Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h +0.009%

Price spread now: ApeX Omni against Binance−0.003%59s7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as 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−$380.380% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.003%, 7d avg −0.011%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.163%, so the current rate has only just turned against you. The two prices were read 59 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	Binance SPCXUSDT	152.57	0.0125	pay 0.0125% / 8h	2h 44m	$250.4M	$1.36B	75x
Short	ApeX Omni SPCXUSDT	152.57	0.0100	get 0.0013% / 1h	44m 28s	$58K	$272K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.003%Rate

Funding earned: −$5.34
Price spread: −0.003% → −0.011%: $0.83
Slippage, 4 orders: −$18.04
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$42.55
Costs to cover: 0.380%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; ApeX Omni: 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 Binance live order book, 15 min ago	0.33 bp	5.3 bp −$5	6.2 bp −$62	11.3 bp −$1,131	21.7 bp −$10.9K
Sell ApeX Omni live order book, 3 min ago	7.54 bp	13.6 bp −$14	36.4 bp −$364	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	152.46	−0.078%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.57	−0.003%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.55	−0.016%	$96.2M	$31.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.60	+0.017%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.079%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.60	+0.017%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.78	+0.135%	$8K	$916K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.53	−0.029%	$87K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.62	+0.030%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0007%	8h	152.56	−0.009%	$1.9M	$1.2M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0023%	1h	152.46	−0.074%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.50	−0.048%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.48	−0.062%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.48	−0.062%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.52	−0.035%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.57	−0.003%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.46	−0.075%	$131.0M	$128.6M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.53	−0.029%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.54	−0.022%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.58	+0.004%	$531K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.39	−0.121%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	152.57	−0.004%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.46	−0.075%	$169K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.42	−0.101%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.57	−0.003%	$58K	$272K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.55	−0.016%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.56	−0.009%	$88	—	10x	as long as short
Nado SPCX-PERP	+0.0116%	1h	152.50	−0.050%	$614K	$803K	20x	as long as short
Variational Omni SPCX	+0.0119%	8h	152.53	−0.030%	$6.0M	$2.8M	—	as long as short
Binance SPCXUSDTlong	+0.0125%	8h	152.57	long leg	$250.4M	$1.36B	75x
Extended SPCX-USD	+0.0128%	1h	152.53	−0.026%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0137%	8h	152.60	+0.017%	$39.4M	$166.5M	75x	as long as short
Bullet SPCX-USD	+0.0169%	1h	152.57	−0.002%	$12K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.60	+0.020%	$408K	$521K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.088%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.54	−0.022%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0388%	8h	152.60	+0.017%	$18.9M	$24.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.82	+0.161%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0771%	4h	152.54	−0.023%	$1.7M	$893K	20x	as long as short