SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.22 per $10,000 · paid last 24h −0.017%

Price spread now: ApeX Omni against Coinbase International−0.033%75s7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as 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−$410.414% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 3 days (all we have)+0.115%+$11 · spread now −0.033%, 7d avg +0.006%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and ApeX Omni is 0.038% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.006%). Swap the legs. The two prices were read 75 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	Coinbase International SPCX-PERP-INTX	152.97	0.0280	pay 0.0035% / 1h	24m 15s	$733K	$970K	10x
Short	ApeX Omni SPCXUSDT	152.92	0.0100	get 0.0013% / 1h	24m 15s	$58K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now −0.033%Rate

Funding earned: −$37.8
Price spread: −0.033% → +0.006%: −$3.84
Slippage, 4 orders: −$21.41
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$83.05
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 54 min ago; ApeX Omni: live order book, 53 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 Coinbase International live order book, 54 min ago	2.62 bp	7.6 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 53 min ago	7.53 bp	12.5 bp −$13	37.2 bp −$372	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 −0.0276% / S +0.0490%	1h	152.88	−0.056%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.91	−0.039%	$96.6M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.776%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.81	−0.105%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.10	+0.085%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.92	−0.033%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.81	−0.104%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.84	−0.085%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.798%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.86	−0.072%	$105K	$297K	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	152.87	−0.065%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.87	−0.065%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.91	−0.039%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.88	−0.059%	$536K	$409K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.77	−0.131%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.89	−0.052%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDT	+0.0075%	8h	152.95	−0.013%	$1.9M	$1.4M	75x	as long as short
Lighter SPCX	+0.0080%	1h	152.88	−0.059%	$1.6M	$7.4M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0089%	8h	152.91	−0.040%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.83	−0.092%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.81	−0.105%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.92	−0.033%	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.93	−0.026%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.94	−0.023%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0134%	1h	152.93	−0.026%	$11K	$188K	10x	as long as short
Bybit SPCXUSDT	+0.0149%	8h	152.94	−0.020%	$30.7M	$42.8M	100x	as long as short
Variational Omni SPCX	+0.0173%	8h	152.92	−0.034%	$6.0M	$3.5M	—	as long as short
Extended SPCX-USD	+0.0192%	1h	152.89	−0.049%	$734K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0193%	8h	152.92	−0.033%	$39.0M	$169.4M	75x	as long as short
Binance SPCXUSDT	+0.0196%	8h	152.93	−0.026%	$253.2M	$1.39B	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.86	−0.072%	$71K	$1.0M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0255%	1h	152.89	−0.052%	$143.5M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.92	−0.033%	$446K	$269K	15x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0280%	1h	152.97	long leg	$733K	$970K	10x
Aster SPCXUSD1	+0.0290%	8h	153.00	+0.020%	$19.0M	$21.3M	20x	as long as short
Nado SPCX-PERP	+0.0291%	1h	152.81	−0.104%	$602K	$884K	20x	as long as short
Bitget SPCXUSDT	+0.0308%	8h	152.93	−0.026%	$31.2M	$67.3M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.98	+0.007%	$403K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0807%	4h	152.87	−0.064%	$1.7M	$891K	20x	as long as short