Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Polymarket Perps−0.020%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on Polymarket Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.020%, 7d avg −0.027%

Together, before fees−0.142%−$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SPCX-USD	152.98	0.0050	pay 0.0006% / 1h	47m 10s	$489K	$1.1M	10x
Short	Phemex SPCXUSDT	152.95	0.0050	get 0.0050% / 8h	6h 47m	$534K	$405K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.027%: $0.73
Slippage, 4 orders: −$21.05
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$40.32
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; Phemex: live order book, 20 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	1.63 bp	5.6 bp −$6	6.1 bp −$61	7.4 bp −$744	doesn't fit
Sell Phemex live order book, 20 min ago	1.96 bp	20.4 bp −$20	doesn't fit	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 −0.0340% / S +0.0536%	1h	152.96	−0.016%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.99	+0.007%	$96.3M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.775%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.026%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.28	+0.196%	$8K	$949K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.94	−0.026%	$72K	$1.1M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.06	+0.052%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.90	−0.052%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.92	−0.039%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.222%	$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
Lighter SPCX	+0.0040%	1h	152.95	−0.020%	$1.6M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.94	−0.026%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.04	+0.039%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.02	+0.026%	$1.2M	$7.0M	10x	as long as short
Polymarket Perps SPCX-USDlong	+0.0050%	1h	152.98	long leg	$489K	$1.1M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.96	−0.013%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDTshort	+0.0050%	8h	152.95	−0.020%	$534K	$405K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.092%	$3.2M	$2.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0086%	8h	153.02	+0.024%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.93	−0.033%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.90	−0.052%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.94	−0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	+0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.01	+0.017%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0106%	8h	153.02	+0.026%	$30.9M	$42.9M	100x	as long as short
BloFin SPCX-USDT	+0.0116%	8h	153.03	+0.033%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0168%	1h	153.00	+0.013%	$11K	$189K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0184%	1h	152.96	−0.013%	$142.4M	$119.7M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0205%	8h	153.01	+0.020%	$39.3M	$168.9M	75x	as long as short
Variational Omni SPCX	+0.0220%	8h	152.98	+0.001%	$6.0M	$3.5M	—	as long as short
Bitget SPCXUSDT	+0.0225%	8h	153.08	+0.065%	$31.8M	$66.6M	75x	as long as short
Extended SPCX-USD	+0.0232%	1h	152.94	−0.024%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0233%	8h	152.98	+0.002%	$252.8M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0277%	1h	152.96	−0.013%	$620K	$844K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.105%	$728K	$986K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.02	+0.026%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0394%	8h	153.12	+0.092%	$19.0M	$17.9M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.06	+0.052%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0426%	4h	153.00	+0.016%	$1.7M	$894K	20x	as long as short