Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h +0.034%

Price spread now: Deribit against Variational Omni0.000%7-day average −0.007% · you sell dearer than you buy

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.579%−$58 · spread now 0.000%, 7d avg −0.007%

Together, before fees−0.482%+ Points / potential airdropVariational Omni: Active · farm board−$48 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.097%, 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	152.68	0.0090	pay 0.0090% / 8h	7h 10m	$5.9M	$2.7M	—
Short	Deribit SPCX_USDC-PERPETUAL	152.68	0	get 0.0000% / 1h	10m 00s	$83K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$18.97
Price spread: 0.000% → −0.007%: $0.72
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$25.25
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Deribit: live order book, 4 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, 4 min ago	2.36 bp	doesn't fit	3.1 bp −$31	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	0.33 bp	7.1 bp −$7	8.9 bp −$89	doesn't fit	doesn't fit

SPCX on 38 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 −0.0187% / S +0.0435%	1h	152.63	−0.036%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0011%	8h	152.57	−0.072%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.73	+0.033%	$30.5M	$43.2M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.69	+0.007%	$96.2M	$32.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.75	+0.046%	$31.1M	$66.7M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.50	−0.118%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.80	+0.079%	$8K	$842K	10x	as long as short
Deribit SPCX_USDC-PERPETUALshort	0.0000%	1h	152.68	0.000%	$83K	$1.4M	10x
HTX SPCX-USDT	0.0000%	8h	152.63	−0.033%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0017%	1h	152.43	−0.161%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.65	−0.020%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.63	−0.033%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.65	−0.020%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.60	−0.052%	$103K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.71	+0.020%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.65	−0.020%	$129.7M	$130.0M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.62	−0.039%	$489K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.67	−0.006%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.69	+0.007%	$530K	$365K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.51	−0.111%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0058%	8h	152.70	+0.014%	$101	—	5x	as long as short
Variational Omni SPCXlong	+0.0090%	8h	152.68	long leg	$5.9M	$2.7M	—
Nado SPCX-PERP	+0.0099%	1h	152.65	−0.020%	$633K	$810K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.62	−0.039%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.58	−0.065%	$13.0M	$5.8M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.48	−0.131%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.71	+0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.67	−0.005%	$89	—	10x	as long as short
Binance SPCXUSDT	+0.0110%	8h	152.73	+0.030%	$253.3M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.67	−0.007%	$723K	$5.4M	10x	as long as short
Bullet SPCX-USD	+0.0114%	1h	152.71	+0.020%	$11K	$192K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0116%	8h	152.75	+0.046%	$39.4M	$168.6M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.70	+0.014%	$382K	$507K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.60	−0.052%	$448K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.45	−0.151%	$689K	$1.0M	10x	as long as short
edgeX SPCXUSDC	+0.0379%	4h	152.56	−0.077%	$1.7M	$891K	20x	as long as short
Aster SPCXUSD1	+0.0400%	8h	152.85	+0.111%	$19.0M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	+0.066%	$9K	$28K	5.5x	as long as short