Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.002%

Price spread now: KuCoin against Arcus+0.007%7-day average +0.013% · 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−$48as in the Price arb table

costs, in and out, $10k−$470.475% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.007%, 7d avg +0.013%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	152.82	0.0040	pay 0.0005% / 1h	47m 25s	$105K	$297K	5x
Short	KuCoin SPCXUSDTM	152.83	0.0100	get 0.0100% / 8h	3h 47m	$13.0M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.007%Rate

Funding earned: $12.54
Price spread: +0.007% → +0.013%: −$0.62
Slippage, 4 orders: −$30.96
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$35.54
Costs to cover: 0.475%
Break-even: 26.8 days

Slippage from Arcus: live order book, 6 min ago; KuCoin: live order book, 1 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, 6 min ago	6.54 bp	11.0 bp −$11	16.3 bp −$163	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	0.65 bp	16.9 bp −$17	43.4 bp −$434	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 −0.0214% / S +0.0456%	1h	152.84	+0.016%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.87	+0.033%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.95	+0.085%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.897%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.89	+0.046%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.14	+0.209%	$7K	$935K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.93	+0.072%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0012%	8h	152.93	+0.072%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.86	+0.028%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.84	+0.013%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SPCX-USDT	+0.0033%	8h	152.88	+0.039%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USDlong	+0.0040%	1h	152.82	long leg	$105K	$297K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.86	+0.026%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.86	+0.026%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.85	+0.020%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.86	+0.026%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.72	−0.065%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.90	+0.052%	$1.2M	$5.8M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	152.92	+0.066%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.80	−0.013%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.83	+0.007%	$13.0M	$5.5M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.77	−0.033%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.87	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.86	+0.025%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0114%	4h	152.86	+0.024%	$1.7M	$893K	20x	as long as short
Variational Omni SPCX	+0.0138%	8h	152.91	+0.058%	$6.0M	$2.9M	—	as long as short
Lighter SPCX	+0.0152%	1h	152.86	+0.026%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.87	+0.031%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0154%	8h	152.92	+0.065%	$248.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0155%	8h	152.92	+0.065%	$39.7M	$166.1M	75x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.94	+0.075%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	+0.052%	$741K	$939K	10x	as long as short
Nado SPCX-PERP	+0.0254%	1h	152.78	−0.025%	$615K	$810K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.90	+0.052%	$444K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0281%	1h	152.93	+0.072%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0293%	1h	152.87	+0.033%	$141.3M	$119.2M	20x	as long as short
Aster SPCXUSD1	+0.0426%	8h	153.01	+0.124%	$18.9M	$22.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.275%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0470%	1h	152.83	+0.007%	$84K	$1.2M	10x	as long as short