Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0268%/8h= −29.4% APRpaid last 24h −0.033%

Price spread now: Variational Omni against RISEx−0.027%49s7-day average −0.042% · you buy dearer than you sell

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

Long on RISEx Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.075%−$7 on $10k

Price spread, last 4 days (all we have)−0.274%−$27 · spread now −0.027%, 7d avg −0.042%

Together, before fees−0.349%+ Points / potential airdropVariational Omni: Active · farm board−$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.075% in total (about -8.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SPCX/USDC	152.69	0.0462	pay 0.0058% / 1h	3m 39s	$393K	$539K	20x
Short	Variational Omni SPCX	152.65	0.0194	get 0.0194% / 8h	2h 03m	$6.1M	$4.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against RISEx. 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 RISExbpFee Variational OmnibpOrdersPrice spread, now −0.027%Rate

Funding earned: −$56.34
Price spread: −0.027% → −0.042%: $1.49
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$60.85
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 20 min ago; Variational Omni: RFQ quote, 1 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 RISEx live order book, 20 min ago	0.98 bp	4.0 bp −$4	5.5 bp −$55	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.33 bp	doesn't fit	3.6 bp −$36	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 −0.0335% / S +0.0533%	1h	152.63	−0.043%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.65	−0.026%	$96.5M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+12.975%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.65	−0.026%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.098%	$8K	$991K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.63	−0.039%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.61	−0.052%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	−0.079%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.986%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.66	−0.020%	—	$1.1M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps SPCX-USD	+0.0050%	1h	152.61	−0.052%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.63	−0.039%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.65	−0.026%	$540K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.49	−0.131%	$3.2M	$2.6M	10x	as long as short
Lighter SPCX	+0.0056%	1h	152.58	−0.072%	$1.6M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0057%	1h	152.63	−0.039%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0092%	8h	152.65	−0.024%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0096%	8h	152.65	−0.026%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.58	−0.072%	$175K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−0.111%	$13.0M	$5.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.69	0.000%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.69	0.000%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.67	−0.010%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0155%	8h	152.67	−0.013%	$30.7M	$42.3M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0183%	1h	152.62	−0.046%	$129.9M	$107.3M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0186%	8h	152.66	−0.020%	$39.0M	$168.2M	75x	as long as short
Variational Omni SPCXshort	+0.0194%	8h	152.65	−0.027%	$6.1M	$4.3M	—
Bullet SPCX-USD	+0.0196%	1h	152.64	−0.033%	$12K	$190K	10x	as long as short
Extended SPCX-USD	+0.0216%	1h	152.63	−0.038%	$715K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0217%	8h	152.64	−0.033%	$256.1M	$1.38B	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.71	+0.013%	$741K	$947K	10x	as long as short
Aster SPCXUSD1	+0.0246%	8h	152.69	0.000%	$19.0M	$21.3M	20x	as long as short
Phoenix SPCX	+0.0262%	1h	152.68	−0.007%	$371K	$191K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0274%	1h	152.64	−0.033%	$71K	$1.1M	10x	as long as short
Arcus SPCX-USD	+0.0293%	1h	152.58	−0.072%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0299%	1h	152.53	−0.104%	$625K	$878K	20x	as long as short
Bitget SPCXUSDT	+0.0342%	8h	152.65	−0.026%	$31.1M	$66.5M	75x	as long as short
RISEx SPCX/USDClong	+0.0462%	1h	152.69	long leg	$393K	$539K	20x
edgeX SPCXUSDC	+0.0551%	4h	152.68	−0.003%	$1.7M	$892K	20x	as long as short