Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h −0.010%

Price spread now: Variational Omni against Arcus+0.003%7-day average +0.060% · you sell dearer than you buy

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

Long on Arcus Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now +0.003%, 7d avg +0.060%

Together, before fees+0.041%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.057% cheaper against Arcus than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.060%). If the spread goes back, that is −$6 on $10k: about 3.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	152.27	0.0040	pay 0.0005% / 1h	57m 22s	$102K	$298K	5x
Short	Variational Omni SPCX	152.27	0.0098	get 0.0098% / 8h	7h 57m	$5.9M	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Arcus. 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 ArcusbpFee Variational OmnibpOrdersPrice spread, now +0.003%Rate

Funding earned: $12.2
Price spread: +0.003% → +0.060%: −$5.68
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $2.02
Costs to cover: 0.045%
Break-even: 5.8 days

Slippage unknown: Arcus: live order book, 41 min ago; Variational Omni: RFQ quote, 2 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 Arcus live order book, 41 min ago	6.90 bp	10.8 bp −$11	14.9 bp −$149	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.33 bp	doesn't fit	3.1 bp −$31	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	152.28	+0.003%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0008%	8h	152.36	+0.059%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.35	+0.053%	$30.6M	$42.8M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.32	+0.033%	$96.2M	$31.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.35	+0.053%	$31.1M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.299%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.34	+0.046%	$300K	$2.6M	20x	as long as short
Bullet SPCX-USD	0.0000%	1h	152.36	+0.060%	$11K	$192K	10x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.57	+0.197%	$8K	$881K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.32	+0.033%	$88K	$1.4M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SPCX-USDT	0.0000%	8h	152.36	+0.059%	$1.3M	$1.8M	75x	as long as short
Nado SPCX-PERP	+0.0006%	1h	152.24	−0.020%	$632K	$810K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0019%	1h	152.28	+0.007%	$129.7M	$129.5M	20x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.25	−0.015%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.31	+0.026%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.30	+0.020%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.26	−0.007%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USDlong	+0.0040%	1h	152.27	long leg	$102K	$298K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.35	+0.053%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.29	+0.013%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.32	+0.033%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.32	+0.033%	$530K	$369K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.17	−0.066%	$3.2M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0069%	8h	152.27	+0.001%	$100	—	5x	as long as short
Variational Omni SPCXshort	+0.0098%	8h	152.27	+0.003%	$5.9M	$2.8M	—
Pacifica SPCX	+0.0100%	1h	152.23	−0.026%	$168K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.18	−0.059%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.38	+0.072%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.37	+0.066%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.34	+0.043%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0112%	8h	152.35	+0.050%	$253.3M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.31	+0.026%	$723K	$5.3M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0127%	8h	152.39	+0.079%	$39.7M	$166.8M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.36	+0.062%	$381K	$506K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.34	+0.046%	$728K	$892K	10x	as long as short
edgeX SPCXUSDC	+0.0337%	4h	152.32	+0.033%	$1.7M	$889K	20x	as long as short
Phoenix SPCX	+0.0368%	1h	152.35	+0.053%	$444K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0381%	8h	152.44	+0.109%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.53	+0.171%	$9K	$28K	5.5x	as long as short