Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.039%

Price spread now: edgeX against Variational Omni+0.014%59s7-day average −0.028% · you sell dearer than you buy

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.347%+$35 on $10k

Price spread, last 7 days−0.025%−$2 · spread now +0.014%, 7d avg −0.028%

Together, before fees+0.322%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.042% dearer against Variational Omni than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.028%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.6 days. Mind the row above: over the last 4 days funding on this pair paid +0.347%, so the current rate has only just turned against you. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPCX	152.63	0.0097	pay 0.0097% / 8h	2h 14m	$6.0M	$2.8M	—
Short	edgeX SPCXUSDC	152.65	0.0076	get 0.0038% / 4h	2h 14m	$1.7M	$893K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$4.52
Price spread: +0.014% → −0.028%: $4.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$9.27
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; edgeX: 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, 5 min ago	2.33 bp	doesn't fit	2.3 bp −$23	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	1.97 bp	6.5 bp −$6	7.3 bp −$73	21.3 bp −$2,132	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 −0.0187% / S +0.0435%	1h	152.53	−0.062%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0012%	8h	152.63	0.000%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.67	+0.026%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.63	0.000%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.69	+0.039%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.038%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.66	+0.020%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.87	+0.157%	$8K	$901K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.69	+0.039%	$1.3M	$1.8M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.59	−0.026%	$88K	$1.3M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0019%	1h	152.56	−0.046%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.59	−0.026%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	−0.039%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.56	−0.046%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.61	−0.013%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.64	+0.007%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.56	−0.046%	$130.8M	$128.8M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.60	−0.020%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.59	−0.026%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	−0.006%	$531K	$386K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.105%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.65	+0.012%	$101	—	5x	as long as short
edgeX SPCXUSDCshort	+0.0076%	4h	152.65	+0.014%	$1.7M	$893K	20x
Variational Omni SPCXlong	+0.0097%	8h	152.63	long leg	$6.0M	$2.8M	—
Pacifica SPCX	+0.0100%	1h	152.55	−0.052%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−0.072%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.61	−0.013%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.64	+0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.62	−0.007%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0107%	1h	152.59	−0.026%	$612K	$802K	20x	as long as short
Binance SPCXUSDT	+0.0107%	8h	152.66	+0.019%	$250.5M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.61	−0.016%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0117%	8h	152.70	+0.046%	$39.5M	$166.4M	75x	as long as short
Bullet SPCX-USD	+0.0140%	1h	152.63	+0.003%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.69	+0.036%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.62	−0.006%	$732K	$932K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.65	+0.013%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0365%	8h	152.69	+0.036%	$18.9M	$24.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	+0.046%	$9K	$28K	5.5x	as long as short