Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0217%/8h= +23.7% APRpaid last 24h +0.062%

Price spread now: RISEx against SunX−0.134%7-day average −0.012% · 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−$81as in the Price arb table

costs, in and out, $10k−$690.688% of the position

Long on SunX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.107%+$11 on $10k

Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.134%, 7d avg −0.012%

Together, before fees+0.210%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.122% cheaper against SunX than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of −0.012%). If the spread goes back, that is −$12 on $10k: about 45 hours of funding at the current rate (+$6 a day). At the pace of the last 4 days (+0.107% in total) that is about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPCX-USDT	153.14	0	get 0.0000% / 8h	3h 47m	$7K	$935K	10x
Short	RISEx SPCX/USDC	152.94	0.0217	get 0.0027% / 1h	47m 31s	$409K	$517K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.134%Rate

Funding earned: $45.49
Price spread: −0.134% → −0.012%: −$12.21
Slippage, 4 orders: −$54.79
Fee SunX: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$35.5
Costs to cover: 0.688%
Break-even: 12.5 days

Slippage from SunX: live order book, 35 min ago; RISEx: live order book, 6 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, 35 min ago	21.86 bp	25.9 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 6 min ago	1.31 bp	4.3 bp −$4	6.2 bp −$62	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 −0.0214% / S +0.0456%	1h	152.84	−0.193%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.87	−0.176%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.95	−0.124%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.661%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.89	−0.163%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	153.14	long leg	$7K	$935K	10x
HTX SPCX-USDT	0.0000%	8h	152.93	−0.137%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0012%	8h	152.93	−0.137%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.86	−0.181%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.84	−0.196%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SPCX-USDT	+0.0033%	8h	152.88	−0.170%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.82	−0.209%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.86	−0.183%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.86	−0.183%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.85	−0.189%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.86	−0.183%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.72	−0.274%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.90	−0.157%	$1.2M	$5.8M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	152.92	−0.143%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.80	−0.222%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.83	−0.202%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.77	−0.242%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.87	−0.176%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.86	−0.184%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0114%	4h	152.86	−0.185%	$1.7M	$893K	20x	as long as short
Variational Omni SPCX	+0.0138%	8h	152.91	−0.151%	$6.0M	$2.9M	—	as long as short
Lighter SPCX	+0.0152%	1h	152.86	−0.183%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.87	−0.178%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0154%	8h	152.92	−0.144%	$248.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0155%	8h	152.92	−0.144%	$39.7M	$166.1M	75x	as long as short
RISEx SPCX/USDCshort	+0.0217%	1h	152.94	−0.134%	$409K	$517K	20x
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	−0.157%	$741K	$939K	10x	as long as short
Nado SPCX-PERP	+0.0254%	1h	152.78	−0.234%	$615K	$810K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.90	−0.157%	$444K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0281%	1h	152.93	−0.137%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0293%	1h	152.87	−0.176%	$141.3M	$119.2M	20x	as long as short
Aster SPCXUSD1	+0.0426%	8h	153.01	−0.085%	$18.9M	$22.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.065%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0470%	1h	152.83	−0.202%	$84K	$1.2M	10x	as long as short