Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h −0.011%

Price spread now: Variational Omni against Pacifica+0.059%7-day average +0.058% · you sell dearer than you buy

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

Long on Pacifica 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)+0.030%+$3 · spread now +0.059%, 7d avg +0.058%

Together, before fees−0.051%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board−$5 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 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	Pacifica SPCX	152.89	0.0100	pay 0.0013% / 1h	54m 37s	$169K	$129K	10x
Short	Variational Omni SPCX	152.98	0.0194	get 0.0194% / 8h	5h 54m	$6.0M	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Pacifica. 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 PacificabpFee Variational OmnibpOrdersPrice spread, now +0.059%Rate

Funding earned: $19.76
Price spread: +0.059% → +0.058%: $0.1
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $11.87
Costs to cover: 0.080%
Break-even: 2.8 days

Slippage unknown: Pacifica: live order book, 8 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 Pacifica live order book, 8 min ago	0.98 bp	6.0 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.35 bp	doesn't fit	2.7 bp −$27	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 −0.0333% / S +0.0531%	1h	152.97	+0.056%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.97	+0.052%	$96.0M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.839%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	+0.013%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.27	+0.249%	$8K	$941K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.02	+0.085%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	+0.038%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.88	−0.007%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.92	+0.020%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.96	+0.046%	—	$1.2M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0048%	1h	152.96	+0.046%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	+0.033%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.98	+0.059%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.99	+0.065%	$535K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.86	−0.020%	$3.2M	$2.5M	10x	as long as short
Lighter SPCX	+0.0056%	1h	152.91	+0.013%	$1.6M	$7.2M	20x	as long as short
Bitget SPCXUSDT	+0.0058%	8h	153.02	+0.085%	$31.7M	$66.1M	75x	as long as short
Bybit SPCXUSDT	+0.0061%	8h	153.00	+0.072%	$30.8M	$42.8M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	153.00	+0.074%	$101	—	5x	as long as short
Pacifica SPCXlong	+0.0100%	1h	152.89	long leg	$169K	$129K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.90	+0.007%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	+0.026%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	+0.078%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	+0.068%	$89	—	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	152.94	+0.033%	$72K	$1.2M	10x	as long as short
Bullet SPCX-USD	+0.0173%	1h	153.00	+0.069%	$11K	$189K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0189%	8h	153.02	+0.085%	$39.5M	$168.0M	75x	as long as short
edgeX SPCXUSDC	+0.0193%	4h	152.98	+0.056%	$1.7M	$891K	20x	as long as short
Variational Omni SPCXshort	+0.0194%	8h	152.98	+0.059%	$6.0M	$3.1M	—
RISEx SPCX/USDC	+0.0199%	1h	153.00	+0.073%	$408K	$549K	20x	as long as short
Binance SPCXUSDT	+0.0206%	8h	152.99	+0.065%	$252.6M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.95	+0.041%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0236%	1h	152.86	−0.022%	$622K	$832K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0245%	1h	152.97	+0.052%	$142.1M	$119.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.97	+0.052%	$738K	$968K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.98	+0.059%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0410%	8h	153.07	+0.118%	$19.0M	$15.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.29	+0.262%	$9K	$27K	5.5x	as long as short