Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0227%/8h= −24.8% APRpaid last 24h −0.024%

Price spread now: Gate against Arcus+0.033%7-day average +0.027% · 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−$38as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.057%−$6 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.033%, 7d avg +0.027%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.057% in total (about -6.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	152.55	0.0227	pay 0.0028% / 1h	47m 28s	$106K	$296K	5x
Short	Gate SPCX_USDT	152.60	0	get 0.0000% / 8h	1h 47m	$96.5M	$30.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.033%Rate

Funding earned: −$47.65
Price spread: +0.033% → +0.027%: $0.53
Slippage, 4 orders: −$19.22
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$85.83
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from Arcus: live order book, 36 min ago; Gate: live order book, 1 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, 36 min ago	5.90 bp	8.1 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.33 bp	10.9 bp −$11	16.3 bp −$163	32.1 bp −$3,210	51.8 bp −$25.9K

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 −0.0335% / S +0.0533%	1h	152.59	+0.029%	$88K	—	20x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.60	+0.033%	$96.5M	$30.8M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+13.083%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.67	+0.079%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.79	+0.157%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.62	+0.046%	$1.3M	$1.7M	75x	as long as short
Bullet SPCX-USD	+0.0020%	1h	152.62	+0.046%	$12K	$189K	10x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.59	+0.025%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.56	+0.007%	$1.6M	$7.1M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.55	0.000%	$2.4M	$7.5M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.081%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.66	+0.072%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.60	+0.033%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.60	+0.033%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.60	+0.033%	$539K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.052%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.60	+0.033%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	152.61	+0.038%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0082%	1h	152.58	+0.020%	$129.8M	$107.4M	20x	as long as short
BloFin SPCX-USDT	+0.0089%	8h	152.64	+0.059%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.54	−0.007%	$175K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.50	−0.033%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.56	+0.007%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.63	+0.052%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.64	+0.058%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0142%	8h	152.63	+0.052%	$30.7M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0183%	8h	152.63	+0.052%	$38.9M	$168.1M	75x	as long as short
Variational Omni SPCX	+0.0191%	8h	152.62	+0.047%	$6.1M	$3.9M	—	as long as short
Nado SPCX-PERP	+0.0204%	1h	152.54	−0.008%	$625K	$875K	20x	as long as short
Binance SPCXUSDT	+0.0208%	8h	152.62	+0.049%	$256.0M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.60	+0.033%	$715K	$3.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.61	+0.039%	$70K	$1.1M	10x	as long as short
Arcus SPCX-USDlong	+0.0227%	1h	152.55	long leg	$106K	$296K	5x
Aster SPCXUSD1	+0.0244%	8h	152.69	+0.094%	$19.0M	$21.5M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	+0.105%	$741K	$947K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.63	+0.052%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0326%	8h	152.64	+0.059%	$31.0M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.69	+0.093%	$402K	$542K	20x	as long as short
edgeX SPCXUSDC	+0.0618%	4h	152.62	+0.047%	$1.7M	$893K	20x	as long as short