Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h −0.008%

Price spread now: OKX against Arcus+0.099%7-day average +0.056% · 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−$29as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on Arcus Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.099%, 7d avg +0.056%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.043% dearer against Arcus than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	152.16	0.0040	pay 0.0005% / 1h	21m 17s	$102K	$298K	5x
Short	OKX SPCX-USDT-SWAP	152.31	0.0148	get 0.0148% / 8h	21m 17s	$39.7M	$166.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.099%Rate

Funding earned: $22.65
Price spread: +0.099% → +0.056%: $4.25
Slippage, 4 orders: −$18.28
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$5.88
Costs to cover: 0.328%
Break-even: 8.8 days

Slippage from Arcus: live order book, 17 min ago; OKX: 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, 17 min ago	6.90 bp	10.8 bp −$11	14.9 bp −$149	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.33 bp	5.5 bp −$5	7.4 bp −$74	13.6 bp −$1,360	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 −0.0187% / S +0.0435%	1h	152.21	+0.030%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.27	+0.072%	$96.2M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.32	+0.105%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.385%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.24	+0.053%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.56	+0.263%	$8K	$890K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.26	+0.066%	$89K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.30	+0.092%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0007%	8h	152.31	+0.099%	$30.5M	$42.8M	100x	as long as short
BloFin SPCX-USDT	+0.0012%	8h	152.30	+0.092%	$1.9M	$1.2M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0026%	1h	152.16	+0.001%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.25	+0.059%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.23	+0.046%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USDlong	+0.0040%	1h	152.16	long leg	$102K	$298K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.29	+0.085%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.20	+0.026%	$129.8M	$129.2M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.24	+0.053%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.27	+0.072%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.30	+0.092%	$529K	$370K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.02	−0.092%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.25	+0.059%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0083%	8h	152.28	+0.078%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.19	+0.020%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.14	−0.013%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.14	−0.013%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.30	+0.092%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.30	+0.090%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0122%	8h	152.17	+0.005%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0133%	8h	152.31	+0.099%	$253.2M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.26	+0.065%	$724K	$5.3M	10x	as long as short
Bullet SPCX-USD	+0.0138%	1h	152.26	+0.066%	$11K	$192K	10x	as long as short
OKX SPCX-USDT-SWAPshort	+0.0148%	8h	152.31	+0.099%	$39.7M	$166.7M	75x
Nado SPCX-PERP	+0.0165%	1h	152.21	+0.033%	$630K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.118%	$728K	$930K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.23	+0.046%	$443K	$266K	15x	as long as short
edgeX SPCXUSDC	+0.0384%	4h	152.18	+0.013%	$1.7M	$890K	20x	as long as short
Aster SPCXUSD1	+0.0403%	8h	152.42	+0.168%	$18.9M	$29.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.58	+0.276%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.31	+0.098%	$381K	$507K	20x	as long as short