Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.035%

Price spread now: Bitget against RISEx+0.004%7-day average −0.032% · 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−$19as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.085%−$8 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.004%, 7d avg −0.032%

Together, before fees−0.107%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.036% dearer against RISEx than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.032%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SPCX/USDC	152.32	0.0104	pay 0.0013% / 1h	8m 22s	$350K	$480K	20x
Short	Bitget SPCXUSDT	152.33	0	get 0.0000% / 8h	4h 08m	$31.2M	$65.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$21.82
Price spread: +0.004% → −0.032%: $3.62
Slippage, 4 orders: −$4.63
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$40.83
Costs to cover: 0.226%
Break-even: never at this rate

Slippage from RISEx: live order book, 33 min ago; Bitget: live order book, 4 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, 33 min ago	1.31 bp	4.3 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.33 bp	6.9 bp −$7	9.1 bp −$91	19.1 bp −$1,907	27.4 bp −$13.7K

SPCX on 38 exchanges

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	152.21	−0.078%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0077%	8h	152.32	−0.002%	$2.0M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.31	−0.009%	$30.0M	$42.1M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.27	−0.035%	$96.1M	$31.4M	100x	as long as short
Bitget SPCXUSDTshort	0.0000%	8h	152.33	+0.004%	$31.2M	$65.5M	75x
StandX SPCX-USD	0.0000%	1h	152.33	+0.004%	$305K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.58	+0.169%	$8K	$785K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.22	−0.068%	$41K	$1.3M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.36	+0.024%	$1.3M	$1.7M	75x	as long as short
Variational Omni SPCX	+0.0005%	8h	152.33	+0.006%	$5.9M	$2.9M	—	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0025%	1h	152.22	−0.066%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0029%	1h	152.26	−0.041%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.24	−0.055%	$1.5M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.22	−0.068%	$2.5M	$7.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.51	+0.123%	$9K	$28K	5.5x	as long as short
Extended SPCX-USD	+0.0040%	1h	152.26	−0.041%	$702K	$5.2M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.24	−0.055%	$102K	$293K	5x	as long as short
Binance SPCXUSDT	+0.0043%	8h	152.32	−0.002%	$252.5M	$1.36B	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.27	−0.035%	—	$1.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.20	−0.081%	$127.9M	$125.4M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.25	−0.048%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.27	−0.035%	$531K	$382K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.20	−0.081%	$3.1M	$2.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0052%	8h	152.29	−0.023%	$101	—	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0087%	8h	152.31	−0.009%	$39.7M	$166.6M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0091%	1h	152.26	−0.041%	$482K	$1.0M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.19	−0.087%	$165K	$116K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.23	−0.061%	$13.0M	$6.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.39	+0.044%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.28	−0.028%	$14K	$7K	10x	as long as short
RISEx SPCX/USDClong	+0.0104%	1h	152.32	long leg	$350K	$480K	20x
Aevo SPCX-PERP	+0.0104%	1h	152.24	−0.053%	$88	—	10x	as long as short
Nado SPCX-PERP	+0.0176%	1h	152.24	−0.052%	$629K	$803K	20x	as long as short
edgeX SPCXUSDC	+0.0190%	4h	152.30	−0.013%	$1.7M	$889K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.22	−0.068%	$736K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.33	+0.004%	$447K	$272K	15x	as long as short
Bullet SPCX-USD	+0.0213%	1h	152.30	−0.014%	$11K	$189K	10x	as long as short
Aster SPCXUSD1	+0.0326%	8h	152.34	+0.013%	$19.0M	$30.8M	20x	as long as short