Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.026%

Price spread now: HTX against Arcus+0.020%7-day average +0.060% · 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−$49as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.060%−$6 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now +0.020%, 7d avg +0.060%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.040% cheaper against Arcus than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	152.98	0.0040	pay 0.0005% / 1h	56m 03s	$105K	$297K	5x
Short	HTX SPCX-USDT	153.01	0	get 0.0000% / 8h	6h 56m	$1.3M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$8.46
Price spread: +0.020% → +0.060%: −$4.03
Slippage, 4 orders: −$28.85
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$57.84
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from Arcus: live order book, 12 min ago; HTX: live order book, 3 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, 12 min ago	6.20 bp	10.1 bp −$10	13.5 bp −$135	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	1.96 bp	15.3 bp −$15	25.6 bp −$256	30.0 bp −$3,003	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 −0.0334% / S +0.0532%	1h	152.97	−0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	0.000%	$96.3M	$31.1M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.775%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.026%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.235%	$8K	$950K	10x	as long as short
HTX SPCX-USDTshort	0.0000%	8h	153.01	+0.020%	$1.3M	$1.7M	75x
Aftermath Perps SPCXUSD	+0.0026%	1h	153.01	+0.021%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.94	−0.026%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.92	−0.039%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.791%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USDlong	+0.0040%	1h	152.98	long leg	$105K	$297K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	+0.007%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.98	0.000%	$1.2M	$7.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	−0.007%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.98	0.000%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.99	+0.007%	$534K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.039%	$3.2M	$2.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0086%	8h	153.04	+0.042%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.94	−0.026%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.92	−0.039%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.97	−0.007%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.05	+0.046%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.00	+0.011%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0107%	8h	153.01	+0.020%	$30.8M	$42.8M	100x	as long as short
BloFin SPCX-USDT	+0.0119%	8h	153.04	+0.039%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0140%	1h	153.00	+0.013%	$11K	$189K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0190%	1h	152.98	0.000%	$142.7M	$119.5M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.95	−0.020%	$72K	$1.1M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0209%	8h	153.02	+0.026%	$39.3M	$168.7M	75x	as long as short
Variational Omni SPCX	+0.0222%	8h	152.98	+0.001%	$6.0M	$3.5M	—	as long as short
Binance SPCXUSDT	+0.0238%	8h	153.00	+0.012%	$252.6M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0240%	1h	152.95	−0.017%	$734K	$3.8M	10x	as long as short
Bitget SPCXUSDT	+0.0264%	8h	153.06	+0.052%	$31.7M	$66.5M	75x	as long as short
Nado SPCX-PERP	+0.0266%	1h	152.90	−0.055%	$620K	$847K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.105%	$728K	$986K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.04	+0.039%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0390%	8h	153.09	+0.069%	$19.0M	$18.0M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.04	+0.039%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0618%	4h	153.03	+0.036%	$1.7M	$892K	20x	as long as short