Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0109%/8h= −11.9% APRpaid last 24h +0.008%

Price spread now: KuCoin against Bullet−0.078%7-day average −0.060% · 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−$42as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Bullet Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 3 days (all we have)−0.043%−$4 · spread now −0.078%, 7d avg −0.060%

Together, before fees−0.090%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SPCX-USD	153.13	0.0209	pay 0.0026% / 1h	4m 20s	$11K	$189K	10x
Short	KuCoin SPCXUSDTM	153.01	0.0100	get 0.0100% / 8h	7h 04m	$13.0M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bullet. 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 BulletbpFee KuCoinbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$22.85
Price spread: −0.078% → −0.060%: −$1.81
Slippage, 4 orders: −$20.24
Fee Bullet: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$64.91
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from Bullet: live order book, 5 min ago; KuCoin: live order book, 4 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 Bullet live order book, 5 min ago	0.65 bp	5.7 bp −$6	20.5 bp −$205	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.33 bp	11.3 bp −$11	34.7 bp −$347	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 −0.0329% / S +0.0528%	1h	153.10	−0.016%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.11	−0.013%	$96.4M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.662%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.04	−0.059%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.137%	$8K	$952K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.11	−0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	153.05	−0.054%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.07	−0.039%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.06	−0.046%	$2.5M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.691%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	153.13	0.000%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.09	−0.026%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.11	−0.013%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.12	−0.007%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.97	−0.104%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.09	−0.026%	$1.2M	$7.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0090%	8h	153.14	+0.009%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	153.05	−0.052%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	153.01	−0.078%	$13.0M	$5.5M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	153.04	−0.059%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.15	+0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.13	+0.001%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0122%	8h	153.13	0.000%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDT	+0.0125%	8h	153.14	+0.007%	$30.9M	$42.8M	100x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	153.09	−0.026%	$72K	$1.1M	10x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.06	−0.046%	$105K	$297K	5x	as long as short
tradeXYZ xyz:SPCX	+0.0203%	1h	153.09	−0.026%	$143.1M	$119.2M	20x	as long as short
Bullet SPCX-USDlong	+0.0209%	1h	153.13	long leg	$11K	$189K	10x
OKX SPCX-USDT-SWAP	+0.0215%	8h	153.15	+0.013%	$39.3M	$168.9M	75x	as long as short
Variational Omni SPCX	+0.0228%	8h	153.12	−0.009%	$6.0M	$3.5M	—	as long as short
Nado SPCX-PERP	+0.0234%	1h	153.04	−0.061%	$620K	$850K	20x	as long as short
Extended SPCX-USD	+0.0240%	1h	153.10	−0.022%	$734K	$3.9M	10x	as long as short
Binance SPCXUSDT	+0.0242%	8h	153.13	0.000%	$252.8M	$1.38B	75x	as long as short
Bitget SPCXUSDT	+0.0290%	8h	153.16	+0.020%	$31.7M	$66.6M	75x	as long as short
Phoenix SPCX	+0.0314%	1h	153.11	−0.013%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.007%	$728K	$986K	10x	as long as short
Aster SPCXUSD1	+0.0389%	8h	153.15	+0.011%	$19.0M	$18.5M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.17	+0.026%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0456%	4h	153.12	−0.006%	$1.7M	$893K	20x	as long as short