Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.008%

Price spread now: ApeX Omni against Bitget+0.039%7-day average −0.001% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now +0.039%, 7d avg −0.001%

Together, before fees+0.242%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.040% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPCXUSDT	152.42	0	get 0.0000% / 8h	1h 26m	$31.2M	$66.0M	75x
Short	ApeX Omni SPCXUSDT	152.48	0.0100	get 0.0013% / 1h	26m 47s	$58K	$272K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.039%Rate

Funding earned: $21
Price spread: +0.039% → −0.001%: $3.99
Slippage, 4 orders: −$17.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$14.27
Costs to cover: 0.393%
Break-even: 11.8 days

Slippage from Bitget: live order book, 2 min ago; ApeX Omni: 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 Bitget live order book, 2 min ago	0.33 bp	6.8 bp −$7	8.1 bp −$81	26.2 bp −$2,615	39.9 bp −$20.0K
Sell ApeX Omni live order book, 15 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 −0.0187% / S +0.0435%	1h	152.34	−0.056%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0001%	8h	152.41	−0.007%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.39	−0.020%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.38	−0.026%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDTlong	0.0000%	8h	152.42	long leg	$31.2M	$66.0M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.189%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.026%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.190%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.51	+0.059%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.34	−0.051%	$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
Lighter RH SPCX	+0.0032%	1h	152.34	−0.052%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.40	−0.013%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.34	−0.052%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.35	−0.046%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.39	−0.020%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.38	−0.026%	$531K	$379K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.26	−0.105%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.45	+0.017%	$393K	$505K	20x	as long as short
Variational Omni SPCX	+0.0098%	8h	152.42	−0.001%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.31	−0.072%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.27	−0.098%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.48	+0.039%	$58K	$272K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.41	−0.007%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.40	−0.012%	$88	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0106%	1h	152.29	−0.085%	$130.0M	$129.1M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0107%	8h	152.43	+0.005%	$101	—	5x	as long as short
Binance SPCXUSDT	+0.0119%	8h	152.39	−0.017%	$251.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0120%	1h	152.36	−0.038%	$733K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0128%	8h	152.42	0.000%	$39.5M	$166.7M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0132%	1h	152.38	−0.026%	$487K	$1.2M	10x	as long as short
Lighter SPCX	+0.0136%	1h	152.35	−0.046%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.039%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.43	+0.007%	$443K	$266K	15x	as long as short
edgeX SPCXUSDC	+0.0217%	4h	152.44	+0.015%	$1.7M	$890K	20x	as long as short
Nado SPCX-PERP	+0.0257%	1h	152.27	−0.101%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0290%	1h	152.42	0.000%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0385%	8h	152.51	+0.061%	$18.9M	$28.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.256%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0538%	1h	152.37	−0.033%	$89K	$1.3M	10x	as long as short