Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Orderly−0.046%70s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.046% cheaper against Orderly than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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	Orderly PERP_SPCX_USDC_mythos	153.01	0.0100	pay 0.0100% / 8h	6h 46m	$15K	$7K	10x
Short	ApeX Omni SPCXUSDT	152.94	0.0100	get 0.0013% / 1h	46m 01s	$58K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → 0.000%: −$4.57
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$20.57
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 21 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 21 min ago	10.12 bp	15.1 bp −$15	40.5 bp −$405	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0340% / S +0.0537%	1h	152.97	−0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	−0.020%	$96.3M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.753%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.046%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.28	+0.176%	$8K	$949K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.96	−0.033%	$72K	$1.1M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.02	+0.007%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.92	−0.057%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.95	−0.039%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	−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
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.203%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.94	−0.046%	$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	+0.0049%	1h	153.00	−0.007%	$1.2M	$7.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.96	−0.033%	$500K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.97	−0.026%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.94	−0.046%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.111%	$3.2M	$2.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0085%	8h	153.03	+0.015%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	−0.059%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.90	−0.072%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.94	−0.046%	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythoslong	+0.0100%	8h	153.01	long leg	$15K	$7K	10x
Bybit SPCXUSDT	+0.0102%	8h	153.02	+0.007%	$30.9M	$42.9M	100x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.00	−0.004%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0116%	8h	153.03	+0.013%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0159%	1h	153.00	−0.004%	$11K	$189K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0172%	1h	152.98	−0.020%	$142.4M	$119.7M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0204%	8h	153.02	+0.007%	$39.4M	$168.9M	75x	as long as short
Variational Omni SPCX	+0.0217%	8h	152.98	−0.019%	$6.0M	$3.3M	—	as long as short
Bitget SPCXUSDT	+0.0221%	8h	153.04	+0.020%	$31.8M	$66.6M	75x	as long as short
Extended SPCX-USD	+0.0232%	1h	152.97	−0.027%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0232%	8h	153.01	0.000%	$252.8M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0271%	1h	152.95	−0.040%	$620K	$844K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.085%	$728K	$986K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.02	+0.007%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0392%	8h	153.12	+0.071%	$19.0M	$17.7M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.06	+0.029%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0426%	4h	153.00	−0.003%	$1.7M	$894K	20x	as long as short