Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0119%/8h= −13.1% APRpaid last 24h −0.038%

Price spread now: SunX against Bullet+0.167%7-day average +0.058% · 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−$60as in the Price arb table

costs, in and out, $10k−$710.710% of the position

Long on Bullet Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.119%−$12 on $10k

Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.167%, 7d avg +0.058%

Together, before fees−0.184%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.109% dearer against Bullet than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of +0.058%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SPCX-USD	152.32	0.0119	pay 0.0015% / 1h	7m 20s	$11K	$192K	10x
Short	SunX SPCX-USDT	152.57	0	get 0.0000% / 8h	7m 20s	$8K	$888K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bullet. 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 BulletbpFee SunXbpOrdersPrice spread, now +0.167%Rate

Funding earned: −$25.08
Price spread: +0.167% → +0.058%: $10.89
Slippage, 4 orders: −$55
Fee Bullet: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$85.18
Costs to cover: 0.710%
Break-even: never at this rate

Slippage from Bullet: live order book, 32 min ago; SunX: live order book, 45 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 Bullet live order book, 32 min ago	0.33 bp	5.5 bp −$6	20.1 bp −$201	doesn't fit	doesn't fit
Sell SunX live order book, 45 min ago	21.99 bp	34.1 bp −$34	doesn't fit	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	152.22	−0.060%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.31	−0.004%	$30.5M	$42.8M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.30	−0.010%	$96.3M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.32	+0.003%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.265%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.34	+0.016%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	152.57	+0.167%	$8K	$888K	10x
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.26	−0.037%	$89K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.38	+0.042%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0001%	8h	152.31	−0.004%	$1.9M	$1.2M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0023%	1h	152.26	−0.038%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.27	−0.030%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.24	−0.050%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.23	−0.056%	$102K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	+0.009%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.22	−0.063%	$129.7M	$129.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.26	−0.037%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.28	−0.024%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.29	−0.017%	$529K	$370K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.15	−0.109%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.27	−0.030%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0074%	8h	152.30	−0.013%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.21	−0.070%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.16	−0.102%	$12.9M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.33	+0.009%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.34	+0.016%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.30	−0.010%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0111%	8h	152.30	−0.013%	$5.9M	$2.8M	—	as long as short
Bullet SPCX-USDlong	+0.0119%	1h	152.32	long leg	$11K	$192K	10x
Extended SPCX-USD	+0.0120%	1h	152.27	−0.030%	$724K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0121%	8h	152.31	−0.006%	$253.2M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0136%	8h	152.33	+0.009%	$39.7M	$166.7M	75x	as long as short
Nado SPCX-PERP	+0.0153%	1h	152.24	−0.050%	$631K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.016%	$728K	$930K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.30	−0.010%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0390%	8h	152.42	+0.070%	$18.9M	$30.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.58	+0.173%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.35	+0.025%	$381K	$505K	20x	as long as short
edgeX SPCXUSDC	+0.0590%	4h	152.29	−0.015%	$1.7M	$889K	20x	as long as short