Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0371%/8h= −40.6% APRpaid last 24h −0.003%

Price spread now: Arcus against Aster−0.080%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

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

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.080%, 7d avg −0.073%

Together, before fees+0.049%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.032% in total (about 3.3% 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	Aster SPCXUSD1	153.13	0.0411	pay 0.0411% / 8h	4h 47m	$19.0M	$19.0M	20x
Short	Arcus SPCX-USD	153.01	0.0040	get 0.0005% / 1h	47m 23s	$105K	$297K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Aster. 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 AsterbpFee ArcusbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$77.88
Price spread: −0.080% → −0.073%: −$0.68
Slippage, 4 orders: −$20.28
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$111.34
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Arcus: live order book, 11 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 Aster live order book, 2 min ago	0.98 bp	5.6 bp −$6	7.3 bp −$73	doesn't fit	doesn't fit
Sell Arcus live order book, 11 min ago	6.21 bp	9.6 bp −$10	12.5 bp −$125	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 −0.0314% / S +0.0531%	1h	153.04	−0.057%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.06	−0.048%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.05	−0.054%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.09	−0.028%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.664%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.99	−0.093%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.083%	$8K	$937K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.09	−0.028%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.04	−0.062%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.01	−0.080%	$1.6M	$7.3M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.97	−0.106%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USDshort	+0.0040%	1h	153.01	−0.080%	$105K	$297K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	153.06	−0.048%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.03	−0.067%	$1.2M	$6.3M	10x	as long as short
BloFin SPCX-USDT	+0.0049%	8h	153.08	−0.035%	$1.9M	$1.4M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.03	−0.067%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	−0.054%	$1.7M	$94K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.07	−0.041%	$533K	$398K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−0.146%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0067%	8h	153.07	−0.043%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0069%	1h	153.03	−0.067%	$141.4M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0077%	1h	153.08	−0.037%	$11K	$192K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	153.02	−0.074%	$73K	$1.2M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.97	−0.106%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.95	−0.119%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.080%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.07	−0.041%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	−0.053%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0135%	1h	152.97	−0.106%	$617K	$826K	20x	as long as short
Variational Omni SPCX	+0.0158%	8h	153.07	−0.042%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0160%	8h	153.08	−0.035%	$39.5M	$167.0M	75x	as long as short
Binance SPCXUSDT	+0.0167%	8h	153.08	−0.036%	$252.4M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0168%	1h	153.02	−0.071%	$738K	$3.8M	10x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.10	−0.024%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.061%	$738K	$964K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.08	−0.035%	$445K	$268K	15x	as long as short
Aster SPCXUSD1long	+0.0411%	8h	153.13	long leg	$19.0M	$19.0M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	153.32	+0.122%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0459%	4h	153.06	−0.045%	$1.7M	$893K	20x	as long as short