Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h +0.030%

Price spread now: Pacifica against Variational Omni−0.055%52s7-day average −0.058% · you buy dearer than you sell

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.098%+$10 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.055%, 7d avg −0.058%

Together, before fees+0.045%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.058%, 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 3 days funding on this pair paid +0.098%, so the current rate has only just turned against you. The two prices were read 52 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	152.91	0.0185	pay 0.0185% / 8h	5m 53s	$6.1M	$3.5M	—
Short	Pacifica SPCX	152.83	0.0100	get 0.0013% / 1h	5m 53s	$173K	$130K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.055%Rate

Funding earned: −$17.86
Price spread: −0.055% → −0.058%: $0.28
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$25.58
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Pacifica: live order book, 7 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, 3 min ago	2.32 bp	doesn't fit	3.6 bp −$36	doesn't fit	doesn't fit
Sell Pacifica live order book, 7 min ago	0.33 bp	5.9 bp −$6	doesn't fit	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 −0.0284% / S +0.0496%	1h	152.88	−0.019%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.91	−0.003%	$96.6M	$31.5M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.819%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.81	−0.068%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.15	+0.154%	$8K	$971K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.94	+0.017%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.83	−0.055%	$7K	$9K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.84	−0.049%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.835%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.86	−0.036%	$105K	$297K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.88	−0.022%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.89	−0.016%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.91	−0.003%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.84	−0.049%	$535K	$413K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.79	−0.081%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.90	−0.009%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDT	+0.0083%	8h	152.93	+0.010%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	152.93	+0.011%	$101	—	5x	as long as short
Pacifica SPCXshort	+0.0100%	1h	152.83	−0.055%	$173K	$130K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.84	−0.049%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.95	+0.023%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.93	+0.010%	$15K	$7K	10x	as long as short
Lighter SPCX	+0.0104%	1h	152.89	−0.016%	$1.6M	$7.5M	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.93	+0.009%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0154%	8h	152.94	+0.017%	$30.7M	$42.9M	100x	as long as short
Bullet SPCX-USD	+0.0160%	1h	152.92	+0.003%	$12K	$188K	10x	as long as short
Variational Omni SPCXlong	+0.0185%	8h	152.91	long leg	$6.1M	$3.5M	—
OKX SPCX-USDT-SWAP	+0.0197%	8h	152.93	+0.010%	$38.9M	$169.5M	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.90	−0.009%	$734K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0204%	8h	152.93	+0.012%	$252.9M	$1.39B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0248%	1h	152.86	−0.036%	$143.4M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.89	−0.016%	$445K	$269K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.036%	$733K	$970K	10x	as long as short
Nado SPCX-PERP	+0.0284%	1h	152.79	−0.081%	$600K	$884K	20x	as long as short
Aster SPCXUSD1	+0.0309%	8h	152.99	+0.052%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0312%	8h	152.94	+0.017%	$31.2M	$67.1M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.97	+0.036%	$401K	$540K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0535%	1h	152.90	−0.009%	$71K	$1.0M	10x	as long as short
edgeX SPCXUSDC	+0.0579%	4h	152.91	−0.003%	$1.7M	$892K	20x	as long as short