Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0303%/8h= +33.2% APRpaid last 24h +0.048%

Price spread now: RISEx against Binance+0.010%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.092%+$9 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.010%, 7d avg +0.031%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.021% cheaper against Binance than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.031%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day). At the pace of the last 4 days (+0.092% in total) that is about 20 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.092% in total (about 9.1% 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	Binance SPCXUSDT	152.29	0.0141	pay 0.0141% / 8h	33m 20s	$252.7M	$1.36B	75x
Short	RISEx SPCX/USDC	152.30	0.0445	get 0.0056% / 1h	33m 20s	$381K	$507K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.010%Rate

Funding earned: $63.71
Price spread: +0.010% → +0.031%: −$2.12
Slippage, 4 orders: −$2.62
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $42.97
Costs to cover: 0.186%
Break-even: 2.3 days

Slippage from Binance: live order book, 11 min ago; RISEx: live order book, 5 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, 11 min ago	0.33 bp	5.3 bp −$5	5.9 bp −$59	9.4 bp −$936	20.5 bp −$10.2K
Sell RISEx live order book, 5 min ago	0.98 bp	4.0 bp −$4	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	152.21	−0.056%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.25	−0.026%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.30	+0.007%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.290%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.36	+0.046%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.50	+0.138%	$8K	$892K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.41	+0.079%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0015%	8h	152.29	0.000%	$30.5M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0021%	8h	152.31	+0.013%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.24	−0.034%	$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	152.21	−0.052%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.19	−0.066%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.24	−0.033%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.24	−0.033%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.21	−0.052%	$129.8M	$129.2M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.25	−0.026%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.24	−0.033%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.32	+0.020%	$530K	$373K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.16	−0.085%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.24	−0.033%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0094%	8h	152.26	−0.020%	$100	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.20	−0.059%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.19	−0.066%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.35	+0.040%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.30	+0.007%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.28	−0.005%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0127%	8h	152.31	+0.010%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDTlong	+0.0141%	8h	152.29	long leg	$252.7M	$1.36B	75x
Extended SPCX-USD	+0.0144%	1h	152.25	−0.028%	$728K	$5.1M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	152.29	0.000%	$39.7M	$166.6M	75x	as long as short
Bullet SPCX-USD	+0.0158%	1h	152.29	0.000%	$11K	$192K	10x	as long as short
Nado SPCX-PERP	+0.0181%	1h	152.15	−0.091%	$627K	$803K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.033%	$728K	$930K	10x	as long as short
edgeX SPCXUSDC	+0.0360%	4h	152.30	+0.009%	$1.7M	$892K	20x	as long as short
Phoenix SPCX	+0.0368%	1h	152.28	−0.006%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0407%	8h	152.38	+0.062%	$18.9M	$29.2M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0407%	1h	152.24	−0.033%	$89K	$1.4M	10x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.58	+0.191%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDCshort	+0.0445%	1h	152.30	+0.010%	$381K	$507K	20x