Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.023%

Price spread now: Polymarket Perps against Bitget−0.026%50s7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as 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−$260.262% of the position

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 7 days−0.063%−$6 · spread now −0.026%, 7d avg −0.081%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.055% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.081%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPCXUSDT	152.62	0	get 0.0000% / 8h	1h 50m	$31.2M	$66.0M	75x
Short	Polymarket Perps SPCX-USD	152.58	0.0050	get 0.0006% / 1h	50m 43s	$487K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.026%Rate

Funding earned: $10.5
Price spread: −0.026% → −0.081%: $5.46
Slippage, 4 orders: −$6.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$10.25
Costs to cover: 0.262%
Break-even: 13.8 days

Slippage from Bitget: live order book, 3 min ago; Polymarket Perps: live order book, 2 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, 3 min ago	0.33 bp	6.6 bp −$7	7.9 bp −$79	25.7 bp −$2,569	33.8 bp −$16.9K
Sell Polymarket Perps live order book, 2 min ago	2.29 bp	6.3 bp −$6	6.5 bp −$65	9.7 bp −$972	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	152.53	−0.062%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0023%	8h	152.62	0.000%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.62	0.000%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.59	−0.020%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDTlong	0.0000%	8h	152.62	long leg	$31.2M	$66.0M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.046%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.63	+0.007%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.144%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.70	+0.052%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.52	−0.064%	$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	152.51	−0.072%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.58	−0.026%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.53	−0.059%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.57	−0.033%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USDshort	+0.0050%	1h	152.58	−0.026%	$487K	$1.2M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.60	−0.013%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.55	−0.046%	$531K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.44	−0.118%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0069%	8h	152.62	+0.001%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.63	+0.006%	$408K	$498K	20x	as long as short
Variational Omni SPCX	+0.0079%	8h	152.62	0.000%	$6.0M	$2.8M	—	as long as short
tradeXYZ xyz:SPCX	+0.0083%	1h	152.49	−0.085%	$130.1M	$129.0M	20x	as long as short
Lighter SPCX	+0.0096%	1h	152.53	−0.059%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.59	−0.021%	$732K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0099%	8h	152.63	+0.005%	$250.1M	$1.36B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.48	−0.092%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.49	−0.085%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.63	+0.007%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.61	−0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.61	−0.007%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0112%	8h	152.64	+0.013%	$39.6M	$166.9M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	0.000%	$726K	$932K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.55	−0.046%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0215%	1h	152.45	−0.111%	$613K	$801K	20x	as long as short
Bullet SPCX-USD	+0.0241%	1h	152.64	+0.015%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0356%	8h	152.74	+0.079%	$18.9M	$25.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.177%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0471%	1h	152.58	−0.026%	$89K	$1.3M	10x	as long as short
edgeX SPCXUSDC	+0.0570%	4h	152.58	−0.028%	$1.7M	$892K	20x	as long as short