SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0413%/8h= +45.2% APRnext payment +$0.52 per $10,000 · paid last 24h +0.045%

Price spread now: Deribit against Polymarket Perps−0.020%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.055%+$5 on $10k

Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.020%, 7d avg +0.029%

Together, before fees+0.130%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.048% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.029%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$12 a day). At the pace of the last 5 days (+0.055% in total) that is about 4.3 days.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.055% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SPCX-USD	152.38	0.0126	pay 0.0016% / 1h	31m 39s	$487K	$1.2M	10x
Short	Deribit SPCX_USDC-PERPETUAL	152.35	0.0538	get 0.0067% / 1h	31m 39s	$89K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.020%Rate

Funding earned: $86.65
Price spread: −0.020% → +0.029%: −$4.82
Slippage, 4 orders: −$12.37
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $54.46
Costs to cover: 0.274%
Break-even: 2.6 days

Slippage from Polymarket Perps: live order book, 1 min ago; Deribit: 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 Polymarket Perps live order book, 1 min ago	0.98 bp	5.0 bp −$5	5.4 bp −$54	7.4 bp −$737	doesn't fit
Sell Deribit live order book, 2 min ago	3.94 bp	8.0 bp −$8	10.6 bp −$106	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 −0.0187% / S +0.0435%	1h	152.31	−0.049%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0008%	8h	152.41	+0.020%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.43	+0.033%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.36	−0.013%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.42	+0.026%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.219%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	0.000%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.67	+0.190%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.47	+0.059%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.34	−0.025%	$7K	$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 RH SPCX	+0.0032%	1h	152.32	−0.039%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.40	+0.013%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.33	−0.033%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	−0.033%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	−0.007%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.37	−0.007%	$531K	$380K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.25	−0.085%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.46	+0.049%	$399K	$502K	20x	as long as short
Variational Omni SPCX	+0.0090%	8h	152.38	−0.001%	$5.9M	$2.8M	—	as long as short
Paradex SPCX-USD-PERP	+0.0100%	8h	152.42	+0.024%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.34	−0.026%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.28	−0.066%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	−0.007%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.40	+0.013%	$14K	$7K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0102%	1h	152.31	−0.046%	$129.9M	$129.1M	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.38	+0.002%	$88	—	10x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.40	+0.015%	$733K	$3.7M	10x	as long as short
Binance SPCXUSDT	+0.0115%	8h	152.42	+0.026%	$251.5M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0123%	8h	152.43	+0.033%	$39.5M	$166.7M	75x	as long as short
Polymarket Perps SPCX-USDlong	+0.0126%	1h	152.38	long leg	$487K	$1.2M	10x
Lighter SPCX	+0.0128%	1h	152.34	−0.026%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.013%	$732K	$938K	10x	as long as short
edgeX SPCXUSDC	+0.0209%	4h	152.39	+0.009%	$1.7M	$892K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.38	0.000%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0251%	1h	152.24	−0.095%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0283%	1h	152.40	+0.015%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0378%	8h	152.55	+0.113%	$18.9M	$27.9M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.282%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUALshort	+0.0538%	1h	152.35	−0.020%	$89K	$1.3M	10x