173%	1h	153.01	−0.026%	$142.3M	$119.2M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0195%	8h	153.11	+0.039%	$39.4M	$169.0M	75x	as long as short
Variational Omni SPCX	+0.0207%	8h	153.07	+0.013%	$6.0M	$3.3M	—	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	153.03	−0.013%	$72K	$1.1M	10x	as long as short
Binance SPCXUSDT	+0.0221%	8h	153.08	+0.018%	$252.9M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	153.04	−0.008%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0243%	1h	152.95	−0.064%	$622K	$839K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	152.97	−0.052%	$738K	$983K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.07	+0.013%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0401%	8h	153.12	+0.047%	$19.0M	$15.1M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.09	+0.024%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0774%	4h	153.05	−0.001%	$1.7M	$892K	20x	as long as short