Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.002%

Price spread now: Orderly against Arcus+0.065%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.065% dearer against Arcus than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	152.95	0.0040	pay 0.0005% / 1h	32m 45s	$105K	$297K	5x
Short	Orderly PERP_SPCX_USDC_mythos	153.05	0.0100	get 0.0100% / 8h	5h 32m	$15K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.065%Rate

Funding earned: $12.54
Price spread: +0.065% → 0.000%: $6.54
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Orderly: 3 bp × 2 orders: −$6
Net: $8.58
Costs to cover: 0.105%
Break-even: 2.2 days

Slippage unknown: Arcus: live order book, 31 min ago; Orderly: no order-book sample. Net counts fees only.

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, 31 min ago	6.54 bp	11.0 bp −$11	15.5 bp −$155	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0333% / S +0.0531%	1h	153.00	+0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	+0.020%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.04	+0.059%	$31.7M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.800%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.026%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.23	+0.183%	$8K	$940K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.05	+0.065%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.97	+0.013%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.95	0.000%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	−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
Bybit SPCXUSDT	+0.0036%	8h	153.02	+0.046%	$30.8M	$42.8M	100x	as long as short
Arcus SPCX-USDlong	+0.0040%	1h	152.95	long leg	$105K	$297K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.98	+0.020%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.99	+0.026%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	+0.013%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	+0.039%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	+0.033%	$534K	$402K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.86	−0.059%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0067%	8h	153.04	+0.059%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0074%	8h	153.05	+0.063%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.93	−0.013%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.92	−0.020%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.05	+0.065%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythosshort	+0.0100%	8h	153.05	+0.065%	$15K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	153.01	+0.038%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0146%	1h	153.03	+0.052%	$11K	$190K	10x	as long as short
Variational Omni SPCX	+0.0173%	8h	153.00	+0.030%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0179%	8h	153.03	+0.052%	$39.5M	$167.7M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.99	+0.024%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0187%	8h	153.01	+0.039%	$252.6M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0188%	1h	152.97	+0.013%	$142.1M	$119.4M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.04	+0.059%	$408K	$549K	20x	as long as short
Nado SPCX-PERP	+0.0200%	1h	152.91	−0.024%	$622K	$831K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	+0.039%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.00	+0.033%	$445K	$267K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0339%	1h	152.98	+0.020%	$73K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0405%	8h	153.10	+0.097%	$19.0M	$17.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.216%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0524%	4h	152.99	+0.027%	$1.7M	$892K	20x	as long as short