Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0047%/8h= −5.2% APRpaid last 24h −0.030%

Price spread now: BloFin against Polymarket Perps+0.066%45s7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as 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−$270.272% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.298%−$30 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.066%, 7d avg +0.042%

Together, before fees−0.305%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.024% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.042%): +$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 41 hours. At the pace of the last 7 days (−0.298% in total) that is about 14 hours. The two prices were read 45 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	152.31	0.0073	pay 0.0009% / 1h	55m 42s	$487K	$1.2M	10x
Short	BloFin SPCX-USDT	152.41	0.0026	get 0.0026% / 8h	55m 42s	$1.9M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$9.88
Price spread: +0.066% → +0.042%: $2.4
Slippage, 4 orders: −$7.21
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$34.68
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; BloFin: 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	0.66 bp	4.7 bp −$5	5.1 bp −$51	6.9 bp −$694	doesn't fit
Sell BloFin live order book, 2 min ago	0.33 bp	11.6 bp −$12	11.6 bp −$116	13.0 bp −$1,302	18.3 bp −$9,169

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	152.25	−0.043%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.29	−0.013%	$96.1M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.36	+0.033%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.277%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.35	+0.026%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.52	+0.138%	$8K	$894K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.42	+0.072%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0015%	8h	152.32	+0.007%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDTshort	+0.0026%	8h	152.41	+0.066%	$1.9M	$1.2M	75x
Aftermath Perps SPCXUSD	+0.0029%	1h	152.20	−0.073%	$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	−0.033%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.25	−0.039%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.30	−0.007%	—	$1.2M	10x	as long as short
Lighter SPCX	+0.0048%	1h	152.27	−0.026%	$1.6M	$7.3M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.23	−0.053%	$130.0M	$129.1M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.28	−0.020%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.33	+0.013%	$530K	$375K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.17	−0.092%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.27	−0.026%	$1.2M	$5.5M	10x	as long as short
Polymarket Perps SPCX-USDlong	+0.0073%	1h	152.31	long leg	$487K	$1.2M	10x
Pacifica SPCX	+0.0100%	1h	152.21	−0.066%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.19	−0.079%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.21	−0.066%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.36	+0.033%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.33	+0.011%	$88	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0120%	8h	152.30	−0.006%	$101	—	5x	as long as short
Bullet SPCX-USD	+0.0128%	1h	152.32	+0.007%	$11K	$192K	10x	as long as short
Variational Omni SPCX	+0.0132%	8h	152.31	−0.002%	$5.9M	$2.8M	—	as long as short
Extended SPCX-USD	+0.0144%	1h	152.28	−0.023%	$724K	$3.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.29	−0.013%	$90K	$1.3M	10x	as long as short
Binance SPCXUSDT	+0.0145%	8h	152.30	−0.009%	$251.8M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	152.33	+0.013%	$39.6M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0177%	1h	152.24	−0.044%	$627K	$804K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.35	+0.026%	$443K	$266K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.020%	$725K	$931K	10x	as long as short
Aster SPCXUSD1	+0.0411%	8h	152.41	+0.068%	$18.9M	$28.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.61	+0.197%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.37	+0.039%	$392K	$507K	20x	as long as short
edgeX SPCXUSDC	+0.0932%	4h	152.31	−0.002%	$1.7M	$891K	20x	as long as short