Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h +0.008%

Price spread now: Arcus against OKX−0.046%97s7-day average −0.056% · 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−$330.329% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.045%+$4 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.046%, 7d avg −0.056%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 97 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	OKX SPCX-USDT-SWAP	152.61	0.0110	pay 0.0110% / 8h	1h 52m	$39.6M	$166.9M	75x
Short	Arcus SPCX-USD	152.54	0.0040	get 0.0005% / 1h	52m 04s	$105K	$297K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$14.7
Price spread: −0.046% → −0.056%: $1.01
Slippage, 4 orders: −$18.38
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$46.56
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Arcus: live order book, 56 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 OKX live order book, 2 min ago	0.33 bp	5.3 bp −$5	6.2 bp −$62	12.5 bp −$1,248	doesn't fit
Sell Arcus live order book, 56 min ago	6.89 bp	10.8 bp −$11	14.4 bp −$144	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	152.51	−0.062%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0025%	8h	152.61	0.000%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.61	0.000%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.57	−0.026%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.62	+0.007%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.052%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.61	0.000%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.151%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.64	+0.020%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.52	−0.057%	$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	152.48	−0.085%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.57	−0.026%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USDshort	+0.0040%	1h	152.54	−0.046%	$105K	$297K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.55	−0.039%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.56	−0.033%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.56	−0.033%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.53	−0.052%	$530K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.44	−0.111%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0064%	8h	152.60	−0.008%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.59	−0.014%	$408K	$505K	20x	as long as short
Variational Omni SPCX	+0.0073%	8h	152.63	+0.012%	$6.0M	$2.8M	—	as long as short
Lighter SPCX	+0.0080%	1h	152.50	−0.072%	$1.6M	$7.3M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0085%	1h	152.52	−0.059%	$130.1M	$129.0M	20x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.56	−0.034%	$732K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0096%	8h	152.62	+0.005%	$250.1M	$1.36B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.49	−0.079%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.47	−0.092%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.54	−0.046%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.60	−0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.58	−0.017%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAPlong	+0.0110%	8h	152.61	long leg	$39.6M	$166.9M	75x
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.007%	$726K	$932K	10x	as long as short
Nado SPCX-PERP	+0.0208%	1h	152.45	−0.104%	$613K	$801K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.55	−0.039%	$443K	$266K	15x	as long as short
Bullet SPCX-USD	+0.0245%	1h	152.60	−0.004%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0354%	8h	152.72	+0.070%	$18.9M	$25.5M	20x	as long as short
edgeX SPCXUSDC	+0.0371%	4h	152.59	−0.016%	$1.7M	$891K	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.183%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0537%	1h	152.56	−0.033%	$89K	$1.3M	10x	as long as short