Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.005%

Price spread now: Variational Omni against Vest+0.058%7-day average +0.084% · you sell dearer than you buy

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

Long on Vest Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.058%, 7d avg +0.084%

Together, before fees−0.037%+ Points / potential airdropVest: Active · Variational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.026% cheaper against Vest than usual: you would sell low and buy high (spread +0.058% now, against its 7-day average of +0.084%). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SPCX-USD-PERP	152.82	0.0046	pay 0.0006% / 1h	43m 32s	—	$1.2M	10x
Short	Variational Omni SPCX	152.91	0.0141	get 0.0141% / 8h	3h 43m	$6.0M	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Vest. 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 VestbpFee Variational OmnibpOrdersPrice spread, now +0.058%Rate

Funding earned: $20
Price spread: +0.058% → +0.084%: −$2.61
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $15.39
Costs to cover: 0.020%
Break-even: 1.6 days

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	2.32 bp	doesn't fit	2.6 bp −$26	doesn't fit	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0214% / S +0.0456%	1h	152.84	+0.016%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.87	+0.033%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.91	+0.059%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.897%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.92	+0.065%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.12	+0.196%	$8K	$933K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.96	+0.092%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0015%	8h	152.89	+0.046%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.86	+0.028%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.81	−0.007%	$2.5M	$7.3M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SPCX-USDT	+0.0035%	8h	152.90	+0.052%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.82	0.000%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERPlong	+0.0046%	1h	152.82	long leg	—	$1.2M	10x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.83	+0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.86	+0.026%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.87	+0.033%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.79	−0.020%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.85	+0.020%	$1.2M	$5.8M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0099%	8h	152.89	+0.048%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.79	−0.020%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.80	−0.013%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.92	+0.065%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.88	+0.039%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.87	+0.034%	$89	—	10x	as long as short
Variational Omni SPCXshort	+0.0141%	8h	152.91	+0.058%	$6.0M	$2.9M	—
Lighter SPCX	+0.0144%	1h	152.83	+0.007%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.86	+0.025%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0155%	8h	152.89	+0.046%	$248.5M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0157%	8h	152.92	+0.065%	$39.6M	$166.1M	75x	as long as short
edgeX SPCXUSDC	+0.0206%	4h	152.89	+0.047%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.92	+0.068%	$409K	$517K	20x	as long as short
Nado SPCX-PERP	+0.0246%	1h	152.75	−0.044%	$615K	$810K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	+0.052%	$741K	$939K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.93	+0.072%	$445K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0272%	1h	152.90	+0.052%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0279%	1h	152.83	+0.007%	$141.3M	$119.2M	20x	as long as short
Aster SPCXUSD1	+0.0429%	8h	152.99	+0.111%	$19.0M	$22.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.275%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0601%	1h	152.85	+0.020%	$84K	$1.2M	10x	as long as short