Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h +0.004%

Price spread now: Bullet against OKX−0.013%7-day average +0.016% · you buy dearer than you sell

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−$250.253% of the position

Long on OKX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.085%+$9 on $10k

Price spread, last 4 days (all we have)+0.953%+$95 · spread now −0.013%, 7d avg +0.016%

Together, before fees+1.038%+$104 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bullet is 0.029% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.016%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.085%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPCX-USDT-SWAP	153.01	0.0192	pay 0.0192% / 8h	6h 36m	$39.4M	$168.9M	75x
Short	Bullet SPCX-USD	152.99	0.0121	get 0.0015% / 1h	36m 34s	$11K	$190K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against OKX. 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 OKXbpFee BulletbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$14.87
Price spread: −0.013% → +0.016%: −$2.92
Slippage, 4 orders: −$7.28
Fee OKX: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$43.07
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bullet: live order book, 32 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 OKX live order book, 2 min ago	0.33 bp	5.3 bp −$5	5.9 bp −$59	14.1 bp −$1,410	doesn't fit
Sell Bullet live order book, 32 min ago	0.65 bp	8.0 bp −$8	20.8 bp −$208	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 −0.0346% / S +0.0541%	1h	152.96	−0.036%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	−0.020%	$96.1M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.752%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	−0.085%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.20	+0.124%	$8K	$948K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.02	+0.007%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.93	−0.052%	$72K	$1.1M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	−0.041%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.94	−0.046%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.92	−0.059%	$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
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.203%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.91	−0.065%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	−0.013%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.97	−0.026%	$1.2M	$6.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	−0.046%	$500K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.96	−0.033%	$1.7M	$89K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.96	−0.033%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.80	−0.137%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDT	+0.0055%	8h	153.01	0.000%	$30.9M	$42.9M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0078%	8h	152.99	−0.014%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	−0.065%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.89	−0.078%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.105%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	0.000%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	−0.033%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0116%	8h	153.03	+0.013%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USDshort	+0.0121%	1h	152.99	−0.013%	$11K	$190K	10x
tradeXYZ xyz:SPCX	+0.0138%	1h	152.95	−0.039%	$142.3M	$119.1M	20x	as long as short
Bitget SPCXUSDT	+0.0183%	8h	153.04	+0.020%	$31.8M	$66.3M	75x	as long as short
OKX SPCX-USDT-SWAPlong	+0.0192%	8h	153.01	long leg	$39.4M	$168.9M	75x
Variational Omni SPCX	+0.0211%	8h	152.99	−0.012%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0220%	8h	153.00	−0.005%	$252.8M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.97	−0.029%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0240%	1h	152.91	−0.068%	$620K	$841K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.085%	$728K	$969K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.98	−0.020%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0389%	8h	153.06	+0.035%	$19.0M	$16.3M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.02	+0.007%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0965%	4h	152.93	−0.050%	$1.7M	$893K	20x	as long as short