Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.045%

Price spread now: ApeX Omni against BloFin−0.098%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs+$3as in the Funding arb table

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

costs, in and out, $10k−$390.386% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.417%+$42 on $10k

Price spread, last 4 days (all we have)+0.115%+$11 · spread now −0.098%, 7d avg −0.008%

Together, before fees+0.531%+$53 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.090% cheaper against BloFin than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of −0.008%). If the spread goes back, that is −$9 on $10k: about 3.8 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.417% in total) that is about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	152.37	0.0021	pay 0.0021% / 8h	45m 59s	$1.9M	$1.2M	75x
Short	ApeX Omni SPCXUSDT	152.22	0.0100	get 0.0013% / 1h	45m 59s	$58K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.098%Rate

Funding earned: $16.68
Price spread: −0.098% → −0.008%: −$9.02
Slippage, 4 orders: −$16.63
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$30.97
Costs to cover: 0.386%
Break-even: 20.0 days

Slippage from BloFin: live order book, 2 min ago; ApeX Omni: live order book, 56 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 BloFin live order book, 2 min ago	0.33 bp	6.7 bp −$7	7.5 bp −$75	9.7 bp −$969	13.4 bp −$6,720
Sell ApeX Omni live order book, 56 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	152.22	−0.095%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.29	−0.053%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.33	−0.026%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.229%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.35	−0.013%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.52	+0.098%	$8K	$894K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.38	+0.007%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0012%	8h	152.32	−0.033%	$30.5M	$42.7M	100x	as long as short
BloFin SPCX-USDTlong	+0.0021%	8h	152.37	long leg	$1.9M	$1.2M	75x
Aftermath Perps SPCXUSD	+0.0027%	1h	152.24	−0.087%	$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 SPCX	+0.0032%	1h	152.25	−0.079%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.23	−0.092%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.23	−0.092%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.29	−0.053%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.20	−0.112%	$129.9M	$129.2M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.26	−0.072%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.27	−0.066%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.30	−0.046%	$530K	$374K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.11	−0.171%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.29	−0.053%	$1.2M	$5.5M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.22	−0.098%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.19	−0.118%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.22	−0.098%	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.29	−0.053%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.30	−0.047%	$88	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0107%	8h	152.31	−0.041%	$101	—	5x	as long as short
Bullet SPCX-USD	+0.0125%	1h	152.31	−0.039%	$11K	$192K	10x	as long as short
Variational Omni SPCX	+0.0128%	8h	152.20	−0.115%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0140%	8h	152.31	−0.039%	$252.9M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.27	−0.066%	$724K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0153%	8h	152.34	−0.020%	$39.7M	$166.6M	75x	as long as short
Nado SPCX-PERP	+0.0174%	1h	152.22	−0.097%	$627K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	−0.020%	$728K	$938K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0276%	1h	152.26	−0.072%	$89K	$1.4M	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.23	−0.092%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0407%	8h	152.41	+0.029%	$18.9M	$28.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.55	+0.118%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.37	0.000%	$391K	$502K	20x	as long as short
edgeX SPCXUSDC	+0.0522%	4h	152.20	−0.109%	$1.7M	$892K	20x	as long as short