Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h +0.010%

Price spread now: ApeX Omni against OKX−0.052%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$390.385% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.191%+$19 on $10k

Price spread, last 4 days (all we have)+0.338%+$34 · spread now −0.052%, 7d avg +0.010%

Together, before fees+0.529%+$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.062% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.010%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.191%, 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	OKX SPCX-USDT-SWAP	152.85	0.0160	pay 0.0160% / 8h	3h 40m	$39.6M	$166.0M	75x
Short	ApeX Omni SPCXUSDT	152.77	0.0100	get 0.0013% / 1h	40m 55s	$58K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.052%Rate

Funding earned: −$12.5
Price spread: −0.052% → +0.010%: −$6.25
Slippage, 4 orders: −$18.52
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$57.27
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from OKX: live order book, 3 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 OKX live order book, 3 min ago	0.33 bp	5.3 bp −$5	5.8 bp −$58	11.7 bp −$1,171	doesn't fit
Sell ApeX Omni live order book, 11 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	152.82	−0.016%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.82	−0.020%	$96.2M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.88	+0.020%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.875%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.92	+0.046%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.10	+0.164%	$8K	$929K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.92	+0.046%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0018%	8h	152.84	−0.007%	$30.7M	$42.6M	100x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.76	−0.059%	$2.5M	$7.3M	20x	as long as short
Aftermath Perps SPCXUSD	+0.0032%	1h	152.86	+0.008%	$7K	$8K	10x	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	+0.0037%	8h	152.88	+0.020%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.81	−0.026%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.80	−0.033%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.81	−0.026%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.83	−0.013%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.85	0.000%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.71	−0.092%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.83	−0.013%	$1.2M	$5.8M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.77	−0.052%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.76	−0.059%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.77	−0.052%	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.86	+0.007%	$15K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0104%	8h	152.87	+0.015%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.85	−0.001%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0142%	8h	152.85	−0.001%	$6.0M	$2.9M	—	as long as short
Lighter SPCX	+0.0152%	1h	152.80	−0.033%	$1.6M	$7.3M	20x	as long as short
Binance SPCXUSDT	+0.0157%	8h	152.84	−0.009%	$248.5M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAPlong	+0.0160%	8h	152.85	long leg	$39.6M	$166.0M	75x
Extended SPCX-USD	+0.0160%	1h	152.81	−0.029%	$738K	$3.8M	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.87	+0.012%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	+0.033%	$741K	$939K	10x	as long as short
Nado SPCX-PERP	+0.0252%	1h	152.71	−0.089%	$615K	$810K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.85	0.000%	$444K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0281%	1h	152.86	+0.007%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0283%	1h	152.79	−0.039%	$141.2M	$119.3M	20x	as long as short
Aster SPCXUSD1	+0.0431%	8h	152.94	+0.059%	$19.0M	$23.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.255%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0601%	1h	152.82	−0.020%	$84K	$1.2M	10x	as long as short
edgeX SPCXUSDC	+0.0694%	4h	152.87	+0.013%	$1.7M	$891K	20x	as long as short