Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0145%/8h= −15.9% APRpaid last 24h +0.023%

Price spread now: Bitget against Polymarket Perps+0.026%50s7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$240.242% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 7 days+0.064%+$6 · spread now +0.026%, 7d avg +0.080%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.054% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.080%). Swap the legs. The two prices were read 50 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	Polymarket Perps SPCX-USD	152.32	0.0145	pay 0.0018% / 1h	1m 34s	$487K	$1.2M	10x
Short	Bitget SPCXUSDT	152.36	0	get 0.0000% / 8h	1h 01m	$31.2M	$66.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Polymarket Perps. 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 Polymarket PerpsbpFee BitgetbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$30.42
Price spread: +0.026% → +0.080%: −$5.42
Slippage, 4 orders: −$4.22
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$60.06
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Bitget: live order book, 2 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 Polymarket Perps live order book, 2 min ago	1.31 bp	5.3 bp −$5	5.8 bp −$58	7.7 bp −$773	doesn't fit
Sell Bitget live order book, 2 min ago	0.33 bp	6.6 bp −$7	8.4 bp −$84	19.0 bp −$1,902	33.9 bp −$16.9K

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 −0.0234% / S +0.0471%	1h	152.26	−0.036%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.31	−0.007%	$96.1M	$32.0M	100x	as long as short
Bitget SPCXUSDTshort	0.0000%	8h	152.36	+0.026%	$31.2M	$66.0M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.268%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.36	+0.026%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.61	+0.190%	$8K	$894K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.42	+0.066%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0017%	8h	152.35	+0.020%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0027%	8h	152.40	+0.053%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.30	−0.015%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.26	−0.039%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.33	+0.007%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.27	−0.033%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.28	−0.026%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.31	−0.007%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.36	+0.026%	$530K	$376K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.16	−0.105%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.38	+0.039%	$392K	$507K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.23	−0.059%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.20	−0.079%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.40	+0.053%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.36	+0.026%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.34	+0.012%	$88	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0122%	1h	152.27	−0.033%	$130.0M	$129.0M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0131%	8h	152.31	−0.005%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0131%	8h	152.38	+0.038%	$5.9M	$2.8M	—	as long as short
Extended SPCX-USD	+0.0144%	1h	152.30	−0.015%	$724K	$3.6M	10x	as long as short
Polymarket Perps SPCX-USDlong	+0.0145%	1h	152.32	long leg	$487K	$1.2M	10x
Binance SPCXUSDT	+0.0147%	8h	152.35	+0.020%	$251.9M	$1.36B	75x	as long as short
Lighter SPCX	+0.0152%	1h	152.28	−0.026%	$1.6M	$7.4M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	152.36	+0.026%	$39.5M	$166.5M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.28	−0.026%	$732K	$923K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.38	+0.039%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0265%	1h	152.22	−0.064%	$626K	$805K	20x	as long as short
Bullet SPCX-USD	+0.0299%	1h	152.36	+0.025%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0411%	8h	152.47	+0.098%	$18.9M	$29.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.77	+0.295%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0604%	1h	152.33	+0.007%	$90K	$1.3M	10x	as long as short
edgeX SPCXUSDC	+0.0668%	4h	152.33	+0.006%	$1.7M	$892K	20x	as long as short