Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0086%/8h= +9.5% APRpaid last 24h +0.024%

Price spread now: Arcus against Bybit−0.059%7-day average −0.051% · 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−$33as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Bybit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.057%+$6 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.059%, 7d avg −0.051%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, 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	Bybit SPCXUSDT	152.68	0.0141	pay 0.0141% / 8h	1h 44m	$30.7M	$42.3M	100x
Short	Arcus SPCX-USD	152.59	0.0227	get 0.0028% / 1h	44m 28s	$106K	$296K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bybit. 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 BybitbpFee ArcusbpOrdersPrice spread, now −0.059%Rate

Funding earned: $18.13
Price spread: −0.059% → −0.051%: −$0.78
Slippage, 4 orders: −$17.18
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$15.33
Costs to cover: 0.327%
Break-even: 12.9 days

Slippage from Bybit: live order book, 4 min ago; Arcus: live order book, 39 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 Bybit live order book, 4 min ago	0.65 bp	8.5 bp −$9	11.7 bp −$117	43.1 bp −$4,306	doesn't fit
Sell Arcus live order book, 39 min ago	5.90 bp	8.1 bp −$8	12.0 bp −$120	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 −0.0335% / S +0.0533%	1h	152.63	−0.036%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.64	−0.026%	$96.5M	$30.8M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.988%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.67	−0.007%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.86	+0.118%	$8K	$976K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.66	−0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.59	−0.060%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.58	−0.065%	$1.6M	$7.1M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.58	−0.065%	$2.4M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.993%	$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
Bullet SPCX-USD	+0.0035%	1h	152.66	−0.013%	$12K	$189K	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.65	−0.020%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.62	−0.039%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.64	−0.026%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.67	−0.007%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.45	−0.151%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.63	−0.033%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0077%	8h	152.65	−0.020%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0086%	8h	152.64	−0.026%	$1.9M	$1.4M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0089%	1h	152.62	−0.039%	$129.8M	$107.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.53	−0.098%	$175K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−0.105%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.65	−0.020%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.65	−0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.66	−0.016%	$89	—	10x	as long as short
Bybit SPCXUSDTlong	+0.0141%	8h	152.68	long leg	$30.7M	$42.3M	100x
OKX SPCX-USDT-SWAP	+0.0182%	8h	152.66	−0.013%	$38.9M	$168.5M	75x	as long as short
Variational Omni SPCX	+0.0187%	8h	152.61	−0.046%	$6.1M	$3.8M	—	as long as short
Binance SPCXUSDT	+0.0206%	8h	152.67	−0.007%	$256.1M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.65	−0.023%	$715K	$3.6M	10x	as long as short
Nado SPCX-PERP	+0.0209%	1h	152.56	−0.079%	$625K	$875K	20x	as long as short
Arcus SPCX-USDshort	+0.0227%	1h	152.59	−0.059%	$106K	$296K	5x
Aster SPCXUSD1	+0.0243%	8h	152.72	+0.025%	$19.0M	$21.7M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	+0.020%	$741K	$947K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0274%	1h	152.63	−0.033%	$70K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.61	−0.046%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0323%	8h	152.69	+0.007%	$31.0M	$66.5M	75x	as long as short
edgeX SPCXUSDC	+0.0536%	4h	152.61	−0.043%	$1.7M	$894K	20x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.70	+0.016%	$402K	$542K	20x	as long as short