Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0137%/8h= +15.1% APRpaid last 24h −0.015%

Price spread now: Variational Omni against Ondo Perps+0.082%7-day average +0.062% · you sell dearer than you buy

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

Long on Ondo Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.065%−$6 on $10k

Price spread, last 7 days+0.008%+$1 · spread now +0.082%, 7d avg +0.062%

Together, before fees−0.056%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Variational Omni is 0.020% dearer against Ondo Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.062%. Mind the row above: over the last 3 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SPCX-USD.P	152.87	0.0050	pay 0.0006% / 1h	46m 53s	$3.2M	$2.7M	10x
Short	Variational Omni SPCX	153.00	0.0188	get 0.0188% / 8h	46m 53s	$6.0M	$3.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Ondo Perps. 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 Ondo PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.082%Rate

Funding earned: $28.86
Price spread: +0.082% → +0.062%: $2.05
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $25.91
Costs to cover: 0.050%
Break-even: 0.7 days

Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 2 min ago	2.32 bp	doesn't fit	3.0 bp −$30	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0272% / S +0.0488%	1h	152.94	+0.043%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.94	+0.046%	$96.6M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.850%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.89	+0.013%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.15	+0.183%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.97	+0.065%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.96	+0.056%	$8K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.90	+0.020%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.89	+0.013%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.865%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.89	+0.013%	$106K	$296K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.92	+0.033%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.92	+0.033%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.95	+0.052%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.96	+0.059%	$538K	$405K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.87	long leg	$3.2M	$2.7M	10x
QFEX SPCX-USD	+0.0052%	1h	152.91	+0.026%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0080%	8h	152.93	+0.040%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0083%	8h	153.06	+0.124%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0085%	1h	152.93	+0.039%	$11K	$188K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.87	0.000%	$173K	$132K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.85	−0.013%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	+0.039%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.98	+0.072%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	+0.062%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0143%	8h	152.97	+0.065%	$30.7M	$42.7M	100x	as long as short
Variational Omni SPCXshort	+0.0188%	8h	153.00	+0.082%	$6.0M	$3.5M	—
OKX SPCX-USDT-SWAP	+0.0193%	8h	152.97	+0.065%	$39.0M	$169.5M	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.93	+0.040%	$734K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0203%	8h	152.96	+0.057%	$253.9M	$1.38B	75x	as long as short
Phoenix SPCX	+0.0261%	1h	153.01	+0.092%	$446K	$269K	15x	as long as short
Nado SPCX-PERP	+0.0264%	1h	152.84	−0.017%	$602K	$884K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0273%	1h	152.94	+0.046%	$143.6M	$118.5M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.065%	$733K	$970K	10x	as long as short
Aster SPCXUSD1	+0.0281%	8h	153.04	+0.110%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0309%	8h	152.97	+0.065%	$31.2M	$67.2M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0339%	1h	152.92	+0.033%	$71K	$1.0M	10x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	153.03	+0.105%	$403K	$538K	20x	as long as short
edgeX SPCXUSDC	+0.0820%	4h	152.96	+0.062%	$1.7M	$893K	20x	as long as short