Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.011%

Price spread now: Phemex against Arcus−0.013%7-day average −0.005% · 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−$43as in the Price arb table

costs, in and out, $10k−$420.420% of the position

Long on Arcus Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.082%−$8 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now −0.013%, 7d avg −0.005%

Together, before fees−0.085%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.082%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	152.81	0.0040	pay 0.0005% / 1h	14m 35s	$105K	$297K	5x
Short	Phemex SPCXUSDT	152.79	0.0050	get 0.0050% / 8h	14m 35s	$534K	$411K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.013%Rate

Funding earned: $2.04
Price spread: −0.013% → −0.005%: −$0.82
Slippage, 4 orders: −$25.46
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$40.74
Costs to cover: 0.420%
Break-even: 146.7 days

Slippage from Arcus: live order book, 64 min ago; Phemex: live order book, 63 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, 64 min ago	5.57 bp	7.8 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell Phemex live order book, 63 min ago	1.64 bp	12.8 bp −$13	doesn't fit	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 −0.0280% / S +0.0493%	1h	152.82	+0.010%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.85	+0.026%	$96.6M	$31.5M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.895%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.81	0.000%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.07	+0.170%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.85	+0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.83	+0.013%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.80	−0.007%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.906%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USDlong	+0.0040%	1h	152.81	long leg	$105K	$297K	5x

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	152.83	+0.013%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.83	+0.013%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.85	+0.026%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDTshort	+0.0050%	8h	152.79	−0.013%	$534K	$411K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.75	−0.039%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.84	+0.020%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDT	+0.0079%	8h	152.88	+0.046%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0095%	8h	152.87	+0.041%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.76	−0.033%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.75	−0.039%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.96	+0.098%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.85	+0.026%	$15K	$7K	10x	as long as short
Lighter SPCX	+0.0104%	1h	152.85	+0.026%	$1.6M	$7.5M	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.88	+0.048%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0153%	8h	152.88	+0.046%	$30.7M	$42.9M	100x	as long as short
Bullet SPCX-USD	+0.0153%	1h	152.86	+0.033%	$12K	$188K	10x	as long as short
Variational Omni SPCX	+0.0178%	8h	152.85	+0.028%	$6.0M	$3.4M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0195%	8h	152.89	+0.052%	$38.9M	$169.4M	75x	as long as short
Binance SPCXUSDT	+0.0200%	8h	152.89	+0.051%	$252.7M	$1.39B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.85	+0.027%	$734K	$3.6M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0251%	1h	152.83	+0.013%	$143.4M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.90	+0.059%	$445K	$269K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.105%	$733K	$970K	10x	as long as short
Nado SPCX-PERP	+0.0297%	1h	152.75	−0.040%	$601K	$885K	20x	as long as short
Aster SPCXUSD1	+0.0299%	8h	152.94	+0.087%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0312%	8h	152.89	+0.052%	$31.2M	$67.1M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.92	+0.073%	$403K	$539K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0536%	1h	152.87	+0.039%	$71K	$1.0M	10x	as long as short
edgeX SPCXUSDC	+0.0970%	4h	152.89	+0.054%	$1.7M	$893K	20x	as long as short