Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.002%

Price spread now: KuCoin against Arcus+0.020%7-day average +0.010% · 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−$40as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.020%, 7d avg +0.010%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$2 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	15m 47s	$103K	$295K	5x
Short	KuCoin SPCXUSDTM	152.57	0.0100	get 0.0100% / 8h	6h 15m	$13.0M	$6.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.020%Rate

Funding earned: $12.54
Price spread: +0.020% → +0.010%: $1.01
Slippage, 4 orders: −$24.83
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$27.78
Costs to cover: 0.413%
Break-even: 22.5 days

Slippage from Arcus: live order book, 35 min ago; KuCoin: live order book, 6 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	5.24 bp	7.5 bp −$7	11.9 bp −$119	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	0.98 bp	9.1 bp −$9	31.1 bp −$311	doesn't fit	doesn't fit

SPCX on 38 exchanges

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	152.59	+0.030%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0059%	8h	152.58	+0.026%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.68	+0.092%	$30.3M	$43.4M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.64	+0.066%	$96.1M	$32.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.70	+0.105%	$31.0M	$66.9M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.58	+0.026%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.89	+0.229%	$8K	$827K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.67	+0.085%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.58	+0.029%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0031%	1h	152.60	+0.039%	$1.2M	$5.4M	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.60	+0.039%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	+0.020%	$2.5M	$7.3M	20x	as long as short
Variational Omni SPCX	+0.0034%	8h	152.63	+0.060%	$5.9M	$2.7M	—	as long as short
Arcus SPCX-USDlong	+0.0040%	1h	152.54	long leg	$103K	$295K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.57	+0.020%	—	$1.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.58	+0.026%	$128.8M	$129.1M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.62	+0.052%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.62	+0.052%	$1.7M	$102K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	+0.052%	$532K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.46	−0.052%	$3.1M	$2.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0051%	8h	152.63	+0.059%	$101	—	5x	as long as short
Binance SPCXUSDT	+0.0062%	8h	152.65	+0.072%	$252.1M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0064%	1h	152.63	+0.061%	$726K	$5.4M	10x	as long as short
RISEx SPCX/USDC	+0.0068%	1h	152.63	+0.057%	$351K	$518K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0091%	8h	152.67	+0.085%	$39.4M	$168.5M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.58	+0.026%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.57	+0.020%	$13.0M	$6.0M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.46	−0.052%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.63	+0.059%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.59	+0.031%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0106%	1h	152.67	+0.085%	$11K	$191K	10x	as long as short
Nado SPCX-PERP	+0.0121%	1h	152.50	−0.025%	$633K	$805K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0143%	1h	152.60	+0.039%	$50K	$1.4M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0184%	1h	152.48	−0.039%	$687K	$1.0M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.59	+0.033%	$448K	$271K	15x	as long as short
edgeX SPCXUSDC	+0.0287%	4h	152.55	+0.005%	$1.7M	$890K	20x	as long as short
Aster SPCXUSD1	+0.0385%	8h	152.79	+0.164%	$19.0M	$30.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	+0.157%	$9K	$28K	5.5x	as long as short