Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h −0.014%

Price spread now: SoDEX against Variational Omni−0.013%7-day average −0.020% · you buy dearer than you sell

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

Long on Variational Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.585%−$59 · spread now −0.013%, 7d avg −0.020%

Together, before fees−0.562%+ Points / potential airdropVariational Omni: Active · farm board−$56 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPCX	152.24	0.0087	pay 0.0087% / 8h	7h 37m	$5.9M	$2.8M	—
Short	SoDEX SPCX-USD	152.22	0.0050	get 0.0006% / 1h	37m 59s	$1.7M	$99K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$7.77
Price spread: −0.013% → −0.020%: $0.68
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$15.09
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; SoDEX: live order book, 1 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, 1 min ago	2.37 bp	doesn't fit	3.9 bp −$39	doesn't fit	doesn't fit
Sell SoDEX live order book, 1 min ago	0.99 bp	18.7 bp −$19	51.4 bp −$514	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	152.16	−0.049%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0014%	8h	152.27	+0.020%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.23	−0.006%	$30.4M	$43.0M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.21	−0.020%	$96.2M	$32.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.24	0.000%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.26	+0.013%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.49	+0.164%	$8K	$857K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.30	+0.039%	$1.3M	$1.8M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.21	−0.020%	$86K	$1.4M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.18	−0.041%	$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	152.18	−0.039%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.17	−0.046%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.20	−0.026%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.19	−0.033%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.24	0.000%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.14	−0.066%	$129.8M	$129.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.12	−0.079%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USDshort	+0.0050%	1h	152.22	−0.013%	$1.7M	$99K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.20	−0.026%	$529K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.11	−0.085%	$3.2M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	152.22	−0.015%	$100	—	5x	as long as short
Bullet SPCX-USD	+0.0074%	1h	152.27	+0.017%	$11K	$192K	10x	as long as short
Nado SPCX-PERP	+0.0077%	1h	152.16	−0.050%	$635K	$813K	20x	as long as short
Variational Omni SPCXlong	+0.0087%	8h	152.24	long leg	$5.9M	$2.8M	—
Pacifica SPCX	+0.0100%	1h	152.14	−0.066%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.15	−0.059%	$13.0M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.17	−0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.26	+0.013%	$14K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.20	−0.025%	$725K	$5.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.21	−0.017%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0106%	8h	152.24	0.000%	$253.2M	$1.37B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0118%	8h	152.27	+0.020%	$39.4M	$167.4M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.27	+0.019%	$381K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.24	0.000%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.13	−0.072%	$693K	$992K	10x	as long as short
Aster SPCXUSD1	+0.0382%	8h	152.35	+0.073%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.57	+0.217%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0644%	4h	152.23	−0.004%	$1.7M	$889K	20x	as long as short