Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h −0.048%

Price spread now: OKX against RISEx−0.027%56s7-day average −0.045% · you buy dearer than you sell

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−$200.201% of the position

Long on RISEx Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.027%, 7d avg −0.045%

Together, before fees−0.106%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.092%, so the current rate has only just turned in your favour. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SPCX/USDC	152.51	0.0072	pay 0.0009% / 1h	40m 41s	$408K	$498K	20x
Short	OKX SPCX-USDT-SWAP	152.47	0.0116	get 0.0116% / 8h	1h 40m	$39.6M	$166.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $9.04
Price spread: −0.027% → −0.045%: $1.76
Slippage, 4 orders: −$4.07
Fee RISEx: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$9.27
Costs to cover: 0.201%
Break-even: 14.2 days

Slippage from RISEx: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago	1.64 bp	4.6 bp −$5	5.6 bp −$56	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.33 bp	5.5 bp −$5	7.2 bp −$72	14.0 bp −$1,400	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 −0.0187% / S +0.0435%	1h	152.40	−0.076%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0018%	8h	152.45	−0.040%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.44	−0.047%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.41	−0.067%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.46	−0.034%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.119%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.55	+0.025%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.73	+0.143%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.57	+0.038%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.45	−0.042%	$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	152.38	−0.086%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.44	−0.047%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.45	−0.040%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.42	−0.060%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.42	−0.060%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.46	−0.034%	$531K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.39	−0.080%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDClong	+0.0072%	1h	152.51	long leg	$408K	$498K	20x
Polymarket Perps SPCX-USD	+0.0074%	1h	152.45	−0.040%	$487K	$1.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0077%	8h	152.47	−0.028%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0081%	1h	152.35	−0.106%	$130.0M	$129.1M	20x	as long as short
Variational Omni SPCX	+0.0085%	8h	152.43	−0.055%	$6.0M	$2.8M	—	as long as short
Lighter SPCX	+0.0088%	1h	152.39	−0.080%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.36	−0.099%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.33	−0.119%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.040%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.47	−0.027%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0103%	8h	152.45	−0.038%	$250.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.40	−0.071%	$733K	$4.2M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.44	−0.046%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAPshort	+0.0116%	8h	152.47	−0.027%	$39.6M	$166.7M	75x
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.071%	$726K	$932K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.48	−0.021%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0226%	1h	152.40	−0.071%	$627K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0256%	1h	152.48	−0.023%	$11K	$192K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0341%	1h	152.40	−0.073%	$89K	$1.3M	10x	as long as short
Aster SPCXUSD1	+0.0365%	8h	152.55	+0.027%	$18.8M	$26.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.196%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0976%	4h	152.55	+0.024%	$1.7M	$893K	20x	as long as short