Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against HTX−0.013%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

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

costs, in and out, $10k−$470.474% of the position

Long on HTX 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)+0.081%+$8 · spread now −0.013%, 7d avg −0.004%

Together, before fees+0.295%+$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SPCX-USDT	152.98	0	get 0.0000% / 8h	3h 44m	$1.3M	$1.7M	75x
Short	ApeX Omni SPCXUSDT	152.96	0.0100	get 0.0013% / 1h	44m 28s	$58K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now −0.013%Rate

Funding earned: $21
Price spread: −0.013% → −0.004%: −$0.87
Slippage, 4 orders: −$25.36
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$27.23
Costs to cover: 0.474%
Break-even: 16.1 days

Slippage from HTX: live order book, 4 min ago; ApeX Omni: live order book, 8 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 HTX live order book, 4 min ago	1.31 bp	9.1 bp −$9	9.8 bp −$98	14.0 bp −$1,402	doesn't fit
Sell ApeX Omni live order book, 8 min ago	7.52 bp	14.8 bp −$15	48.2 bp −$482	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 −0.0214% / S +0.0456%	1h	152.84	−0.088%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.87	−0.072%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.93	−0.033%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.778%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.96	−0.013%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.12	+0.092%	$8K	$934K	10x	as long as short
HTX SPCX-USDTlong	0.0000%	8h	152.98	long leg	$1.3M	$1.7M	75x
Bybit SPCXUSDT	+0.0014%	8h	152.88	−0.065%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.86	−0.077%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.81	−0.111%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SPCX-USDT	+0.0035%	8h	152.90	−0.052%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.82	−0.105%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.86	−0.078%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.82	−0.105%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.86	−0.078%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.87	−0.072%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.79	−0.124%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.88	−0.065%	$1.2M	$5.8M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0097%	8h	152.90	−0.053%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.79	−0.124%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.81	−0.111%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.96	−0.013%	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.88	−0.065%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.90	−0.049%	$89	—	10x	as long as short
Lighter SPCX	+0.0136%	1h	152.83	−0.098%	$1.6M	$7.3M	20x	as long as short
Variational Omni SPCX	+0.0141%	8h	152.91	−0.047%	$6.0M	$2.9M	—	as long as short
Extended SPCX-USD	+0.0152%	1h	152.85	−0.086%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0155%	8h	152.89	−0.062%	$248.5M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	152.91	−0.046%	$39.6M	$166.1M	75x	as long as short
edgeX SPCXUSDC	+0.0206%	4h	152.89	−0.057%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.94	−0.029%	$409K	$517K	20x	as long as short
Nado SPCX-PERP	+0.0244%	1h	152.75	−0.149%	$615K	$810K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	−0.052%	$741K	$939K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.93	−0.033%	$445K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0272%	1h	152.90	−0.052%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0277%	1h	152.82	−0.105%	$141.3M	$119.2M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0405%	1h	152.87	−0.072%	$84K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0429%	8h	153.01	+0.017%	$19.0M	$22.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.170%	$9K	$28K	5.5x	as long as short