Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.011%

Price spread now: ApeX Omni against Variational Omni−0.084%88s7-day average 0.000% · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.089%+$9 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.084%, 7d avg 0.000%

Together, before fees+0.128%+ Points / potential airdropVariational Omni: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.084% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of 0.000%). If the spread goes back, that is −$8 on $10k: about 17 days of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.089% in total) that is about 3.4 days. The two prices were read 88 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	152.58	0.0084	pay 0.0084% / 8h	1h 41m	$6.0M	$2.8M	—
Short	ApeX Omni SPCXUSDT	152.45	0.0100	get 0.0013% / 1h	41m 51s	$58K	$272K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.084%Rate

Funding earned: $3.46
Price spread: −0.084% → 0.000%: −$8.39
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$14.93
Costs to cover: 0.100%
Break-even: 37.2 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; ApeX Omni: live order book, 65 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, 2 min ago	2.33 bp	doesn't fit	4.0 bp −$40	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 65 min ago	7.54 bp	13.6 bp −$14	36.4 bp −$364	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 −0.0187% / S +0.0435%	1h	152.41	−0.114%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0017%	8h	152.57	−0.005%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.48	−0.064%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.45	−0.084%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.50	−0.051%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.077%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.57	−0.005%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.81	+0.152%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.54	−0.025%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.50	−0.050%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.42	−0.104%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.48	−0.064%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.48	−0.064%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.45	−0.084%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.46	−0.078%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.47	−0.071%	$531K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.39	−0.123%	$3.2M	$2.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0068%	1h	152.48	−0.064%	$487K	$1.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.53	−0.035%	$408K	$498K	20x	as long as short
Paradex SPCX-USD-PERP	+0.0077%	8h	152.52	−0.041%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0080%	1h	152.38	−0.130%	$130.0M	$129.1M	20x	as long as short
Variational Omni SPCXlong	+0.0084%	8h	152.58	long leg	$6.0M	$2.8M	—
Lighter SPCX	+0.0088%	1h	152.44	−0.091%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.45	−0.084%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.41	−0.110%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.45	−0.084%	$58K	$272K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.48	−0.064%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0103%	8h	152.44	−0.088%	$250.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.46	−0.080%	$733K	$4.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.49	−0.060%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0115%	8h	152.50	−0.051%	$39.6M	$166.7M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.027%	$726K	$932K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.56	−0.012%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0226%	1h	152.40	−0.115%	$627K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0257%	1h	152.50	−0.051%	$11K	$192K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0341%	1h	152.45	−0.084%	$89K	$1.3M	10x	as long as short
Aster SPCXUSD1	+0.0364%	8h	152.58	+0.002%	$18.9M	$26.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.204%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0976%	4h	152.55	−0.020%	$1.7M	$893K	20x	as long as short