Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0182%/8h= +19.9% APRpaid last 24h +0.015%

Price spread now: Bullet against Variational Omni+0.011%7-day average +0.004% · you sell dearer than you buy

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

Long on Variational Omni Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.011%, 7d avg +0.004%

Together, before fees+0.031%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$5 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	152.35	0.0122	pay 0.0122% / 8h	1h 14m	$5.9M	$2.8M	—
Short	Bullet SPCX-USD	152.36	0.0304	get 0.0038% / 1h	14m 59s	$11K	$191K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.011%Rate

Funding earned: $38.24
Price spread: +0.011% → +0.004%: $0.65
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bullet: 4 bp × 2 orders: −$8
Net: $30.89
Costs to cover: 0.080%
Break-even: 1.3 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Bullet: live order book, 29 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, 4 min ago	2.33 bp	doesn't fit	3.5 bp −$35	doesn't fit	doesn't fit
Sell Bullet live order book, 29 min ago	0.65 bp	5.6 bp −$6	19.8 bp −$198	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	152.28	−0.042%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.34	−0.005%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.38	+0.021%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.245%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	+0.021%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.237%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.43	+0.054%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0007%	8h	152.36	+0.008%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0017%	8h	152.40	+0.034%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.34	−0.004%	$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	152.28	−0.045%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.36	+0.008%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.31	−0.025%	$103K	$300K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.29	−0.038%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.32	−0.019%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.37	+0.014%	$530K	$378K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.23	−0.078%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.41	+0.042%	$392K	$505K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.29	−0.038%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.24	−0.071%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.29	−0.038%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.39	+0.027%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.36	+0.010%	$88	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0121%	1h	152.28	−0.045%	$130.0M	$129.1M	20x	as long as short
Variational Omni SPCXlong	+0.0122%	8h	152.35	long leg	$5.9M	$2.8M	—
Paradex SPCX-USD-PERP	+0.0129%	8h	152.37	+0.017%	$101	—	5x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.33	−0.011%	$724K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0137%	8h	152.36	+0.009%	$251.9M	$1.36B	75x	as long as short
Polymarket Perps SPCX-USD	+0.0142%	1h	152.34	−0.005%	$487K	$1.2M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0145%	8h	152.37	+0.014%	$39.5M	$166.6M	75x	as long as short
Lighter SPCX	+0.0152%	1h	152.31	−0.025%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	+0.008%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.39	+0.027%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0267%	1h	152.23	−0.075%	$626K	$807K	20x	as long as short
edgeX SPCXUSDC	+0.0297%	4h	152.39	+0.025%	$1.7M	$893K	20x	as long as short
Bullet SPCX-USDshort	+0.0304%	1h	152.36	+0.011%	$11K	$191K	10x
Aster SPCXUSD1	+0.0401%	8h	152.48	+0.084%	$18.9M	$29.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.303%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0604%	1h	152.33	−0.012%	$89K	$1.3M	10x	as long as short