Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0409%/8h= −44.8% APRpaid last 24h −0.050%

Price spread now: SunX against RISEx+0.136%7-day average +0.003% · 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−$54as in the Price arb table

costs, in and out, $10k−$670.675% of the position

Long on RISEx Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 3 days (all we have)−0.099%−$10 · spread now +0.136%, 7d avg +0.003%

Together, before fees−0.187%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.132% dearer against RISEx than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of +0.003%): +$13 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 3 days (−0.087% in total) that is about 5.2 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.087% in total (about -9.3% 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	153.10	0.0409	pay 0.0051% / 1h	51m 09s	$401K	$535K	20x
Short	SunX SPCX-USDT	153.31	0	get 0.0000% / 8h	7h 51m	$8K	$965K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.136%Rate

Funding earned: −$85.84
Price spread: +0.136% → +0.003%: $13.22
Slippage, 4 orders: −$53.47
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$140.09
Costs to cover: 0.675%
Break-even: never at this rate

Slippage from RISEx: live order book, 22 min ago; SunX: live order book, 71 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, 22 min ago	0.98 bp	4.0 bp −$4	4.6 bp −$46	doesn't fit	doesn't fit
Sell SunX live order book, 71 min ago	13.73 bp	25.8 bp −$26	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 −0.0295% / S +0.0504%	1h	153.03	−0.044%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.05	−0.034%	$96.6M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.683%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.97	−0.086%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	153.31	+0.136%	$8K	$965K	10x
HTX SPCX-USDT	0.0000%	8h	153.05	−0.034%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.93	−0.110%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.01	−0.060%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.709%	$9K	$27K	5.5x	as long as short
Lighter SPCX	+0.0040%	1h	153.03	−0.047%	$1.6M	$7.4M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	153.09	−0.008%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	−0.034%	$1.7M	$81K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	−0.067%	$534K	$415K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.119%	$3.2M	$2.7M	10x	as long as short
Bybit SPCXUSDT	+0.0060%	8h	153.09	−0.008%	$30.8M	$42.7M	100x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.03	−0.047%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0090%	8h	153.09	−0.008%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.98	−0.080%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.94	−0.106%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.060%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.08	−0.015%	$15K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0102%	8h	153.07	−0.020%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.03	−0.046%	$89	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0161%	1h	153.04	−0.041%	$490K	$1.1M	10x	as long as short
Nado SPCX-PERP	+0.0162%	1h	152.99	−0.072%	$602K	$871K	20x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.00	−0.067%	$105K	$297K	5x	as long as short
Variational Omni SPCX	+0.0194%	8h	153.06	−0.027%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0201%	8h	153.08	−0.015%	$39.1M	$169.2M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	153.05	−0.034%	$71K	$1.0M	10x	as long as short
Extended SPCX-USD	+0.0208%	1h	153.04	−0.039%	$732K	$3.7M	10x	as long as short
Binance SPCXUSDT	+0.0210%	8h	153.08	−0.015%	$252.8M	$1.38B	75x	as long as short
Phoenix SPCX	+0.0314%	1h	153.05	−0.034%	$445K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0323%	8h	153.04	−0.041%	$19.0M	$21.2M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.025%	$734K	$971K	10x	as long as short
Bitget SPCXUSDT	+0.0335%	8h	153.11	+0.005%	$31.3M	$66.6M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0341%	1h	153.04	−0.041%	$143.4M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0368%	1h	153.08	−0.014%	$11K	$187K	10x	as long as short
RISEx SPCX/USDClong	+0.0409%	1h	153.10	long leg	$401K	$535K	20x
edgeX SPCXUSDC	+0.0475%	4h	153.08	−0.017%	$1.7M	$893K	20x	as long as short