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

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

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

Long on edgeX Short on ApeX Omni

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 against this trade now: funding costs −$26 a day on $10k at the current rate, and ApeX Omni is 0.059% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

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	edgeX SPCXUSDC	152.93	0.0965	pay 0.0483% / 4h	2h 35m	$1.7M	$893K	20x
Short	ApeX Omni SPCXUSDT	152.85	0.0100	get 0.0013% / 1h	35m 40s	$58K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now −0.054%Rate

Funding earned: −$181.75
Price spread: −0.054% → +0.005%: −$5.91
Slippage, 4 orders: −$23.51
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$230.18
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; ApeX Omni: live order book, 31 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 edgeX live order book, 3 min ago	1.63 bp	6.1 bp −$6	7.1 bp −$71	20.0 bp −$2,005	doesn't fit
Sell ApeX Omni live order book, 31 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 −0.0347% / S +0.0541%	1h	152.99	+0.034%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.99	+0.037%	$96.1M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.809%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	−0.035%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.20	+0.175%	$8K	$948K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.01	+0.050%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	+0.010%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.94	+0.005%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.91	−0.015%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.253%	$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	−0.015%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	+0.037%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.97	+0.024%	$1.2M	$6.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.95	+0.011%	$501K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	+0.037%	$1.7M	$89K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	+0.044%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.80	−0.087%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDT	+0.0056%	8h	153.03	+0.064%	$30.9M	$42.9M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0078%	8h	152.99	+0.037%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.93	−0.002%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.89	−0.028%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.85	−0.054%	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.00	+0.044%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	+0.037%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0116%	8h	153.03	+0.064%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0123%	1h	153.01	+0.050%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0142%	1h	152.97	+0.024%	$142.3M	$119.1M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	152.95	+0.011%	$72K	$1.1M	10x	as long as short
Bitget SPCXUSDT	+0.0183%	8h	153.06	+0.083%	$31.8M	$66.3M	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0192%	8h	153.02	+0.057%	$39.4M	$168.9M	75x	as long as short
Variational Omni SPCX	+0.0205%	8h	153.00	+0.045%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0220%	8h	153.03	+0.061%	$252.8M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.98	+0.033%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0240%	1h	152.91	−0.016%	$620K	$840K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.135%	$728K	$969K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.98	+0.031%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0390%	8h	153.08	+0.094%	$19.0M	$16.1M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.02	+0.057%	$408K	$539K	20x	as long as short
edgeX SPCXUSDClong	+0.0965%	4h	152.93	long leg	$1.7M	$893K	20x