Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h +0.009%

Price spread now: ApeX Omni against Binance−0.078%49s7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as 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−$360.357% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.078%, 7d avg −0.011%

Together, before fees+0.183%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.067% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.011%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.163%, so the current rate has only just turned against you. The two prices were read 49 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	Binance SPCXUSDT	153.05	0.0185	pay 0.0185% / 8h	5h 12m	$252.5M	$1.37B	75x
Short	ApeX Omni SPCXUSDT	152.93	0.0100	get 0.0013% / 1h	12m 43s	$58K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.078%Rate

Funding earned: −$17.76
Price spread: −0.078% → −0.011%: −$6.74
Slippage, 4 orders: −$15.68
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$60.18
Costs to cover: 0.357%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; ApeX Omni: live order book, 49 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 Binance live order book, 16 min ago	0.33 bp	5.3 bp −$5	5.6 bp −$56	9.1 bp −$909	16.3 bp −$8,127
Sell ApeX Omni live order book, 49 min ago	7.51 bp	12.5 bp −$13	38.3 bp −$383	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 −0.0333% / S +0.0531%	1h	153.00	−0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.02	−0.020%	$96.2M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.06	+0.007%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.724%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.072%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.24	+0.124%	$8K	$937K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.07	+0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.96	−0.056%	$7K	$8K	10x	as long as short
Bybit SPCXUSDT	+0.0028%	8h	153.03	−0.013%	$30.8M	$42.9M	100x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.97	−0.052%	$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
Arcus SPCX-USD	+0.0040%	1h	152.96	−0.059%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.03	−0.013%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.02	−0.020%	$1.2M	$6.5M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.99	−0.039%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	−0.026%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	−0.033%	$534K	$398K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.93	−0.078%	$3.2M	$2.5M	10x	as long as short
Lighter SPCX	+0.0064%	1h	153.00	−0.033%	$1.6M	$7.2M	20x	as long as short
BloFin SPCX-USDT	+0.0066%	8h	153.05	0.000%	$1.9M	$1.4M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.98	−0.046%	$73K	$1.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	153.05	−0.001%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.96	−0.059%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	−0.059%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.93	−0.078%	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.04	−0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.02	−0.017%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0172%	8h	153.04	−0.010%	$6.0M	$3.1M	—	as long as short
Bullet SPCX-USD	+0.0173%	1h	153.05	−0.002%	$11K	$190K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0176%	8h	153.05	0.000%	$39.5M	$167.5M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	153.01	−0.026%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDTlong	+0.0185%	8h	153.05	long leg	$252.5M	$1.37B	75x
tradeXYZ xyz:SPCX	+0.0193%	1h	153.01	−0.026%	$142.1M	$119.2M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.06	+0.010%	$410K	$540K	20x	as long as short
Nado SPCX-PERP	+0.0227%	1h	152.95	−0.066%	$622K	$826K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	−0.026%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.04	−0.007%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0416%	8h	153.11	+0.041%	$18.9M	$17.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.150%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0841%	4h	153.04	−0.009%	$1.7M	$893K	20x	as long as short