Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h +0.004%

Price spread now: Orderly against Arcus+0.020%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 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	153.03	0.0194	pay 0.0024% / 1h	0m 46s	$105K	$297K	5x
Short	Orderly PERP_SPCX_USDC_mythos	153.06	0.0100	get 0.0100% / 8h	7h 00m	$15K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.020%Rate

Funding earned: −$19.68
Price spread: +0.020% → 0.000%: $1.96
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$28.22
Costs to cover: 0.105%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 8 min ago; Orderly: no order-book sample. Net counts fees only.

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, 8 min ago	6.20 bp	10.1 bp −$10	13.5 bp −$135	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0331% / S +0.0530%	1h	153.03	−0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.01	−0.013%	$96.3M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.739%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	−0.052%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.203%	$8K	$951K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.07	+0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	153.01	−0.011%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.99	−0.026%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.97	−0.039%	$2.5M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.758%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	153.05	+0.013%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.03	0.000%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.03	0.000%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.05	+0.013%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.97	−0.039%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.03	0.000%	$1.2M	$7.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0089%	8h	153.04	+0.009%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.93	−0.065%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	−0.046%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.94	−0.059%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythosshort	+0.0100%	8h	153.06	+0.020%	$15K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	153.05	+0.012%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0121%	8h	153.06	+0.020%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDT	+0.0124%	8h	153.07	+0.026%	$30.8M	$42.8M	100x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	153.00	−0.020%	$72K	$1.1M	10x	as long as short
Arcus SPCX-USDlong	+0.0194%	1h	153.03	long leg	$105K	$297K	5x
tradeXYZ xyz:SPCX	+0.0202%	1h	153.02	−0.007%	$142.8M	$119.5M	20x	as long as short
Bullet SPCX-USD	+0.0204%	1h	153.05	+0.013%	$11K	$189K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0213%	8h	153.05	+0.013%	$39.3M	$168.7M	75x	as long as short
Variational Omni SPCX	+0.0226%	8h	153.02	−0.008%	$6.0M	$3.5M	—	as long as short
Nado SPCX-PERP	+0.0233%	1h	152.97	−0.036%	$620K	$849K	20x	as long as short
Extended SPCX-USD	+0.0240%	1h	153.00	−0.020%	$734K	$3.9M	10x	as long as short
Binance SPCXUSDT	+0.0241%	8h	153.04	+0.008%	$252.6M	$1.38B	75x	as long as short
Bitget SPCXUSDT	+0.0281%	8h	153.08	+0.033%	$31.7M	$66.6M	75x	as long as short
Phoenix SPCX	+0.0314%	1h	153.06	+0.020%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.072%	$728K	$986K	10x	as long as short
Aster SPCXUSD1	+0.0390%	8h	153.11	+0.049%	$19.0M	$18.1M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.09	+0.037%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0877%	4h	153.03	+0.003%	$1.7M	$894K	20x	as long as short