Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.003%

Price spread now: Bullet against KuCoin+0.072%46s7-day average +0.060% · 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—prices read too far apart to compare

costs, in and out, $10k−$400.399% of the position

Long on KuCoin Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.051%+$5 on $10k

Price spread, last 4 days (all we have)+0.251%+$25 · spread now +0.072%, 7d avg +0.060%

Together, before fees+0.302%+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 46 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	KuCoin SPCXUSDTM	152.91	0.0100	pay 0.0100% / 8h	5h 29m	$13.0M	$5.4M	20x
Short	Bullet SPCX-USD	153.02	0.0152	get 0.0019% / 1h	29m 37s	$11K	$190K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against KuCoin. 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 KuCoinbpFee BulletbpOrdersPrice spread, now +0.072%Rate

Funding earned: $10.95
Price spread: +0.072% → +0.060%: $1.16
Slippage, 4 orders: −$19.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$27.8
Costs to cover: 0.399%
Break-even: 24.8 days

Slippage from KuCoin: live order book, 9 min ago; Bullet: live order book, 34 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 KuCoin live order book, 9 min ago	0.98 bp	12.1 bp −$12	40.2 bp −$402	doesn't fit	doesn't fit
Sell Bullet live order book, 34 min ago	0.65 bp	5.7 bp −$6	19.9 bp −$199	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 −0.0333% / S +0.0531%	1h	152.97	+0.043%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.99	+0.052%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.04	+0.085%	$31.7M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.828%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	0.000%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.22	+0.203%	$8K	$939K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.04	+0.085%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.97	+0.039%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.97	+0.039%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.94	+0.020%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SPCXUSDT	+0.0033%	8h	153.01	+0.065%	$30.8M	$42.9M	100x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.94	+0.020%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	+0.039%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.00	+0.059%	$1.2M	$6.5M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	+0.039%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	+0.052%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.99	+0.052%	$534K	$401K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.88	−0.020%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0067%	8h	153.03	+0.078%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0074%	8h	153.03	+0.080%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	0.000%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	152.91	long leg	$13.0M	$5.4M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	+0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	+0.078%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.01	+0.066%	$89	—	10x	as long as short
Bullet SPCX-USDshort	+0.0152%	1h	153.02	+0.072%	$11K	$190K	10x
Variational Omni SPCX	+0.0172%	8h	152.99	+0.055%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0178%	8h	153.02	+0.072%	$39.5M	$167.6M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.99	+0.050%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0187%	8h	153.02	+0.075%	$252.4M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0189%	1h	152.98	+0.046%	$142.1M	$119.4M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.05	+0.088%	$408K	$549K	20x	as long as short
Nado SPCX-PERP	+0.0205%	1h	152.90	−0.004%	$622K	$831K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.95	+0.026%	$73K	$1.2M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	+0.065%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.00	+0.059%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.10	+0.125%	$19.0M	$17.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.242%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0946%	4h	153.02	+0.069%	$1.7M	$893K	20x	as long as short