Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h +0.001%

Price spread now: KuCoin against Bullet−0.058%7-day average −0.061% · 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−$37as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on Bullet Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.053%−$5 on $10k

Price spread, last 4 days (all we have)−0.164%−$16 · spread now −0.058%, 7d avg −0.061%

Together, before fees−0.217%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, 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	Bullet SPCX-USD	153.10	0.0118	pay 0.0015% / 1h	10m 59s	$11K	$191K	10x
Short	KuCoin SPCXUSDTM	153.01	0.0100	get 0.0100% / 8h	4h 10m	$13.0M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bullet. 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 BulletbpFee KuCoinbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$3.72
Price spread: −0.058% → −0.061%: $0.3
Slippage, 4 orders: −$17.78
Fee Bullet: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$41.19
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from Bullet: live order book, 48 min ago; KuCoin: live order book, 8 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 Bullet live order book, 48 min ago	0.65 bp	5.7 bp −$6	20.2 bp −$202	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	0.98 bp	14.8 bp −$15	40.2 bp −$402	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 −0.0253% / S +0.0486%	1h	153.04	−0.035%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.11	+0.008%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.07	−0.018%	$96.4M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.13	+0.021%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.693%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.02	−0.051%	$302K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.37	+0.178%	$7K	$940K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.12	+0.014%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.04	−0.040%	$8K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0023%	8h	153.10	+0.001%	$1.9M	$1.4M	75x	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	153.03	−0.045%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.00	−0.064%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.058%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.06	−0.025%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.06	−0.025%	$1.2M	$6.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.04	−0.038%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	−0.032%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.09	−0.005%	$533K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.96	−0.090%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	153.11	+0.005%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.98	−0.077%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	153.01	−0.058%	$13.0M	$5.4M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.058%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.09	−0.005%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.08	−0.012%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0110%	1h	153.05	−0.032%	$141.4M	$119.0M	20x	as long as short
Bullet SPCX-USDlong	+0.0118%	1h	153.10	long leg	$11K	$191K	10x
Variational Omni SPCX	+0.0129%	8h	153.07	−0.021%	$6.0M	$3.0M	—	as long as short
Nado SPCX-PERP	+0.0135%	1h	152.99	−0.069%	$617K	$818K	20x	as long as short
Binance SPCXUSDT	+0.0143%	8h	153.10	+0.001%	$248.3M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	153.06	−0.024%	$734K	$3.8M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0146%	8h	153.12	+0.014%	$39.5M	$166.7M	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.12	+0.013%	$410K	$530K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	153.03	−0.045%	$78K	$1.2M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.10	+0.001%	$738K	$926K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.09	−0.005%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0406%	8h	153.17	+0.048%	$19.0M	$21.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.50	+0.262%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0733%	4h	153.08	−0.013%	$1.7M	$894K	20x	as long as short