Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h +0.011%

Price spread now: tradeXYZ against Variational Omni−0.021%7-day average −0.086% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.033%+$3 on $10k

Price spread, last 7 days−0.048%−$5 · spread now −0.021%, 7d avg −0.086%

Together, before fees−0.015%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.065% dearer against Variational Omni than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.086%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPCX	152.62	0.0191	pay 0.0191% / 8h	1h 46m	$6.1M	$3.9M	—
Short	tradeXYZ xyz:SPCX	152.59	0.0083	get 0.0010% / 1h	46m 31s	$129.8M	$107.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$22.65
Price spread: −0.021% → −0.086%: $6.54
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$34.11
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; tradeXYZ: live order book, 3 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	2.36 bp	doesn't fit	4.8 bp −$48	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.33 bp	9.3 bp −$9	9.6 bp −$96	11.9 bp −$1,193	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 −0.0335% / S +0.0533%	1h	152.59	−0.018%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.60	−0.014%	$96.5M	$30.8M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+13.030%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.65	+0.018%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.79	+0.110%	$8K	$976K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.62	−0.001%	$1.3M	$1.7M	75x	as long as short
Bullet SPCX-USD	+0.0022%	1h	152.62	−0.001%	$12K	$189K	10x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.59	−0.020%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.57	−0.034%	$1.6M	$7.1M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	−0.034%	$2.4M	$7.5M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.032%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.68	+0.038%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.60	−0.014%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.60	−0.014%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	−0.001%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.100%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.61	−0.008%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	152.62	−0.001%	$101	—	5x	as long as short
tradeXYZ xyz:SPCXshort	+0.0083%	1h	152.59	−0.021%	$129.8M	$107.4M	20x
BloFin SPCX-USDT	+0.0088%	8h	152.64	+0.012%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.53	−0.060%	$175K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.49	−0.087%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.56	−0.041%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.64	+0.012%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.64	+0.012%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0141%	8h	152.63	+0.005%	$30.7M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0183%	8h	152.63	+0.005%	$38.9M	$168.1M	75x	as long as short
Variational Omni SPCXlong	+0.0191%	8h	152.62	long leg	$6.1M	$3.9M	—
Nado SPCX-PERP	+0.0206%	1h	152.55	−0.044%	$625K	$875K	20x	as long as short
Binance SPCXUSDT	+0.0206%	8h	152.62	−0.001%	$256.0M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.59	−0.018%	$715K	$3.6M	10x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.56	−0.041%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0244%	8h	152.70	+0.051%	$19.0M	$21.5M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	+0.058%	$741K	$947K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0274%	1h	152.62	−0.001%	$70K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.63	+0.005%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0325%	8h	152.63	+0.005%	$31.0M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.69	+0.048%	$402K	$542K	20x	as long as short
edgeX SPCXUSDC	+0.0618%	4h	152.62	−0.001%	$1.7M	$893K	20x	as long as short