Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.041%

Price spread now: RISEx against Orderly−0.023%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. RISEx is 0.023% cheaper against Orderly than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 20 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SPCX_USDC_mythos	152.29	0.0100	pay 0.0100% / 8h	7h 41m	$14K	$7K	10x
Short	RISEx SPCX/USDC	152.25	0.0190	get 0.0024% / 1h	41m 15s	$381K	$506K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Orderly. 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 OrderlybpFee RISExbpOrdersPrice spread, now −0.023%Rate

Funding earned: $18.95
Price spread: −0.023% → 0.000%: −$2.3
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: $4.65
Costs to cover: 0.120%
Break-even: 5.3 days

Slippage unknown: Orderly: no order-book sample; RISEx: live order book, 57 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell RISEx live order book, 57 min ago	0.98 bp	4.0 bp −$4	4.9 bp −$49	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SPCX on 38 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 −0.0187% / S +0.0435%	1h	152.21	−0.056%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0012%	8h	152.28	−0.007%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.24	−0.033%	$30.4M	$43.0M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.22	−0.046%	$96.1M	$32.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.27	−0.013%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.32	+0.020%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.50	+0.138%	$8K	$858K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.21	−0.053%	$87K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.28	−0.007%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.19	−0.067%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.20	−0.059%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.18	−0.072%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.19	−0.066%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.21	−0.053%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.23	−0.039%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.15	−0.092%	$129.8M	$129.8M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.15	−0.092%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.22	−0.046%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.20	−0.059%	$529K	$364K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.14	−0.098%	$3.2M	$2.2M	10x	as long as short
Bullet SPCX-USD	+0.0060%	1h	152.26	−0.017%	$10K	$192K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	152.22	−0.048%	$100	—	5x	as long as short
Nado SPCX-PERP	+0.0079%	1h	152.18	−0.070%	$635K	$814K	20x	as long as short
Variational Omni SPCX	+0.0090%	8h	152.25	−0.026%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.14	−0.098%	$168K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.17	−0.079%	$13.0M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.23	−0.039%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythoslong	+0.0100%	8h	152.29	long leg	$14K	$7K	10x
Extended SPCX-USD	+0.0104%	1h	152.21	−0.052%	$725K	$5.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.23	−0.037%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0108%	8h	152.25	−0.026%	$253.3M	$1.37B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0120%	8h	152.27	−0.013%	$39.4M	$167.4M	75x	as long as short
RISEx SPCX/USDCshort	+0.0190%	1h	152.25	−0.023%	$381K	$506K	20x
Phoenix SPCX	+0.0210%	1h	152.24	−0.033%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.13	−0.105%	$693K	$992K	10x	as long as short
Aster SPCXUSD1	+0.0383%	8h	152.38	+0.059%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.57	+0.184%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0531%	4h	152.26	−0.020%	$1.7M	$891K	20x	as long as short