Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0022%/8h= −2.5% APRpaid last 24h +0.011%

Price spread now: ApeX Omni against Variational Omni−0.045%7-day average −0.001% · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.086%+$9 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.045%, 7d avg −0.001%

Together, before fees+0.070%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.044% cheaper against Variational Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.001%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.086%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPCX	152.52	0.0122	pay 0.0122% / 8h	2h 53m	$6.0M	$2.9M	—
Short	ApeX Omni SPCXUSDT	152.45	0.0100	get 0.0013% / 1h	53m 18s	$58K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now −0.045%Rate

Funding earned: −$4.72
Price spread: −0.045% → −0.001%: −$4.39
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$19.11
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; ApeX Omni: live order book, 59 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 Variational Omni RFQ quote, 1 min ago	2.33 bp	doesn't fit	2.9 bp −$29	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 59 min ago	7.52 bp	14.8 bp −$15	48.2 bp −$482	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 −0.0224% / S +0.0463%	1h	152.43	−0.061%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.52	+0.001%	$96.3M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.59	+0.047%	$31.4M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.119%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.55	+0.021%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.76	+0.158%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.57	+0.034%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0002%	8h	152.55	+0.021%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0012%	8h	152.54	+0.014%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.38	−0.089%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.43	−0.058%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.43	−0.058%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.50	−0.012%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.49	−0.019%	—	$1.2M	10x	as long as short
Lighter SPCX	+0.0048%	1h	152.46	−0.038%	$1.6M	$7.4M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.42	−0.064%	$131.1M	$128.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.49	−0.019%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.52	+0.001%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.56	+0.027%	$531K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.34	−0.117%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0062%	8h	152.56	+0.027%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.45	−0.045%	$169K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.39	−0.084%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.45	−0.045%	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.53	+0.008%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.53	+0.006%	$88	—	10x	as long as short
Variational Omni SPCXlong	+0.0122%	8h	152.52	long leg	$6.0M	$2.9M	—
Extended SPCX-USD	+0.0128%	1h	152.52	0.000%	$731K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0132%	8h	152.56	+0.027%	$250.7M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0142%	8h	152.56	+0.027%	$39.4M	$166.4M	75x	as long as short
Nado SPCX-PERP	+0.0169%	1h	152.42	−0.064%	$614K	$804K	20x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.56	+0.027%	$408K	$522K	20x	as long as short
Bullet SPCX-USD	+0.0240%	1h	152.56	+0.027%	$12K	$193K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.051%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.48	−0.025%	$443K	$266K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0341%	1h	152.50	−0.012%	$87K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0399%	8h	152.57	+0.037%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.67	+0.099%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0803%	4h	152.50	−0.011%	$1.7M	$892K	20x	as long as short