Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h +0.010%

Price spread now: Arcus against Variational Omni−0.032%7-day average −0.061% · you buy dearer than you sell

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

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.219%+$22 · spread now −0.032%, 7d avg −0.061%

Together, before fees+0.263%+ Points / potential airdropVariational Omni: Active · farm board+$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.029% dearer against Variational Omni than usual: you sell high and buy low (spread −0.032% now, against its 7-day average of −0.061%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPCX	153.00	0.0132	pay 0.0132% / 8h	3h 57m	$6.0M	$2.9M	—
Short	Arcus SPCX-USD	152.95	0.0040	get 0.0005% / 1h	57m 15s	$105K	$297K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$19.33
Price spread: −0.032% → −0.061%: $2.91
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$20.91
Costs to cover: 0.045%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Arcus: live order book, 61 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, 2 min ago	2.32 bp	doesn't fit	3.2 bp −$32	doesn't fit	doesn't fit
Sell Arcus live order book, 61 min ago	6.21 bp	9.6 bp −$10	12.5 bp −$125	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 −0.0214% / S +0.0456%	1h	152.94	−0.041%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.00	+0.001%	$30.7M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.95	−0.032%	$96.2M	$31.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.01	+0.008%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.766%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.97	−0.018%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.21	+0.138%	$7K	$936K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.09	+0.060%	$1.3M	$1.7M	75x	as long as short
BloFin SPCX-USDT	+0.0028%	8h	153.03	+0.021%	$1.9M	$1.4M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.93	−0.043%	$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	152.92	−0.051%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USDshort	+0.0040%	1h	152.95	−0.032%	$105K	$297K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.92	−0.051%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.95	−0.032%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.03	+0.021%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.103%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.94	−0.038%	$1.2M	$5.9M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0058%	1h	152.93	−0.045%	$499K	$1.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0085%	8h	152.98	−0.013%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.90	−0.064%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.90	−0.064%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.045%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.99	−0.005%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	−0.024%	$89	—	10x	as long as short
Variational Omni SPCXlong	+0.0132%	8h	153.00	long leg	$6.0M	$2.9M	—
Lighter SPCX	+0.0136%	1h	152.95	−0.032%	$1.6M	$7.3M	20x	as long as short
Binance SPCXUSDT	+0.0150%	8h	152.97	−0.015%	$247.9M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.93	−0.043%	$734K	$3.8M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0152%	8h	153.00	+0.001%	$39.6M	$166.6M	75x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	153.01	+0.010%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	153.10	+0.067%	$738K	$926K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.01	+0.008%	$445K	$264K	15x	as long as short
Nado SPCX-PERP	+0.0279%	1h	152.83	−0.109%	$616K	$814K	20x	as long as short
Bullet SPCX-USD	+0.0302%	1h	152.98	−0.012%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0308%	1h	152.93	−0.045%	$141.4M	$119.2M	20x	as long as short
Aster SPCXUSD1	+0.0418%	8h	153.08	+0.054%	$19.0M	$21.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.32	+0.210%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0601%	1h	152.94	−0.038%	$84K	$1.2M	10x	as long as short
edgeX SPCXUSDC	+0.0749%	4h	153.01	+0.005%	$1.7M	$891K	20x	as long as short