Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0154%/8h= +16.8% APRpaid last 24h −0.015%

Price spread now: Binance against Polymarket Perps+0.026%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.245% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 2 days (all we have)+0.044%+$4 · spread now +0.026%, 7d avg +0.038%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SPCX-USD	152.92	0.0050	pay 0.0006% / 1h	48m 00s	$490K	$1.1M	10x
Short	Binance SPCXUSDT	152.96	0.0204	get 0.0204% / 8h	48m 00s	$253.9M	$1.38B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Polymarket Perps. 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 Polymarket PerpsbpFee BinancebpOrdersPrice spread, now +0.026%Rate

Funding earned: $32.28
Price spread: +0.026% → +0.038%: −$1.2
Slippage, 4 orders: −$6.49
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $6.59
Costs to cover: 0.245%
Break-even: 5.6 days

Slippage from Polymarket Perps: live order book, 5 min ago; Binance: live order book, 11 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 Polymarket Perps live order book, 5 min ago	2.29 bp	7.5 bp −$8	7.6 bp −$76	8.7 bp −$872	doesn't fit
Sell Binance live order book, 11 min ago	0.33 bp	5.3 bp −$5	5.9 bp −$59	11.0 bp −$1,097	22.1 bp −$11.0K

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 −0.0272% / S +0.0488%	1h	152.94	+0.016%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.95	+0.020%	$96.6M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.814%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.90	−0.013%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.15	+0.150%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.97	+0.033%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.96	+0.023%	$8K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.90	−0.013%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.89	−0.020%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.832%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.89	−0.020%	$106K	$296K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.93	+0.007%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USDlong	+0.0050%	1h	152.92	long leg	$490K	$1.1M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.96	+0.026%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.97	+0.033%	$538K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.86	−0.039%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.90	−0.013%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0081%	8h	152.95	+0.017%	$101	—	5x	as long as short
Bullet SPCX-USD	+0.0083%	1h	152.96	+0.023%	$11K	$188K	10x	as long as short
BloFin SPCX-USDT	+0.0085%	8h	153.09	+0.111%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.86	−0.039%	$173K	$132K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.86	−0.039%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	+0.007%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.94	+0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.97	+0.035%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0144%	8h	152.96	+0.026%	$30.7M	$42.7M	100x	as long as short
Variational Omni SPCX	+0.0188%	8h	153.00	+0.050%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0193%	8h	152.97	+0.033%	$39.0M	$169.5M	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.93	+0.008%	$734K	$3.6M	10x	as long as short
Binance SPCXUSDTshort	+0.0204%	8h	152.96	+0.026%	$253.9M	$1.38B	75x
Nado SPCX-PERP	+0.0260%	1h	152.85	−0.044%	$603K	$883K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	153.01	+0.059%	$446K	$269K	15x	as long as short
tradeXYZ xyz:SPCX	+0.0271%	1h	152.95	+0.020%	$143.6M	$118.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.033%	$733K	$970K	10x	as long as short
Aster SPCXUSD1	+0.0281%	8h	153.04	+0.078%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0310%	8h	152.98	+0.039%	$31.2M	$67.2M	75x	as long as short
edgeX SPCXUSDC	+0.0319%	4h	153.00	+0.052%	$1.7M	$893K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0339%	1h	152.93	+0.007%	$71K	$1.0M	10x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	153.00	+0.052%	$403K	$538K	20x	as long as short