SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0504%/8h= −55.2% APRnext payment −$0.63 per $10,000 · paid last 24h −0.030%

Price spread now: ApeX Omni against Deribit+0.059%74s7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.443% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.025%+$3 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.059%, 7d avg +0.006%

Together, before fees−0.015%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.053% dearer against Deribit than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of +0.006%): +$5 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.025% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.63 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPCX_USDC-PERPETUAL	152.39	0.0604	pay 0.0075% / 1h	26m 02s	$89K	$1.3M	10x
Short	ApeX Omni SPCXUSDT	152.48	0.0100	get 0.0013% / 1h	26m 02s	$58K	$272K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now +0.059%Rate

Funding earned: −$105.8
Price spread: +0.059% → +0.006%: $5.28
Slippage, 4 orders: −$27.26
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$144.78
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from Deribit: live order book, 3 min ago; ApeX Omni: live order book, 16 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 Deribit live order book, 3 min ago	4.92 bp	9.1 bp −$9	10.7 bp −$107	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 16 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	−0.036%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0001%	8h	152.41	+0.013%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.42	+0.020%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.40	+0.007%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.44	+0.033%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.211%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.007%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.210%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.47	+0.052%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.34	−0.031%	$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	152.35	−0.026%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.38	−0.007%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.33	−0.039%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	−0.039%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.41	+0.013%	$1.7M	$98K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.39	0.000%	$531K	$379K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.23	−0.105%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.44	+0.035%	$393K	$505K	20x	as long as short
Variational Omni SPCX	+0.0098%	8h	152.42	+0.019%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.29	−0.066%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.27	−0.079%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.48	+0.059%	$58K	$272K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.41	+0.013%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.40	+0.009%	$88	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0107%	1h	152.33	−0.039%	$130.1M	$129.1M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0109%	8h	152.42	+0.020%	$101	—	5x	as long as short
Binance SPCXUSDT	+0.0120%	8h	152.43	+0.024%	$251.7M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0120%	1h	152.39	−0.002%	$733K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0129%	8h	152.44	+0.033%	$39.5M	$166.7M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0135%	1h	152.36	−0.020%	$487K	$1.2M	10x	as long as short
Lighter SPCX	+0.0136%	1h	152.37	−0.013%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.020%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.43	+0.026%	$443K	$266K	15x	as long as short
edgeX SPCXUSDC	+0.0217%	4h	152.44	+0.035%	$1.7M	$890K	20x	as long as short
Nado SPCX-PERP	+0.0258%	1h	152.24	−0.101%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0291%	1h	152.42	+0.021%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0385%	8h	152.53	+0.091%	$18.9M	$29.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.276%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUALlong	+0.0604%	1h	152.39	long leg	$89K	$1.3M	10x