Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0745%/8h= −81.6% APRpaid last 24h −0.034%

Price spread now: Polymarket Perps against edgeX−0.006%64s7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as 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−$250.249% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.707%−$71 on $10k

Price spread, last 7 days−0.080%−$8 · spread now −0.006%, 7d avg −0.044%

Together, before fees−0.786%+ Points / potential airdropedgeX: Active · farm board−$79 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.038% dearer against edgeX than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.044%): +$4 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.707% in total) that is about 9 hours. The two prices were read 64 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	edgeX SPCXUSDC	152.93	0.0795	pay 0.0397% / 4h	41m 51s	$1.7M	$894K	20x
Short	Polymarket Perps SPCX-USD	152.92	0.0050	get 0.0006% / 1h	41m 51s	$490K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$156.45
Price spread: −0.006% → −0.044%: $3.83
Slippage, 4 orders: −$7.95
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$177.56
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 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 edgeX live order book, 2 min ago	1.63 bp	6.1 bp −$6	7.1 bp −$71	20.0 bp −$1,998	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	1.96 bp	6.0 bp −$6	8.7 bp −$87	10.3 bp −$1,034	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 −0.0272% / S +0.0488%	1h	152.93	−0.003%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.92	−0.006%	$96.6M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.807%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	−0.032%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.14	+0.138%	$8K	$971K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.96	+0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.96	+0.017%	$8K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.90	−0.019%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.88	−0.032%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.825%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.88	−0.032%	$106K	$296K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.94	+0.007%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USDshort	+0.0050%	1h	152.92	−0.006%	$490K	$1.1M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.93	0.000%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.93	0.000%	$538K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.058%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.90	−0.019%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0077%	8h	152.92	−0.008%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0078%	8h	152.94	+0.007%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0081%	1h	152.94	+0.004%	$11K	$188K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.85	−0.052%	$173K	$132K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.82	−0.072%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.97	+0.027%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.96	+0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.94	+0.010%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0139%	8h	152.94	+0.007%	$30.7M	$42.7M	100x	as long as short
Variational Omni SPCX	+0.0183%	8h	152.96	+0.017%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0189%	8h	152.95	+0.014%	$39.0M	$169.4M	75x	as long as short
Binance SPCXUSDT	+0.0196%	8h	152.95	+0.011%	$253.8M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.92	−0.007%	$734K	$3.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.93	0.000%	$71K	$1.0M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0254%	1h	152.93	0.000%	$143.6M	$118.5M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.96	+0.020%	$446K	$269K	15x	as long as short
Nado SPCX-PERP	+0.0265%	1h	152.86	−0.044%	$602K	$884K	20x	as long as short
Aster SPCXUSD1	+0.0279%	8h	153.03	+0.066%	$19.0M	$21.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.027%	$733K	$970K	10x	as long as short
Bitget SPCXUSDT	+0.0306%	8h	152.96	+0.020%	$31.3M	$67.2M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	153.00	+0.046%	$403K	$538K	20x	as long as short
edgeX SPCXUSDClong	+0.0795%	4h	152.93	long leg	$1.7M	$894K	20x