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 −0.030%

Price spread now: BloFin against Polymarket Perps+0.052%45s7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

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

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.298%−$30 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.052%, 7d avg +0.042%

Together, before fees−0.291%−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.298%, so the current rate has only just turned in your favour. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SPCX-USD	153.01	0.0050	pay 0.0006% / 1h	58m 00s	$489K	$1.1M	10x
Short	BloFin SPCX-USDT	153.09	0.0121	get 0.0121% / 8h	6h 58m	$1.9M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Polymarket Perps. 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 Polymarket PerpsbpFee BloFinbpOrdersPrice spread, now +0.052%Rate

Funding earned: $14.88
Price spread: +0.052% → +0.042%: $0.99
Slippage, 4 orders: −$3.5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$7.63
Costs to cover: 0.235%
Break-even: 10.6 days

Slippage from Polymarket Perps: live order book, 5 min ago; BloFin: live order book, 5 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 Polymarket Perps live order book, 5 min ago	1.31 bp	5.3 bp −$5	5.9 bp −$59	8.1 bp −$809	doesn't fit
Sell BloFin live order book, 5 min ago	0.33 bp	6.6 bp −$7	7.9 bp −$79	10.4 bp −$1,045	15.0 bp −$7,516

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 −0.0333% / S +0.0531%	1h	153.01	+0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.00	−0.007%	$96.3M	$31.1M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.754%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.97	−0.026%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.216%	$8K	$950K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.04	+0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	153.01	+0.002%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.95	−0.039%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	−0.052%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.771%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	153.00	−0.007%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.04	+0.020%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.01	0.000%	$1.2M	$7.1M	10x	as long as short
Polymarket Perps SPCX-USDlong	+0.0050%	1h	153.01	long leg	$489K	$1.1M	10x
SoDEX SPCX-USD	+0.0050%	1h	153.01	0.000%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.04	+0.020%	$534K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.059%	$3.2M	$2.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.97	−0.026%	$72K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0087%	8h	153.05	+0.024%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.95	−0.039%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.94	−0.046%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.94	−0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.06	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	+0.023%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0110%	1h	153.06	+0.030%	$11K	$189K	10x	as long as short
Bybit SPCXUSDT	+0.0113%	8h	153.02	+0.007%	$30.8M	$42.8M	100x	as long as short
BloFin SPCX-USDTshort	+0.0121%	8h	153.09	+0.052%	$1.9M	$1.4M	75x
tradeXYZ xyz:SPCX	+0.0168%	1h	152.99	−0.013%	$142.7M	$119.5M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0210%	8h	153.04	+0.020%	$39.3M	$168.7M	75x	as long as short
Variational Omni SPCX	+0.0226%	8h	153.02	+0.005%	$6.0M	$3.5M	—	as long as short
Binance SPCXUSDT	+0.0240%	8h	153.02	+0.009%	$252.6M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0240%	1h	152.99	−0.013%	$734K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0241%	1h	152.96	−0.034%	$620K	$847K	20x	as long as short
Bitget SPCXUSDT	+0.0271%	8h	153.06	+0.033%	$31.7M	$66.6M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.085%	$728K	$986K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.06	+0.033%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0390%	8h	153.13	+0.077%	$19.0M	$18.0M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.09	+0.049%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0877%	4h	153.03	+0.016%	$1.7M	$894K	20x	as long as short