SPCH funding rates and arbitrage

SPCH perpetuals trade on 5 contracts across 5 venues, forming 10 cross-venue arbitrage pairs. By net APR the current best pair is long Bitget against short Bybit, netting +0.78%, with both legs settling on the same cadence。

SPCH perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
Bitget	SPCHUSDT	USDT	8h	0.0000%	0.00%	+41.61%	$469K	9.568
Bybit	SPCHUSDT	USDT	8h	0.0007%	+0.78%	-4.75%	$334K	9.599
OKX	SPCH-USDT-SWAP	USDT	8h	0.0000%	0.00%	0.00%	$148K	9.578
HTX	SPCH-USDT	USDT	8h	0.0000%	0.00%	-2.88%	$141K	10.020
Gate	SPCH_USDT	USDT	8h	0.0000%	0.00%	-14.31%	$9K	9.593

SPCH cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Bitget USDT	Bybit USDT	+0.78%	0.0021%	-46.36%	8h matched	$334K
Gate USDT	Bybit USDT	+0.78%	0.0021%	+9.56%	8h matched	$9K
HTX USDT	Bybit USDT	+0.78%	0.0021%	-1.86%	8h matched	$141K
OKX USDT	Bybit USDT	+0.78%	0.0021%	-4.75%	8h matched	$148K
Bitget USDT	Gate USDT	0.00%	0.0000%	-55.92%	8h matched	$9K
Bitget USDT	HTX USDT	0.00%	0.0000%	-44.49%	8h matched	$141K
Bitget USDT	OKX USDT	0.00%	0.0000%	-41.61%	8h matched	$148K
Gate USDT	HTX USDT	0.00%	0.0000%	+11.43%	8h matched	$9K
Gate USDT	OKX USDT	0.00%	0.0000%	+14.31%	8h matched	$9K
HTX USDT	OKX USDT	0.00%	0.0000%	+2.88%	8h matched	$141K

SPCH project profile

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

SPELL+5.1%SPORTFUN+33.1%SPX500+27.4%STORJ+146.9%STXX+195.9%TST0.0%VELO0.0%XCN+232.7%XDC+12.0%XLK0.0%XLU0.0%XLV0.0%

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