Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0157%/8h= +17.1% APRpaid last 24h +0.004%

Price spread now: Variational Omni against SoDEX−0.006%7-day average +0.021% · you buy dearer than you sell

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

Long on SoDEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.029%−$3 on $10k

Price spread, last 3 days (all we have)+0.127%+$13 · spread now −0.006%, 7d avg +0.021%

Together, before fees+0.098%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.027% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.021%). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SPCX-USD	152.93	0.0050	pay 0.0006% / 1h	33m 11s	$1.7M	$86K	20x
Short	Variational Omni SPCX	152.92	0.0207	get 0.0207% / 8h	7h 33m	$6.0M	$3.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SoDEX. 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 SoDEXbpFee Variational OmnibpOrdersPrice spread, now −0.006%Rate

Funding earned: $32.87
Price spread: −0.006% → +0.021%: −$2.68
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $22.19
Costs to cover: 0.080%
Break-even: 2.3 days

Slippage unknown: SoDEX: live order book, 1 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 SoDEX live order book, 1 min ago	0.33 bp	18.0 bp −$18	52.4 bp −$524	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.35 bp	doesn't fit	3.4 bp −$34	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 −0.0310% / S +0.0515%	1h	152.93	−0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.91	−0.013%	$96.4M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.808%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.81	−0.078%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.216%	$8K	$958K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.93	0.000%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.92	−0.008%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.89	−0.026%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.825%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.91	−0.013%	—	$1.2M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0048%	1h	152.90	−0.020%	$1.6M	$7.4M	20x	as long as short
SoDEX SPCX-USDlong	+0.0050%	1h	152.93	long leg	$1.7M	$86K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.95	+0.013%	$534K	$414K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.059%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	152.92	−0.007%	$1.2M	$7.4M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0068%	1h	152.92	−0.007%	$488K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0100%	8h	152.97	+0.025%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.85	−0.052%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.87	−0.039%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.052%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.99	+0.039%	$15K	$7K	10x	as long as short
BloFin SPCX-USDT	+0.0103%	8h	152.94	+0.007%	$1.9M	$1.4M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.94	+0.006%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0176%	8h	152.97	+0.026%	$30.7M	$42.7M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.89	−0.026%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0206%	8h	152.98	+0.033%	$39.2M	$168.9M	75x	as long as short
Variational Omni SPCXshort	+0.0207%	8h	152.92	−0.006%	$6.0M	$3.5M	—
Binance SPCXUSDT	+0.0223%	8h	152.97	+0.026%	$253.0M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.91	−0.014%	$735K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0231%	1h	152.80	−0.084%	$603K	$852K	20x	as long as short
Bullet SPCX-USD	+0.0251%	1h	152.95	+0.013%	$11K	$188K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0253%	1h	152.92	−0.007%	$143.1M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	152.93	0.000%	$445K	$271K	15x	as long as short
Bitget SPCXUSDT	+0.0323%	8h	153.00	+0.046%	$31.2M	$66.3M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	152.96	+0.020%	$733K	$981K	10x	as long as short
Aster SPCXUSD1	+0.0345%	8h	153.04	+0.071%	$19.0M	$18.4M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0404%	1h	152.92	−0.007%	$71K	$1.1M	10x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	152.99	+0.036%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0823%	4h	152.93	+0.001%	$1.7M	$893K	20x	as long as short