Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.027%

Price spread now: Phoenix against Variational Omni+0.009%7-day average +0.001% · you sell dearer than you buy

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

Long on Variational Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.063%+$6 on $10k

Price spread, last 4 days (all we have)+0.218%+$22 · spread now +0.009%, 7d avg +0.001%

Together, before fees+0.281%+ Points / potential airdropVariational Omni: Active · farm board+$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$3 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	153.07	0.0208	pay 0.0208% / 8h	6h 19m	$6.0M	$3.3M	—
Short	Phoenix SPCX	153.08	0.0314	get 0.0039% / 1h	19m 16s	$445K	$270K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.009%Rate

Funding earned: $22.18
Price spread: +0.009% → +0.001%: $0.78
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $15.96
Costs to cover: 0.070%
Break-even: 2.0 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Phoenix: live order book, 47 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, 5 min ago	2.35 bp	doesn't fit	3.0 bp −$30	doesn't fit	doesn't fit
Sell Phoenix live order book, 47 min ago	0.33 bp	5.5 bp −$6	17.1 bp −$171	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 −0.0345% / S +0.0540%	1h	153.04	−0.014%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.06	−0.004%	$96.0M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.712%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.98	−0.057%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.32	+0.165%	$8K	$946K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.14	+0.048%	$1.3M	$1.7M	75x	as long as short
edgeX SPCXUSDC	+0.0020%	4h	153.07	+0.001%	$1.7M	$893K	20x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.98	−0.057%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.01	−0.037%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.165%	$9K	$27K	5.5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0040%	1h	153.02	−0.030%	$1.6M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.037%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.05	−0.011%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.05	−0.011%	$1.2M	$6.7M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.03	−0.024%	$501K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.06	−0.004%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.07	+0.002%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.096%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDT	+0.0086%	8h	153.10	+0.022%	$30.8M	$43.0M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0089%	8h	153.10	+0.020%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.98	−0.057%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.00	−0.044%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	+0.035%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.09	+0.015%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.07	+0.004%	$89	—	10x	as long as short
Bitget SPCXUSDT	+0.0143%	8h	153.13	+0.041%	$31.9M	$66.2M	75x	as long as short
Bullet SPCX-USD	+0.0172%	1h	153.09	+0.015%	$11K	$189K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0182%	1h	153.03	−0.024%	$142.4M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0198%	8h	153.12	+0.035%	$39.4M	$169.0M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	153.00	−0.044%	$72K	$1.1M	10x	as long as short
Variational Omni SPCXlong	+0.0208%	8h	153.07	long leg	$6.0M	$3.3M	—
Binance SPCXUSDT	+0.0222%	8h	153.09	+0.014%	$252.8M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	153.03	−0.022%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0244%	1h	152.98	−0.056%	$622K	$838K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	152.97	−0.063%	$738K	$983K	10x	as long as short
Phoenix SPCXshort	+0.0314%	1h	153.08	+0.009%	$445K	$270K	15x
Aster SPCXUSD1	+0.0409%	8h	153.14	+0.046%	$19.0M	$14.8M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.13	+0.038%	$408K	$539K	20x	as long as short