Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0310%/8h= +33.9% APRpaid last 24h +0.025%

Price spread now: RISEx against KuCoin+0.062%7-day average +0.090% · 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−$37as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.062%, 7d avg +0.090%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.027% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.062% now, against its 7-day average of +0.090%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$9 a day). At the pace of the last 3 days (+0.030% in total) that is about 3.2 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.030% in total (about 3.2% 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	KuCoin SPCXUSDTM	152.95	0.0100	pay 0.0100% / 8h	6h 13m	$13.0M	$5.5M	20x
Short	RISEx SPCX/USDC	153.04	0.0410	get 0.0051% / 1h	13m 13s	$408K	$539K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against KuCoin. 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 KuCoinbpFee RISExbpOrdersPrice spread, now +0.062%Rate

Funding earned: $65
Price spread: +0.062% → +0.090%: −$2.74
Slippage, 4 orders: −$16.2
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $28.06
Costs to cover: 0.342%
Break-even: 4.0 days

Slippage from KuCoin: live order book, 5 min ago; RISEx: live order book, 55 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 KuCoin live order book, 5 min ago	0.98 bp	10.9 bp −$11	38.7 bp −$387	doesn't fit	doesn't fit
Sell RISEx live order book, 55 min ago	0.65 bp	3.7 bp −$4	5.4 bp −$54	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 −0.0349% / S +0.0543%	1h	152.97	+0.010%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	+0.020%	$96.0M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.796%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.007%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.33	+0.248%	$8K	$944K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.06	+0.072%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.99	+0.028%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	−0.013%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.242%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.98	+0.020%	$105K	$297K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	+0.026%	—	$1.2M	10x	as long as short
Lighter SPCX	+0.0048%	1h	152.95	0.000%	$1.6M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.00	+0.033%	$1.2M	$6.7M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.96	+0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.97	+0.013%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	+0.033%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.072%	$3.2M	$2.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0090%	8h	153.02	+0.046%	$101	—	5x	as long as short
Bybit SPCXUSDT	+0.0090%	8h	152.96	+0.007%	$30.8M	$42.9M	100x	as long as short
Pacifica SPCX	+0.0100%	1h	152.89	−0.039%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	152.95	long leg	$13.0M	$5.5M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.013%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.05	+0.065%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.00	+0.030%	$89	—	10x	as long as short
Bitget SPCXUSDT	+0.0129%	8h	153.06	+0.072%	$31.7M	$66.2M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	152.95	0.000%	$72K	$1.1M	10x	as long as short
Bullet SPCX-USD	+0.0181%	1h	153.01	+0.039%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0187%	1h	152.96	+0.007%	$142.3M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0198%	8h	153.00	+0.033%	$39.4M	$168.7M	75x	as long as short
Variational Omni SPCX	+0.0208%	8h	153.07	+0.076%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0221%	8h	152.98	+0.020%	$252.7M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.96	+0.008%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0247%	1h	152.91	−0.027%	$622K	$838K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	152.97	+0.013%	$738K	$973K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.04	+0.059%	$445K	$270K	15x	as long as short
RISEx SPCX/USDCshort	+0.0410%	1h	153.04	+0.062%	$408K	$539K	20x
Aster SPCXUSD1	+0.0414%	8h	153.12	+0.111%	$19.0M	$15.1M	20x	as long as short
edgeX SPCXUSDC	+0.0602%	4h	153.03	+0.051%	$1.7M	$894K	20x	as long as short