Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0212%/8hpaid last 24h +0.016%

Price spread now: Arcus against OKX+0.020%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 3 days (all we have)−0.078%−$8 · spread now +0.020%, 7d avg −0.058%

Together, before fees−0.031%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Arcus is 0.078% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.058%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.047% in total (about 5.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPCX-USDT-SWAP	152.13	0.0038	pay 0.0038% / 8h	4h 03m	$39.3M	$165.6M	75x
Short	Arcus SPCX-USD	152.16	0.0250	get 0.0031% / 1h	3m 54s	$105K	$296K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now +0.020%Rate

Funding earned: $44.58
Price spread: +0.020% → −0.058%: $7.78
Slippage, 4 orders: −$11.42
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $26.45
Costs to cover: 0.259%
Break-even: 2.8 days

Slippage from OKX: live order book, 5 min ago; Arcus: live order book, 29 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 OKX live order book, 5 min ago	0.33 bp	5.7 bp −$6	7.0 bp −$70	14.4 bp −$1,435	doesn't fit
Sell Arcus live order book, 29 min ago	4.93 bp	7.7 bp −$8	11.4 bp −$114	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 −0.0207% / S +0.0442%	1h	152.16	+0.016%	$88K	—	20x	as long as short
BloFin SPCX-USDT	−0.0046%	8h	152.11	−0.013%	$1.9M	$1.3M	75x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.08	−0.033%	$96.4M	$30.7M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.49	+13.387%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.04	−0.059%	$300K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.34	+0.138%	$8K	$996K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.16	+0.020%	$1.3M	$1.6M	75x	as long as short
Lighter SPCX	+0.0032%	1h	152.12	−0.007%	$1.6M	$7.1M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.10	−0.020%	$2.4M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.366%	$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
OKX SPCX-USDT-SWAPlong	+0.0038%	8h	152.13	long leg	$39.3M	$165.6M	75x
Variational Omni SPCX	+0.0039%	8h	152.09	−0.024%	$6.0M	$4.4M	—	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.17	+0.026%	—	$948K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.06	−0.046%	$129.5M	$103.0M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.12	−0.007%	$487K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.12	−0.007%	$1.7M	$80K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.20	+0.046%	$537K	$393K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.06	−0.046%	$3.1M	$2.5M	10x	as long as short
QFEX SPCX-USD	+0.0060%	1h	152.16	+0.020%	$1.2M	$7.5M	10x	as long as short
Bybit SPCXUSDT	+0.0061%	8h	152.13	0.000%	$30.6M	$41.7M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0062%	8h	152.17	+0.024%	$100	—	5x	as long as short
Aster SPCXUSD1	+0.0071%	8h	152.20	+0.046%	$17.8M	$19.6M	20x	as long as short
Extended SPCX-USD	+0.0072%	1h	152.17	+0.028%	$712K	$3.5M	10x	as long as short
Binance SPCXUSDT	+0.0076%	8h	152.14	+0.005%	$256.5M	$1.36B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.04	−0.059%	$175K	$137K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.09	−0.026%	$13.0M	$4.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	151.97	−0.105%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.22	+0.059%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.09	−0.026%	$88	—	10x	as long as short
edgeX SPCXUSDC	+0.0129%	4h	152.34	+0.135%	$1.7M	$893K	20x	as long as short
Aftermath Perps SPCXUSD	+0.0143%	1h	152.10	−0.019%	$7K	$10K	10x	as long as short
Bullet SPCX-USD	+0.0155%	1h	152.23	+0.064%	$11K	$191K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0176%	1h	152.08	−0.033%	$747K	$929K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.13	0.000%	$370K	$186K	15x	as long as short
Arcus SPCX-USDshort	+0.0250%	1h	152.16	+0.020%	$105K	$296K	5x
Nado SPCX-PERP	+0.0259%	1h	151.97	−0.105%	$669K	$839K	20x	as long as short
Bitget SPCXUSDT	+0.0268%	8h	152.13	0.000%	$29.4M	$64.4M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0342%	1h	152.16	+0.020%	$70K	$995K	10x	as long as short
RISEx SPCX/USDC	+0.0357%	1h	152.23	+0.063%	$319K	$481K	20x	as long as short