Funding you earn now, next payment 08:00 UTC−0.0390%/8h= −42.7% APRnext payment −$0.49 per $10,000 · paid last 24h −0.019%
Price spread now: Polymarket Perps against Injective−0.275%51s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Polymarket Perps is 0.275% cheaper against Injective than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.49 per $10,000. 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 | Injective SPCX/USDC PERP | 152.70 | 0.0440 | pay 0.0055% / 1h | 4m 26s | $9K | $28K | 5.5x |
| Short | Polymarket Perps SPCX-USD | 152.28 | 0.0050 | get 0.0006% / 1h | 4m 26s | $488K | $1.2M | 10x |
Injective SPCX/USDC PERP
Polymarket Perps SPCX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$81.9
- Price spread: −0.275% → 0.000%
- −$27.5
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$117.42
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 4 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 4 min ago | 1.97 bp | 6.0 bp −$6 | 7.2 bp −$72 | 9.6 bp −$963 | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 152.25 | −0.298% | $90K | — | 20x | as long as short |
| BloFin SPCX-USDT | 0.0000% | 8h | 152.36 | −0.223% | $1.9M | $1.2M | 75x | as long as short |
| Bybit SPCXUSDT | 0.0000% | 8h | 152.36 | −0.223% | $30.5M | $42.8M | 100x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.32 | −0.249% | $96.3M | $32.0M | 100x | as long as short |
| Bitget SPCXUSDT | 0.0000% | 8h | 152.36 | −0.223% | $31.2M | $66.2M | 75x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.52 | +12.980% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.36 | −0.223% | $300K | $2.6M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 152.57 | −0.085% | $8K | $888K | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | 0.0000% | 1h | 152.29 | −0.269% | $90K | $1.4M | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.38 | −0.210% | $1.3M | $1.8M | 75x | as long as short |
GMX SPCX/USD [ETH-USDC]
BloFin SPCX-USDT
Bybit SPCXUSDT
Gate SPCX_USDT
Bitget SPCXUSDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
Deribit SPCX_USDC-PERPETUAL
HTX SPCX-USDTShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps SPCXUSD | +0.0022% | 1h | 152.25 | −0.296% | $7K | $8K | 10x | as long as short |
| Lighter SPCX | +0.0032% | 1h | 152.30 | −0.262% | $1.6M | $7.4M | 20x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.27 | −0.282% | $2.5M | $7.3M | 20x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.25 | −0.295% | $102K | $298K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.33 | −0.242% | — | $1.2M | 10x | as long as short |
| tradeXYZ xyz:SPCX | +0.0050% | 1h | 152.24 | −0.301% | $129.7M | $129.3M | 20x | as long as short |
| Polymarket Perps SPCX-USDshort | +0.0050% | 1h | 152.28 | −0.275% | $488K | $1.2M | 10x | |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.31 | −0.255% | $1.7M | $99K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.31 | −0.255% | $530K | $370K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.19 | −0.334% | $3.2M | $2.2M | 10x | as long as short |
| QFEX SPCX-USD | +0.0070% | 1h | 152.31 | −0.255% | $1.2M | $5.5M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0073% | 8h | 152.32 | −0.247% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.24 | −0.301% | $168K | $119K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.19 | −0.334% | $13.0M | $5.6M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.25 | −0.295% | $58K | $272K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.34 | −0.236% | $14K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.32 | −0.247% | $88 | — | 10x | as long as short |
| Variational Omni SPCX | +0.0104% | 8h | 152.31 | −0.252% | $5.9M | $2.8M | — | as long as short |
| Bullet SPCX-USD | +0.0117% | 1h | 152.34 | −0.236% | $11K | $192K | 10x | as long as short |
| Binance SPCXUSDT | +0.0119% | 8h | 152.34 | −0.234% | $253.3M | $1.36B | 75x | as long as short |
| Extended SPCX-USD | +0.0120% | 1h | 152.31 | −0.257% | $724K | $5.3M | 10x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0134% | 8h | 152.34 | −0.236% | $39.7M | $166.6M | 75x | as long as short |
| Nado SPCX-PERP | +0.0150% | 1h | 152.27 | −0.283% | $631K | $803K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0240% | 1h | 152.34 | −0.236% | $728K | $930K | 10x | as long as short |
| Phoenix SPCX | +0.0368% | 1h | 152.31 | −0.255% | $444K | $266K | 15x | as long as short |
| Aster SPCXUSD1 | +0.0387% | 8h | 152.43 | −0.179% | $18.9M | $30.5M | 20x | as long as short |
| Injective SPCX/USDC PERPlong | +0.0440% | 1h | 152.70 | long leg | $9K | $28K | 5.5x | |
| RISEx SPCX/USDC | +0.0445% | 1h | 152.38 | −0.208% | $381K | $505K | 20x | as long as short |
| edgeX SPCXUSDC | +0.0487% | 4h | 152.29 | −0.266% | $1.7M | $890K | 20x | as long as short |
Aftermath Perps SPCXUSD
Lighter SPCX
Lighter RH SPCX
Arcus SPCX-USD
Vest SPCX-USD-PERP
tradeXYZ xyz:SPCX
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
QFEX SPCX-USD
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Variational Omni SPCX
Bullet SPCX-USD
Binance SPCXUSDT
Extended SPCX-USD
OKX SPCX-USDT-SWAP
Nado SPCX-PERP
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
Aster SPCXUSD1
RISEx SPCX/USDC
edgeX SPCXUSDC