Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h +0.008%

Price spread now: Arcus against Binance−0.033%56s7-day average −0.070% · 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−$320.323% of the position

Long on Binance Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.033%, 7d avg −0.070%

Together, before fees+0.110%+$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.037% dearer against Binance than usual: you sell high and buy low (spread −0.033% now, against its 7-day average of −0.070%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours. The two prices were read 56 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	Binance SPCXUSDT	152.37	0.0137	pay 0.0137% / 8h	1h 15m	$251.9M	$1.36B	75x
Short	Arcus SPCX-USD	152.32	0.0040	get 0.0005% / 1h	15m 48s	$103K	$300K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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 BinancebpFee ArcusbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$20.34
Price spread: −0.033% → −0.070%: $3.72
Slippage, 4 orders: −$17.78
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$48.89
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Arcus: live order book, 28 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 Binance live order book, 13 min ago	0.33 bp	5.3 bp −$5	6.0 bp −$60	10.7 bp −$1,068	22.6 bp −$11.3K
Sell Arcus live order book, 28 min ago	6.89 bp	10.3 bp −$10	13.9 bp −$139	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 −0.0187% / S +0.0435%	1h	152.29	−0.049%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.34	−0.020%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.38	+0.007%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.229%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	+0.007%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.223%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.43	+0.039%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0006%	8h	152.36	−0.007%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0014%	8h	152.41	+0.026%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.34	−0.018%	$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 RH SPCX	+0.0032%	1h	152.29	−0.053%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.35	−0.013%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USDshort	+0.0040%	1h	152.32	−0.033%	$103K	$300K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.29	−0.053%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.33	−0.026%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.36	−0.007%	$530K	$379K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.23	−0.092%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.40	+0.018%	$392K	$505K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.29	−0.053%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.25	−0.079%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	0.000%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.39	+0.013%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.37	+0.002%	$88	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0120%	1h	152.28	−0.059%	$130.0M	$129.1M	20x	as long as short
Variational Omni SPCX	+0.0122%	8h	152.35	−0.014%	$5.9M	$2.8M	—	as long as short
Paradex SPCX-USD-PERP	+0.0127%	8h	152.37	+0.002%	$101	—	5x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.34	−0.022%	$725K	$3.6M	10x	as long as short
Binance SPCXUSDTlong	+0.0137%	8h	152.37	long leg	$251.9M	$1.36B	75x
Polymarket Perps SPCX-USD	+0.0141%	1h	152.33	−0.026%	$487K	$1.2M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0144%	8h	152.37	0.000%	$39.5M	$166.6M	75x	as long as short
Lighter SPCX	+0.0152%	1h	152.31	−0.039%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.007%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.39	+0.013%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0266%	1h	152.23	−0.090%	$626K	$807K	20x	as long as short
Bullet SPCX-USD	+0.0303%	1h	152.37	0.000%	$11K	$191K	10x	as long as short
Aster SPCXUSD1	+0.0401%	8h	152.49	+0.078%	$18.9M	$29.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.289%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0608%	4h	152.38	+0.006%	$1.7M	$892K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0670%	1h	152.33	−0.026%	$90K	$1.3M	10x	as long as short