Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: HTX against Polymarket Perps+0.059%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.059%, 7d avg +0.039%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.020% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of +0.039%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SPCX-USD	152.48	0.0050	pay 0.0006% / 1h	3m 50s	$490K	$1.2M	10x
Short	HTX SPCX-USDT	152.57	0	get 0.0000% / 8h	3h 03m	$1.3M	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$10.5
Price spread: +0.059% → +0.039%: $2.05
Slippage, 4 orders: −$11.58
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$40.03
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; HTX: 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, 4 min ago	1.97 bp	6.0 bp −$6	7.5 bp −$75	9.1 bp −$909	doesn't fit
Sell HTX live order book, 5 min ago	2.62 bp	11.0 bp −$11	13.5 bp −$135	26.0 bp −$2,598	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 −0.0224% / S +0.0463%	1h	152.41	−0.049%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.52	+0.026%	$96.3M	$31.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.57	+0.059%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.148%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.50	+0.013%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.63	+0.098%	$8K	$916K	10x	as long as short
HTX SPCX-USDTshort	0.0000%	8h	152.57	+0.059%	$1.3M	$1.8M	75x
Bybit SPCXUSDT	+0.0004%	8h	152.54	+0.039%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0014%	8h	152.53	+0.033%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.39	−0.061%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.45	−0.020%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.39	−0.059%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.51	+0.020%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USDlong	+0.0050%	1h	152.48	long leg	$490K	$1.2M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.51	+0.020%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.52	+0.026%	$532K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.33	−0.098%	$3.2M	$2.3M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.47	−0.007%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.52	+0.023%	$101	—	5x	as long as short
Lighter SPCX	+0.0056%	1h	152.48	0.000%	$1.6M	$7.5M	20x	as long as short
edgeX SPCXUSDC	+0.0059%	4h	152.42	−0.040%	$1.7M	$892K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0062%	1h	152.41	−0.046%	$131.0M	$128.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.42	−0.039%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.38	−0.066%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.020%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.53	+0.033%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.51	+0.019%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0125%	8h	152.47	−0.008%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0133%	8h	152.53	+0.033%	$250.5M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.50	+0.014%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0141%	8h	152.55	+0.046%	$39.4M	$166.4M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.48	0.000%	$87K	$1.2M	10x	as long as short
Nado SPCX-PERP	+0.0186%	1h	152.42	−0.040%	$613K	$803K	20x	as long as short
Bullet SPCX-USD	+0.0192%	1h	152.53	+0.033%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.55	+0.045%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.026%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.42	−0.039%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0405%	8h	152.57	+0.058%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.466%	$9K	$28K	5.5x	as long as short