Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0543%/8h= +59.5% APRpaid last 24h +0.039%

Price spread now: RISEx against Gate+0.032%7-day average +0.077% · 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−$33as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.080%+$8 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.032%, 7d avg +0.077%

Together, before fees+0.110%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.045% cheaper against Gate than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.077%). If the spread goes back, that is −$5 on $10k: about 7 hours of funding at the current rate (+$16 a day). At the pace of the last 3 days (+0.080% in total) that is about 45 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.080% in total (about 8.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPCX_USDT	152.62	0	get 0.0000% / 8h	1h 14m	$96.5M	$30.9M	100x
Short	RISEx SPCX/USDC	152.67	0.0543	get 0.0068% / 1h	14m 34s	$402K	$548K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.032%Rate

Funding earned: $114.11
Price spread: +0.032% → +0.077%: −$4.53
Slippage, 4 orders: −$7.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $81.16
Costs to cover: 0.284%
Break-even: 2.0 days

Slippage from Gate: live order book, 4 min ago; RISEx: live order book, 4 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	0.33 bp	10.3 bp −$10	15.7 bp −$157	44.6 bp −$4,457	80.3 bp −$40.2K
Sell RISEx live order book, 4 min ago	0.98 bp	4.0 bp −$4	6.1 bp −$61	doesn't fit	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 −0.0272% / S +0.0488%	1h	152.59	−0.023%	$88K	—	20x	as long as short
Gate SPCX_USDTlong	0.0000%	8h	152.62	long leg	$96.5M	$30.9M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+13.035%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.64	+0.013%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.80	+0.118%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.60	−0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.59	−0.019%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.54	−0.052%	$1.7M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.56	−0.039%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.034%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.57	−0.033%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.59	−0.020%	$488K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.59	−0.020%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.61	−0.007%	$538K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.45	−0.111%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.61	−0.007%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0068%	8h	152.61	−0.005%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0075%	8h	152.63	+0.007%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.53	−0.059%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.54	−0.052%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.65	+0.020%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.62	0.000%	$15K	$7K	10x	as long as short
Bullet SPCX-USD	+0.0104%	1h	152.60	−0.011%	$11K	$188K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.62	−0.003%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0140%	8h	152.65	+0.020%	$30.8M	$42.4M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0158%	1h	152.61	−0.007%	$130.4M	$107.7M	20x	as long as short
Variational Omni SPCX	+0.0175%	8h	152.59	−0.022%	$6.0M	$3.9M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0184%	8h	152.65	+0.020%	$38.9M	$168.5M	75x	as long as short
Extended SPCX-USD	+0.0192%	1h	152.60	−0.010%	$739K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0196%	8h	152.64	+0.013%	$255.5M	$1.38B	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.55	−0.046%	$70K	$1.1M	10x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.56	−0.039%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0242%	1h	152.50	−0.078%	$624K	$872K	20x	as long as short
Aster SPCXUSD1	+0.0248%	8h	152.70	+0.050%	$19.0M	$21.8M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.63	+0.007%	$741K	$947K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.60	−0.013%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0315%	8h	152.63	+0.007%	$31.0M	$66.5M	75x	as long as short
RISEx SPCX/USDCshort	+0.0543%	1h	152.67	+0.032%	$402K	$548K	20x
edgeX SPCXUSDC	+0.0836%	4h	152.59	−0.022%	$1.7M	$894K	20x	as long as short