Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.030%

Price spread now: Bitget against RISEx+0.003%7-day average −0.033% · 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−$19as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.003%, 7d avg −0.033%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.037% dearer against RISEx than usual: you sell high and buy low (spread +0.003% now, against its 7-day average of −0.033%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SPCX/USDC	152.62	0.0072	pay 0.0009% / 1h	51m 22s	$408K	$505K	20x
Short	Bitget SPCXUSDT	152.63	0	get 0.0000% / 8h	1h 51m	$31.2M	$66.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against RISEx. 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 RISExbpFee BitgetbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$15.22
Price spread: +0.003% → −0.033%: $3.68
Slippage, 4 orders: −$4.89
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.44
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from RISEx: live order book, 57 min ago; Bitget: live order book, 3 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 RISEx live order book, 57 min ago	1.64 bp	4.6 bp −$5	4.9 bp −$49	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.33 bp	7.0 bp −$7	8.5 bp −$85	16.9 bp −$1,690	26.3 bp −$13.2K

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	152.53	−0.065%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0025%	8h	152.61	−0.010%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.62	−0.003%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.59	−0.023%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDTshort	0.0000%	8h	152.63	+0.003%	$31.2M	$66.0M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.042%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.63	+0.003%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.141%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.64	+0.010%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.52	−0.067%	$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	−0.088%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.57	−0.036%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.53	−0.062%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.57	−0.036%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.58	−0.029%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.60	−0.016%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.53	−0.062%	$530K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.44	−0.121%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0067%	8h	152.63	+0.001%	$101	—	5x	as long as short
RISEx SPCX/USDClong	+0.0072%	1h	152.62	long leg	$408K	$505K	20x
Variational Omni SPCX	+0.0073%	8h	152.63	+0.002%	$6.0M	$2.8M	—	as long as short
tradeXYZ xyz:SPCX	+0.0080%	1h	152.53	−0.062%	$130.1M	$129.0M	20x	as long as short
Lighter SPCX	+0.0096%	1h	152.51	−0.075%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.60	−0.017%	$732K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0097%	8h	152.64	+0.010%	$250.2M	$1.36B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.48	−0.095%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.50	−0.082%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.63	+0.003%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.61	−0.010%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.61	−0.010%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0111%	8h	152.63	+0.003%	$39.6M	$166.9M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	−0.003%	$726K	$932K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.55	−0.049%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0215%	1h	152.45	−0.114%	$613K	$801K	20x	as long as short
Bullet SPCX-USD	+0.0241%	1h	152.64	+0.012%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0356%	8h	152.75	+0.082%	$18.9M	$25.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.174%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0471%	1h	152.58	−0.029%	$89K	$1.3M	10x	as long as short
edgeX SPCXUSDC	+0.0570%	4h	152.58	−0.031%	$1.7M	$892K	20x	as long as short