Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h +0.045%

Price spread now: ApeX Omni against BloFin−0.046%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.417%+$42 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.046%, 7d avg −0.006%

Together, before fees+0.477%+$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.040% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.006%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.417%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	153.04	0.0119	pay 0.0119% / 8h	6h 56m	$1.9M	$1.4M	75x
Short	ApeX Omni SPCXUSDT	152.97	0.0100	get 0.0013% / 1h	56m 32s	$58K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.046%Rate

Funding earned: −$4.06
Price spread: −0.046% → −0.006%: −$4
Slippage, 4 orders: −$21.13
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$51.19
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; ApeX Omni: live order book, 11 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 BloFin live order book, 6 min ago	0.33 bp	6.3 bp −$6	6.6 bp −$66	9.8 bp −$979	13.8 bp −$6,899
Sell ApeX Omni live order book, 11 min ago	10.12 bp	15.1 bp −$15	40.5 bp −$405	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 −0.0334% / S +0.0532%	1h	152.97	−0.042%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.99	−0.033%	$96.3M	$31.1M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.731%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.065%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.196%	$8K	$950K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.06	+0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	153.01	−0.018%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.97	−0.046%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.94	−0.065%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.751%	$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	152.98	−0.039%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	−0.033%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.98	−0.039%	$1.2M	$7.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	−0.046%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.02	−0.013%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.03	−0.007%	$534K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.078%	$3.2M	$2.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0086%	8h	153.04	+0.003%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.94	−0.065%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.92	−0.078%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.97	−0.046%	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.06	+0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.04	−0.002%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0107%	8h	153.00	−0.026%	$30.8M	$42.8M	100x	as long as short
BloFin SPCX-USDTlong	+0.0119%	8h	153.04	long leg	$1.9M	$1.4M	75x
Bullet SPCX-USD	+0.0140%	1h	153.00	−0.026%	$11K	$189K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0191%	1h	152.97	−0.046%	$142.7M	$119.5M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.98	−0.039%	$72K	$1.1M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0210%	8h	153.02	−0.013%	$39.3M	$168.7M	75x	as long as short
Variational Omni SPCX	+0.0226%	8h	153.02	−0.014%	$6.0M	$3.5M	—	as long as short
Binance SPCXUSDT	+0.0238%	8h	153.00	−0.026%	$252.5M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0240%	1h	152.95	−0.056%	$734K	$3.8M	10x	as long as short
Bitget SPCXUSDT	+0.0264%	8h	153.06	+0.013%	$31.7M	$66.5M	75x	as long as short
Nado SPCX-PERP	+0.0266%	1h	152.90	−0.094%	$620K	$847K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.065%	$728K	$986K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.04	0.000%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0390%	8h	153.10	+0.037%	$19.0M	$18.0M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.04	0.000%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0618%	4h	153.03	−0.003%	$1.7M	$892K	20x	as long as short