Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0245%/8h= +26.8% APRpaid last 24h −0.004%

Price spread now: Bullet against Bitget−0.001%7-day average +0.004% · 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−$25as in the Price arb table

costs, in and out, $10k−$250.250% of the position

Long on Bitget Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.077%+$8 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.001%, 7d avg +0.004%

Together, before fees+0.217%+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.077% in total (about 8.1% 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	Bitget SPCXUSDT	152.61	0	get 0.0000% / 8h	1h 46m	$31.2M	$66.0M	75x
Short	Bullet SPCX-USD	152.61	0.0245	get 0.0031% / 1h	46m 48s	$11K	$191K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Bitget. 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 BitgetbpFee BulletbpOrdersPrice spread, now −0.001%Rate

Funding earned: $51.38
Price spread: −0.001% → +0.004%: −$0.45
Slippage, 4 orders: −$4.97
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: $25.95
Costs to cover: 0.250%
Break-even: 3.5 days

Slippage from Bitget: live order book, 2 min ago; Bullet: live order book, 62 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 Bitget live order book, 2 min ago	0.65 bp	7.0 bp −$7	8.9 bp −$89	25.5 bp −$2,548	33.5 bp −$16.8K
Sell Bullet live order book, 62 min ago	0.65 bp	5.6 bp −$6	20.3 bp −$203	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	152.50	−0.069%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0020%	8h	152.60	−0.007%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.59	−0.013%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.57	−0.026%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDTlong	0.0000%	8h	152.61	long leg	$31.2M	$66.0M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.051%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.67	+0.039%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.87	+0.170%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.68	+0.046%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.52	−0.057%	$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	152.52	−0.059%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.57	−0.026%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.53	−0.052%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.55	−0.039%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.56	−0.033%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.56	−0.033%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.49	−0.079%	$531K	$384K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.092%	$3.2M	$2.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0068%	1h	152.49	−0.079%	$130.1M	$129.0M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0071%	8h	152.62	+0.006%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.64	+0.021%	$408K	$498K	20x	as long as short
Variational Omni SPCX	+0.0079%	8h	152.62	+0.006%	$6.0M	$2.8M	—	as long as short
Lighter SPCX	+0.0096%	1h	152.54	−0.046%	$1.6M	$7.3M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.51	−0.066%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.49	−0.079%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.53	−0.052%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.60	−0.007%	$15K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0100%	8h	152.61	−0.002%	$250.4M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.56	−0.033%	$732K	$4.6M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.59	−0.013%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0113%	8h	152.62	+0.007%	$39.6M	$166.9M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.007%	$726K	$932K	10x	as long as short
edgeX SPCXUSDC	+0.0201%	4h	152.61	+0.001%	$1.7M	$893K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.62	+0.007%	$444K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0215%	1h	152.50	−0.072%	$613K	$801K	20x	as long as short
Bullet SPCX-USDshort	+0.0245%	1h	152.61	−0.001%	$11K	$191K	10x
Aster SPCXUSD1	+0.0360%	8h	152.72	+0.073%	$18.9M	$25.9M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0406%	1h	152.55	−0.039%	$89K	$1.3M	10x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.183%	$9K	$28K	5.5x	as long as short