Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0012%/8h= −1.4% APRpaid last 24h +0.008%

Price spread now: Variational Omni against Extended+0.015%7-day average +0.088% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 7 days+0.047%+$5 · spread now +0.015%, 7d avg +0.088%

Together, before fees+0.055%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Variational Omni is 0.073% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.088%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPCX-USD	153.09	0.0240	pay 0.0030% / 1h	4m 54s	$734K	$3.9M	10x
Short	Variational Omni SPCX	153.12	0.0228	get 0.0228% / 8h	7h 04m	$6.0M	$3.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.015%Rate

Funding earned: −$2.59
Price spread: +0.015% → +0.088%: −$7.32
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.91
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 4 min ago; Variational Omni: RFQ quote, 4 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 Extended live order book, 4 min ago	0.33 bp	2.8 bp −$3	5.5 bp −$55	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.35 bp	doesn't fit	2.6 bp −$26	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 −0.0328% / S +0.0528%	1h	153.10	+0.007%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.11	+0.010%	$96.4M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.689%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.05	−0.029%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.160%	$8K	$954K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.12	+0.017%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	153.03	−0.039%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.08	−0.009%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.06	−0.022%	$2.5M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.714%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	153.14	+0.030%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.09	−0.003%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.11	+0.010%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.12	+0.017%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.97	−0.081%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.09	−0.003%	$1.2M	$7.2M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	153.09	−0.003%	$72K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0091%	8h	153.15	+0.034%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	153.05	−0.029%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.01	−0.055%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.04	−0.036%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.15	+0.036%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.13	+0.023%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0122%	8h	153.13	+0.023%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDT	+0.0129%	8h	153.14	+0.030%	$30.9M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.06	−0.022%	$105K	$297K	5x	as long as short
tradeXYZ xyz:SPCX	+0.0204%	1h	153.09	−0.003%	$143.1M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0211%	1h	153.13	+0.026%	$11K	$189K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0215%	8h	153.15	+0.036%	$39.3M	$168.9M	75x	as long as short
Variational Omni SPCXshort	+0.0228%	8h	153.12	+0.015%	$6.0M	$3.5M	—
Nado SPCX-PERP	+0.0235%	1h	153.06	−0.023%	$621K	$851K	20x	as long as short
Extended SPCX-USDlong	+0.0240%	1h	153.09	long leg	$734K	$3.9M	10x
Binance SPCXUSDT	+0.0242%	8h	153.13	+0.023%	$252.8M	$1.38B	75x	as long as short
Bitget SPCXUSDT	+0.0291%	8h	153.16	+0.043%	$31.7M	$66.7M	75x	as long as short
Phoenix SPCX	+0.0314%	1h	153.11	+0.010%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.030%	$728K	$986K	10x	as long as short
Aster SPCXUSD1	+0.0389%	8h	153.14	+0.032%	$19.0M	$18.5M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.17	+0.049%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0456%	4h	153.12	+0.017%	$1.7M	$893K	20x	as long as short