Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h +0.042%

Price spread now: RISEx against Bybit+0.003%7-day average +0.053% · 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−$28as in the Price arb table

costs, in and out, $10k−$240.235% of the position

Long on Bybit 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)+0.032%+$3 · spread now +0.003%, 7d avg +0.053%

Together, before fees+0.113%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.049% cheaper against Bybit than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.053%). If the spread goes back, that is −$5 on $10k: about 29 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPCXUSDT	153.03	0.0064	pay 0.0064% / 8h	5h 50m	$30.8M	$42.8M	100x
Short	RISEx SPCX/USDC	153.03	0.0199	get 0.0025% / 1h	50m 23s	$408K	$549K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bybit. 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 BybitbpFee RISExbpOrdersPrice spread, now +0.003%Rate

Funding earned: $28.39
Price spread: +0.003% → +0.053%: −$4.93
Slippage, 4 orders: −$6.51
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$0.04
Costs to cover: 0.235%
Break-even: 7.0 days

Slippage from Bybit: live order book, 3 min ago; RISEx: live order book, 13 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 Bybit live order book, 3 min ago	0.33 bp	6.6 bp −$7	10.1 bp −$101	52.2 bp −$5,221	doesn't fit
Sell RISEx live order book, 13 min ago	1.96 bp	5.0 bp −$5	5.6 bp −$56	doesn't fit	doesn't fit

SPCX on 38 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	152.97	−0.036%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	−0.033%	$96.0M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.739%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	−0.098%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.23	+0.131%	$8K	$941K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.02	−0.007%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.94	−0.059%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.95	−0.052%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.93	−0.065%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	−0.026%	—	$1.2M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPCXUSDT	+0.0046%	8h	153.04	+0.007%	$31.7M	$66.1M	75x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.00	−0.020%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	−0.039%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.97	−0.039%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.98	−0.033%	$534K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.87	−0.105%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDTlong	+0.0064%	8h	153.03	long leg	$30.8M	$42.8M	100x
Lighter SPCX	+0.0080%	1h	152.97	−0.039%	$1.6M	$7.2M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0080%	8h	153.03	+0.002%	$101	—	5x	as long as short
edgeX SPCXUSDC	+0.0086%	4h	152.97	−0.040%	$1.7M	$892K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	−0.072%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.94	−0.059%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.03	0.000%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.02	−0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.01	−0.016%	$89	—	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	152.95	−0.052%	$72K	$1.2M	10x	as long as short
Bullet SPCX-USD	+0.0188%	1h	153.00	−0.020%	$11K	$189K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0190%	8h	153.02	−0.007%	$39.5M	$167.9M	75x	as long as short
Variational Omni SPCX	+0.0193%	8h	152.98	−0.036%	$6.0M	$3.1M	—	as long as short
RISEx SPCX/USDCshort	+0.0199%	1h	153.03	+0.003%	$408K	$549K	20x
Binance SPCXUSDT	+0.0205%	8h	152.99	−0.026%	$252.6M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.95	−0.052%	$736K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0238%	1h	152.98	−0.033%	$142.1M	$119.3M	20x	as long as short
Nado SPCX-PERP	+0.0239%	1h	152.92	−0.072%	$622K	$832K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	−0.013%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.99	−0.026%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.10	+0.047%	$19.0M	$15.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.163%	$9K	$27K	5.5x	as long as short