Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Polymarket Perps against KuCoin+0.013%7-day average −0.018% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 7 days−0.028%−$3 · spread now +0.013%, 7d avg −0.018%

Together, before fees+0.075%+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.032% dearer against KuCoin than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.018%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.103%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPCXUSDTM	153.01	0.0100	pay 0.0100% / 8h	4h 15m	$13.0M	$5.4M	20x
Short	Polymarket Perps SPCX-USD	153.03	0.0050	get 0.0006% / 1h	15m 59s	$499K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$10.5
Price spread: +0.013% → −0.018%: $3.16
Slippage, 4 orders: −$16.99
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$44.34
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Polymarket Perps: live order book, 2 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, 3 min ago	0.98 bp	11.6 bp −$12	36.3 bp −$363	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	1.31 bp	5.3 bp −$5	5.5 bp −$55	9.2 bp −$922	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 −0.0253% / S +0.0486%	1h	153.04	+0.023%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.12	+0.072%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.07	+0.039%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.12	+0.072%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.756%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.00	−0.007%	$302K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.35	+0.222%	$8K	$939K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.13	+0.078%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	153.04	+0.018%	$8K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0026%	8h	153.09	+0.052%	$1.9M	$1.4M	75x	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	153.04	+0.020%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.01	0.000%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	0.000%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.08	+0.046%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.05	+0.026%	$1.2M	$6.0M	10x	as long as short
Polymarket Perps SPCX-USDshort	+0.0050%	1h	153.03	+0.013%	$499K	$1.2M	10x
SoDEX SPCX-USD	+0.0050%	1h	153.09	+0.052%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.10	+0.059%	$533K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−0.065%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0060%	8h	153.11	+0.064%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	153.00	−0.007%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	153.01	long leg	$13.0M	$5.4M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	+0.072%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	+0.059%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.09	+0.050%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0107%	1h	153.05	+0.026%	$141.4M	$119.0M	20x	as long as short
Bullet SPCX-USD	+0.0111%	1h	153.09	+0.053%	$11K	$191K	10x	as long as short
Variational Omni SPCX	+0.0130%	8h	153.08	+0.045%	$6.0M	$3.0M	—	as long as short
Nado SPCX-PERP	+0.0132%	1h	153.00	−0.006%	$617K	$821K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	153.05	+0.026%	$78K	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0144%	1h	153.06	+0.032%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0145%	8h	153.10	+0.059%	$251.1M	$1.37B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0146%	8h	153.12	+0.072%	$39.5M	$166.8M	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.13	+0.075%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.10	+0.059%	$738K	$926K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.09	+0.052%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0407%	8h	153.18	+0.110%	$18.9M	$21.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.50	+0.320%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0903%	4h	153.08	+0.043%	$1.7M	$893K	20x	as long as short