Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0199%/8h= −21.8% APRpaid last 24h −0.058%

Price spread now: HTX against RISEx−0.018%7-day average −0.044% · you buy dearer than you sell

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

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

costs, in and out, $10k−$300.303% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.102%−$10 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now −0.018%, 7d avg −0.044%

Together, before fees−0.224%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.026% dearer against RISEx than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.044%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 4 days (−0.102% in total) that is about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SPCX/USDC	153.04	0.0199	pay 0.0025% / 1h	24m 03s	$408K	$549K	20x
Short	HTX SPCX-USDT	153.01	0	get 0.0000% / 8h	5h 24m	$1.3M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against RISEx. 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 RISExbpFee HTXbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$41.86
Price spread: −0.018% → −0.044%: $2.6
Slippage, 4 orders: −$12.29
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$69.55
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from RISEx: live order book, 39 min ago; HTX: live order book, 5 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 RISEx live order book, 39 min ago	1.96 bp	5.0 bp −$5	5.6 bp −$56	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	1.31 bp	9.1 bp −$9	9.6 bp −$96	14.2 bp −$1,421	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	152.96	−0.054%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.96	−0.050%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.03	−0.005%	$31.7M	$65.7M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.734%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.083%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.22	+0.120%	$8K	$939K	10x	as long as short
HTX SPCX-USDTshort	0.0000%	8h	153.01	−0.018%	$1.3M	$1.7M	75x
Aftermath Perps SPCXUSD	+0.0027%	1h	152.97	−0.044%	$8K	$8K	10x	as long as short
Bybit SPCXUSDT	+0.0028%	8h	153.01	−0.018%	$30.8M	$42.8M	100x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.91	−0.083%	$2.5M	$7.2M	20x	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	152.93	−0.070%	$105K	$297K	5x	as long as short
edgeX SPCXUSDC	+0.0041%	4h	152.97	−0.041%	$1.7M	$891K	20x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.96	−0.050%	—	$1.2M	10x	as long as short
Lighter SPCX	+0.0048%	1h	152.95	−0.057%	$1.6M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.98	−0.037%	$1.2M	$6.5M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.96	−0.050%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.97	−0.044%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.97	−0.044%	$534K	$400K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.83	−0.135%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0066%	8h	153.00	−0.024%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0073%	8h	153.02	−0.012%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	−0.083%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.87	−0.109%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.070%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	−0.005%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	−0.032%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0158%	1h	153.00	−0.027%	$11K	$190K	10x	as long as short
Variational Omni SPCX	+0.0171%	8h	152.97	−0.041%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0176%	8h	152.99	−0.031%	$39.5M	$167.6M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.97	−0.044%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0185%	8h	153.01	−0.018%	$252.4M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0189%	1h	152.96	−0.050%	$142.0M	$119.2M	20x	as long as short
RISEx SPCX/USDClong	+0.0199%	1h	153.04	long leg	$408K	$549K	20x
Nado SPCX-PERP	+0.0215%	1h	152.89	−0.096%	$622K	$830K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	−0.018%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.02	−0.011%	$445K	$267K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	152.95	−0.057%	$73K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.09	+0.032%	$19.0M	$17.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.159%	$9K	$27K	5.5x	as long as short