Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h −0.030%

Price spread now: Bybit against ApeX Omni+0.059%89s7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.407% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 3 days (all we have)−0.333%−$33 · spread now +0.059%, 7d avg −0.021%

Together, before fees−0.524%−$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.080% dearer against ApeX Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.191%, so the current rate has only just turned in your favour. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SPCXUSDT	152.57	0.0100	pay 0.0013% / 1h	29m 56s	$58K	$270K	50x
Short	Bybit SPCXUSDT	152.66	0.0137	get 0.0137% / 8h	1h 29m	$30.8M	$42.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX Omni. 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now +0.059%Rate

Funding earned: $7.75
Price spread: +0.059% → −0.021%: $7.99
Slippage, 4 orders: −$19.74
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$25
Costs to cover: 0.407%
Break-even: 29.6 days

Slippage from ApeX Omni: live order book, 52 min ago; Bybit: live order book, 4 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 ApeX Omni live order book, 52 min ago	7.53 bp	13.5 bp −$13	37.4 bp −$374	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.33 bp	6.1 bp −$6	9.8 bp −$98	24.6 bp −$2,458	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 −0.0272% / S +0.0488%	1h	152.63	+0.036%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.62	+0.033%	$96.5M	$30.9M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+13.069%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.68	+0.072%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.177%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.65	+0.052%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	152.59	+0.014%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.57	0.000%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	0.000%	$2.4M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.067%	$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
Vest SPCX-USD-PERP	+0.0046%	1h	152.62	+0.033%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.63	+0.039%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.63	+0.039%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.65	+0.052%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.51	−0.039%	$3.2M	$2.6M	10x	as long as short
Bullet SPCX-USD	+0.0064%	1h	152.64	+0.047%	$11K	$189K	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.63	+0.039%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0070%	8h	152.63	+0.039%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0079%	8h	152.67	+0.066%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.57	0.000%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−0.033%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTlong	+0.0100%	1h	152.57	long leg	$58K	$270K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.57	0.000%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.65	+0.054%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0120%	1h	152.63	+0.039%	$130.0M	$107.5M	20x	as long as short
Bybit SPCXUSDTshort	+0.0137%	8h	152.66	+0.059%	$30.8M	$42.3M	100x
OKX SPCX-USDT-SWAP	+0.0179%	8h	152.64	+0.046%	$38.9M	$168.4M	75x	as long as short
Variational Omni SPCX	+0.0180%	8h	152.64	+0.043%	$6.0M	$3.9M	—	as long as short
Binance SPCXUSDT	+0.0199%	8h	152.64	+0.047%	$255.7M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.61	+0.029%	$715K	$3.6M	10x	as long as short
Nado SPCX-PERP	+0.0215%	1h	152.54	−0.019%	$625K	$871K	20x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.57	0.000%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0244%	8h	152.72	+0.096%	$19.0M	$21.8M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	+0.092%	$741K	$947K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0274%	1h	152.61	+0.026%	$71K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.65	+0.052%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0315%	8h	152.66	+0.059%	$31.0M	$66.5M	75x	as long as short
edgeX SPCXUSDC	+0.0516%	4h	152.65	+0.050%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.70	+0.085%	$402K	$541K	20x	as long as short