Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0410%/8h= +44.8% APRpaid last 24h +0.050%

Price spread now: RISEx against Gate+0.056%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.092%+$9 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.056%, 7d avg +0.076%

Together, before fees+0.095%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.021% cheaper against Gate than usual: you would sell low and buy high (spread +0.056% now, against its 7-day average of +0.076%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$12 a day). At the pace of the last 3 days (+0.092% in total) that is about 19 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.092% in total (about 9.7% 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	Gate SPCX_USDT	153.00	0	get 0.0000% / 8h	6h 58m	$96.3M	$31.1M	100x
Short	RISEx SPCX/USDC	153.09	0.0410	get 0.0051% / 1h	58m 04s	$408K	$539K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Gate. 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 GatebpFee RISExbpOrdersPrice spread, now +0.056%Rate

Funding earned: $86
Price spread: +0.056% → +0.076%: −$2.09
Slippage, 4 orders: −$9.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $53.19
Costs to cover: 0.307%
Break-even: 2.7 days

Slippage from Gate: live order book, 1 min ago; RISEx: live order book, 10 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 Gate live order book, 1 min ago	0.33 bp	13.5 bp −$13	18.7 bp −$187	49.4 bp −$4,937	84.2 bp −$42.1K
Sell RISEx live order book, 10 min ago	0.65 bp	3.7 bp −$4	5.4 bp −$54	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 −0.0333% / S +0.0531%	1h	153.01	+0.010%	$88K	—	20x	as long as short
Gate SPCX_USDTlong	0.0000%	8h	153.00	long leg	$96.3M	$31.1M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.761%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.97	−0.020%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.222%	$8K	$950K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.04	+0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	153.01	+0.008%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.95	−0.033%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	−0.046%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.778%	$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	153.00	0.000%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.04	+0.026%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.01	+0.007%	$1.2M	$7.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.01	+0.007%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	+0.007%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.04	+0.026%	$534K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.052%	$3.2M	$2.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.97	−0.020%	$72K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0087%	8h	153.05	+0.031%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.95	−0.033%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.94	−0.039%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.94	−0.039%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.06	+0.039%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	+0.030%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0110%	1h	153.06	+0.036%	$11K	$189K	10x	as long as short
Bybit SPCXUSDT	+0.0113%	8h	153.02	+0.013%	$30.8M	$42.8M	100x	as long as short
BloFin SPCX-USDT	+0.0121%	8h	153.09	+0.059%	$1.9M	$1.4M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0168%	1h	152.99	−0.007%	$142.7M	$119.5M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0210%	8h	153.04	+0.026%	$39.3M	$168.7M	75x	as long as short
Variational Omni SPCX	+0.0226%	8h	153.02	+0.012%	$6.0M	$3.5M	—	as long as short
Binance SPCXUSDT	+0.0240%	8h	153.02	+0.015%	$252.6M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0240%	1h	152.99	−0.006%	$734K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0241%	1h	152.96	−0.028%	$620K	$847K	20x	as long as short
Bitget SPCXUSDT	+0.0271%	8h	153.06	+0.039%	$31.7M	$66.6M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.092%	$728K	$986K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.06	+0.039%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0390%	8h	153.13	+0.084%	$19.0M	$18.0M	20x	as long as short
RISEx SPCX/USDCshort	+0.0410%	1h	153.09	+0.056%	$408K	$539K	20x
edgeX SPCXUSDC	+0.0877%	4h	153.03	+0.023%	$1.7M	$894K	20x	as long as short