Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h 0.000%

Price spread now: Variational Omni against StandX−0.029%7-day average −0.022% · you buy dearer than you sell

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

Long on StandX 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+0.004%$0 · spread now −0.029%, 7d avg −0.022%

Together, before fees+0.004%+ Points / potential airdropStandX: Active · Variational Omni: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX SPCX-USD	152.68	0	get 0.0000% / 1h	29m 02s	$302K	$3.1M	20x
Short	Variational Omni SPCX	152.64	0.0180	get 0.0180% / 8h	1h 29m	$6.0M	$3.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against StandX. 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 StandXbpFee Variational OmnibpOrdersPrice spread, now −0.029%Rate

Funding earned: $37.75
Price spread: −0.029% → −0.022%: −$0.71
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $29.04
Costs to cover: 0.080%
Break-even: 1.6 days

Slippage unknown: StandX: live order book, 5 min ago; Variational Omni: RFQ quote, 5 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 StandX live order book, 5 min ago	3.93 bp	7.9 bp −$8	14.6 bp −$146	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.33 bp	doesn't fit	2.9 bp −$29	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	152.62	−0.043%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.61	−0.046%	$96.5M	$30.9M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.991%	$4K	$882	10x	as long as short
StandX SPCX-USDlong	0.0000%	1h	152.68	long leg	$302K	$3.1M	20x
SunX SPCX-USDT	0.0000%	8h	152.84	+0.105%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.65	−0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	152.59	−0.058%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.57	−0.072%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.56	−0.079%	$2.4M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.993%	$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
Vest SPCX-USD-PERP	+0.0046%	1h	152.60	−0.052%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.59	−0.059%	$488K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.62	−0.039%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	−0.039%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.51	−0.111%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.62	−0.039%	$1.2M	$7.6M	10x	as long as short
Bullet SPCX-USD	+0.0066%	1h	152.63	−0.033%	$11K	$189K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0069%	8h	152.62	−0.042%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0078%	8h	152.69	+0.007%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.57	−0.072%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−0.105%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.57	−0.072%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.64	−0.026%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.64	−0.027%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0124%	1h	152.61	−0.046%	$129.9M	$107.5M	20x	as long as short
Bybit SPCXUSDT	+0.0137%	8h	152.63	−0.033%	$30.8M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0179%	8h	152.64	−0.026%	$38.9M	$168.4M	75x	as long as short
Variational Omni SPCXshort	+0.0180%	8h	152.64	−0.029%	$6.0M	$3.9M	—
Binance SPCXUSDT	+0.0198%	8h	152.64	−0.029%	$255.5M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.61	−0.048%	$715K	$3.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.60	−0.052%	$70K	$1.1M	10x	as long as short
Nado SPCX-PERP	+0.0216%	1h	152.54	−0.093%	$625K	$871K	20x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.56	−0.079%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0244%	8h	152.70	+0.012%	$19.0M	$21.8M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	+0.020%	$741K	$947K	10x	as long as short
Bitget SPCXUSDT	+0.0314%	8h	152.67	−0.007%	$31.0M	$66.5M	75x	as long as short
Phoenix SPCX	+0.0314%	1h	152.65	−0.020%	$445K	$196K	15x	as long as short
edgeX SPCXUSDC	+0.0516%	4h	152.65	−0.022%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.68	+0.001%	$402K	$541K	20x	as long as short