Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0865%/8h= +94.8% APRpaid last 24h −0.013%

Price spread now: edgeX against ApeX Omni+0.054%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs+$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.550%+$55 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.054%, 7d avg −0.005%

Together, before fees+0.448%+ Points / potential airdropedgeX: Active · farm board+$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and edgeX is 0.059% dearer against ApeX Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.005%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.550% in total (about 28.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SPCXUSDT	152.85	0.0100	pay 0.0013% / 1h	35m 45s	$58K	$271K	50x
Short	edgeX SPCXUSDC	152.93	0.0965	get 0.0483% / 4h	2h 35m	$1.7M	$893K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.054%Rate

Funding earned: $181.75
Price spread: +0.054% → −0.005%: $5.92
Slippage, 4 orders: −$23.51
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $145.16
Costs to cover: 0.425%
Break-even: 1.4 days

Slippage from ApeX Omni: live order book, 31 min ago; edgeX: live order book, 3 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, 31 min ago	10.12 bp	15.1 bp −$15	37.9 bp −$379	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	1.63 bp	6.1 bp −$6	7.2 bp −$72	22.7 bp −$2,268	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 −0.0347% / S +0.0541%	1h	152.99	+0.088%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.99	+0.092%	$96.1M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.870%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	+0.020%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.20	+0.229%	$8K	$948K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.01	+0.105%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	+0.064%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.94	+0.059%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.91	+0.039%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.307%	$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	152.91	+0.039%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	+0.092%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.97	+0.079%	$1.2M	$6.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.95	+0.065%	$501K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	+0.092%	$1.7M	$89K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	+0.098%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.80	−0.033%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDT	+0.0056%	8h	153.03	+0.118%	$30.9M	$42.9M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0078%	8h	152.99	+0.091%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.93	+0.052%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.89	+0.026%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTlong	+0.0100%	1h	152.85	long leg	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.00	+0.098%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	+0.091%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0116%	8h	153.03	+0.118%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0123%	1h	153.01	+0.105%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0142%	1h	152.97	+0.079%	$142.3M	$119.1M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	152.95	+0.065%	$72K	$1.1M	10x	as long as short
Bitget SPCXUSDT	+0.0183%	8h	153.06	+0.137%	$31.8M	$66.3M	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0192%	8h	153.02	+0.111%	$39.4M	$168.9M	75x	as long as short
Variational Omni SPCX	+0.0205%	8h	153.00	+0.099%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0220%	8h	153.03	+0.115%	$252.8M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.98	+0.087%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0240%	1h	152.91	+0.038%	$620K	$840K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.190%	$728K	$969K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.98	+0.085%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0390%	8h	153.08	+0.149%	$19.0M	$16.1M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.02	+0.111%	$408K	$539K	20x	as long as short
edgeX SPCXUSDCshort	+0.0965%	4h	152.93	+0.054%	$1.7M	$893K	20x