Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h +0.014%

Price spread now: ApeX Omni against Bybit−0.118%69s7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as 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−$460.458% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.175%+$18 on $10k

Price spread, last 3 days (all we have)+0.286%+$29 · spread now −0.118%, 7d avg +0.019%

Together, before fees+0.461%+$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.137% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.019%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.175%, so the current rate has only just turned against you. The two prices were read 69 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	Bybit SPCXUSDT	153.03	0.0175	pay 0.0175% / 8h	7h 32m	$30.8M	$42.7M	100x
Short	ApeX Omni SPCXUSDT	152.85	0.0100	get 0.0013% / 1h	32m 24s	$58K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.118%Rate

Funding earned: −$15.72
Price spread: −0.118% → +0.019%: −$13.69
Slippage, 4 orders: −$24.76
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$75.17
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; ApeX Omni: live order book, 40 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 Bybit live order book, 1 min ago	0.33 bp	8.0 bp −$8	11.7 bp −$117	51.1 bp −$5,114	doesn't fit
Sell ApeX Omni live order book, 40 min ago	10.14 bp	16.1 bp −$16	45.9 bp −$459	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 −0.0311% / S +0.0516%	1h	153.00	−0.023%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	−0.033%	$96.4M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.734%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.82	−0.137%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.150%	$8K	$957K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.93	−0.065%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.91	−0.078%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	−0.065%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.758%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	−0.039%	—	$1.2M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0048%	1h	152.94	−0.059%	$1.6M	$7.4M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	−0.026%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.95	−0.052%	$534K	$414K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.124%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	152.95	−0.052%	$1.2M	$7.4M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0064%	1h	152.97	−0.039%	$489K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0099%	8h	153.00	−0.020%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.88	−0.098%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.90	−0.085%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.85	−0.118%	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.02	−0.007%	$15K	$7K	10x	as long as short
BloFin SPCX-USDT	+0.0103%	8h	152.94	−0.059%	$1.9M	$1.4M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.02	−0.009%	$89	—	10x	as long as short
Bybit SPCXUSDTlong	+0.0175%	8h	153.03	long leg	$30.8M	$42.7M	100x
Arcus SPCX-USD	+0.0194%	1h	152.89	−0.091%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0206%	8h	153.02	−0.007%	$39.2M	$169.0M	75x	as long as short
Variational Omni SPCX	+0.0207%	8h	152.92	−0.071%	$6.0M	$3.5M	—	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.97	−0.039%	$71K	$1.1M	10x	as long as short
Binance SPCXUSDT	+0.0223%	8h	153.02	−0.007%	$253.1M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	153.00	−0.021%	$737K	$3.9M	10x	as long as short
Nado SPCX-PERP	+0.0233%	1h	152.88	−0.097%	$603K	$851K	20x	as long as short
Bullet SPCX-USD	+0.0250%	1h	153.02	−0.009%	$11K	$188K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0252%	1h	152.98	−0.033%	$143.1M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	152.93	−0.065%	$445K	$271K	15x	as long as short
Bitget SPCXUSDT	+0.0320%	8h	153.04	+0.007%	$31.2M	$66.3M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.01	−0.013%	$731K	$979K	10x	as long as short
Aster SPCXUSD1	+0.0346%	8h	153.06	+0.022%	$19.0M	$18.3M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.03	−0.003%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0823%	4h	152.93	−0.065%	$1.7M	$893K	20x	as long as short