Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.021%

Price spread now: Arcus against OKX−0.039%47s7-day average −0.057% · 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—prices read too far apart to compare

costs, in and out, $10k−$290.285% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.039%, 7d avg −0.057%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPCX-USDT-SWAP	152.69	0.0181	pay 0.0181% / 8h	2h 11m	$39.0M	$168.2M	75x
Short	Arcus SPCX-USD	152.63	0.0293	get 0.0037% / 1h	11m 47s	$106K	$296K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now −0.039%Rate

Funding earned: $23.52
Price spread: −0.039% → −0.057%: $1.81
Slippage, 4 orders: −$14.04
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$3.21
Costs to cover: 0.285%
Break-even: 8.0 days

Slippage from OKX: live order book, 2 min ago; Arcus: live order book, 12 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 OKX live order book, 2 min ago	0.33 bp	5.9 bp −$6	7.9 bp −$79	22.4 bp −$2,238	doesn't fit
Sell Arcus live order book, 12 min ago	5.90 bp	8.1 bp −$8	12.0 bp −$120	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 −0.0271% / S +0.0488%	1h	152.63	−0.036%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.67	−0.013%	$96.5M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.978%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.71	+0.013%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.91	+0.144%	$8K	$990K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.66	−0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.59	−0.068%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.62	−0.046%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.986%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.68	−0.007%	—	$1.1M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps SPCX-USD	+0.0050%	1h	152.63	−0.039%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.68	−0.007%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.68	−0.007%	$540K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.54	−0.098%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0057%	1h	152.67	−0.013%	$1.2M	$7.6M	10x	as long as short
Lighter SPCX	+0.0064%	1h	152.63	−0.039%	$1.6M	$7.3M	20x	as long as short
BloFin SPCX-USDT	+0.0089%	8h	152.72	+0.020%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0099%	8h	152.70	+0.008%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.58	−0.072%	$175K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.53	−0.105%	$13.0M	$5.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.71	+0.013%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.70	+0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.71	+0.012%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0153%	8h	152.71	+0.013%	$30.7M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAPlong	+0.0181%	8h	152.69	long leg	$39.0M	$168.2M	75x
Variational Omni SPCX	+0.0183%	8h	152.65	−0.027%	$6.1M	$4.3M	—	as long as short
tradeXYZ xyz:SPCX	+0.0185%	1h	152.63	−0.039%	$129.9M	$107.3M	20x	as long as short
Bullet SPCX-USD	+0.0206%	1h	152.69	−0.003%	$11K	$190K	10x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.68	−0.006%	$715K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0211%	8h	152.69	0.000%	$256.3M	$1.38B	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.71	+0.013%	$741K	$947K	10x	as long as short
Aster SPCXUSD1	+0.0239%	8h	152.74	+0.030%	$19.0M	$21.3M	20x	as long as short
Phoenix SPCX	+0.0262%	1h	152.68	−0.007%	$371K	$191K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0274%	1h	152.66	−0.020%	$71K	$1.1M	10x	as long as short
Arcus SPCX-USDshort	+0.0293%	1h	152.63	−0.039%	$106K	$296K	5x
Nado SPCX-PERP	+0.0306%	1h	152.54	−0.100%	$625K	$878K	20x	as long as short
edgeX SPCXUSDC	+0.0331%	4h	152.66	−0.017%	$1.7M	$894K	20x	as long as short
Bitget SPCXUSDT	+0.0341%	8h	152.69	0.000%	$31.1M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0462%	1h	152.73	+0.028%	$393K	$545K	20x	as long as short