Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0036%/8h= +4.0% APRpaid last 24h +0.040%

Price spread now: RISEx against OKX+0.010%7-day average +0.046% · 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−$23as in the Price arb table

costs, in and out, $10k−$190.192% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.084%+$8 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.010%, 7d avg +0.046%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.036% cheaper against OKX than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.046%). If the spread goes back, that is −$4 on $10k: about 3.4 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.084% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPCX-USDT-SWAP	153.12	0.0155	pay 0.0155% / 8h	4h 40m	$39.5M	$166.9M	75x
Short	RISEx SPCX/USDC	153.13	0.0191	get 0.0024% / 1h	40m 03s	$410K	$530K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against OKX. 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 OKXbpFee RISExbpOrdersPrice spread, now +0.010%Rate

Funding earned: $7.58
Price spread: +0.010% → +0.046%: −$3.65
Slippage, 4 orders: −$3.17
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$15.24
Costs to cover: 0.192%
Break-even: 21.1 days

Slippage from OKX: live order book, 4 min ago; RISEx: live order book, 18 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 OKX live order book, 4 min ago	0.33 bp	5.9 bp −$6	7.5 bp −$75	13.9 bp −$1,391	doesn't fit
Sell RISEx live order book, 18 min ago	0.98 bp	4.0 bp −$4	4.6 bp −$46	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 −0.0314% / S +0.0531%	1h	153.06	−0.042%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.09	−0.020%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.08	−0.026%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.13	+0.007%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.672%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.03	−0.059%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.31	+0.124%	$8K	$936K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	153.04	−0.052%	$73K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.14	+0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.02	−0.064%	$8K	$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	153.07	−0.033%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.01	−0.072%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.02	−0.065%	$105K	$297K	5x	as long as short
BloFin SPCX-USDT	+0.0042%	8h	153.10	−0.013%	$1.9M	$1.4M	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.12	0.000%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.05	−0.046%	$1.2M	$6.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.06	−0.039%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	−0.033%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.11	−0.007%	$533K	$395K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.131%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0064%	8h	153.11	−0.004%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0071%	1h	153.05	−0.046%	$141.5M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0084%	1h	153.11	−0.009%	$11K	$192K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	153.00	−0.078%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.00	−0.078%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.072%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	−0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.09	−0.018%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0133%	1h	153.04	−0.054%	$617K	$824K	20x	as long as short
Variational Omni SPCX	+0.0149%	8h	153.08	−0.028%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAPlong	+0.0155%	8h	153.12	long leg	$39.5M	$166.9M	75x
Extended SPCX-USD	+0.0160%	1h	153.06	−0.039%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0161%	8h	153.09	−0.017%	$252.2M	$1.37B	75x	as long as short
RISEx SPCX/USDCshort	+0.0191%	1h	153.13	+0.010%	$410K	$530K	20x
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.052%	$738K	$925K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.10	−0.013%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0409%	8h	153.16	+0.023%	$19.0M	$19.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	+0.150%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0913%	4h	153.08	−0.025%	$1.7M	$891K	20x	as long as short