Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0295%/8h= −32.3% APRpaid last 24h +0.036%

Price spread now: RISEx against Aster−0.066%7-day average +0.027% · 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−$180.179% of the position

Long on Aster Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.081%+$8 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.066%, 7d avg +0.027%

Together, before fees+0.174%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and RISEx is 0.093% cheaper against Aster than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.027%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.081%, 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 4 days it paid 0.081% in total (about 8.0% 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	152.52	0.0367	pay 0.0367% / 8h	1h 37m	$18.8M	$26.9M	20x
Short	RISEx SPCX/USDC	152.42	0.0072	get 0.0009% / 1h	37m 54s	$408K	$498K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$61.93
Price spread: −0.066% → +0.027%: −$9.33
Slippage, 4 orders: −$3.93
Fee Aster: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$89.19
Costs to cover: 0.179%
Break-even: never at this rate

Slippage from Aster: live order book, 6 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 Aster live order book, 6 min ago	0.33 bp	4.3 bp −$4	6.4 bp −$64	doesn't fit	doesn't fit
Sell RISEx live order book, 6 min ago	1.64 bp	4.6 bp −$5	4.9 bp −$49	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 −0.0187% / S +0.0435%	1h	152.31	−0.135%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0016%	8h	152.40	−0.079%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.40	−0.079%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.35	−0.112%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.40	−0.079%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.114%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.092%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.72	+0.131%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.49	−0.020%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	152.39	−0.084%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.32	−0.131%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.39	−0.085%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.38	−0.092%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.34	−0.118%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	−0.099%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.39	−0.085%	$531K	$382K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.27	−0.164%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDCshort	+0.0072%	1h	152.42	−0.066%	$408K	$498K	20x
Paradex SPCX-USD-PERP	+0.0082%	8h	152.41	−0.075%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0085%	8h	152.43	−0.060%	$6.0M	$2.8M	—	as long as short
tradeXYZ xyz:SPCX	+0.0088%	1h	152.31	−0.138%	$129.9M	$129.0M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0094%	1h	152.39	−0.085%	$487K	$1.2M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.30	−0.144%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.29	−0.151%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.44	−0.053%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.39	−0.085%	$14K	$7K	10x	as long as short
Lighter SPCX	+0.0104%	1h	152.31	−0.138%	$1.6M	$7.4M	20x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.37	−0.096%	$733K	$4.0M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.38	−0.094%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0105%	8h	152.42	−0.065%	$251.5M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0118%	8h	152.41	−0.072%	$39.5M	$166.6M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.105%	$732K	$931K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.48	−0.026%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0236%	1h	152.26	−0.169%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0263%	1h	152.40	−0.077%	$11K	$192K	10x	as long as short
Aster SPCXUSD1long	+0.0367%	8h	152.52	long leg	$18.8M	$26.9M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.190%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0538%	1h	152.35	−0.112%	$89K	$1.3M	10x	as long as short
edgeX SPCXUSDC	+0.0737%	4h	152.45	−0.043%	$1.7M	$891K	20x	as long as short