Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0040%/8h= +4.3% APRpaid last 24h +0.039%

Price spread now: Bullet against SunX−0.170%7-day average −0.059% · 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−$82as in the Price arb table

costs, in and out, $10k−$710.710% of the position

Long on SunX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.120%+$12 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.170%, 7d avg −0.059%

Together, before fees+0.211%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bullet is 0.111% cheaper against SunX than usual: you would sell low and buy high (spread −0.170% now, against its 7-day average of −0.059%). If the spread goes back, that is −$11 on $10k: about 9.3 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.120% in total) that is about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPCX-USDT	152.52	0	get 0.0000% / 8h	7h 48m	$8K	$862K	10x
Short	Bullet SPCX-USD	152.26	0.0040	get 0.0005% / 1h	48m 18s	$11K	$191K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against SunX. 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 SunXbpFee BulletbpOrdersPrice spread, now −0.170%Rate

Funding earned: $8.32
Price spread: −0.170% → −0.059%: −$11.11
Slippage, 4 orders: −$55
Fee SunX: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$73.78
Costs to cover: 0.710%
Break-even: 69.1 days

Slippage from SunX: live order book, 64 min ago; Bullet: live order book, 51 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 SunX live order book, 64 min ago	21.99 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Bullet live order book, 51 min ago	0.33 bp	5.3 bp −$5	20.1 bp −$201	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	−0.226%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0011%	8h	152.27	−0.164%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.25	−0.177%	$30.4M	$43.0M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.22	−0.197%	$96.2M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.24	−0.184%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.28	−0.157%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	152.52	long leg	$8K	$862K	10x
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.16	−0.236%	$87K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.28	−0.157%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.20	−0.211%	$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	152.20	−0.210%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.19	−0.216%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.21	−0.203%	$1.2M	$5.5M	10x	as long as short
Bullet SPCX-USDshort	+0.0040%	1h	152.26	−0.170%	$11K	$191K	10x
Arcus SPCX-USD	+0.0040%	1h	152.19	−0.216%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.25	−0.177%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.17	−0.229%	$129.8M	$129.6M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.17	−0.229%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.18	−0.223%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.23	−0.190%	$529K	$366K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.13	−0.256%	$3.2M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0066%	8h	152.24	−0.183%	$100	—	5x	as long as short
Nado SPCX-PERP	+0.0080%	1h	152.20	−0.208%	$635K	$815K	20x	as long as short
Variational Omni SPCX	+0.0092%	8h	152.28	−0.157%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.20	−0.210%	$168K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.16	−0.236%	$13.0M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.38	−0.092%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.26	−0.170%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.21	−0.200%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0109%	8h	152.25	−0.177%	$253.4M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.21	−0.204%	$725K	$5.3M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0122%	8h	152.28	−0.157%	$39.5M	$167.2M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.26	−0.170%	$381K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.18	−0.223%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.13	−0.256%	$693K	$992K	10x	as long as short
edgeX SPCXUSDC	+0.0311%	4h	152.31	−0.136%	$1.7M	$890K	20x	as long as short
Aster SPCXUSD1	+0.0381%	8h	152.36	−0.107%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.57	+0.033%	$9K	$28K	5.5x	as long as short