Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h +0.008%

Price spread now: Arcus against Binance−0.049%7-day average −0.071% · 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−$29as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Binance Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.366%−$37 · spread now −0.049%, 7d avg −0.071%

Together, before fees−0.324%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.022% dearer against Binance than usual: you sell high and buy low (spread −0.049% now, against its 7-day average of −0.071%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	153.02	0.0188	pay 0.0188% / 8h	5h 36m	$252.6M	$1.37B	75x
Short	Arcus SPCX-USD	152.95	0.0040	get 0.0005% / 1h	36m 58s	$105K	$297K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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 BinancebpFee ArcusbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$31.12
Price spread: −0.049% → −0.071%: $2.22
Slippage, 4 orders: −$16.51
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$59.91
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Arcus: live order book, 27 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 Binance live order book, 7 min ago	0.33 bp	5.3 bp −$5	5.9 bp −$59	10.0 bp −$1,003	17.4 bp −$8,700
Sell Arcus live order book, 27 min ago	6.54 bp	9.3 bp −$9	12.4 bp −$124	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 −0.0333% / S +0.0531%	1h	153.00	−0.019%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.00	−0.016%	$96.1M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.743%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	−0.049%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.22	+0.128%	$8K	$940K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.05	+0.017%	$1.3M	$1.7M	75x	as long as short
Bitget SPCXUSDT	+0.0006%	8h	153.06	+0.023%	$31.7M	$66.1M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.97	−0.036%	$72K	$1.2M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.96	−0.043%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.98	−0.029%	$1.6M	$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
Lighter RH SPCX	+0.0032%	1h	152.96	−0.042%	$2.5M	$7.2M	20x	as long as short
Bybit SPCXUSDT	+0.0034%	8h	153.02	−0.003%	$30.8M	$42.8M	100x	as long as short
Arcus SPCX-USDshort	+0.0040%	1h	152.95	−0.049%	$105K	$297K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	153.01	−0.010%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.98	−0.029%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	−0.036%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	−0.023%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.99	−0.023%	$534K	$402K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.85	−0.114%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0068%	8h	153.03	+0.003%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0072%	8h	153.03	+0.005%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	−0.068%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.93	−0.062%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.062%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.04	+0.010%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.00	−0.016%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0132%	1h	153.02	−0.003%	$11K	$190K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0179%	8h	153.04	+0.010%	$39.5M	$167.7M	75x	as long as short
Variational Omni SPCX	+0.0179%	8h	153.01	−0.013%	$6.0M	$3.1M	—	as long as short
tradeXYZ xyz:SPCX	+0.0180%	1h	152.98	−0.029%	$142.1M	$119.4M	20x	as long as short
Binance SPCXUSDTlong	+0.0188%	8h	153.02	long leg	$252.6M	$1.37B	75x
Extended SPCX-USD	+0.0192%	1h	152.98	−0.030%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0192%	1h	152.95	−0.048%	$622K	$831K	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.03	+0.002%	$408K	$549K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	−0.010%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.02	−0.003%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0405%	8h	153.10	+0.046%	$19.0M	$17.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.167%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0612%	4h	153.00	−0.017%	$1.7M	$891K	20x	as long as short