Funding you earn now, next payment 01:00 UTC−0.0186%/8h= −20.4% APRnext payment −$0.23 per $10,000 · paid last 24h −0.001%
Price spread now: Polymarket Perps against tradeXYZ−0.007%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$320.315% of the position
Funding, last 7 days+0.125%+$13 on $10k
+Price spread, last 7 days+0.015%+$2 · spread now −0.007%, 7d avg +0.015%
=Together, before fees+0.140%+ Points / potential airdroptradeXYZ: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Polymarket Perps is 0.021% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.125%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.125% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 per $10,000. 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 | tradeXYZ xyz:SPCX | 153.03 | 0.0236 | pay 0.0030% / 1h | 24m 32s | $143.1M | $119.2M | 20x |
| Short | Polymarket Perps SPCX-USD | 153.02 | 0.0050 | get 0.0006% / 1h | 24m 32s | $489K | $1.1M | 10x |
tradeXYZ xyz:SPCX
Polymarket Perps SPCX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$39.14
- Price spread: −0.007% → +0.015%
- −$2.11
- Slippage, 4 orders
- −$5.52
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$72.77
- Costs to cover
- 0.315%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Polymarket Perps: 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 tradeXYZ live order book, 5 min ago | 0.33 bp | 9.3 bp −$9 | 10.0 bp −$100 | 15.7 bp −$1,566 | doesn't fit |
| Sell Polymarket Perps live order book, 4 min ago | 2.29 bp | 6.3 bp −$6 | 6.6 bp −$66 | 9.7 bp −$974 | 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 −0.0315% / S +0.0519% | 1h | 153.03 | +0.003% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 153.05 | +0.013% | $96.4M | $31.3M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.52 | +12.735% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.93 | −0.065% | $302K | $3.1M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.32 | +0.190% | $8K | $955K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 153.08 | +0.033% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0027% | 1h | 152.98 | −0.033% | $8K | $8K | 10x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 153.01 | −0.013% | $2.5M | $7.4M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0033% | 1h | 157.25 | +2.758% | $9K | $27K | 5.5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 153.06 | +0.020% | — | $1.2M | 10x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Lighter RH SPCX
Injective SPCX/USDC PERP
Vest SPCX-USD-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPCX | +0.0048% | 1h | 153.03 | 0.000% | $1.6M | $7.4M | 20x | as long as short |
| Polymarket Perps SPCX-USDshort | +0.0050% | 1h | 153.02 | −0.007% | $489K | $1.1M | 10x | |
| SoDEX SPCX-USD | +0.0050% | 1h | 153.07 | +0.026% | $1.7M | $86K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 153.09 | +0.039% | $534K | $414K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.94 | −0.059% | $3.2M | $2.6M | 10x | as long as short |
| QFEX SPCX-USD | +0.0063% | 1h | 153.05 | +0.013% | $1.2M | $7.3M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0098% | 8h | 153.09 | +0.039% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.98 | −0.033% | $173K | $129K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.97 | −0.039% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 153.01 | −0.013% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 153.10 | +0.046% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 153.08 | +0.036% | $89 | — | 10x | as long as short |
| BloFin SPCX-USDT | +0.0111% | 8h | 153.05 | +0.013% | $1.9M | $1.4M | 75x | as long as short |
| edgeX SPCXUSDC | +0.0116% | 4h | 153.07 | +0.026% | $1.7M | $892K | 20x | as long as short |
| Bybit SPCXUSDT | +0.0157% | 8h | 153.08 | +0.033% | $30.9M | $42.8M | 100x | as long as short |
| Arcus SPCX-USD | +0.0194% | 1h | 153.01 | −0.013% | $105K | $297K | 5x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0208% | 1h | 153.04 | +0.007% | $71K | $1.1M | 10x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0211% | 8h | 153.07 | +0.026% | $39.2M | $169.1M | 75x | as long as short |
| Variational Omni SPCX | +0.0216% | 8h | 153.07 | +0.026% | $6.0M | $3.5M | — | as long as short |
| Nado SPCX-PERP | +0.0228% | 1h | 152.97 | −0.036% | $604K | $848K | 20x | as long as short |
| Binance SPCXUSDT | +0.0232% | 8h | 153.09 | +0.036% | $253.2M | $1.38B | 75x | as long as short |
| Extended SPCX-USD | +0.0232% | 1h | 153.05 | +0.013% | $734K | $4.0M | 10x | as long as short |
| tradeXYZ xyz:SPCXlong | +0.0236% | 1h | 153.03 | long leg | $143.1M | $119.2M | 20x | |
| Bullet SPCX-USD | +0.0242% | 1h | 153.09 | +0.039% | $12K | $188K | 10x | as long as short |
| Phoenix SPCX | +0.0314% | 1h | 153.09 | +0.039% | $445K | $271K | 15x | as long as short |
| Bitget SPCXUSDT | +0.0316% | 8h | 153.12 | +0.059% | $31.3M | $66.4M | 75x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0328% | 1h | 153.01 | −0.013% | $731K | $979K | 10x | as long as short |
| Aster SPCXUSD1 | +0.0363% | 8h | 153.09 | +0.040% | $19.0M | $18.2M | 20x | as long as short |
| RISEx SPCX/USDC | +0.0409% | 1h | 153.09 | +0.041% | $401K | $535K | 20x | as long as short |
Lighter SPCX
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
QFEX SPCX-USD
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
BloFin SPCX-USDT
edgeX SPCXUSDC
Bybit SPCXUSDT
Arcus SPCX-USD
Deribit SPCX_USDC-PERPETUAL
OKX SPCX-USDT-SWAP
Variational Omni SPCX
Nado SPCX-PERP
Binance SPCXUSDT
Extended SPCX-USD
Bullet SPCX-USD
Phoenix SPCX
Bitget SPCXUSDT
Coinbase International SPCX-PERP-INTX
Aster SPCXUSD1
RISEx SPCX/USDC