Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.009%

Price spread now: Arcus against Bitget−0.078%7-day average −0.069% · 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−$35as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Bitget Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.025%+$2 on $10k

Price spread, last 4 days (all we have)−0.005%−$1 · spread now −0.078%, 7d avg −0.069%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.069%, 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	Bitget SPCXUSDT	153.04	0.0064	pay 0.0064% / 8h	5h 56m	$31.7M	$66.1M	75x
Short	Arcus SPCX-USD	152.92	0.0040	get 0.0005% / 1h	56m 09s	$105K	$297K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bitget. 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 BitgetbpFee ArcusbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$4.98
Price spread: −0.078% → −0.069%: −$0.99
Slippage, 4 orders: −$17.51
Fee Bitget: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$39.97
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Arcus: live order book, 7 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 Bitget live order book, 3 min ago	0.65 bp	6.7 bp −$7	8.1 bp −$81	24.1 bp −$2,407	36.0 bp −$18.0K
Sell Arcus live order book, 7 min ago	6.54 bp	9.3 bp −$9	12.4 bp −$124	doesn't fit	doesn't fit

SPCX on 38 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	152.97	−0.042%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	−0.039%	$96.0M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.732%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.89	−0.098%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.27	+0.150%	$8K	$941K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.98	−0.039%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	−0.060%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	−0.072%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USDshort	+0.0040%	1h	152.92	−0.078%	$105K	$297K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	−0.046%	—	$1.2M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0048%	1h	152.95	−0.059%	$1.6M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.96	−0.052%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	−0.065%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.98	−0.039%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.99	−0.033%	$535K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.86	−0.118%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0056%	8h	153.01	−0.020%	$30.8M	$42.9M	100x	as long as short
Bitget SPCXUSDTlong	+0.0064%	8h	153.04	long leg	$31.7M	$66.1M	75x
Paradex SPCX-USD-PERP	+0.0079%	8h	153.00	−0.023%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.87	−0.111%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−0.085%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.020%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	−0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	−0.030%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0170%	1h	153.00	−0.027%	$11K	$189K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0188%	8h	153.02	−0.013%	$39.5M	$168.1M	75x	as long as short
Variational Omni SPCX	+0.0194%	8h	152.98	−0.039%	$6.0M	$3.1M	—	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.03	−0.010%	$408K	$549K	20x	as long as short
Binance SPCXUSDT	+0.0207%	8h	153.01	−0.022%	$252.6M	$1.37B	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.95	−0.059%	$72K	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.96	−0.052%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0219%	1h	152.89	−0.100%	$622K	$834K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0240%	1h	152.97	−0.046%	$142.1M	$119.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.97	−0.046%	$738K	$972K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.98	−0.039%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0409%	8h	153.08	+0.028%	$19.0M	$15.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.29	+0.163%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0798%	4h	152.97	−0.047%	$1.7M	$894K	20x	as long as short