Funding you earn now, next payment 04:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h −0.035%
Price spread now: Polymarket Perps against Deribit−0.007%7-day average −0.030% · 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−$27as in the Price arb table
costs, in and out, $10k−$290.293% of the position
Funding, last 5 days (all we have)−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.007%, 7d avg −0.030%
=The price spread pays, funding is against you. Polymarket Perps is 0.023% dearer against Deribit than usual: you sell high and buy low (spread −0.007% now, against its 7-day average of −0.030%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SPCX_USDC-PERPETUAL | 153.03 | 0.0077 | pay 0.0010% / 1h | 38m 06s | $73K | $1.2M | 10x |
| Short | Polymarket Perps SPCX-USD | 153.02 | 0.0050 | get 0.0006% / 1h | 38m 06s | $499K | $1.2M | 10x |
Deribit SPCX_USDC-PERPETUAL
Polymarket Perps SPCX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.64
- Price spread: −0.007% → −0.030%
- $2.33
- Slippage, 4 orders
- −$14.29
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$32.6
- Costs to cover
- 0.293%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 1 min ago; Polymarket Perps: live order book, 5 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 Deribit live order book, 1 min ago | 5.23 bp | 9.3 bp −$9 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 5 min ago | 1.63 bp | 5.6 bp −$6 | 6.4 bp −$64 | 8.7 bp −$868 | 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 −0.0314% / S +0.0531% | 1h | 153.04 | +0.010% | $91K | — | 20x | as long as short |
| Bybit SPCXUSDT | 0.0000% | 8h | 153.07 | +0.026% | $30.8M | $42.9M | 100x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 153.06 | +0.020% | $96.3M | $31.3M | 100x | as long as short |
| Bitget SPCXUSDT | 0.0000% | 8h | 153.11 | +0.052% | $31.7M | $65.3M | 75x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.53 | +12.740% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 153.03 | 0.000% | $302K | $3.0M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.27 | +0.157% | $8K | $937K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 153.12 | +0.059% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0022% | 1h | 153.04 | +0.005% | $8K | $8K | 10x | as long as short |
| Lighter SPCX | +0.0032% | 1h | 153.04 | +0.007% | $1.6M | $7.3M | 20x | as long as short |
GMX SPCX/USD [ETH-USDC]
Bybit SPCXUSDT
Gate SPCX_USDT
Bitget SPCXUSDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Lighter SPCXShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SPCX | +0.0032% | 1h | 152.99 | −0.026% | $2.5M | $7.2M | 20x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 153.02 | −0.007% | $105K | $297K | 5x | as long as short |
| BloFin SPCX-USDT | +0.0040% | 8h | 153.10 | +0.046% | $1.9M | $1.4M | 75x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 153.07 | +0.026% | — | $1.2M | 10x | as long as short |
| QFEX SPCX-USD | +0.0046% | 1h | 153.03 | 0.000% | $1.2M | $6.2M | 10x | as long as short |
| Polymarket Perps SPCX-USDshort | +0.0050% | 1h | 153.02 | −0.007% | $499K | $1.2M | 10x | |
| SoDEX SPCX-USD | +0.0050% | 1h | 153.05 | +0.013% | $1.7M | $95K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 153.08 | +0.033% | $533K | $395K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.93 | −0.065% | $3.2M | $2.5M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0064% | 8h | 153.08 | +0.035% | $101 | — | 5x | as long as short |
| tradeXYZ xyz:SPCX | +0.0073% | 1h | 153.03 | 0.000% | $141.4M | $119.0M | 20x | as long as short |
| Deribit SPCX_USDC-PERPETUALlong | +0.0077% | 1h | 153.03 | long leg | $73K | $1.2M | 10x | |
| Bullet SPCX-USD | +0.0082% | 1h | 153.08 | +0.031% | $10K | $191K | 10x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.98 | −0.033% | $169K | $130K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.98 | −0.033% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 153.12 | +0.059% | $59K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 153.07 | +0.026% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 153.06 | +0.017% | $89 | — | 10x | as long as short |
| Nado SPCX-PERP | +0.0131% | 1h | 153.00 | −0.022% | $617K | $824K | 20x | as long as short |
| Variational Omni SPCX | +0.0149% | 8h | 153.08 | +0.031% | $6.0M | $3.1M | — | as long as short |
| OKX SPCX-USDT-SWAP | +0.0154% | 8h | 153.09 | +0.039% | $39.5M | $166.9M | 75x | as long as short |
| Binance SPCXUSDT | +0.0159% | 8h | 153.07 | +0.029% | $252.2M | $1.37B | 75x | as long as short |
| Extended SPCX-USD | +0.0160% | 1h | 153.04 | +0.004% | $738K | $3.8M | 10x | as long as short |
| RISEx SPCX/USDC | +0.0191% | 1h | 153.11 | +0.050% | $410K | $530K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0256% | 1h | 153.04 | +0.007% | $738K | $925K | 10x | as long as short |
| Phoenix SPCX | +0.0261% | 1h | 153.10 | +0.046% | $445K | $268K | 15x | as long as short |
| Aster SPCXUSD1 | +0.0409% | 8h | 153.16 | +0.083% | $19.0M | $19.9M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0440% | 1h | 153.35 | +0.209% | $9K | $28K | 5.5x | as long as short |
| edgeX SPCXUSDC | +0.0913% | 4h | 153.08 | +0.034% | $1.7M | $891K | 20x | as long as short |
Lighter RH SPCX
Arcus SPCX-USD
BloFin SPCX-USDT
Vest SPCX-USD-PERP
QFEX SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
Paradex SPCX-USD-PERP
tradeXYZ xyz:SPCX
Bullet SPCX-USD
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Nado SPCX-PERP
Variational Omni SPCX
OKX SPCX-USDT-SWAP
Binance SPCXUSDT
Extended SPCX-USD
RISEx SPCX/USDC
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
Aster SPCXUSD1
Injective SPCX/USDC PERP
edgeX SPCXUSDC