Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.012%

Price spread now: Bullet against Binance−0.021%7-day average −0.006% · 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−$24as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on Binance Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.093%+$9 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.021%, 7d avg −0.006%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	152.52	0.0114	pay 0.0114% / 8h	2h 25m	$250.6M	$1.36B	75x
Short	Bullet SPCX-USD	152.49	0.0144	get 0.0018% / 1h	25m 41s	$11K	$193K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Binance. 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 BinancebpFee BulletbpOrdersPrice spread, now −0.021%Rate

Funding earned: $6.27
Price spread: −0.021% → −0.006%: −$1.55
Slippage, 4 orders: −$4.4
Fee Binance: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$17.67
Costs to cover: 0.224%
Break-even: 26.7 days

Slippage from Binance: live order book, 3 min ago; Bullet: live order book, 23 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 Binance live order book, 3 min ago	0.33 bp	5.3 bp −$5	5.7 bp −$57	9.8 bp −$979	22.0 bp −$11.0K
Sell Bullet live order book, 23 min ago	0.65 bp	5.6 bp −$6	20.3 bp −$203	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	152.38	−0.088%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0004%	8h	152.46	−0.039%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.52	0.000%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.46	−0.039%	$96.0M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.52	0.000%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.118%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.50	−0.013%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.66	+0.092%	$8K	$909K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.54	+0.013%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	152.43	−0.060%	$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 SPCX	+0.0032%	1h	152.46	−0.039%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.43	−0.059%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.40	−0.078%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.45	−0.046%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.46	−0.039%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.40	−0.078%	$130.9M	$128.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.42	−0.065%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.46	−0.039%	$1.7M	$98K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.50	−0.013%	$531K	$387K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.39	−0.085%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0059%	8h	152.48	−0.027%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.44	−0.052%	$87K	$1.3M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.38	−0.092%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.41	−0.072%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.54	+0.013%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.48	−0.026%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.48	−0.028%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0105%	8h	152.48	−0.026%	$6.0M	$2.8M	—	as long as short
Extended SPCX-USD	+0.0112%	1h	152.45	−0.046%	$731K	$4.6M	10x	as long as short
Binance SPCXUSDTlong	+0.0114%	8h	152.52	long leg	$250.6M	$1.36B	75x
Nado SPCX-PERP	+0.0114%	1h	152.42	−0.064%	$613K	$803K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0120%	8h	152.55	+0.020%	$39.3M	$166.3M	75x	as long as short
Bullet SPCX-USDshort	+0.0144%	1h	152.49	−0.021%	$11K	$193K	10x
RISEx SPCX/USDC	+0.0238%	1h	152.51	−0.003%	$408K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.052%	$739K	$923K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.49	−0.019%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0372%	8h	152.59	+0.047%	$18.9M	$24.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	+0.118%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0741%	4h	152.51	−0.009%	$1.7M	$891K	20x	as long as short