Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h −0.010%

Price spread now: OKX against ApeX Omni−0.013%110s7-day average −0.012% · you buy dearer than you sell

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−$410.412% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.807%−$81 · spread now −0.013%, 7d avg −0.012%

Together, before fees−0.998%−$100 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. 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 110 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	153.02	0.0100	pay 0.0013% / 1h	41m 42s	$58K	$271K	50x
Short	OKX SPCX-USDT-SWAP	153.00	0.0198	get 0.0198% / 8h	6h 41m	$39.4M	$168.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $20.52
Price spread: −0.013% → −0.012%: −$0.11
Slippage, 4 orders: −$21.16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$20.76
Costs to cover: 0.412%
Break-even: 14.1 days

Slippage from ApeX Omni: live order book, 25 min ago; OKX: live order book, 2 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, 25 min ago	10.12 bp	15.1 bp −$15	37.9 bp −$379	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.33 bp	5.3 bp −$5	6.5 bp −$65	12.5 bp −$1,246	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 −0.0343% / S +0.0538%	1h	152.96	−0.042%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	−0.026%	$96.3M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.746%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.96	−0.039%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.157%	$8K	$949K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.93	−0.059%	$72K	$1.1M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.00	−0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.95	−0.047%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.94	−0.052%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.92	−0.065%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.196%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.94	−0.052%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.02	0.000%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.98	−0.026%	$1.2M	$6.9M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.96	−0.039%	$500K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.96	−0.039%	$1.7M	$88K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.98	−0.026%	$534K	$407K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.82	−0.131%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDT	+0.0076%	8h	153.00	−0.013%	$30.9M	$42.9M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0081%	8h	153.01	−0.009%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.89	−0.085%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.90	−0.078%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTlong	+0.0100%	1h	153.02	long leg	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.99	−0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	−0.021%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0116%	8h	153.03	+0.007%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0135%	1h	152.99	−0.019%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0148%	1h	152.95	−0.046%	$142.3M	$119.8M	20x	as long as short
OKX SPCX-USDT-SWAPshort	+0.0198%	8h	153.00	−0.013%	$39.4M	$168.9M	75x
Bitget SPCXUSDT	+0.0204%	8h	153.06	+0.026%	$31.8M	$66.5M	75x	as long as short
Variational Omni SPCX	+0.0217%	8h	152.98	−0.025%	$6.0M	$3.3M	—	as long as short
Extended SPCX-USD	+0.0224%	1h	152.95	−0.043%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0225%	8h	152.99	−0.021%	$252.8M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0253%	1h	152.95	−0.047%	$620K	$842K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.078%	$728K	$977K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.02	0.000%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0391%	8h	153.08	+0.041%	$19.0M	$17.2M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.04	+0.013%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0635%	4h	152.99	−0.022%	$1.7M	$894K	20x	as long as short