Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h −0.011%

Price spread now: Variational Omni against ApeX Omni+0.010%103s7-day average +0.001% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.090%−$9 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.010%, 7d avg +0.001%

Together, before fees−0.189%+ Points / potential airdropVariational Omni: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour. The two prices were read 103 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	152.32	0.0100	pay 0.0013% / 1h	39m 43s	$58K	$271K	50x
Short	Variational Omni SPCX	152.34	0.0127	get 0.0127% / 8h	39m 43s	$5.9M	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.010%Rate

Funding earned: $5.7
Price spread: +0.010% → +0.001%: $0.9
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.39
Costs to cover: 0.100%
Break-even: 11.2 days

Slippage unknown: ApeX Omni: live order book, 62 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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, 62 min ago	7.54 bp	12.5 bp −$13	38.8 bp −$388	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.36 bp	doesn't fit	3.7 bp −$37	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	152.28	−0.030%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.33	+0.007%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.36	+0.026%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.266%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	+0.039%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.57	+0.164%	$8K	$893K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.42	+0.066%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0014%	8h	152.34	+0.013%	$30.5M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0021%	8h	152.38	+0.039%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.29	−0.023%	$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	152.28	−0.026%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.26	−0.039%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.26	−0.039%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.34	+0.013%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.27	−0.033%	$129.9M	$129.2M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.32	0.000%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.31	−0.007%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.35	+0.020%	$530K	$373K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.19	−0.085%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.32	0.000%	$1.2M	$5.5M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.25	−0.046%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.22	−0.066%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDTlong	+0.0100%	1h	152.32	long leg	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.36	+0.026%	$14K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0101%	8h	152.33	+0.009%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.35	+0.021%	$88	—	10x	as long as short
Variational Omni SPCXshort	+0.0127%	8h	152.34	+0.010%	$5.9M	$2.8M	—
Binance SPCXUSDT	+0.0141%	8h	152.33	+0.007%	$252.8M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.30	−0.012%	$725K	$4.0M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.29	−0.020%	$89K	$1.4M	10x	as long as short
Bullet SPCX-USD	+0.0154%	1h	152.36	+0.026%	$11K	$193K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0155%	8h	152.36	+0.026%	$39.7M	$166.8M	75x	as long as short
Nado SPCX-PERP	+0.0181%	1h	152.25	−0.047%	$627K	$803K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.013%	$728K	$930K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.35	+0.020%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0407%	8h	152.46	+0.092%	$18.9M	$28.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.55	+0.151%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.40	+0.052%	$381K	$507K	20x	as long as short
edgeX SPCXUSDC	+0.0472%	4h	152.32	+0.001%	$1.7M	$890K	20x	as long as short