Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.030%

Price spread now: Polymarket Perps against BloFin−0.026%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.298%+$30 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.026%, 7d avg −0.042%

Together, before fees+0.254%+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	152.46	−0.0004	get 0.0004% / 8h	2h 26m	$1.9M	$1.2M	75x
Short	Polymarket Perps SPCX-USD	152.42	0.0050	get 0.0006% / 1h	26m 46s	$487K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. 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 BloFinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.026%Rate

Funding earned: $11.29
Price spread: −0.026% → −0.042%: $1.56
Slippage, 4 orders: −$4.68
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$11.83
Costs to cover: 0.247%
Break-even: 14.3 days

Slippage from BloFin: live order book, 6 min ago; Polymarket Perps: live order book, 1 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 BloFin live order book, 6 min ago	0.33 bp	6.4 bp −$6	8.2 bp −$82	9.4 bp −$944	13.7 bp −$6,868
Sell Polymarket Perps live order book, 1 min ago	1.97 bp	6.0 bp −$6	6.8 bp −$68	10.1 bp −$1,013	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	152.37	−0.062%	$90K	—	20x	as long as short
BloFin SPCX-USDTlong	−0.0004%	8h	152.46	long leg	$1.9M	$1.2M	75x
Bybit SPCXUSDT	0.0000%	8h	152.49	+0.020%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.45	−0.007%	$96.0M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.49	+0.020%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.162%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.50	+0.026%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.69	+0.151%	$8K	$910K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.43	−0.020%	$87K	$1.3M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.53	+0.046%	$1.3M	$1.8M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0022%	1h	152.46	+0.003%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.42	−0.026%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.40	−0.039%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.40	−0.039%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.46	0.000%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.48	+0.013%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.38	−0.052%	$130.9M	$128.7M	20x	as long as short
Polymarket Perps SPCX-USDshort	+0.0050%	1h	152.42	−0.026%	$487K	$1.2M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.45	−0.007%	$1.7M	$98K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.48	+0.013%	$531K	$387K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.39	−0.046%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0059%	8h	152.48	+0.012%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.38	−0.052%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.41	−0.033%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.54	+0.052%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.48	+0.013%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.47	+0.007%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0112%	8h	152.48	+0.014%	$6.0M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0115%	8h	152.49	+0.020%	$250.6M	$1.36B	75x	as long as short
Nado SPCX-PERP	+0.0116%	1h	152.40	−0.038%	$613K	$803K	20x	as long as short
Extended SPCX-USD	+0.0120%	1h	152.44	−0.013%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0121%	8h	152.48	+0.013%	$39.3M	$166.2M	75x	as long as short
Bullet SPCX-USD	+0.0145%	1h	152.48	+0.013%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.51	+0.036%	$408K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.013%	$739K	$923K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.49	+0.020%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0374%	8h	152.59	+0.086%	$18.9M	$24.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	+0.157%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0741%	4h	152.51	+0.030%	$1.7M	$891K	20x	as long as short