Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0872%/8h= +95.5% APRpaid last 24h −0.096%

Price spread now: edgeX against Arcus+0.040%54s7-day average +0.053% · 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—prices read too far apart to compare

costs, in and out, $10k−$340.336% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.298%+$30 on $10k

Price spread, last 4 days (all we have)−0.276%−$28 · spread now +0.040%, 7d avg +0.053%

Together, before fees+0.023%+ Points / potential airdropedgeX: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: +$26 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.298% in total (about 30.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	153.02	0.0040	pay 0.0005% / 1h	40m 42s	$105K	$297K	5x
Short	edgeX SPCXUSDC	153.08	0.0913	get 0.0456% / 4h	40m 42s	$1.7M	$891K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.040%Rate

Funding earned: $183.18
Price spread: +0.040% → +0.053%: −$1.32
Slippage, 4 orders: −$20.13
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $148.22
Costs to cover: 0.336%
Break-even: 1.3 days

Slippage from Arcus: live order book, 18 min ago; edgeX: 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, 18 min ago	6.21 bp	11.8 bp −$12	15.7 bp −$157	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	1.63 bp	6.1 bp −$6	7.0 bp −$70	19.9 bp −$1,985	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 −0.0314% / S +0.0531%	1h	153.06	+0.023%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.11	+0.059%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.09	+0.046%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.14	+0.078%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.746%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.02	0.000%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.31	+0.190%	$8K	$937K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	153.04	+0.013%	$73K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.14	+0.078%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.02	+0.002%	$8K	$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 SPCX	+0.0032%	1h	153.07	+0.033%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.02	0.000%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USDlong	+0.0040%	1h	153.02	long leg	$105K	$297K	5x
BloFin SPCX-USDT	+0.0042%	8h	153.10	+0.052%	$1.9M	$1.4M	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.12	+0.065%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.05	+0.020%	$1.2M	$6.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.06	+0.026%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	+0.033%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.10	+0.052%	$533K	$395K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.065%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0064%	8h	153.11	+0.062%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0073%	1h	153.06	+0.026%	$141.5M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0085%	1h	153.11	+0.058%	$11K	$192K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	153.00	−0.013%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.01	−0.007%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.007%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	+0.052%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.09	+0.047%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0135%	1h	153.04	+0.013%	$617K	$824K	20x	as long as short
Variational Omni SPCX	+0.0149%	8h	153.08	+0.037%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	153.12	+0.065%	$39.5M	$166.9M	75x	as long as short
Extended SPCX-USD	+0.0160%	1h	153.06	+0.029%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0161%	8h	153.10	+0.053%	$252.2M	$1.37B	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.13	+0.075%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	+0.013%	$738K	$925K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.10	+0.052%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0409%	8h	153.15	+0.088%	$19.0M	$19.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	+0.216%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDCshort	+0.0913%	4h	153.08	+0.040%	$1.7M	$891K	20x