Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against SunX−0.216%73s7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as 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−$880.877% of the position

Long on SunX 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)+0.198%+$20 · spread now −0.216%, 7d avg −0.058%

Together, before fees+0.413%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.158% cheaper against SunX than usual: you would sell low and buy high (spread −0.216% now, against its 7-day average of −0.058%). If the spread goes back, that is −$16 on $10k: about 5.3 days of funding at the current rate (+$3 a day). The two prices were read 73 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	SunX SPCX-USDT	152.78	0	get 0.0000% / 8h	2h 51m	$8K	$916K	10x
Short	ApeX Omni SPCXUSDT	152.45	0.0100	get 0.0013% / 1h	51m 48s	$58K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.216%Rate

Funding earned: $21
Price spread: −0.216% → −0.058%: −$15.8
Slippage, 4 orders: −$69.69
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$82.5
Costs to cover: 0.877%
Break-even: 34.5 days

Slippage from SunX: live order book, 21 min ago; ApeX Omni: live order book, 60 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 SunX live order book, 21 min ago	21.96 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 60 min ago	7.52 bp	14.8 bp −$15	48.2 bp −$482	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 −0.0224% / S +0.0463%	1h	152.44	−0.219%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.56	−0.144%	$96.3M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.62	−0.105%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.925%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.58	−0.131%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	152.78	long leg	$8K	$916K	10x
HTX SPCX-USDT	0.0000%	8h	152.64	−0.092%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0003%	8h	152.59	−0.124%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0012%	8h	152.54	−0.157%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.41	−0.243%	$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 RH SPCX	+0.0032%	1h	152.48	−0.196%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.44	−0.223%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.52	−0.170%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.53	−0.164%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.45	−0.216%	$131.1M	$128.5M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.50	−0.183%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.54	−0.157%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.59	−0.124%	$532K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.34	−0.288%	$3.2M	$2.3M	10x	as long as short
Lighter SPCX	+0.0056%	1h	152.52	−0.170%	$1.6M	$7.4M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0064%	8h	152.55	−0.151%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.56	−0.144%	$87K	$1.3M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.45	−0.216%	$169K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.46	−0.209%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.45	−0.216%	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.53	−0.164%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.55	−0.148%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0122%	8h	152.52	−0.171%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0132%	8h	152.58	−0.131%	$250.7M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.54	−0.158%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0142%	8h	152.60	−0.118%	$39.4M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0174%	1h	152.42	−0.235%	$614K	$804K	20x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.59	−0.121%	$408K	$522K	20x	as long as short
Bullet SPCX-USD	+0.0246%	1h	152.58	−0.131%	$12K	$193K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.223%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.48	−0.196%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0399%	8h	152.59	−0.122%	$18.9M	$24.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.67	−0.072%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0803%	4h	152.50	−0.182%	$1.7M	$892K	20x	as long as short