Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.009%

Price spread now: Binance against ApeX Omni−0.010%109s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as 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−$380.376% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.010%, 7d avg +0.012%

Together, before fees−0.114%−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.022% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.010% now, against its 7-day average of +0.012%). If the spread goes back, that is −$2 on $10k: about 39 hours of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.163%, so the current rate has only just turned in your favour. The two prices were read 109 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	ApeX Omni SPCXUSDT	153.12	0.0100	pay 0.0013% / 1h	13m 34s	$58K	$271K	50x
Short	Binance SPCXUSDT	153.10	0.0144	get 0.0144% / 8h	4h 13m	$251.1M	$1.37B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.010%Rate

Funding earned: $9.27
Price spread: −0.010% → +0.012%: −$2.17
Slippage, 4 orders: −$17.64
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$30.54
Costs to cover: 0.376%
Break-even: 30.1 days

Slippage from ApeX Omni: live order book, 44 min ago; Binance: live order book, 15 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 ApeX Omni live order book, 44 min ago	7.51 bp	13.4 bp −$13	37.2 bp −$372	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.33 bp	5.3 bp −$5	5.6 bp −$56	9.8 bp −$979	22.3 bp −$11.1K

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 −0.0253% / S +0.0486%	1h	153.04	−0.049%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.11	−0.007%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.08	−0.026%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.12	0.000%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.673%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.01	−0.072%	$302K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.36	+0.157%	$7K	$940K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.15	+0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	153.04	−0.054%	$8K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0025%	8h	153.13	+0.007%	$1.9M	$1.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	153.03	−0.059%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.02	−0.065%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.072%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.07	−0.033%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.05	−0.046%	$1.2M	$6.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.03	−0.059%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.06	−0.039%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.11	−0.007%	$533K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−0.137%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	153.10	−0.011%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	153.00	−0.078%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.01	−0.072%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDTlong	+0.0100%	1h	153.12	long leg	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.08	−0.026%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.06	−0.036%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0108%	1h	153.04	−0.052%	$141.4M	$119.0M	20x	as long as short
Bullet SPCX-USD	+0.0114%	1h	153.11	−0.007%	$12K	$191K	10x	as long as short
Variational Omni SPCX	+0.0130%	8h	153.08	−0.027%	$6.0M	$3.0M	—	as long as short
Nado SPCX-PERP	+0.0133%	1h	152.99	−0.085%	$617K	$819K	20x	as long as short
Extended SPCX-USD	+0.0144%	1h	153.07	−0.035%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDTshort	+0.0144%	8h	153.10	−0.010%	$251.1M	$1.37B	75x
OKX SPCX-USDT-SWAP	+0.0146%	8h	153.12	0.000%	$39.5M	$166.8M	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.11	−0.009%	$410K	$530K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	153.04	−0.052%	$78K	$1.2M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.10	−0.013%	$738K	$926K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.09	−0.020%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0406%	8h	153.18	+0.038%	$18.9M	$21.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.50	+0.248%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0733%	4h	153.08	−0.027%	$1.7M	$894K	20x	as long as short