Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0009%/8h= +0.9% APRpaid last 24h +0.005%

Price spread now: OKX against Polymarket Perps+0.033%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 7 days+0.083%+$8 · spread now +0.033%, 7d avg +0.067%

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.035% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SPCX-USD	152.32	0.0146	pay 0.0018% / 1h	3m 28s	$487K	$1.2M	10x
Short	OKX SPCX-USDT-SWAP	152.37	0.0154	get 0.0154% / 8h	1h 03m	$39.5M	$166.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $1.79
Price spread: +0.033% → +0.067%: −$3.46
Slippage, 4 orders: −$3.78
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.46
Costs to cover: 0.218%
Break-even: 98.9 days

Slippage from Polymarket Perps: live order book, 5 min ago; OKX: 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	1.31 bp	5.3 bp −$5	6.1 bp −$61	8.7 bp −$866	doesn't fit
Sell OKX live order book, 6 min ago	0.33 bp	5.8 bp −$6	7.0 bp −$70	17.5 bp −$1,751	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 −0.0234% / S +0.0471%	1h	152.26	−0.036%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.33	+0.007%	$96.2M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.38	+0.039%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.268%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.36	+0.026%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.61	+0.190%	$8K	$895K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.45	+0.085%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0015%	8h	152.35	+0.020%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0025%	8h	152.43	+0.072%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.30	−0.015%	$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	152.26	−0.039%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.33	+0.007%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.28	−0.026%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.28	−0.026%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.31	−0.007%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.36	+0.026%	$530K	$376K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.16	−0.105%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.38	+0.039%	$392K	$507K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.25	−0.046%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.22	−0.066%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.40	+0.053%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.38	+0.039%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.34	+0.016%	$88	—	10x	as long as short
edgeX SPCXUSDC	+0.0116%	4h	152.36	+0.024%	$1.7M	$892K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0123%	1h	152.27	−0.033%	$130.0M	$129.0M	20x	as long as short
Variational Omni SPCX	+0.0131%	8h	152.38	+0.038%	$5.9M	$2.8M	—	as long as short
Paradex SPCX-USD-PERP	+0.0133%	8h	152.34	+0.013%	$101	—	5x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.32	−0.002%	$724K	$3.6M	10x	as long as short
Polymarket Perps SPCX-USDlong	+0.0146%	1h	152.32	long leg	$487K	$1.2M	10x
Binance SPCXUSDT	+0.0147%	8h	152.35	+0.020%	$251.9M	$1.36B	75x	as long as short
Lighter SPCX	+0.0152%	1h	152.28	−0.026%	$1.6M	$7.4M	20x	as long as short
OKX SPCX-USDT-SWAPshort	+0.0154%	8h	152.37	+0.033%	$39.5M	$166.5M	75x
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.28	−0.026%	$732K	$923K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.38	+0.039%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0266%	1h	152.20	−0.077%	$626K	$805K	20x	as long as short
Bullet SPCX-USD	+0.0303%	1h	152.36	+0.024%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0408%	8h	152.46	+0.091%	$18.9M	$29.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.77	+0.295%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0604%	1h	152.32	0.000%	$90K	$1.3M	10x	as long as short