Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0079%/8h= +8.6% APRpaid last 24h +0.001%

Price spread now: Bybit against Polymarket Perps+0.033%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 7 days+0.026%+$3 · spread now +0.033%, 7d avg +0.066%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.033% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.033% now, against its 7-day average of +0.066%). If the spread goes back, that is −$3 on $10k: about 34 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.057%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SPCX-USD	153.09	0.0050	pay 0.0006% / 1h	5m 03s	$489K	$1.1M	10x
Short	Bybit SPCXUSDT	153.14	0.0129	get 0.0129% / 8h	7h 05m	$30.9M	$42.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.033%Rate

Funding earned: $16.5
Price spread: +0.033% → +0.066%: −$3.29
Slippage, 4 orders: −$5.57
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$11.36
Costs to cover: 0.246%
Break-even: 11.8 days

Slippage from Polymarket Perps: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago	1.31 bp	5.3 bp −$5	5.9 bp −$59	7.6 bp −$758	doesn't fit
Sell Bybit live order book, 4 min ago	0.33 bp	6.5 bp −$7	8.5 bp −$85	30.2 bp −$3,015	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 −0.0328% / S +0.0528%	1h	153.10	+0.010%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.11	+0.013%	$96.4M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.692%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.05	−0.026%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.163%	$8K	$954K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.12	+0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	153.03	−0.037%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.08	−0.007%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.06	−0.020%	$2.5M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.717%	$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
Vest SPCX-USD-PERP	+0.0046%	1h	153.14	+0.033%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USDlong	+0.0050%	1h	153.09	long leg	$489K	$1.1M	10x
SoDEX SPCX-USD	+0.0050%	1h	153.11	+0.013%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.12	+0.020%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.97	−0.078%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.09	0.000%	$1.2M	$7.2M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	153.09	0.000%	$72K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0091%	8h	153.15	+0.037%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	153.05	−0.026%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.01	−0.052%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.04	−0.033%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.15	+0.039%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.13	+0.026%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0122%	8h	153.13	+0.026%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDTshort	+0.0129%	8h	153.14	+0.033%	$30.9M	$42.8M	100x
Arcus SPCX-USD	+0.0194%	1h	153.06	−0.020%	$105K	$297K	5x	as long as short
tradeXYZ xyz:SPCX	+0.0204%	1h	153.09	0.000%	$143.1M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0211%	1h	153.13	+0.029%	$11K	$189K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0215%	8h	153.15	+0.039%	$39.3M	$168.9M	75x	as long as short
Variational Omni SPCX	+0.0228%	8h	153.12	+0.017%	$6.0M	$3.5M	—	as long as short
Nado SPCX-PERP	+0.0235%	1h	153.06	−0.020%	$621K	$851K	20x	as long as short
Extended SPCX-USD	+0.0240%	1h	153.09	+0.003%	$734K	$3.9M	10x	as long as short
Binance SPCXUSDT	+0.0242%	8h	153.13	+0.026%	$252.8M	$1.38B	75x	as long as short
Bitget SPCXUSDT	+0.0291%	8h	153.16	+0.046%	$31.7M	$66.7M	75x	as long as short
Phoenix SPCX	+0.0314%	1h	153.11	+0.013%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.033%	$728K	$986K	10x	as long as short
Aster SPCXUSD1	+0.0389%	8h	153.14	+0.035%	$19.0M	$18.5M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.17	+0.052%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0456%	4h	153.12	+0.020%	$1.7M	$893K	20x	as long as short