Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Gate−0.039%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days−0.033%−$3 · spread now −0.039%, 7d avg −0.040%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPCX_USDT	152.60	0	get 0.0000% / 8h	2h 28m	$96.4M	$31.0M	100x
Short	Polymarket Perps SPCX-USD	152.54	0.0050	get 0.0006% / 1h	28m 29s	$488K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.039%Rate

Funding earned: $10.5
Price spread: −0.039% → −0.040%: $0.08
Slippage, 4 orders: −$13.17
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$25.59
Costs to cover: 0.362%
Break-even: 24.1 days

Slippage from Gate: live order book, 5 min ago; Polymarket Perps: live order book, 5 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, 5 min ago	0.65 bp	8.7 bp −$9	16.0 bp −$160	44.2 bp −$4,417	79.9 bp −$40.0K
Sell Polymarket Perps live order book, 5 min ago	2.62 bp	6.6 bp −$7	6.9 bp −$69	20.7 bp −$2,070	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 −0.0271% / S +0.0488%	1h	152.54	−0.036%	$88K	—	20x	as long as short
Gate SPCX_USDTlong	0.0000%	8h	152.60	long leg	$96.4M	$31.0M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+13.042%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.62	+0.013%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.78	+0.118%	$8K	$989K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.60	0.000%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.51	−0.056%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.52	−0.052%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.047%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.57	−0.020%	—	$1.0M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps SPCX-USDshort	+0.0050%	1h	152.54	−0.039%	$488K	$1.1M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.59	−0.007%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	+0.013%	$542K	$402K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.46	−0.092%	$3.1M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0057%	1h	152.64	+0.026%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0066%	8h	152.63	+0.020%	$1.9M	$1.4M	75x	as long as short
Lighter SPCX	+0.0080%	1h	152.54	−0.039%	$1.6M	$7.3M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0094%	8h	152.62	+0.015%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.55	−0.033%	$175K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.45	−0.098%	$13.0M	$5.2M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.64	+0.026%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.60	0.000%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.62	+0.013%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0137%	8h	152.63	+0.020%	$30.7M	$42.2M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0157%	8h	152.64	+0.026%	$38.9M	$168.0M	75x	as long as short
Variational Omni SPCX	+0.0157%	8h	152.60	−0.001%	$6.1M	$4.3M	—	as long as short
tradeXYZ xyz:SPCX	+0.0183%	1h	152.54	−0.039%	$129.9M	$107.2M	20x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.62	+0.011%	$715K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0189%	8h	152.65	+0.032%	$256.0M	$1.38B	75x	as long as short
Bullet SPCX-USD	+0.0194%	1h	152.63	+0.022%	$12K	$190K	10x	as long as short
Aster SPCXUSD1	+0.0215%	8h	152.65	+0.033%	$19.0M	$21.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.16	−0.288%	$739K	$963K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.58	−0.013%	$370K	$191K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0275%	1h	152.55	−0.033%	$70K	$1.1M	10x	as long as short
Arcus SPCX-USD	+0.0293%	1h	152.57	−0.020%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0308%	1h	152.44	−0.103%	$624K	$878K	20x	as long as short
Bitget SPCXUSDT	+0.0330%	8h	152.62	+0.013%	$31.2M	$66.3M	75x	as long as short
RISEx SPCX/USDC	+0.0462%	1h	152.64	+0.023%	$383K	$540K	20x	as long as short
edgeX SPCXUSDC	+0.0611%	4h	152.60	−0.001%	$1.7M	$894K	20x	as long as short