Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0101%/8h= −11.0% APRpaid last 24h +0.026%

Price spread now: Arcus against Bybit−0.059%7-day average −0.051% · 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−$32as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Bybit Short on Arcus

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 4 days (all we have)−0.010%−$1 · spread now −0.059%, 7d avg −0.051%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.060%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPCXUSDT	153.00	0.0141	pay 0.0141% / 8h	39m 27s	$30.8M	$42.7M	100x
Short	Arcus SPCX-USD	152.91	0.0040	get 0.0005% / 1h	39m 27s	$106K	$296K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bybit. 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 BybitbpFee ArcusbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$21.11
Price spread: −0.059% → −0.051%: −$0.76
Slippage, 4 orders: −$16.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$53.45
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Arcus: live order book, 39 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 Bybit live order book, 4 min ago	0.33 bp	9.3 bp −$9	12.4 bp −$124	57.3 bp −$5,727	doesn't fit
Sell Arcus live order book, 39 min ago	5.57 bp	7.8 bp −$8	10.7 bp −$107	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 −0.0272% / S +0.0488%	1h	152.96	−0.029%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.96	−0.026%	$96.6M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.753%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.89	−0.072%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.19	+0.124%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.98	−0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.96	−0.029%	$8K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.92	−0.052%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.91	−0.059%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.778%	$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-USDshort	+0.0040%	1h	152.91	−0.059%	$106K	$296K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.94	−0.039%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	−0.039%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.97	−0.020%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.97	−0.020%	$538K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.89	−0.072%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.94	−0.039%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0074%	8h	152.96	−0.026%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0077%	8h	152.97	−0.018%	$101	—	5x	as long as short
Bullet SPCX-USD	+0.0092%	1h	152.97	−0.020%	$11K	$188K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.88	−0.078%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.85	−0.098%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.89	−0.072%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.97	−0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	−0.028%	$89	—	10x	as long as short
Bybit SPCXUSDTlong	+0.0141%	8h	153.00	long leg	$30.8M	$42.7M	100x
Variational Omni SPCX	+0.0177%	8h	152.96	−0.029%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0189%	8h	153.01	+0.007%	$39.0M	$169.4M	75x	as long as short
Extended SPCX-USD	+0.0192%	1h	152.97	−0.020%	$734K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0193%	8h	152.98	−0.013%	$253.9M	$1.38B	75x	as long as short
edgeX SPCXUSDC	+0.0248%	4h	152.95	−0.034%	$1.7M	$892K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0251%	1h	152.93	−0.046%	$143.5M	$118.4M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.96	−0.026%	$446K	$269K	15x	as long as short
Nado SPCX-PERP	+0.0270%	1h	152.86	−0.094%	$602K	$884K	20x	as long as short
Aster SPCXUSD1	+0.0278%	8h	153.04	+0.027%	$19.0M	$21.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	−0.020%	$733K	$970K	10x	as long as short
Bitget SPCXUSDT	+0.0305%	8h	153.00	0.000%	$31.3M	$67.2M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	153.03	+0.017%	$403K	$538K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0470%	1h	152.96	−0.026%	$71K	$1.0M	10x	as long as short