SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0117%/8h= −12.8% APRnext payment −$0.15 per $10,000 · paid last 24h +0.026%

Price spread now: Deribit against Arcus+0.020%7-day average +0.054% · 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−$40as in the Price arb table

costs, in and out, $10k−$370.365% of the position

Long on Arcus Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.054%+$5 on $10k

Price spread, last 3 days (all we have)+0.043%+$4 · spread now +0.020%, 7d avg +0.054%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Deribit is 0.034% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.054%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.054%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	153.06	0.0194	pay 0.0024% / 1h	6m 11s	$105K	$297K	5x
Short	Deribit SPCX_USDC-PERPETUAL	153.09	0.0077	get 0.0010% / 1h	6m 11s	$72K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$24.57
Price spread: +0.020% → +0.054%: −$3.41
Slippage, 4 orders: −$25.01
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$64.48
Costs to cover: 0.365%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 min ago; Deribit: live order book, 3 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, 2 min ago	6.20 bp	10.1 bp −$10	13.5 bp −$135	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	0.33 bp	11.9 bp −$12	15.1 bp −$151	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 −0.0328% / S +0.0527%	1h	153.10	+0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.12	+0.039%	$96.4M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.714%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.05	−0.007%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.183%	$8K	$954K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.11	+0.033%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	153.02	−0.028%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.09	+0.020%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.06	0.000%	$2.5M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.737%	$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
Vest SPCX-USD-PERP	+0.0046%	1h	153.15	+0.059%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.10	+0.026%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.11	+0.033%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.12	+0.039%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.97	−0.059%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.09	+0.020%	$1.2M	$7.2M	10x	as long as short
Deribit SPCX_USDC-PERPETUALshort	+0.0077%	1h	153.09	+0.020%	$72K	$1.1M	10x
Paradex SPCX-USD-PERP	+0.0092%	8h	153.14	+0.053%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	153.05	−0.007%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.01	−0.033%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.04	−0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.14	+0.052%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.12	+0.041%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0123%	8h	153.15	+0.059%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDT	+0.0133%	8h	153.15	+0.059%	$30.9M	$42.8M	100x	as long as short
Arcus SPCX-USDlong	+0.0194%	1h	153.06	long leg	$105K	$297K	5x
tradeXYZ xyz:SPCX	+0.0206%	1h	153.09	+0.020%	$143.1M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0213%	1h	153.14	+0.052%	$11K	$189K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0215%	8h	153.16	+0.065%	$39.3M	$169.1M	75x	as long as short
Variational Omni SPCX	+0.0228%	8h	153.12	+0.037%	$6.0M	$3.5M	—	as long as short
Nado SPCX-PERP	+0.0235%	1h	153.07	+0.006%	$621K	$851K	20x	as long as short
Extended SPCX-USD	+0.0240%	1h	153.10	+0.026%	$734K	$3.9M	10x	as long as short
Binance SPCXUSDT	+0.0243%	8h	153.14	+0.054%	$252.8M	$1.38B	75x	as long as short
Bitget SPCXUSDT	+0.0293%	8h	153.17	+0.072%	$31.7M	$66.7M	75x	as long as short
Phoenix SPCX	+0.0314%	1h	153.11	+0.033%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.052%	$728K	$986K	10x	as long as short
Aster SPCXUSD1	+0.0388%	8h	153.14	+0.053%	$19.0M	$18.5M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.17	+0.072%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0902%	4h	153.10	+0.025%	$1.7M	$892K	20x	as long as short