Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h −0.011%

Price spread now: KuCoin against Bullet−0.059%7-day average −0.061% · 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−$39as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Bullet Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now −0.059%, 7d avg −0.061%

Together, before fees−0.168%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.056%, 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	Bullet SPCX-USD	152.69	0.0075	pay 0.0009% / 1h	43m 25s	$12K	$191K	10x
Short	KuCoin SPCXUSDTM	152.60	0.0100	get 0.0100% / 8h	5h 43m	$13.0M	$6.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bullet. 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 BulletbpFee KuCoinbpOrdersPrice spread, now −0.059%Rate

Funding earned: $5.2
Price spread: −0.059% → −0.061%: $0.25
Slippage, 4 orders: −$19.55
Fee Bullet: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$34.1
Costs to cover: 0.396%
Break-even: 52.9 days

Slippage from Bullet: live order book, 4 min ago; KuCoin: live order book, 3 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 Bullet live order book, 4 min ago	0.33 bp	8.0 bp −$8	20.7 bp −$207	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.98 bp	12.9 bp −$13	30.9 bp −$309	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	152.56	−0.082%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0058%	8h	152.66	−0.020%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.71	+0.013%	$30.1M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.65	−0.026%	$96.3M	$32.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.70	+0.007%	$31.0M	$67.0M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.67	−0.013%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.89	+0.131%	$8K	$817K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.59	−0.065%	$44K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.71	+0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.61	−0.051%	$7K	$7K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0030%	1h	152.63	−0.039%	$1.2M	$5.4M	10x	as long as short
Variational Omni SPCX	+0.0030%	8h	152.62	−0.048%	$5.9M	$2.7M	—	as long as short
Lighter SPCX	+0.0032%	1h	152.60	−0.059%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	−0.079%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.059%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.59	−0.065%	$103K	$294K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.62	−0.046%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.61	−0.052%	$128.4M	$129.7M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.63	−0.039%	$1.7M	$101K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.58	−0.072%	$533K	$369K	50x	as long as short
Paradex SPCX-USD-PERP	+0.0050%	8h	152.63	−0.036%	$101	—	5x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.51	−0.118%	$3.0M	$2.1M	10x	as long as short
RISEx SPCX/USDC	+0.0051%	1h	152.70	+0.007%	$351K	$510K	20x	as long as short
Extended SPCX-USD	+0.0056%	1h	152.64	−0.034%	$728K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0058%	8h	152.69	−0.003%	$251.8M	$1.38B	75x	as long as short
Bullet SPCX-USDlong	+0.0075%	1h	152.69	long leg	$12K	$191K	10x
OKX SPCX-USDT-SWAP	+0.0083%	8h	152.72	+0.020%	$39.4M	$168.5M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0100%	1h	152.66	−0.020%	$486K	$1.1M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.56	−0.085%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.60	−0.059%	$13.0M	$6.2M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.57	−0.079%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.67	−0.013%	$15K	$7K	10x	as long as short
Nado SPCX-PERP	+0.0103%	1h	152.60	−0.058%	$633K	$806K	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.65	−0.027%	$89	—	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0136%	1h	152.70	+0.007%	$735K	$1.1M	10x	as long as short
edgeX SPCXUSDC	+0.0184%	4h	152.62	−0.048%	$1.7M	$891K	20x	as long as short
Phoenix SPCX	+0.0209%	1h	152.64	−0.033%	$448K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0399%	8h	152.84	+0.095%	$19.0M	$30.6M	20x	as long as short