Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h −0.002%

Price spread now: Aster against RISEx+0.054%55s7-day average −0.025% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$190.194% of the position

Long on RISEx Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.049%−$5 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.054%, 7d avg −0.025%

Together, before fees−0.175%+ Points / potential airdropAster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Aster is 0.080% dearer against RISEx than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.025%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.049% in total (about -4.7% a year). A funding rate is set anew for every payment. 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	RISEx SPCX/USDC	152.28	0.0190	pay 0.0024% / 1h	38m 48s	$381K	$506K	20x
Short	Aster SPCXUSD1	152.37	0.0382	get 0.0382% / 8h	7h 38m	$18.9M	$30.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against RISEx. 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 RISExbpFee AsterbpOrdersPrice spread, now +0.054%Rate

Funding earned: $40.22
Price spread: +0.054% → −0.025%: $7.98
Slippage, 4 orders: −$5.43
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $28.76
Costs to cover: 0.194%
Break-even: 2.0 days

Slippage from RISEx: live order book, 59 min ago; Aster: live order book, 5 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 RISEx live order book, 59 min ago	0.98 bp	4.0 bp −$4	5.0 bp −$50	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	0.98 bp	5.9 bp −$6	10.1 bp −$101	doesn't fit	doesn't fit

SPCX on 38 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	152.18	−0.072%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0014%	8h	152.27	−0.010%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.23	−0.036%	$30.4M	$43.0M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.20	−0.056%	$96.2M	$32.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.22	−0.042%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.28	−0.003%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.50	+0.141%	$8K	$857K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.22	−0.042%	$86K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.29	+0.004%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.18	−0.070%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.17	−0.075%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.15	−0.088%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.22	−0.042%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.17	−0.075%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.23	−0.036%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.14	−0.095%	$129.8M	$129.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.12	−0.108%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.20	−0.056%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.20	−0.056%	$529K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.11	−0.115%	$3.2M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	152.22	−0.045%	$100	—	5x	as long as short
Bullet SPCX-USD	+0.0069%	1h	152.27	−0.007%	$11K	$192K	10x	as long as short
Nado SPCX-PERP	+0.0077%	1h	152.16	−0.085%	$635K	$813K	20x	as long as short
Variational Omni SPCX	+0.0087%	8h	152.24	−0.029%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.14	−0.095%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.16	−0.082%	$12.9M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.17	−0.075%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.29	+0.004%	$14K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.19	−0.061%	$725K	$5.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.23	−0.036%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0106%	8h	152.24	−0.027%	$253.2M	$1.37B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0119%	8h	152.27	−0.010%	$39.4M	$167.4M	75x	as long as short
RISEx SPCX/USDClong	+0.0190%	1h	152.28	long leg	$381K	$506K	20x
Phoenix SPCX	+0.0210%	1h	152.24	−0.029%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.13	−0.101%	$693K	$992K	10x	as long as short
Aster SPCXUSD1short	+0.0382%	8h	152.37	+0.054%	$18.9M	$30.7M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	152.57	+0.187%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0644%	4h	152.23	−0.033%	$1.7M	$889K	20x	as long as short