Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.028%

Price spread now: Arcus against Gate−0.066%7-day average −0.027% · 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−$47as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.066%, 7d avg −0.027%

Together, before fees+0.091%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.038% cheaper against Gate than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.027%). If the spread goes back, that is −$4 on $10k: about 3.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPCX_USDT	152.36	0	get 0.0000% / 8h	41m 14s	$96.2M	$31.8M	100x
Short	Arcus SPCX-USD	152.26	0.0040	get 0.0005% / 1h	41m 14s	$103K	$298K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now −0.066%Rate

Funding earned: $8.46
Price spread: −0.066% → −0.027%: −$3.84
Slippage, 4 orders: −$23.49
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$38.37
Costs to cover: 0.430%
Break-even: 38.8 days

Slippage from Gate: live order book, 3 min ago; Arcus: live order book, 62 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 Gate live order book, 3 min ago	0.66 bp	11.7 bp −$12	17.1 bp −$171	44.4 bp −$4,439	85.5 bp −$42.7K
Sell Arcus live order book, 62 min ago	6.89 bp	10.3 bp −$10	13.9 bp −$139	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 −0.0234% / S +0.0471%	1h	152.28	−0.049%	$90K	—	20x	as long as short
Gate SPCX_USDTlong	0.0000%	8h	152.36	long leg	$96.2M	$31.8M	100x
Bitget SPCXUSDT	0.0000%	8h	152.39	+0.020%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.236%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.37	+0.007%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.60	+0.158%	$8K	$893K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.42	+0.039%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0014%	8h	152.38	+0.013%	$30.5M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0021%	8h	152.38	+0.013%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.24	−0.076%	$7K	$8K	10x	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	152.29	−0.046%	$2.5M	$7.2M	20x	as long as short
Lighter SPCX	+0.0040%	1h	152.31	−0.033%	$1.6M	$7.3M	20x	as long as short
Arcus SPCX-USDshort	+0.0040%	1h	152.26	−0.066%	$103K	$298K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	−0.020%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.28	−0.053%	$129.9M	$129.2M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.32	−0.026%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.32	−0.026%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.34	−0.013%	$530K	$373K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.19	−0.112%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.32	−0.026%	$1.2M	$5.5M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.26	−0.066%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.22	−0.092%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.32	−0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.35	−0.007%	$14K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0102%	8h	152.34	−0.013%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.35	−0.005%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0126%	8h	152.31	−0.036%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0141%	8h	152.36	+0.002%	$252.8M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.32	−0.023%	$724K	$3.8M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.30	−0.039%	$89K	$1.4M	10x	as long as short
Bullet SPCX-USD	+0.0154%	1h	152.37	+0.004%	$11K	$193K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0154%	8h	152.38	+0.013%	$39.7M	$166.8M	75x	as long as short
Nado SPCX-PERP	+0.0180%	1h	152.27	−0.059%	$627K	$803K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	−0.013%	$728K	$930K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.35	−0.007%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0406%	8h	152.46	+0.064%	$18.9M	$28.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.55	+0.125%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.39	+0.019%	$381K	$507K	20x	as long as short
edgeX SPCXUSDC	+0.0472%	4h	152.32	−0.025%	$1.7M	$890K	20x	as long as short