Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h −0.038%

Price spread now: KuCoin against RISEx−0.085%58s7-day average −0.089% · 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—prices read too far apart to compare

costs, in and out, $10k−$340.338% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.085%, 7d avg −0.089%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.089%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 58 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	RISEx SPCX/USDC	152.42	0.0072	pay 0.0009% / 1h	37m 41s	$408K	$498K	20x
Short	KuCoin SPCXUSDTM	152.29	0.0100	get 0.0100% / 8h	1h 37m	$13.0M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.085%Rate

Funding earned: $5.78
Price spread: −0.085% → −0.089%: $0.43
Slippage, 4 orders: −$15.79
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$27.58
Costs to cover: 0.338%
Break-even: 40.4 days

Slippage from RISEx: live order book, 6 min ago; KuCoin: live order book, 11 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, 6 min ago	1.64 bp	4.6 bp −$5	5.6 bp −$56	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	0.98 bp	10.2 bp −$10	39.6 bp −$396	doesn't fit	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 −0.0187% / S +0.0435%	1h	152.31	−0.068%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0016%	8h	152.40	−0.012%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.40	−0.012%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.35	−0.045%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.42	+0.001%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.189%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.026%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.72	+0.197%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.49	+0.047%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	152.39	−0.018%	$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	152.31	−0.072%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.39	−0.019%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.36	−0.039%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.34	−0.052%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	−0.032%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.39	−0.019%	$531K	$382K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.27	−0.098%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDClong	+0.0072%	1h	152.42	long leg	$408K	$498K	20x
Paradex SPCX-USD-PERP	+0.0085%	8h	152.42	−0.001%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0085%	8h	152.43	+0.006%	$6.0M	$2.8M	—	as long as short
tradeXYZ xyz:SPCX	+0.0089%	1h	152.31	−0.072%	$129.9M	$129.0M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0094%	1h	152.39	−0.019%	$487K	$1.2M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.32	−0.065%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.29	−0.085%	$13.0M	$5.5M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.44	+0.014%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.39	−0.019%	$14K	$7K	10x	as long as short
Lighter SPCX	+0.0104%	1h	152.33	−0.058%	$1.6M	$7.4M	20x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.37	−0.030%	$733K	$4.0M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.38	−0.028%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0107%	8h	152.42	0.000%	$251.5M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0118%	8h	152.41	−0.006%	$39.5M	$166.6M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.039%	$732K	$931K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.48	+0.040%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0236%	1h	152.26	−0.103%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0263%	1h	152.40	−0.011%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0369%	8h	152.52	+0.066%	$18.8M	$26.9M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.256%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0538%	1h	152.35	−0.045%	$89K	$1.3M	10x	as long as short
edgeX SPCXUSDC	+0.0737%	4h	152.45	+0.023%	$1.7M	$891K	20x	as long as short