SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.06 per $10,000 · paid last 24h −0.006%

Price spread now: Bullet against Arcus+0.038%7-day average +0.073% · 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−$31as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Arcus Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.046%+$5 on $10k

Price spread, last 3 days (all we have)+0.184%+$18 · spread now +0.038%, 7d avg +0.073%

Together, before fees+0.230%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bullet is 0.035% cheaper against Arcus than usual: you would sell low and buy high (spread +0.038% now, against its 7-day average of +0.073%). If the spread goes back, that is −$4 on $10k: about 2.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	152.87	0.0040	pay 0.0005% / 1h	42m 47s	$106K	$296K	5x
Short	Bullet SPCX-USD	152.93	0.0085	get 0.0011% / 1h	42m 47s	$11K	$188K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.038%Rate

Funding earned: $9.37
Price spread: +0.038% → +0.073%: −$3.53
Slippage, 4 orders: −$14.52
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$21.17
Costs to cover: 0.270%
Break-even: 22.8 days

Slippage from Arcus: live order book, 36 min ago; Bullet: live order book, 36 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, 36 min ago	5.57 bp	7.8 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell Bullet live order book, 36 min ago	0.33 bp	5.9 bp −$6	20.6 bp −$206	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 −0.0272% / S +0.0488%	1h	152.93	+0.036%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.92	+0.033%	$96.6M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.850%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.89	+0.013%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.12	+0.164%	$8K	$971K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.94	+0.046%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.96	+0.056%	$8K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.90	+0.020%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.89	+0.013%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.865%	$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
Arcus SPCX-USDlong	+0.0040%	1h	152.87	long leg	$106K	$296K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.92	+0.033%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.91	+0.026%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.93	+0.039%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.92	+0.033%	$538K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.020%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.90	+0.020%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0077%	8h	152.91	+0.026%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0078%	8h	152.94	+0.046%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USDshort	+0.0085%	1h	152.93	+0.038%	$11K	$188K	10x
Pacifica SPCX	+0.0100%	1h	152.84	−0.020%	$173K	$132K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.83	−0.026%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.97	+0.065%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.96	+0.059%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.94	+0.047%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0140%	8h	152.93	+0.039%	$30.7M	$42.7M	100x	as long as short
Variational Omni SPCX	+0.0183%	8h	152.96	+0.056%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0190%	8h	152.95	+0.052%	$39.0M	$169.4M	75x	as long as short
Binance SPCXUSDT	+0.0198%	8h	152.94	+0.046%	$253.8M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.91	+0.025%	$734K	$3.6M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0258%	1h	152.93	+0.039%	$143.6M	$118.5M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.96	+0.059%	$446K	$269K	15x	as long as short
Nado SPCX-PERP	+0.0267%	1h	152.85	−0.013%	$602K	$884K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	152.92	+0.033%	$71K	$1.0M	10x	as long as short
Aster SPCXUSD1	+0.0279%	8h	153.02	+0.098%	$19.0M	$21.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.065%	$733K	$970K	10x	as long as short
Bitget SPCXUSDT	+0.0307%	8h	152.95	+0.052%	$31.3M	$67.2M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.99	+0.078%	$403K	$538K	20x	as long as short
edgeX SPCXUSDC	+0.0795%	4h	152.93	+0.039%	$1.7M	$894K	20x	as long as short