Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0154%/8h= +16.9% APRpaid last 24h +0.038%

Price spread now: Bullet against HTX−0.035%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on HTX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.119%+$12 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.035%, 7d avg −0.002%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bullet is 0.033% cheaper against HTX than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of −0.002%). If the spread goes back, that is −$3 on $10k: about 17 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	HTX SPCX-USDT	152.39	0	get 0.0000% / 8h	39m 14s	$1.3M	$1.8M	75x
Short	Bullet SPCX-USD	152.34	0.0154	get 0.0019% / 1h	39m 14s	$11K	$192K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against HTX. 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 HTXbpFee BulletbpOrdersPrice spread, now −0.035%Rate

Funding earned: $32.35
Price spread: −0.035% → −0.002%: −$3.31
Slippage, 4 orders: −$9.16
Fee HTX: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$0.12
Costs to cover: 0.292%
Break-even: 7.0 days

Slippage from HTX: live order book, 5 min ago; Bullet: live order book, 65 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 HTX live order book, 5 min ago	1.31 bp	8.0 bp −$8	8.6 bp −$86	12.6 bp −$1,258	doesn't fit
Sell Bullet live order book, 65 min ago	0.65 bp	5.6 bp −$6	19.8 bp −$198	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 −0.0234% / S +0.0471%	1h	152.26	−0.082%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.31	−0.052%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.35	−0.026%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.214%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.007%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.57	+0.118%	$8K	$893K	10x	as long as short
HTX SPCX-USDTlong	0.0000%	8h	152.39	long leg	$1.3M	$1.8M	75x
Bybit SPCXUSDT	+0.0013%	8h	152.35	−0.026%	$30.5M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0021%	8h	152.34	−0.033%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.30	−0.062%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.28	−0.072%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.26	−0.085%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.26	−0.085%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	−0.039%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.23	−0.105%	$129.9M	$129.2M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.29	−0.066%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.29	−0.066%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.32	−0.046%	$530K	$373K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.19	−0.131%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.28	−0.072%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0100%	8h	152.32	−0.045%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.23	−0.105%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.22	−0.112%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.29	−0.066%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.35	−0.026%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.34	−0.036%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0127%	8h	152.34	−0.036%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0141%	8h	152.34	−0.033%	$252.8M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.30	−0.062%	$724K	$4.0M	10x	as long as short
Bullet SPCX-USDshort	+0.0154%	1h	152.34	−0.035%	$11K	$192K	10x
OKX SPCX-USDT-SWAP	+0.0155%	8h	152.36	−0.020%	$39.7M	$166.8M	75x	as long as short
Nado SPCX-PERP	+0.0180%	1h	152.23	−0.104%	$627K	$803K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	−0.033%	$728K	$930K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0276%	1h	152.30	−0.059%	$89K	$1.4M	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.35	−0.026%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0407%	8h	152.46	+0.046%	$18.9M	$29.0M	20x	as long as short
edgeX SPCXUSDC	+0.0436%	4h	152.34	−0.034%	$1.7M	$891K	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.55	+0.105%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.38	−0.010%	$381K	$507K	20x	as long as short