SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%

Price spread now: QFEX against Polymarket Perps−0.007%7-day average +0.031% · 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−$30as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Polymarket Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.042%−$4 on $10k

Price spread, last 7 days+0.100%+$10 · spread now −0.007%, 7d avg +0.031%

Together, before fees+0.058%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and QFEX is 0.037% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SPCX-USD	152.58	0.0050	pay 0.0006% / 1h	51m 37s	$487K	$1.2M	10x
Short	QFEX SPCX-USD	152.57	0.0038	get 0.0005% / 1h	51m 37s	$1.2M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$2.59
Price spread: −0.007% → +0.031%: −$3.71
Slippage, 4 orders: −$7.86
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$32.16
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; QFEX: live order book, 7 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, 1 min ago	2.29 bp	6.3 bp −$6	6.3 bp −$63	8.1 bp −$806	doesn't fit
Sell QFEX live order book, 7 min ago	1.64 bp	6.6 bp −$7	9.0 bp −$90	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 −0.0187% / S +0.0435%	1h	152.51	−0.043%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0025%	8h	152.61	+0.020%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.62	+0.026%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.57	−0.007%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.62	+0.026%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.076%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.63	+0.033%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.170%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.64	+0.039%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.52	−0.038%	$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	152.49	−0.059%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USDshort	+0.0038%	1h	152.57	−0.007%	$1.2M	$5.5M	10x
Arcus SPCX-USD	+0.0040%	1h	152.53	−0.033%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.57	−0.007%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USDlong	+0.0050%	1h	152.58	long leg	$487K	$1.2M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.56	−0.013%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.53	−0.033%	$530K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.44	−0.092%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0067%	8h	152.63	+0.030%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.62	+0.029%	$408K	$505K	20x	as long as short
Variational Omni SPCX	+0.0073%	8h	152.63	+0.032%	$6.0M	$2.8M	—	as long as short
tradeXYZ xyz:SPCX	+0.0082%	1h	152.53	−0.033%	$130.1M	$129.0M	20x	as long as short
Lighter SPCX	+0.0096%	1h	152.51	−0.046%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.58	−0.001%	$732K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0097%	8h	152.64	+0.039%	$250.2M	$1.36B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.48	−0.066%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.49	−0.059%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.63	+0.033%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.60	+0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.58	+0.003%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0111%	8h	152.63	+0.033%	$39.6M	$166.9M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.026%	$726K	$932K	10x	as long as short
Nado SPCX-PERP	+0.0208%	1h	152.45	−0.084%	$613K	$801K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.55	−0.020%	$443K	$266K	15x	as long as short
Bullet SPCX-USD	+0.0245%	1h	152.60	+0.016%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0356%	8h	152.75	+0.112%	$18.9M	$25.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.203%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0537%	1h	152.56	−0.013%	$89K	$1.3M	10x	as long as short
edgeX SPCXUSDC	+0.0570%	4h	152.58	−0.002%	$1.7M	$892K	20x	as long as short