Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0379%/8h= −41.5% APRpaid last 24h −0.017%

Price spread now: Polymarket Perps against Aster−0.106%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days−0.010%−$1 · spread now −0.106%, 7d avg −0.084%

Together, before fees+0.013%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Polymarket Perps is 0.022% cheaper against Aster than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.084%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.023% in total (about 1.2% 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	Aster SPCXUSD1	153.01	0.0429	pay 0.0429% / 8h	3h 45m	$19.0M	$22.4M	20x
Short	Polymarket Perps SPCX-USD	152.85	0.0050	get 0.0006% / 1h	45m 18s	$499K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$79.53
Price spread: −0.106% → −0.084%: −$2.17
Slippage, 4 orders: −$5.89
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$103.59
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Polymarket Perps: live order book, 3 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, 4 min ago	0.98 bp	5.0 bp −$5	6.5 bp −$65	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	1.96 bp	6.0 bp −$6	6.2 bp −$62	8.6 bp −$856	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	−0.109%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.88	−0.086%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.93	−0.053%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.755%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.96	−0.034%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.12	+0.071%	$8K	$934K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.94	−0.047%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0012%	8h	152.90	−0.073%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.86	−0.097%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.82	−0.125%	$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	+0.0034%	8h	152.91	−0.066%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.83	−0.119%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.87	−0.092%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USDshort	+0.0050%	1h	152.85	−0.106%	$499K	$1.2M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.86	−0.099%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.92	−0.060%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.79	−0.145%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.88	−0.086%	$1.2M	$5.8M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0097%	8h	152.89	−0.077%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.81	−0.132%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.82	−0.125%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.96	−0.034%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.90	−0.073%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.90	−0.070%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0141%	8h	152.91	−0.067%	$6.0M	$2.9M	—	as long as short
Lighter SPCX	+0.0144%	1h	152.85	−0.106%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.86	−0.101%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0155%	8h	152.90	−0.075%	$248.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	152.91	−0.066%	$39.6M	$166.2M	75x	as long as short
edgeX SPCXUSDC	+0.0206%	4h	152.89	−0.078%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.94	−0.050%	$409K	$517K	20x	as long as short
Nado SPCX-PERP	+0.0245%	1h	152.78	−0.149%	$615K	$810K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	−0.073%	$741K	$939K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.93	−0.053%	$445K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0273%	1h	152.90	−0.073%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0281%	1h	152.85	−0.106%	$141.3M	$119.2M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0405%	1h	152.87	−0.092%	$84K	$1.2M	10x	as long as short
Aster SPCXUSD1long	+0.0429%	8h	153.01	long leg	$19.0M	$22.4M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.149%	$9K	$28K	5.5x	as long as short