Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h −0.024%

Price spread now: Bitget against ApeX Omni+0.039%93s7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as 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−$400.402% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 3 days (all we have)−0.227%−$23 · spread now +0.039%, 7d avg −0.003%

Together, before fees−0.391%−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.042% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.164%, so the current rate has only just turned in your favour. The two prices were read 93 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	ApeX Omni SPCXUSDT	152.89	0.0100	pay 0.0013% / 1h	43m 55s	$58K	$271K	50x
Short	Bitget SPCXUSDT	152.95	0.0308	get 0.0308% / 8h	43m 55s	$31.3M	$67.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now +0.039%Rate

Funding earned: $43.68
Price spread: +0.039% → −0.003%: $4.19
Slippage, 4 orders: −$18.21
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $7.66
Costs to cover: 0.402%
Break-even: 5.8 days

Slippage from ApeX Omni: live order book, 33 min ago; Bitget: live order book, 5 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 ApeX Omni live order book, 33 min ago	7.53 bp	13.6 bp −$14	38.5 bp −$385	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.33 bp	7.2 bp −$7	9.0 bp −$90	23.0 bp −$2,301	34.1 bp −$17.0K

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 −0.0272% / S +0.0488%	1h	152.93	+0.023%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.92	+0.020%	$96.6M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.835%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.89	0.000%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.16	+0.177%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.93	+0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.96	+0.043%	$8K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.89	0.000%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.87	−0.013%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.852%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.89	0.000%	$106K	$296K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.94	+0.033%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.91	+0.013%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.93	+0.026%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.90	+0.007%	$538K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.033%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.90	+0.007%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0078%	8h	152.92	+0.022%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0081%	8h	153.07	+0.118%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0089%	1h	152.93	+0.029%	$11K	$188K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.84	−0.033%	$173K	$132K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.83	−0.039%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTlong	+0.0100%	1h	152.89	long leg	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.96	+0.046%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.94	+0.035%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0141%	8h	152.93	+0.026%	$30.7M	$42.7M	100x	as long as short
Variational Omni SPCX	+0.0183%	8h	152.96	+0.043%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0191%	8h	152.95	+0.039%	$39.0M	$169.4M	75x	as long as short
Binance SPCXUSDT	+0.0200%	8h	152.93	+0.027%	$253.8M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.90	+0.009%	$734K	$3.6M	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.96	+0.046%	$446K	$269K	15x	as long as short
tradeXYZ xyz:SPCX	+0.0265%	1h	152.92	+0.020%	$143.6M	$118.5M	20x	as long as short
Nado SPCX-PERP	+0.0268%	1h	152.85	−0.024%	$602K	$884K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	152.94	+0.033%	$71K	$1.0M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.052%	$733K	$970K	10x	as long as short
Aster SPCXUSD1	+0.0280%	8h	153.01	+0.078%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDTshort	+0.0308%	8h	152.95	+0.039%	$31.3M	$67.2M	75x
RISEx SPCX/USDC	+0.0339%	1h	152.99	+0.065%	$403K	$538K	20x	as long as short
edgeX SPCXUSDC	+0.0820%	4h	152.96	+0.049%	$1.7M	$893K	20x	as long as short