Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.003%

Price spread now: Extended against Variational Omni+0.029%7-day average −0.089% · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 7 days−0.090%−$9 · spread now +0.029%, 7d avg −0.089%

Together, before fees−0.087%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.118% dearer against Variational Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPCX	152.60	0.0157	pay 0.0157% / 8h	2h 27m	$6.1M	$4.3M	—
Short	Extended SPCX-USD	152.64	0.0192	get 0.0024% / 1h	27m 13s	$715K	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.029%Rate

Funding earned: $7.28
Price spread: +0.029% → −0.089%: $11.76
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $14.04
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Extended: live order book, 2 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	2.36 bp	doesn't fit	3.4 bp −$34	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.98 bp	3.5 bp −$3	6.1 bp −$61	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 −0.0271% / S +0.0488%	1h	152.56	−0.022%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.62	+0.014%	$96.4M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+13.044%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.64	+0.027%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.83	+0.152%	$8K	$989K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.61	+0.008%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.54	−0.039%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.55	−0.032%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.048%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.57	−0.018%	—	$1.0M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps SPCX-USD	+0.0050%	1h	152.56	−0.025%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.64	+0.027%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.64	+0.027%	$541K	$402K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.48	−0.077%	$3.1M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0057%	1h	152.65	+0.034%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0071%	8h	152.66	+0.041%	$1.9M	$1.4M	75x	as long as short
Lighter SPCX	+0.0088%	1h	152.57	−0.018%	$1.6M	$7.3M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0097%	8h	152.65	+0.036%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.59	−0.005%	$175K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.49	−0.071%	$13.0M	$5.2M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.64	+0.027%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.66	+0.041%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.67	+0.046%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0140%	8h	152.65	+0.034%	$30.8M	$42.3M	100x	as long as short
Variational Omni SPCXlong	+0.0157%	8h	152.60	long leg	$6.1M	$4.3M	—
OKX SPCX-USDT-SWAP	+0.0160%	8h	152.65	+0.034%	$38.9M	$168.0M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0185%	1h	152.56	−0.025%	$129.9M	$107.2M	20x	as long as short
Binance SPCXUSDT	+0.0191%	8h	152.66	+0.041%	$256.1M	$1.38B	75x	as long as short
Extended SPCX-USDshort	+0.0192%	1h	152.64	+0.029%	$715K	$3.6M	10x
Bullet SPCX-USD	+0.0199%	1h	152.65	+0.034%	$12K	$190K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.58	−0.012%	$70K	$1.1M	10x	as long as short
Aster SPCXUSD1	+0.0219%	8h	152.69	+0.060%	$19.0M	$21.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.16	−0.287%	$739K	$963K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.61	+0.008%	$370K	$191K	15x	as long as short
Arcus SPCX-USD	+0.0293%	1h	152.58	−0.012%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0311%	1h	152.46	−0.088%	$624K	$878K	20x	as long as short
Bitget SPCXUSDT	+0.0331%	8h	152.64	+0.027%	$31.2M	$66.3M	75x	as long as short
RISEx SPCX/USDC	+0.0462%	1h	152.67	+0.049%	$383K	$540K	20x	as long as short
edgeX SPCXUSDC	+0.0611%	4h	152.60	0.000%	$1.7M	$894K	20x	as long as short