Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.038%

Price spread now: RISEx against OKX+0.010%46s7-day average +0.047% · 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—prices read too far apart to compare

costs, in and out, $10k−$210.206% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.077%+$8 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.010%, 7d avg +0.047%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.037% cheaper against OKX than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.047%). If the spread goes back, that is −$4 on $10k: about 13 days of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.077% in total) that is about 41 hours. The two prices were read 46 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	OKX SPCX-USDT-SWAP	153.02	0.0190	pay 0.0190% / 8h	5h 49m	$39.5M	$167.9M	75x
Short	RISEx SPCX/USDC	153.03	0.0199	get 0.0025% / 1h	49m 46s	$408K	$549K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against OKX. 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 OKXbpFee RISExbpOrdersPrice spread, now +0.010%Rate

Funding earned: $1.98
Price spread: +0.010% → +0.047%: −$3.72
Slippage, 4 orders: −$4.57
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$22.32
Costs to cover: 0.206%
Break-even: 86.0 days

Slippage from OKX: live order book, 4 min ago; RISEx: live order book, 14 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 OKX live order book, 4 min ago	0.33 bp	5.3 bp −$5	6.1 bp −$61	12.5 bp −$1,250	doesn't fit
Sell RISEx live order book, 14 min ago	1.96 bp	5.0 bp −$5	5.6 bp −$56	doesn't fit	doesn't fit

SPCX on 38 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	152.97	−0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	−0.026%	$96.0M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.746%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	−0.091%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.23	+0.137%	$8K	$941K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.02	0.000%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.94	−0.053%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	−0.059%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.93	−0.059%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	−0.020%	—	$1.2M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPCXUSDT	+0.0046%	8h	153.03	+0.007%	$31.7M	$66.1M	75x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.00	−0.013%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	−0.033%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.97	−0.033%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.98	−0.026%	$534K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.87	−0.098%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0064%	8h	153.00	−0.013%	$30.8M	$42.8M	100x	as long as short
Lighter SPCX	+0.0080%	1h	152.96	−0.039%	$1.6M	$7.2M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0080%	8h	153.03	+0.009%	$101	—	5x	as long as short
edgeX SPCXUSDC	+0.0086%	4h	152.97	−0.034%	$1.7M	$892K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	−0.065%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.93	−0.059%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.03	+0.007%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.02	0.000%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.01	−0.009%	$89	—	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	152.95	−0.046%	$72K	$1.2M	10x	as long as short
Bullet SPCX-USD	+0.0188%	1h	153.00	−0.013%	$11K	$189K	10x	as long as short
OKX SPCX-USDT-SWAPlong	+0.0190%	8h	153.02	long leg	$39.5M	$167.9M	75x
Variational Omni SPCX	+0.0193%	8h	152.98	−0.029%	$6.0M	$3.1M	—	as long as short
RISEx SPCX/USDCshort	+0.0199%	1h	153.03	+0.010%	$408K	$549K	20x
Binance SPCXUSDT	+0.0204%	8h	152.99	−0.017%	$252.6M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.95	−0.046%	$736K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0231%	1h	152.97	−0.033%	$142.1M	$119.3M	20x	as long as short
Nado SPCX-PERP	+0.0239%	1h	152.92	−0.065%	$622K	$832K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	−0.007%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.99	−0.020%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.10	+0.053%	$19.0M	$15.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.170%	$9K	$27K	5.5x	as long as short