Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.009%

Price spread now: Bitget against Arcus+0.085%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Arcus Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.085%, 7d avg +0.067%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.067%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	152.71	0.0040	pay 0.0005% / 1h	6m 36s	$103K	$292K	5x
Short	Bitget SPCXUSDT	152.84	0	get 0.0000% / 8h	5h 06m	$31.1M	$66.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Arcus. 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 ArcusbpFee BitgetbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$8.46
Price spread: +0.085% → +0.067%: $1.78
Slippage, 4 orders: −$12.39
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$35.57
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from Arcus: live order book, 40 min ago; Bitget: live order book, 5 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 Arcus live order book, 40 min ago	5.24 bp	7.5 bp −$7	12.0 bp −$120	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.33 bp	6.6 bp −$7	9.1 bp −$91	24.0 bp −$2,403	29.7 bp −$14.8K

SPCX on 38 exchanges

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	152.69	−0.016%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0078%	8h	152.76	+0.033%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.79	+0.052%	$30.1M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.77	+0.039%	$96.3M	$33.0M	100x	as long as short
Bitget SPCXUSDTshort	0.0000%	8h	152.84	+0.085%	$31.1M	$66.8M	75x
StandX SPCX-USD	0.0000%	1h	152.72	+0.007%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.91	+0.131%	$8K	$814K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.70	−0.007%	$43K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.81	+0.065%	$1.3M	$1.7M	75x	as long as short
Variational Omni SPCX	+0.0002%	8h	152.65	−0.042%	$5.9M	$2.7M	—	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0021%	1h	152.61	−0.065%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0030%	1h	152.76	+0.033%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.73	+0.013%	$1.6M	$7.5M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.70	−0.007%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.046%	$9K	$28K	5.5x	as long as short
Extended SPCX-USD	+0.0040%	1h	152.74	+0.018%	$701K	$5.3M	10x	as long as short
Arcus SPCX-USDlong	+0.0040%	1h	152.71	long leg	$103K	$292K	5x
edgeX SPCXUSDC	+0.0041%	4h	152.70	−0.006%	$1.7M	$889K	20x	as long as short
Binance SPCXUSDT	+0.0043%	8h	152.79	+0.052%	$252.1M	$1.38B	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.75	+0.026%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.71	0.000%	$128.4M	$129.7M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.73	+0.013%	$1.7M	$56K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.74	+0.020%	$533K	$376K	50x	as long as short
Paradex SPCX-USD-PERP	+0.0050%	8h	152.75	+0.029%	$101	—	5x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.59	−0.079%	$3.1M	$2.1M	10x	as long as short
RISEx SPCX/USDC	+0.0051%	1h	152.80	+0.059%	$351K	$488K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0079%	8h	152.82	+0.072%	$39.7M	$168.2M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0096%	1h	152.77	+0.039%	$487K	$1.1M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.71	0.000%	$169K	$114K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.66	−0.033%	$13.0M	$6.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.78	+0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.76	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.73	+0.014%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0104%	1h	152.79	+0.050%	$11K	$191K	10x	as long as short
Nado SPCX-PERP	+0.0116%	1h	152.75	+0.026%	$633K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0136%	1h	152.70	−0.007%	$735K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.71	0.000%	$450K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	152.93	+0.145%	$19.0M	$30.6M	20x	as long as short