Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h +0.008%

Price spread now: Arcus against Paradex−0.043%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Arcus is 0.043% cheaper against Paradex than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SPCX-USD-PERP	152.47	0.0061	pay 0.0061% / 8h	2h 33m	$101	—	5x
Short	Arcus SPCX-USD	152.40	0.0040	get 0.0005% / 1h	33m 52s	$105K	$297K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Paradex. 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 ParadexbpFee ArcusbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$4.41
Price spread: −0.043% → 0.000%: −$4.33
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$17.25
Costs to cover: 0.085%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Arcus: live order book, 15 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Arcus live order book, 15 min ago	6.89 bp	10.8 bp −$11	14.4 bp −$144	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0187% / S +0.0435%	1h	152.34	−0.079%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.45	−0.011%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.41	−0.037%	$96.0M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.47	+0.003%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.155%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.58	+0.075%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.73	+0.173%	$8K	$910K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.53	+0.042%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0002%	8h	152.54	+0.048%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	152.41	−0.036%	$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 SPCX	+0.0032%	1h	152.40	−0.043%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.37	−0.063%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USDshort	+0.0040%	1h	152.40	−0.043%	$105K	$297K	5x
QFEX SPCX-USD	+0.0043%	1h	152.46	−0.004%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.47	+0.003%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.34	−0.083%	$130.8M	$128.6M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.42	−0.030%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.42	−0.030%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.47	+0.003%	$531K	$387K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.29	−0.115%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERPlong	+0.0061%	8h	152.47	long leg	$101	—	5x
Pacifica SPCX	+0.0100%	1h	152.35	−0.076%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.37	−0.063%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.011%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.48	+0.009%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.45	−0.010%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0115%	8h	152.49	+0.017%	$6.0M	$2.8M	—	as long as short
Extended SPCX-USD	+0.0120%	1h	152.39	−0.050%	$731K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0122%	8h	152.44	−0.017%	$250.5M	$1.36B	75x	as long as short
Nado SPCX-PERP	+0.0125%	1h	152.38	−0.056%	$614K	$802K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0129%	8h	152.43	−0.024%	$39.3M	$166.2M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.42	−0.030%	$87K	$1.3M	10x	as long as short
Bullet SPCX-USD	+0.0160%	1h	152.45	−0.011%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.50	+0.022%	$408K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.017%	$739K	$923K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.39	−0.050%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0380%	8h	152.56	+0.064%	$18.9M	$24.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.75	+0.186%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0464%	4h	152.49	+0.019%	$1.7M	$892K	20x	as long as short