Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0111%/8h= +12.2% APRpaid last 24h −0.011%

Price spread now: Variational Omni against ApeX Omni−0.038%7-day average 0.000% · you buy dearer than you sell

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.082%−$8 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.038%, 7d avg 0.000%

Together, before fees−0.133%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.038% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of 0.000%). If the spread goes back, that is −$4 on $10k: about 28 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.082%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SPCXUSDT	153.05	0.0100	pay 0.0013% / 1h	39m 10s	$58K	$271K	50x
Short	Variational Omni SPCX	152.99	0.0211	get 0.0211% / 8h	6h 39m	$6.0M	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX 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 ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now −0.038%Rate

Funding earned: $23.36
Price spread: −0.038% → 0.000%: −$3.85
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.51
Costs to cover: 0.100%
Break-even: 4.2 days

Slippage unknown: ApeX Omni: live order book, 28 min ago; Variational Omni: RFQ quote, 5 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 ApeX Omni live order book, 28 min ago	10.12 bp	15.1 bp −$15	37.9 bp −$379	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.32 bp	doesn't fit	2.8 bp −$28	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 −0.0345% / S +0.0540%	1h	152.93	−0.082%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.92	−0.085%	$96.2M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.722%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.90	−0.098%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.20	+0.098%	$8K	$949K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.93	−0.078%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.95	−0.067%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.90	−0.098%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.88	−0.111%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.176%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.92	−0.085%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.96	−0.059%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.93	−0.078%	$1.2M	$6.9M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.90	−0.098%	$500K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.93	−0.078%	$1.7M	$89K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.96	−0.059%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.82	−0.150%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDT	+0.0057%	8h	152.95	−0.065%	$30.9M	$42.9M	100x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.90	−0.098%	$72K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0080%	8h	152.95	−0.068%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.85	−0.131%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.89	−0.105%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTlong	+0.0100%	1h	153.05	long leg	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.95	−0.065%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.95	−0.065%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0116%	8h	153.03	−0.013%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0124%	1h	152.94	−0.072%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0141%	1h	152.90	−0.098%	$142.3M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0195%	8h	152.95	−0.065%	$39.4M	$168.8M	75x	as long as short
Bitget SPCXUSDT	+0.0196%	8h	152.98	−0.046%	$31.8M	$66.4M	75x	as long as short
Variational Omni SPCXshort	+0.0211%	8h	152.99	−0.038%	$6.0M	$3.3M	—
Binance SPCXUSDT	+0.0224%	8h	152.94	−0.070%	$252.7M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.91	−0.089%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0244%	1h	152.88	−0.114%	$620K	$841K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.059%	$728K	$969K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.98	−0.046%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0390%	8h	153.05	+0.001%	$19.0M	$16.6M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	152.98	−0.043%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0591%	4h	153.01	−0.025%	$1.7M	$892K	20x	as long as short