Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Extended+0.012%7-day average +0.087% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.052%+$5 · spread now +0.012%, 7d avg +0.087%

Together, before fees+0.052%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Variational Omni is 0.075% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.087%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPCX-USD	153.05	0.0168	pay 0.0021% / 1h	46m 37s	$738K	$3.8M	10x
Short	Variational Omni SPCX	153.07	0.0158	get 0.0158% / 8h	4h 46m	$6.0M	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.012%Rate

Funding earned: −$2.07
Price spread: +0.012% → +0.087%: −$7.5
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.57
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 2 min ago; Variational Omni: RFQ quote, 3 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 Extended live order book, 2 min ago	0.33 bp	2.8 bp −$3	5.5 bp −$55	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.35 bp	doesn't fit	2.4 bp −$24	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 −0.0314% / S +0.0531%	1h	153.04	−0.003%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.08	+0.019%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.06	+0.006%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.10	+0.033%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.725%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.99	−0.039%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.137%	$8K	$937K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.09	+0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.04	−0.008%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.02	−0.020%	$1.6M	$7.3M	20x	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	152.98	−0.046%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.026%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.06	+0.006%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.03	−0.013%	$1.2M	$6.3M	10x	as long as short
BloFin SPCX-USDT	+0.0047%	8h	153.08	+0.019%	$1.9M	$1.4M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.03	−0.013%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	0.000%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.09	+0.026%	$533K	$398K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−0.092%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0066%	8h	153.08	+0.022%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0074%	1h	153.02	−0.020%	$141.4M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0077%	1h	153.08	+0.017%	$11K	$192K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.97	−0.052%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.95	−0.065%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.07	+0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	+0.001%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0135%	1h	152.97	−0.052%	$617K	$826K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	153.03	−0.013%	$73K	$1.2M	10x	as long as short
Variational Omni SPCXshort	+0.0158%	8h	153.07	+0.012%	$6.0M	$3.1M	—
OKX SPCX-USDT-SWAP	+0.0160%	8h	153.07	+0.013%	$39.5M	$167.0M	75x	as long as short
Binance SPCXUSDT	+0.0166%	8h	153.09	+0.026%	$252.4M	$1.37B	75x	as long as short
Extended SPCX-USDlong	+0.0168%	1h	153.05	long leg	$738K	$3.8M	10x
RISEx SPCX/USDC	+0.0191%	1h	153.12	+0.044%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.007%	$738K	$964K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.08	+0.019%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.14	+0.056%	$19.0M	$19.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.32	+0.176%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0459%	4h	153.06	+0.009%	$1.7M	$893K	20x	as long as short