Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Gate−0.013%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.847%+$85 · spread now −0.013%, 7d avg +0.039%

Together, before fees+1.061%+$106 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.052% cheaper against Gate than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.039%). If the spread goes back, that is −$5 on $10k: about 41 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPCX_USDT	152.31	0	get 0.0000% / 8h	39m 37s	$96.2M	$31.8M	100x
Short	ApeX Omni SPCXUSDT	152.29	0.0100	get 0.0013% / 1h	39m 37s	$58K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.013%Rate

Funding earned: $21
Price spread: −0.013% → +0.039%: −$5.18
Slippage, 4 orders: −$22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$31.18
Costs to cover: 0.470%
Break-even: 17.4 days

Slippage from Gate: live order book, 4 min ago; ApeX Omni: live order book, 63 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 Gate live order book, 4 min ago	0.66 bp	11.7 bp −$12	17.1 bp −$171	44.4 bp −$4,439	85.5 bp −$42.7K
Sell ApeX Omni live order book, 63 min ago	7.54 bp	13.1 bp −$13	35.5 bp −$355	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 −0.0234% / S +0.0471%	1h	152.28	−0.023%	$90K	—	20x	as long as short
Gate SPCX_USDTlong	0.0000%	8h	152.31	long leg	$96.2M	$31.8M	100x
Bitget SPCXUSDT	0.0000%	8h	152.35	+0.026%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.274%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	+0.046%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.57	+0.171%	$8K	$893K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.42	+0.072%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0013%	8h	152.34	+0.020%	$30.5M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0021%	8h	152.38	+0.046%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.29	−0.016%	$7K	$8K	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	+0.0032%	1h	152.28	−0.020%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.26	−0.033%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.26	−0.033%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.34	+0.020%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.27	−0.026%	$129.9M	$129.2M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.32	+0.007%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.31	0.000%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.35	+0.026%	$530K	$373K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.19	−0.079%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.28	−0.020%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0100%	8h	152.32	+0.007%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.23	−0.053%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.21	−0.066%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.29	−0.013%	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.36	+0.033%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.35	+0.028%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0127%	8h	152.34	+0.017%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0141%	8h	152.33	+0.013%	$252.8M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.30	−0.009%	$724K	$4.0M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.29	−0.013%	$89K	$1.4M	10x	as long as short
Bullet SPCX-USD	+0.0154%	1h	152.36	+0.033%	$11K	$193K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0155%	8h	152.35	+0.026%	$39.7M	$166.7M	75x	as long as short
Nado SPCX-PERP	+0.0181%	1h	152.25	−0.040%	$627K	$803K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.020%	$728K	$930K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.35	+0.026%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0407%	8h	152.46	+0.095%	$18.9M	$28.8M	20x	as long as short
edgeX SPCXUSDC	+0.0436%	4h	152.34	+0.019%	$1.7M	$891K	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.55	+0.158%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.38	+0.043%	$381K	$507K	20x	as long as short