Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.006%

Price spread now: Paradex against Arcus+0.048%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.048% dearer against Arcus than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	152.58	0.0293	pay 0.0037% / 1h	3m 10s	$106K	$296K	5x
Short	Paradex SPCX-USD-PERP	152.65	0.0092	get 0.0092% / 8h	2h 03m	$101	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$42.02
Price spread: +0.048% → 0.000%: $4.8
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$45.72
Costs to cover: 0.085%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 20 min ago; Paradex: 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, 20 min ago	5.90 bp	8.1 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 −0.0335% / S +0.0533%	1h	152.62	+0.023%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.65	+0.046%	$96.5M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+13.058%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.66	+0.052%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.170%	$8K	$991K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.61	+0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.61	+0.020%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	−0.007%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.061%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.66	+0.052%	—	$1.1M	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	+0.0048%	1h	152.58	0.000%	$1.6M	$7.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.62	+0.026%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.62	+0.026%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.64	+0.039%	$540K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.49	−0.059%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0057%	1h	152.61	+0.020%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERPshort	+0.0092%	8h	152.65	+0.048%	$101	—	5x
BloFin SPCX-USDT	+0.0097%	8h	152.64	+0.039%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.58	0.000%	$175K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−0.039%	$13.0M	$5.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.66	+0.052%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.66	+0.052%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.66	+0.052%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0155%	8h	152.67	+0.059%	$30.7M	$42.3M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0183%	1h	152.61	+0.020%	$129.9M	$107.3M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0186%	8h	152.65	+0.046%	$38.9M	$168.2M	75x	as long as short
Variational Omni SPCX	+0.0194%	8h	152.65	+0.045%	$6.1M	$4.3M	—	as long as short
Bullet SPCX-USD	+0.0194%	1h	152.63	+0.034%	$12K	$189K	10x	as long as short
Extended SPCX-USD	+0.0216%	1h	152.62	+0.026%	$715K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0217%	8h	152.64	+0.037%	$256.1M	$1.38B	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.71	+0.085%	$741K	$947K	10x	as long as short
Aster SPCXUSD1	+0.0246%	8h	152.69	+0.072%	$19.0M	$21.3M	20x	as long as short
Phoenix SPCX	+0.0262%	1h	152.68	+0.066%	$374K	$191K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0274%	1h	152.65	+0.046%	$71K	$1.1M	10x	as long as short
Arcus SPCX-USDlong	+0.0293%	1h	152.58	long leg	$106K	$296K	5x
Nado SPCX-PERP	+0.0298%	1h	152.53	−0.035%	$625K	$878K	20x	as long as short
Bitget SPCXUSDT	+0.0342%	8h	152.65	+0.046%	$31.1M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0462%	1h	152.69	+0.069%	$393K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0843%	4h	152.64	+0.041%	$1.7M	$893K	20x	as long as short