Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Gate against Polymarket Perps0.000%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 7 days+0.086%+$9 · spread now 0.000%, 7d avg +0.040%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.040% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SPCX-USD	152.63	0.0050	pay 0.0006% / 1h	33m 19s	$489K	$1.1M	10x
Short	Gate SPCX_USDT	152.63	0	get 0.0000% / 8h	1h 33m	$96.5M	$30.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$10.5
Price spread: 0.000% → +0.040%: −$4.02
Slippage, 4 orders: −$12.19
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$49.71
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Gate: live order book, 6 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	6.4 bp −$6	6.9 bp −$69	7.9 bp −$791	doesn't fit
Sell Gate live order book, 6 min ago	0.33 bp	10.1 bp −$10	15.0 bp −$150	31.2 bp −$3,119	51.7 bp −$25.8K

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	152.63	+0.003%	$88K	—	20x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.63	0.000%	$96.5M	$30.9M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+13.024%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.67	+0.026%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.83	+0.131%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.65	+0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	152.59	−0.026%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.58	−0.033%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.58	−0.033%	$2.4M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.027%	$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
Vest SPCX-USD-PERP	+0.0046%	1h	152.63	0.000%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USDlong	+0.0050%	1h	152.63	long leg	$489K	$1.1M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.64	+0.007%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.65	+0.013%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.51	−0.079%	$3.2M	$2.6M	10x	as long as short
Bullet SPCX-USD	+0.0058%	1h	152.65	+0.013%	$11K	$189K	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.61	−0.013%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0071%	8h	152.63	+0.001%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0080%	8h	152.65	+0.013%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.57	−0.039%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.53	−0.066%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.67	+0.026%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.64	+0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.65	+0.016%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0109%	1h	152.62	−0.007%	$129.9M	$107.4M	20x	as long as short
Bybit SPCXUSDT	+0.0137%	8h	152.68	+0.033%	$30.8M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0179%	8h	152.66	+0.020%	$38.9M	$168.4M	75x	as long as short
Variational Omni SPCX	+0.0184%	8h	152.63	−0.002%	$6.0M	$3.9M	—	as long as short
Binance SPCXUSDT	+0.0200%	8h	152.66	+0.019%	$255.8M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.63	+0.002%	$715K	$3.6M	10x	as long as short
Nado SPCX-PERP	+0.0211%	1h	152.55	−0.050%	$625K	$871K	20x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.59	−0.026%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0245%	8h	152.71	+0.054%	$19.0M	$21.8M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	+0.052%	$741K	$947K	10x	as long as short
edgeX SPCXUSDC	+0.0286%	4h	152.64	+0.008%	$1.7M	$893K	20x	as long as short
Phoenix SPCX	+0.0314%	1h	152.65	+0.013%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0316%	8h	152.68	+0.033%	$31.0M	$66.5M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0406%	1h	152.65	+0.013%	$70K	$1.0M	10x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.70	+0.046%	$402K	$541K	20x	as long as short