Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0069%/8h= +7.6% APRpaid last 24h −0.008%

Price spread now: Binance against Arcus+0.037%7-day average +0.070% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.037%, 7d avg +0.070%

Together, before fees−0.114%−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.033% cheaper against Arcus than usual: you would sell low and buy high (spread +0.037% now, against its 7-day average of +0.070%). If the spread goes back, that is −$3 on $10k: about 39 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	152.34	0.0040	pay 0.0005% / 1h	34m 32s	$103K	$299K	5x
Short	Binance SPCXUSDT	152.40	0.0109	get 0.0109% / 8h	1h 34m	$251.5M	$1.36B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now +0.037%Rate

Funding earned: $14.52
Price spread: +0.037% → +0.070%: −$3.33
Slippage, 4 orders: −$17.78
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.09
Costs to cover: 0.323%
Break-even: 17.2 days

Slippage from Arcus: live order book, 9 min ago; Binance: live order book, 9 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 Arcus live order book, 9 min ago	6.89 bp	11.4 bp −$11	14.7 bp −$147	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.33 bp	5.3 bp −$5	6.0 bp −$60	9.1 bp −$914	18.2 bp −$9,086

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	−0.023%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0011%	8h	152.40	+0.039%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.38	+0.026%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.36	+0.013%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.41	+0.046%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.249%	$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	152.67	+0.217%	$8K	$895K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.48	+0.092%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.39	+0.034%	$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	152.29	−0.033%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.36	+0.013%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USDlong	+0.0040%	1h	152.34	long leg	$103K	$299K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	−0.007%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	+0.020%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.39	+0.033%	$531K	$381K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.25	−0.059%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.41	+0.045%	$408K	$498K	20x	as long as short
Variational Omni SPCX	+0.0090%	8h	152.38	+0.025%	$5.9M	$2.8M	—	as long as short
Paradex SPCX-USD-PERP	+0.0092%	8h	152.40	+0.037%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0096%	1h	152.27	−0.046%	$129.9M	$129.0M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.34	0.000%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.26	−0.053%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	+0.020%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.39	+0.033%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.39	+0.032%	$88	—	10x	as long as short
Binance SPCXUSDTshort	+0.0109%	8h	152.40	+0.037%	$251.5M	$1.36B	75x
Polymarket Perps SPCX-USD	+0.0110%	1h	152.38	+0.026%	$487K	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.35	+0.009%	$733K	$3.8M	10x	as long as short
Lighter SPCX	+0.0120%	1h	152.30	−0.026%	$1.6M	$7.4M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0121%	8h	152.41	+0.046%	$39.5M	$166.6M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	+0.013%	$732K	$938K	10x	as long as short
edgeX SPCXUSDC	+0.0209%	4h	152.39	+0.035%	$1.7M	$892K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.38	+0.026%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0244%	1h	152.25	−0.061%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0273%	1h	152.41	+0.044%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0374%	8h	152.50	+0.107%	$18.9M	$27.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.309%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0538%	1h	152.36	+0.013%	$89K	$1.3M	10x	as long as short