Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.026%

Price spread now: Arcus against HTX−0.020%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−$31as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on HTX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.060%+$6 on $10k

Price spread, last 3 days (all we have)−0.034%−$3 · spread now −0.020%, 7d avg −0.060%

Together, before fees+0.025%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.041% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SPCX-USDT	152.88	0	get 0.0000% / 8h	7h 59m	$1.3M	$1.7M	75x
Short	Arcus SPCX-USD	152.85	0.0040	get 0.0005% / 1h	59m 20s	$105K	$297K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against HTX. 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 HTXbpFee ArcusbpOrdersPrice spread, now −0.020%Rate

Funding earned: $8.46
Price spread: −0.020% → −0.060%: $4.08
Slippage, 4 orders: −$18.29
Fee HTX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$22.26
Costs to cover: 0.348%
Break-even: 25.4 days

Slippage from HTX: live order book, 4 min ago; Arcus: live order book, 14 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 HTX live order book, 4 min ago	0.98 bp	11.1 bp −$11	12.8 bp −$128	22.6 bp −$2,257	doesn't fit
Sell Arcus live order book, 14 min ago	5.24 bp	7.5 bp −$7	11.0 bp −$110	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 −0.0290% / S +0.0501%	1h	152.84	−0.029%	$88K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.89	+0.007%	$30.7M	$42.8M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.86	−0.013%	$96.6M	$30.9M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.844%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.81	−0.046%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.11	+0.150%	$8K	$971K	10x	as long as short
HTX SPCX-USDTlong	0.0000%	8h	152.88	long leg	$1.3M	$1.7M	75x
Aftermath Perps SPCXUSD	+0.0030%	1h	152.82	−0.040%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.83	−0.033%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.858%	$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
Arcus SPCX-USDshort	+0.0040%	1h	152.85	−0.020%	$105K	$297K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.91	+0.020%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.85	−0.020%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.83	−0.033%	$534K	$414K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.70	−0.118%	$3.2M	$2.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0056%	1h	152.84	−0.026%	$489K	$1.1M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	152.83	−0.033%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDT	+0.0088%	8h	152.92	+0.026%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.80	−0.052%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.85	−0.020%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.78	−0.065%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.90	+0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	+0.073%	$89	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0106%	8h	152.90	+0.014%	$101	—	5x	as long as short
Lighter SPCX	+0.0112%	1h	152.86	−0.013%	$1.6M	$7.4M	20x	as long as short
Variational Omni SPCX	+0.0189%	8h	152.87	−0.004%	$6.1M	$3.5M	—	as long as short
Bullet SPCX-USD	+0.0193%	1h	152.88	0.000%	$12K	$187K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0200%	8h	152.88	0.000%	$38.9M	$169.2M	75x	as long as short
Binance SPCXUSDT	+0.0208%	8h	152.88	0.000%	$252.9M	$1.39B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.85	−0.020%	$734K	$3.7M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0237%	1h	152.83	−0.033%	$143.4M	$119.5M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.92	+0.026%	$445K	$268K	15x	as long as short
Bitget SPCXUSDT	+0.0314%	8h	152.86	−0.013%	$31.3M	$66.8M	75x	as long as short
Aster SPCXUSD1	+0.0317%	8h	152.98	+0.066%	$19.0M	$21.3M	20x	as long as short
Nado SPCX-PERP	+0.0328%	1h	152.76	−0.075%	$599K	$883K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	152.97	+0.059%	$733K	$970K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0404%	1h	152.93	+0.033%	$71K	$1.0M	10x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	152.91	+0.020%	$401K	$540K	20x	as long as short
edgeX SPCXUSDC	+0.0717%	4h	152.88	−0.002%	$1.7M	$894K	20x	as long as short