Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.013%

Price spread now: Bybit against Arcus+0.059%7-day average +0.051% · 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−$35as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Arcus Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.049%−$5 on $10k

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

Together, before fees−0.039%−$4 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: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	152.54	0.0040	pay 0.0005% / 1h	48m 27s	$105K	$297K	5x
Short	Bybit SPCXUSDT	152.63	0	get 0.0000% / 8h	1h 48m	$30.6M	$42.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$8.46
Price spread: +0.059% → +0.051%: $0.84
Slippage, 4 orders: −$20.48
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$43.6
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from Arcus: live order book, 60 min ago; Bybit: live order book, 5 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, 60 min ago	6.89 bp	10.8 bp −$11	13.7 bp −$137	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.33 bp	7.1 bp −$7	9.7 bp −$97	37.7 bp −$3,770	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	152.53	−0.010%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0021%	8h	152.64	+0.066%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDTshort	0.0000%	8h	152.63	+0.059%	$30.6M	$42.7M	100x
Gate SPCX_USDT	0.0000%	8h	152.60	+0.039%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.63	+0.059%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.103%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.67	+0.085%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.197%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.70	+0.105%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.52	−0.012%	$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	152.55	+0.007%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.57	+0.020%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USDlong	+0.0040%	1h	152.54	long leg	$105K	$297K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.59	+0.033%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.59	+0.033%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.58	+0.026%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.55	+0.007%	$531K	$384K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.046%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0071%	8h	152.64	+0.062%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.66	+0.079%	$408K	$498K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0073%	1h	152.53	−0.007%	$130.1M	$129.0M	20x	as long as short
Variational Omni SPCX	+0.0079%	8h	152.62	+0.052%	$6.0M	$2.8M	—	as long as short
Extended SPCX-USD	+0.0096%	1h	152.61	+0.045%	$732K	$4.6M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.53	−0.007%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.50	−0.026%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.63	+0.059%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.63	+0.059%	$15K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0100%	8h	152.61	+0.046%	$250.4M	$1.36B	75x	as long as short
Lighter SPCX	+0.0104%	1h	152.57	+0.020%	$1.6M	$7.3M	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.62	+0.056%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0113%	8h	152.63	+0.059%	$39.6M	$166.9M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.052%	$726K	$932K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.62	+0.052%	$444K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0215%	1h	152.45	−0.058%	$613K	$801K	20x	as long as short
Bullet SPCX-USD	+0.0246%	1h	152.62	+0.053%	$11K	$191K	10x	as long as short
Aster SPCXUSD1	+0.0359%	8h	152.75	+0.138%	$18.9M	$25.9M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0406%	1h	152.58	+0.026%	$89K	$1.3M	10x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.229%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0570%	4h	152.58	+0.024%	$1.7M	$892K	20x	as long as short