Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h +0.030%

Price spread now: Pacifica against Variational Omni−0.046%7-day average −0.058% · you buy dearer than you sell

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.095%+$10 on $10k

Price spread, last 4 days (all we have)+0.209%+$21 · spread now −0.046%, 7d avg −0.058%

Together, before fees+0.305%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board+$30 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 paid +0.095%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPCX	152.62	0.0195	pay 0.0195% / 8h	1h 58m	$6.1M	$4.2M	—
Short	Pacifica SPCX	152.55	0.0100	get 0.0013% / 1h	58m 54s	$175K	$135K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.046%Rate

Funding earned: −$19.89
Price spread: −0.046% → −0.058%: $1.27
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$26.62
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; Pacifica: live order book, 24 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, just now	2.36 bp	doesn't fit	6.2 bp −$62	doesn't fit	doesn't fit
Sell Pacifica live order book, 24 min ago	0.33 bp	7.9 bp −$8	doesn't fit	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 −0.0335% / S +0.0533%	1h	152.62	−0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.64	+0.013%	$96.5M	$30.8M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+13.026%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.65	+0.020%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.81	+0.125%	$8K	$990K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.60	−0.013%	$70K	$1.1M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.61	−0.006%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.61	−0.006%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	−0.033%	$2.4M	$7.5M	20x	as long as short
Bullet SPCX-USD	+0.0032%	1h	152.63	+0.005%	$12K	$189K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.034%	$9K	$27K	5.5x	as long as short
Lighter SPCX	+0.0040%	1h	152.58	−0.026%	$1.6M	$7.1M	20x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.68	+0.040%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.61	−0.006%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.62	0.000%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	0.000%	$540K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.46	−0.105%	$3.2M	$2.6M	10x	as long as short
edgeX SPCXUSDC	+0.0054%	4h	152.62	+0.001%	$1.7M	$894K	20x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.61	−0.006%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0089%	8h	152.62	+0.002%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0096%	8h	152.64	+0.013%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCXshort	+0.0100%	1h	152.55	−0.046%	$175K	$135K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.51	−0.072%	$13.0M	$5.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.65	+0.020%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.65	+0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.65	+0.018%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0140%	1h	152.61	−0.006%	$129.8M	$107.4M	20x	as long as short
Bybit SPCXUSDT	+0.0153%	8h	152.67	+0.033%	$30.7M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0187%	8h	152.64	+0.013%	$38.9M	$168.1M	75x	as long as short
Variational Omni SPCXlong	+0.0195%	8h	152.62	long leg	$6.1M	$4.2M	—
Nado SPCX-PERP	+0.0196%	1h	152.54	−0.050%	$625K	$877K	20x	as long as short
Binance SPCXUSDT	+0.0216%	8h	152.63	+0.004%	$256.1M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0216%	1h	152.60	−0.010%	$715K	$3.6M	10x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.57	−0.033%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0246%	8h	152.70	+0.051%	$19.0M	$21.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	+0.059%	$741K	$947K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.69	+0.046%	$445K	$191K	15x	as long as short
Bitget SPCXUSDT	+0.0339%	8h	152.65	+0.020%	$31.1M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.68	+0.036%	$403K	$542K	20x	as long as short