Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h +0.020%

Price spread now: Bullet against Aster−0.050%7-day average +0.001% · 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−$27as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on Aster Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.101%+$10 on $10k

Price spread, last 3 days (all we have)+0.134%+$13 · spread now −0.050%, 7d avg +0.001%

Together, before fees+0.234%+ Points / potential airdropAster: Stage 5 · farm board+$23 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 Bullet is 0.050% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.001%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.101%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPCXUSD1	153.01	0.0279	pay 0.0279% / 8h	43m 42s	$19.0M	$21.3M	20x
Short	Bullet SPCX-USD	152.93	0.0089	get 0.0011% / 1h	43m 42s	$11K	$188K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Aster. 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 AsterbpFee BulletbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$39.9
Price spread: −0.050% → +0.001%: −$5.02
Slippage, 4 orders: −$5.72
Fee Aster: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$66.64
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Bullet: live order book, 35 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 Aster live order book, 5 min ago	0.33 bp	5.3 bp −$5	7.1 bp −$71	doesn't fit	doesn't fit
Sell Bullet live order book, 35 min ago	0.33 bp	5.9 bp −$6	20.6 bp −$206	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 −0.0272% / S +0.0488%	1h	152.93	−0.056%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.92	−0.059%	$96.6M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.746%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.89	−0.078%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.16	+0.098%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.93	−0.052%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.96	−0.036%	$8K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.90	−0.072%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.88	−0.085%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.771%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.87	−0.091%	$106K	$296K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.94	−0.046%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.91	−0.065%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.93	−0.052%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.90	−0.072%	$538K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.111%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.90	−0.072%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0077%	8h	152.91	−0.065%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0081%	8h	153.07	+0.039%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USDshort	+0.0089%	1h	152.93	−0.050%	$11K	$188K	10x
Pacifica SPCX	+0.0100%	1h	152.84	−0.111%	$173K	$132K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.83	−0.118%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.89	−0.078%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.96	−0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.94	−0.044%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0141%	8h	152.93	−0.052%	$30.7M	$42.7M	100x	as long as short
Variational Omni SPCX	+0.0183%	8h	152.96	−0.035%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0190%	8h	152.95	−0.039%	$39.0M	$169.4M	75x	as long as short
Binance SPCXUSDT	+0.0198%	8h	152.93	−0.052%	$253.8M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.90	−0.069%	$734K	$3.6M	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.96	−0.033%	$446K	$269K	15x	as long as short
tradeXYZ xyz:SPCX	+0.0263%	1h	152.92	−0.059%	$143.6M	$118.5M	20x	as long as short
Nado SPCX-PERP	+0.0268%	1h	152.85	−0.103%	$602K	$884K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	152.94	−0.046%	$71K	$1.0M	10x	as long as short
Aster SPCXUSD1long	+0.0279%	8h	153.01	long leg	$19.0M	$21.3M	20x
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	−0.026%	$733K	$970K	10x	as long as short
Bitget SPCXUSDT	+0.0307%	8h	152.95	−0.039%	$31.3M	$67.2M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.99	−0.013%	$403K	$538K	20x	as long as short
edgeX SPCXUSDC	+0.0820%	4h	152.96	−0.030%	$1.7M	$893K	20x	as long as short