Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h −0.002%

Price spread now: Arcus against KuCoin+0.026%7-day average −0.013% · 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−$44as in the Price arb table

costs, in and out, $10k−$470.475% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.026%, 7d avg −0.013%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.039% dearer against KuCoin than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.013%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 4 days (−0.002% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPCXUSDTM	152.76	0.0100	pay 0.0100% / 8h	3h 40m	$13.0M	$5.5M	20x
Short	Arcus SPCX-USD	152.80	0.0040	get 0.0005% / 1h	40m 25s	$105K	$297K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. 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 KuCoinbpFee ArcusbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$12.54
Price spread: +0.026% → −0.013%: $3.89
Slippage, 4 orders: −$30.97
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$56.12
Costs to cover: 0.475%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Arcus: live order book, 13 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 KuCoin live order book, 3 min ago	0.65 bp	10.5 bp −$10	41.1 bp −$411	doesn't fit	doesn't fit
Sell Arcus live order book, 13 min ago	6.54 bp	9.9 bp −$10	12.5 bp −$125	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 −0.0214% / S +0.0456%	1h	152.82	+0.043%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.82	+0.039%	$96.2M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.83	+0.046%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.941%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	+0.079%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.10	+0.223%	$8K	$929K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.92	+0.105%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0020%	8h	152.84	+0.052%	$30.7M	$42.6M	100x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.75	−0.007%	$2.5M	$7.3M	20x	as long as short
Aftermath Perps SPCXUSD	+0.0032%	1h	152.86	+0.067%	$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
BloFin SPCX-USDT	+0.0037%	8h	152.88	+0.079%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USDshort	+0.0040%	1h	152.80	+0.026%	$105K	$297K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.76	0.000%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.83	+0.046%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.85	+0.059%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.74	−0.013%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.80	+0.026%	$1.2M	$5.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0057%	1h	152.78	+0.013%	$495K	$1.2M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.73	−0.020%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	152.76	long leg	$13.0M	$5.5M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.77	+0.007%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.86	+0.065%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.85	+0.058%	$89	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0106%	8h	152.84	+0.053%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0142%	8h	152.85	+0.058%	$6.0M	$2.9M	—	as long as short
Lighter SPCX	+0.0152%	1h	152.78	+0.013%	$1.6M	$7.3M	20x	as long as short
Binance SPCXUSDT	+0.0157%	8h	152.81	+0.033%	$248.4M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0160%	8h	152.83	+0.046%	$39.6M	$166.0M	75x	as long as short
Extended SPCX-USD	+0.0160%	1h	152.79	+0.017%	$738K	$3.8M	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.84	+0.056%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	+0.092%	$741K	$939K	10x	as long as short
Nado SPCX-PERP	+0.0254%	1h	152.69	−0.044%	$615K	$810K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.85	+0.059%	$444K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0282%	1h	152.77	+0.007%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0285%	1h	152.75	−0.007%	$141.2M	$119.3M	20x	as long as short
Aster SPCXUSD1	+0.0432%	8h	152.92	+0.105%	$19.0M	$23.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.314%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0601%	1h	152.82	+0.039%	$84K	$1.2M	10x	as long as short
edgeX SPCXUSDC	+0.0694%	4h	152.87	+0.072%	$1.7M	$891K	20x	as long as short