Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h −0.008%

Price spread now: Binance against Arcus+0.046%7-day average +0.071% · 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−$34as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.369%+$37 · spread now +0.046%, 7d avg +0.071%

Together, before fees+0.327%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.025% cheaper against Arcus than usual: you would sell low and buy high (spread +0.046% now, against its 7-day average of +0.071%). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	152.94	0.0040	pay 0.0005% / 1h	28m 39s	$105K	$297K	5x
Short	Binance SPCXUSDT	153.01	0.0187	get 0.0187% / 8h	5h 28m	$252.4M	$1.37B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now +0.046%Rate

Funding earned: $30.79
Price spread: +0.046% → +0.071%: −$2.52
Slippage, 4 orders: −$16.51
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$2.74
Costs to cover: 0.310%
Break-even: 7.6 days

Slippage from Arcus: live order book, 35 min ago; Binance: live order book, 15 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 Arcus live order book, 35 min ago	6.54 bp	11.0 bp −$11	15.5 bp −$155	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.33 bp	5.3 bp −$5	5.8 bp −$58	10.7 bp −$1,070	20.9 bp −$10.5K

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 −0.0333% / S +0.0531%	1h	152.99	+0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	+0.026%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.04	+0.065%	$31.7M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.806%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.020%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.22	+0.183%	$8K	$939K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.03	+0.059%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.97	+0.020%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.94	0.000%	$2.5M	$7.2M	20x	as long as short
Bybit SPCXUSDT	+0.0033%	8h	153.01	+0.046%	$30.8M	$42.8M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0040%	1h	152.97	+0.020%	$1.6M	$7.2M	20x	as long as short
Arcus SPCX-USDlong	+0.0040%	1h	152.94	long leg	$105K	$297K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	+0.033%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.00	+0.039%	$1.2M	$6.5M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.98	+0.026%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	+0.033%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.98	+0.026%	$534K	$401K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.88	−0.039%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0067%	8h	153.02	+0.052%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0074%	8h	153.02	+0.054%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	−0.020%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.89	−0.033%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.007%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	+0.059%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.01	+0.047%	$89	—	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	152.96	+0.013%	$73K	$1.2M	10x	as long as short
Bullet SPCX-USD	+0.0153%	1h	153.02	+0.053%	$11K	$190K	10x	as long as short
Variational Omni SPCX	+0.0172%	8h	152.99	+0.035%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0178%	8h	153.01	+0.046%	$39.5M	$167.6M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.97	+0.018%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDTshort	+0.0187%	8h	153.01	+0.046%	$252.4M	$1.37B	75x
tradeXYZ xyz:SPCX	+0.0189%	1h	152.98	+0.026%	$142.1M	$119.4M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.04	+0.063%	$408K	$549K	20x	as long as short
Nado SPCX-PERP	+0.0207%	1h	152.91	−0.018%	$622K	$831K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	+0.046%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.02	+0.052%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.10	+0.105%	$19.0M	$17.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.222%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0946%	4h	153.02	+0.049%	$1.7M	$893K	20x	as long as short