Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Gate against ApeX Omni+0.007%96s7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as 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−$490.486% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 3 days (all we have)−0.226%−$23 · spread now +0.007%, 7d avg −0.044%

Together, before fees−0.440%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.051% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.044%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 41 hours. The two prices were read 96 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	152.93	0.0100	pay 0.0013% / 1h	47m 54s	$58K	$270K	50x
Short	Gate SPCX_USDT	152.94	0	get 0.0000% / 8h	47m 54s	$96.6M	$31.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.007%Rate

Funding earned: −$21
Price spread: +0.007% → −0.044%: $5.07
Slippage, 4 orders: −$23.61
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$64.53
Costs to cover: 0.486%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; Gate: live order book, 1 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, 29 min ago	7.53 bp	13.6 bp −$14	38.5 bp −$385	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.33 bp	11.1 bp −$11	15.8 bp −$158	29.8 bp −$2,981	50.4 bp −$25.2K

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	152.94	+0.010%	$89K	—	20x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.94	+0.007%	$96.6M	$31.2M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.807%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.90	−0.020%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.15	+0.144%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.97	+0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.96	+0.017%	$8K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.90	−0.020%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.89	−0.026%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.825%	$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
Arcus SPCX-USD	+0.0040%	1h	152.89	−0.026%	$106K	$296K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.93	0.000%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.92	−0.007%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.96	+0.020%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.97	+0.026%	$538K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.86	−0.046%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.90	−0.020%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0081%	8h	152.95	+0.010%	$101	—	5x	as long as short
Bullet SPCX-USD	+0.0083%	1h	152.96	+0.017%	$11K	$188K	10x	as long as short
BloFin SPCX-USDT	+0.0085%	8h	153.09	+0.105%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.86	−0.046%	$173K	$132K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.85	−0.052%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTlong	+0.0100%	1h	152.93	long leg	$58K	$270K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.94	+0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.97	+0.028%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0144%	8h	152.96	+0.020%	$30.7M	$42.7M	100x	as long as short
Variational Omni SPCX	+0.0188%	8h	153.00	+0.043%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0193%	8h	152.97	+0.026%	$39.0M	$169.5M	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.93	+0.002%	$734K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0204%	8h	152.96	+0.020%	$253.9M	$1.38B	75x	as long as short
Nado SPCX-PERP	+0.0260%	1h	152.85	−0.051%	$603K	$883K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	153.01	+0.052%	$446K	$269K	15x	as long as short
tradeXYZ xyz:SPCX	+0.0271%	1h	152.94	+0.007%	$143.6M	$118.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.026%	$733K	$970K	10x	as long as short
Aster SPCXUSD1	+0.0281%	8h	153.05	+0.076%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0310%	8h	152.96	+0.020%	$31.2M	$67.2M	75x	as long as short
edgeX SPCXUSDC	+0.0319%	4h	153.00	+0.046%	$1.7M	$893K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0339%	1h	152.93	0.000%	$71K	$1.0M	10x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	153.00	+0.046%	$403K	$538K	20x	as long as short