Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0246%/8h= −27.0% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Aster−0.080%46s7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as 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−$250.252% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days−0.029%−$3 · spread now −0.080%, 7d avg −0.085%

Together, before fees+0.025%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.085%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.054%, so the current rate has only just turned against you. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.054% in total (about 2.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPCXUSD1	152.98	0.0296	pay 0.0296% / 8h	18m 46s	$19.0M	$21.3M	20x
Short	Polymarket Perps SPCX-USD	152.86	0.0050	get 0.0006% / 1h	18m 46s	$489K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Aster. 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 AsterbpFee Polymarket PerpsbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$51.73
Price spread: −0.080% → −0.085%: $0.51
Slippage, 4 orders: −$9.21
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$76.44
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Polymarket Perps: live order book, 4 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 Aster live order book, 5 min ago	0.65 bp	6.3 bp −$6	7.8 bp −$78	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.29 bp	6.3 bp −$6	8.0 bp −$80	10.3 bp −$1,031	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 −0.0278% / S +0.0492%	1h	152.87	−0.077%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.88	−0.067%	$96.6M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.769%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.82	−0.106%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.10	+0.077%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.90	−0.054%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.83	−0.099%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.83	−0.100%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.790%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.83	−0.100%	$105K	$297K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.86	−0.080%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USDshort	+0.0050%	1h	152.86	−0.080%	$489K	$1.1M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.90	−0.054%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.83	−0.100%	$535K	$410K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.79	−0.126%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.86	−0.080%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDT	+0.0078%	8h	152.92	−0.041%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0091%	8h	152.91	−0.050%	$101	—	5x	as long as short
Lighter SPCX	+0.0096%	1h	152.87	−0.073%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.82	−0.106%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.78	−0.132%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.086%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.90	−0.054%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.92	−0.038%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0145%	1h	152.90	−0.054%	$12K	$188K	10x	as long as short
Bybit SPCXUSDT	+0.0150%	8h	152.90	−0.054%	$30.7M	$42.8M	100x	as long as short
Variational Omni SPCX	+0.0176%	8h	152.93	−0.031%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0195%	8h	152.91	−0.047%	$38.9M	$169.4M	75x	as long as short
Binance SPCXUSDT	+0.0199%	8h	152.91	−0.047%	$253.1M	$1.39B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.89	−0.062%	$734K	$3.6M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0252%	1h	152.87	−0.073%	$143.5M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.91	−0.047%	$446K	$269K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	−0.008%	$733K	$970K	10x	as long as short
edgeX SPCXUSDC	+0.0281%	4h	152.91	−0.046%	$1.7M	$892K	20x	as long as short
Nado SPCX-PERP	+0.0294%	1h	152.77	−0.140%	$601K	$885K	20x	as long as short
Aster SPCXUSD1long	+0.0296%	8h	152.98	long leg	$19.0M	$21.3M	20x
Bitget SPCXUSDT	+0.0310%	8h	152.92	−0.041%	$31.2M	$67.3M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.94	−0.024%	$403K	$539K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0536%	1h	152.88	−0.067%	$71K	$1.0M	10x	as long as short