Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0184%/8h= +20.2% APRpaid last 24h +0.097%

Price spread now: Variational Omni against GMX+0.047%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Variational Omni is 0.047% dearer against GMX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SPCX/USD [ETH-USDC]	154.16	L −0.0184% / S +0.0435%	get 0.0023% / 1h	9m 20s	$92K	—	20x
Short	Variational Omni SPCX	154.23	0	get 0.0000% / 8h	3h 09m	$5.9M	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GMX. 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 GMXbpFee Variational OmnibpOrdersPrice spread, now +0.047%Rate

Funding earned: $38.71
Price spread: +0.047% → 0.000%: $4.74
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $31.46
Costs to cover: 0.120%
Break-even: 1.3 days

Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 3 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 GMX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 3 min ago	2.33 bp	doesn't fit	4.3 bp −$43	doesn't fit	doesn't fit

GMX: 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 38 exchanges

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]long	L −0.0184% / S +0.0435%	1h	154.16	long leg	$92K	—	20x
BloFin SPCX-USDT	−0.0120%	8h	154.20	+0.029%	$2.0M	$506K	75x	as long as short
Extended SPCX-USD	0.0000%	1h	154.22	+0.042%	$736K	$5.8M	10x	as long as short
Binance SPCXUSDT	0.0000%	8h	154.22	+0.041%	$232.1M	$905.6M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	154.22	+0.042%	$30.3M	$32.3M	100x	as long as short
OKX SPCX-USDT-SWAP	0.0000%	8h	154.19	+0.023%	$39.0M	$91.9M	75x	as long as short
Gate SPCX_USDT	0.0000%	8h	154.17	+0.010%	$98.1M	$37.2M	100x	as long as short
Variational Omni SPCXshort	0.0000%	8h	154.23	+0.047%	$5.9M	$2.7M	—
StandX SPCX-USD	0.0000%	1h	154.14	−0.010%	$306K	$1.1M	20x	as long as short
Bullet SPCX-USD	0.0000%	1h	154.20	+0.028%	$12K	$197K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SPCX-USDT	0.0000%	8h	153.98	−0.114%	$8K	$125K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	154.16	+0.003%	$7K	$784K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	154.28	+0.081%	$1.4M	$709K	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	154.18	+0.013%	$150	$8K	10x	as long as short
QFEX SPCX-USD	+0.0027%	1h	154.19	+0.023%	$1.2M	$4.1M	10x	as long as short
Lighter SPCX	+0.0032%	1h	154.19	+0.023%	$1.5M	$3.9M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	154.19	+0.023%	$2.5M	$4.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	154.15	−0.003%	$84K	$105K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	154.23	+0.049%	—	$1.3M	10x	as long as short
Aster SPCXUSD1	+0.0049%	8h	154.30	+0.096%	$19.1M	$25.8M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	154.14	−0.010%	$124.3M	$71.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	154.16	+0.003%	$428K	$305K	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	154.20	+0.029%	$1.7M	$106K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	154.18	+0.016%	$556K	$387K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	154.10	−0.036%	$3.2M	$1.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0052%	8h	154.23	+0.048%	$102	—	5x	as long as short
RISEx SPCX/USDC	+0.0066%	1h	154.22	+0.045%	$351K	$328K	20x	as long as short
Nado SPCX-PERP	+0.0099%	1h	154.12	−0.026%	$680K	$597K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	154.13	−0.016%	$161K	$94K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	154.10	−0.036%	$13.1M	$7.0M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	154.14	−0.010%	$61K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	154.23	+0.049%	$13K	$3K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	154.21	+0.035%	$89	—	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0104%	1h	154.37	+0.139%	$665K	$857K	10x	as long as short
Phoenix SPCX	+0.0155%	1h	154.29	+0.088%	$391K	$223K	15x	as long as short
Bitget SPCXUSDT	+0.0247%	8h	154.23	+0.049%	$34.0M	$59.3M	75x	as long as short
edgeX SPCXUSDC	+0.0269%	4h	154.21	+0.037%	$1.8M	$352K	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	154.54	+0.250%	$9K	$69K	5.5x	as long as short