Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0604%/8h= +66.2% APRpaid last 24h +0.035%

Price spread now: edgeX against Variational Omni−0.013%104s7-day average −0.028% · you buy dearer than you sell

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.385%+$39 on $10k

Price spread, last 7 days−0.018%−$2 · spread now −0.013%, 7d avg −0.028%

Together, before fees+0.367%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate. The two prices were read 104 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	152.29	0.0085	pay 0.0085% / 8h	7h 17m	$5.9M	$2.8M	—
Short	edgeX SPCXUSDC	152.27	0.0689	get 0.0345% / 4h	3h 17m	$1.7M	$890K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $126.87
Price spread: −0.013% → −0.028%: $1.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $119.37
Costs to cover: 0.090%
Break-even: 0.4 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; edgeX: live order book, 1 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, 1 min ago	2.33 bp	doesn't fit	3.2 bp −$32	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	1.64 bp	6.1 bp −$6	7.2 bp −$72	21.0 bp −$2,104	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 −0.0187% / S +0.0435%	1h	152.28	−0.012%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0012%	8h	152.38	+0.057%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.45	+0.103%	$30.4M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.38	+0.057%	$96.3M	$32.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.47	+0.116%	$31.0M	$66.6M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	+0.057%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.56	+0.175%	$8K	$847K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.40	+0.070%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.33	+0.024%	$84K	$1.4M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.15	−0.093%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.38	+0.057%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.36	+0.044%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.32	+0.018%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.29	−0.002%	$102K	$294K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.35	+0.037%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.32	+0.018%	$129.7M	$129.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.28	−0.008%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.34	+0.031%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.30	+0.005%	$530K	$364K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.14	−0.100%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0060%	8h	152.34	+0.029%	$101	—	5x	as long as short
Variational Omni SPCXlong	+0.0085%	8h	152.29	long leg	$5.9M	$2.8M	—
Pacifica SPCX	+0.0100%	1h	152.25	−0.028%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.31	+0.011%	$13.0M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.33	+0.024%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.38	+0.057%	$14K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.36	+0.041%	$725K	$5.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.36	+0.046%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0106%	8h	152.45	+0.100%	$254.1M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0109%	1h	152.27	−0.017%	$634K	$811K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0115%	8h	152.46	+0.110%	$39.3M	$167.7M	75x	as long as short
Bullet SPCX-USD	+0.0132%	1h	152.36	+0.044%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.38	+0.060%	$381K	$507K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.27	−0.015%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.30	+0.005%	$692K	$1.0M	10x	as long as short
Aster SPCXUSD1	+0.0394%	8h	152.57	+0.182%	$19.0M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.143%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDCshort	+0.0689%	4h	152.27	−0.013%	$1.7M	$890K	20x