Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.023%

Price spread now: Polymarket Perps against Bitget−0.039%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.039%, 7d avg −0.081%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.041% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPCXUSDT	153.04	0	get 0.0000% / 8h	5h 29m	$31.7M	$66.1M	75x
Short	Polymarket Perps SPCX-USD	152.98	0.0050	get 0.0006% / 1h	29m 05s	$499K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bitget. 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 BitgetbpFee Polymarket PerpsbpOrdersPrice spread, now −0.039%Rate

Funding earned: $10.5
Price spread: −0.039% → −0.081%: $4.14
Slippage, 4 orders: −$4.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$9.61
Costs to cover: 0.243%
Break-even: 13.4 days

Slippage from Bitget: live order book, 5 min ago; Polymarket Perps: live order book, 4 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 Bitget live order book, 5 min ago	0.33 bp	6.8 bp −$7	8.1 bp −$81	22.1 bp −$2,211	31.8 bp −$15.9K
Sell Polymarket Perps live order book, 4 min ago	1.31 bp	5.3 bp −$5	6.2 bp −$62	9.3 bp −$930	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 −0.0333% / S +0.0531%	1h	152.99	−0.036%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	−0.039%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDTlong	0.0000%	8h	153.04	long leg	$31.7M	$66.1M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.732%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.085%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.22	+0.118%	$8K	$939K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.03	−0.007%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.97	−0.046%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.97	−0.046%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.94	−0.065%	$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
Bybit SPCXUSDT	+0.0033%	8h	153.01	−0.020%	$30.8M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.94	−0.065%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	−0.033%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.00	−0.026%	$1.2M	$6.5M	10x	as long as short
Polymarket Perps SPCX-USDshort	+0.0050%	1h	152.98	−0.039%	$499K	$1.2M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.99	−0.033%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.98	−0.039%	$534K	$401K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.88	−0.105%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0067%	8h	153.02	−0.013%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0074%	8h	153.03	−0.005%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	−0.085%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−0.085%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.072%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	−0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.01	−0.018%	$89	—	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	152.96	−0.052%	$73K	$1.2M	10x	as long as short
Bullet SPCX-USD	+0.0153%	1h	153.02	−0.012%	$11K	$190K	10x	as long as short
Variational Omni SPCX	+0.0172%	8h	152.99	−0.030%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0178%	8h	153.02	−0.013%	$39.5M	$167.6M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.99	−0.035%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0187%	8h	153.02	−0.014%	$252.4M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0189%	1h	152.98	−0.039%	$142.1M	$119.4M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.05	+0.003%	$408K	$549K	20x	as long as short
Nado SPCX-PERP	+0.0207%	1h	152.91	−0.083%	$622K	$831K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	−0.020%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.02	−0.013%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.10	+0.040%	$19.0M	$17.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.157%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0946%	4h	153.02	−0.016%	$1.7M	$893K	20x	as long as short