Funding you earn now, next payment 23:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h −0.040%
Price spread now: Variational Omni against Phoenix−0.049%54s7-day average 0.000% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.074%−$7 on $10k
+Price spread, last 3 days (all we have)+0.118%+$12 · spread now −0.049%, 7d avg 0.000%
=Together, before fees+0.044%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.049% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of 0.000%). Swap the legs. The two prices were read 54 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 | Phoenix SPCX | 153.07 | 0.0261 | pay 0.0033% / 1h | 50m 30s | $446K | $269K | 15x |
| Short | Variational Omni SPCX | 152.99 | 0.0188 | get 0.0188% / 8h | 50m 30s | $6.0M | $3.9M | — |
Phoenix SPCX
Variational Omni SPCXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$15.32
- Price spread: −0.049% → 0.000%
- −$4.93
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$27.25
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 26 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 Phoenix live order book, 26 min ago | 0.33 bp | 7.8 bp −$8 | 25.9 bp −$259 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 2.35 bp | doesn't fit | 2.8 bp −$28 | 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 −0.0272% / S +0.0488% | 1h | 153.00 | −0.042% | $89K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.98 | −0.059% | $96.7M | $31.2M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.51 | +12.703% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.92 | −0.098% | $302K | $3.1M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.23 | +0.105% | $8K | $973K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 153.03 | −0.026% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0028% | 1h | 153.02 | −0.035% | $8K | $10K | 10x | as long as short |
| Lighter SPCX | +0.0032% | 1h | 152.96 | −0.072% | $1.6M | $7.4M | 20x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.96 | −0.072% | $2.5M | $7.6M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0033% | 1h | 157.25 | +2.731% | $9K | $27K | 5.5x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Lighter SPCX
Lighter RH SPCX
Injective SPCX/USDC PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPCX-USD | +0.0040% | 1h | 152.95 | −0.078% | $106K | $296K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.97 | −0.065% | — | $1.2M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.98 | −0.059% | $490K | $1.1M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 153.00 | −0.046% | $1.7M | $79K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 153.00 | −0.046% | $539K | $404K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.90 | −0.111% | $3.2M | $2.7M | 10x | as long as short |
| QFEX SPCX-USD | +0.0052% | 1h | 152.99 | −0.052% | $1.2M | $7.6M | 10x | as long as short |
| Bullet SPCX-USD | +0.0078% | 1h | 153.01 | −0.042% | $11K | $188K | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0082% | 8h | 153.00 | −0.049% | $101 | — | 5x | as long as short |
| BloFin SPCX-USDT | +0.0086% | 8h | 153.06 | −0.007% | $1.9M | $1.4M | 75x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.92 | −0.098% | $173K | $136K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.87 | −0.131% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.94 | −0.085% | $58K | $270K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 153.03 | −0.026% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 153.04 | −0.022% | $89 | — | 10x | as long as short |
| Bybit SPCXUSDT | +0.0144% | 8h | 153.02 | −0.033% | $30.8M | $42.7M | 100x | as long as short |
| Variational Omni SPCXshort | +0.0188% | 8h | 152.99 | −0.049% | $6.0M | $3.9M | — | |
| OKX SPCX-USDT-SWAP | +0.0195% | 8h | 153.01 | −0.039% | $39.0M | $169.5M | 75x | as long as short |
| Binance SPCXUSDT | +0.0206% | 8h | 153.02 | −0.035% | $254.0M | $1.38B | 75x | as long as short |
| Extended SPCX-USD | +0.0208% | 1h | 152.98 | −0.058% | $734K | $3.6M | 10x | as long as short |
| Nado SPCX-PERP | +0.0253% | 1h | 152.91 | −0.105% | $603K | $883K | 20x | as long as short |
| Phoenix SPCXlong | +0.0261% | 1h | 153.07 | long leg | $446K | $269K | 15x | |
| Coinbase International SPCX-PERP-INTX | +0.0280% | 1h | 152.97 | −0.065% | $733K | $970K | 10x | as long as short |
| Aster SPCXUSD1 | +0.0281% | 8h | 153.10 | +0.017% | $19.0M | $21.3M | 20x | as long as short |
| tradeXYZ xyz:SPCX | +0.0282% | 1h | 153.00 | −0.046% | $143.7M | $118.3M | 20x | as long as short |
| Bitget SPCXUSDT | +0.0311% | 8h | 153.02 | −0.033% | $31.2M | $67.2M | 75x | as long as short |
| RISEx SPCX/USDC | +0.0339% | 1h | 153.07 | 0.000% | $403K | $538K | 20x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0404% | 1h | 153.00 | −0.046% | $71K | $1.0M | 10x | as long as short |
| edgeX SPCXUSDC | +0.0821% | 4h | 153.05 | −0.014% | $1.7M | $892K | 20x | as long as short |
Arcus SPCX-USD
Vest SPCX-USD-PERP
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
QFEX SPCX-USD
Bullet SPCX-USD
Paradex SPCX-USD-PERP
BloFin SPCX-USDT
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Bybit SPCXUSDT
OKX SPCX-USDT-SWAP
Binance SPCXUSDT
Extended SPCX-USD
Nado SPCX-PERP
Coinbase International SPCX-PERP-INTX
Aster SPCXUSD1
tradeXYZ xyz:SPCX
Bitget SPCXUSDT
RISEx SPCX/USDC
Deribit SPCX_USDC-PERPETUAL
edgeX SPCXUSDC