Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Gate+0.026%66s7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as 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−$490.485% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.214%+$21 on $10k

Price spread, last 4 days (all we have)+0.807%+$81 · spread now +0.026%, 7d avg +0.039%

Together, before fees+1.022%+$102 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 66 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	Gate SPCX_USDT	152.22	0	get 0.0000% / 8h	50m 17s	$96.1M	$31.7M	100x
Short	ApeX Omni SPCXUSDT	152.26	0.0100	get 0.0013% / 1h	50m 17s	$58K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.026%Rate

Funding earned: $21
Price spread: +0.026% → +0.039%: −$1.24
Slippage, 4 orders: −$23.52
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$28.76
Costs to cover: 0.485%
Break-even: 16.6 days

Slippage from Gate: live order book, 4 min ago; ApeX Omni: live order book, 52 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 Gate live order book, 4 min ago	0.33 bp	12.2 bp −$12	18.2 bp −$182	47.2 bp −$4,716	82.5 bp −$41.2K
Sell ApeX Omni live order book, 52 min ago	7.54 bp	13.1 bp −$13	35.5 bp −$355	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 −0.0234% / S +0.0471%	1h	152.18	−0.030%	$90K	—	20x	as long as short
Gate SPCX_USDTlong	0.0000%	8h	152.22	long leg	$96.1M	$31.7M	100x
Bitget SPCXUSDT	0.0000%	8h	152.28	+0.039%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.344%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.24	+0.013%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.43	+0.138%	$8K	$894K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.19	−0.020%	$89K	$1.3M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.31	+0.059%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0013%	8h	152.24	+0.013%	$30.5M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0023%	8h	152.23	+0.007%	$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	+0.0029%	1h	152.17	−0.035%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.20	−0.013%	$2.5M	$7.2M	20x	as long as short
Lighter SPCX	+0.0040%	1h	152.21	−0.007%	$1.6M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.18	−0.026%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.23	+0.007%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.16	−0.039%	$129.9M	$129.1M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.22	0.000%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.28	+0.039%	$530K	$375K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.05	−0.112%	$3.2M	$2.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0053%	1h	152.20	−0.013%	$487K	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.21	−0.007%	$1.2M	$5.5M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.13	−0.059%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.15	−0.046%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.26	+0.026%	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.23	+0.007%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.24	+0.014%	$88	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0112%	8h	152.20	−0.011%	$100	—	5x	as long as short
Bullet SPCX-USD	+0.0113%	1h	152.24	+0.014%	$11K	$192K	10x	as long as short
Variational Omni SPCX	+0.0128%	8h	152.20	−0.016%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0142%	8h	152.24	+0.016%	$252.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.21	−0.009%	$724K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0153%	8h	152.28	+0.039%	$39.6M	$166.6M	75x	as long as short
Nado SPCX-PERP	+0.0183%	1h	152.15	−0.046%	$627K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.079%	$728K	$938K	10x	as long as short
edgeX SPCXUSDC	+0.0365%	4h	152.24	+0.013%	$1.7M	$891K	20x	as long as short
Phoenix SPCX	+0.0368%	1h	152.31	+0.059%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0410%	8h	152.36	+0.094%	$18.9M	$28.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.55	+0.217%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.27	+0.033%	$392K	$502K	20x	as long as short