Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h −0.002%

Price spread now: Arcus against KuCoin−0.020%7-day average −0.010% · 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−$410.411% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.020%, 7d avg −0.010%

Together, before fees−0.063%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPCXUSDTM	152.10	0.0100	pay 0.0100% / 8h	7h 23m	$12.9M	$5.7M	20x
Short	Arcus SPCX-USD	152.07	0.0040	get 0.0005% / 1h	23m 58s	$102K	$293K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. 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 KuCoinbpFee ArcusbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$12.54
Price spread: −0.020% → −0.010%: −$0.99
Slippage, 4 orders: −$24.58
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$54.61
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Arcus: live order book, 10 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 KuCoin live order book, 5 min ago	0.99 bp	10.9 bp −$11	38.7 bp −$387	doesn't fit	doesn't fit
Sell Arcus live order book, 10 min ago	5.26 bp	7.5 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit

SPCX on 38 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 −0.0187% / S +0.0435%	1h	152.09	−0.003%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0021%	8h	152.09	−0.007%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.22	+0.079%	$30.4M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.17	+0.046%	$96.2M	$32.4M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.26	+0.105%	$31.0M	$66.9M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.12	+0.013%	$299K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.29	+0.125%	$8K	$849K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.20	+0.066%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	151.96	−0.095%	$7K	$7K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.17	+0.046%	$1.6M	$7.4M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.14	+0.026%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.15	+0.033%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USDshort	+0.0040%	1h	152.07	−0.020%	$102K	$293K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.12	+0.013%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.13	+0.020%	$129.6M	$129.6M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.06	−0.026%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.16	+0.039%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.17	+0.046%	$530K	$364K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	151.96	−0.092%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	152.14	+0.027%	$100	—	5x	as long as short
Variational Omni SPCX	+0.0077%	8h	151.99	−0.075%	$5.9M	$2.8M	—	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0079%	1h	152.21	+0.072%	$85K	$1.4M	10x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.17	+0.045%	$725K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0099%	8h	152.21	+0.072%	$254.4M	$1.37B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.04	−0.039%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	152.10	long leg	$12.9M	$5.7M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.10	0.000%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.19	+0.059%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.14	+0.027%	$88	—	10x	as long as short
Nado SPCX-PERP	+0.0111%	1h	152.06	−0.027%	$635K	$812K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0114%	8h	152.22	+0.079%	$39.2M	$167.9M	75x	as long as short
Bullet SPCX-USD	+0.0134%	1h	152.21	+0.071%	$10K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.14	+0.029%	$380K	$507K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.00	−0.066%	$446K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.03	−0.046%	$693K	$997K	10x	as long as short
Aster SPCXUSD1	+0.0382%	8h	152.28	+0.118%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.270%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0607%	4h	152.01	−0.056%	$1.7M	$889K	20x	as long as short