Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.049%

Price spread now: Variational Omni against RISEx+0.026%7-day average −0.041% · you sell dearer than you buy

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

Long on RISEx Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.090%−$9 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.026%, 7d avg −0.041%

Together, before fees−0.127%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.068% dearer against RISEx than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SPCX/USDC	152.59	0.0072	pay 0.0009% / 1h	52m 29s	$408K	$505K	20x
Short	Variational Omni SPCX	152.63	0.0073	get 0.0073% / 8h	1h 52m	$6.0M	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against RISEx. 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 RISExbpFee Variational OmnibpOrdersPrice spread, now +0.026%Rate

Funding earned: $0.11
Price spread: +0.026% → −0.041%: $6.75
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.87
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: RISEx: live order book, 56 min ago; Variational Omni: RFQ quote, 2 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 RISEx live order book, 56 min ago	1.64 bp	4.6 bp −$5	4.9 bp −$49	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.36 bp	doesn't fit	2.9 bp −$29	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 −0.0187% / S +0.0435%	1h	152.50	−0.061%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0025%	8h	152.61	+0.014%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.60	+0.008%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.56	−0.019%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.60	+0.008%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.068%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.61	+0.014%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.85	+0.171%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.64	+0.034%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.52	−0.043%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.47	−0.078%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.57	−0.012%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.54	−0.032%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.55	−0.025%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.56	−0.019%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.57	−0.012%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.52	−0.045%	$530K	$382K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.44	−0.097%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0064%	8h	152.60	+0.006%	$101	—	5x	as long as short
RISEx SPCX/USDClong	+0.0072%	1h	152.59	long leg	$408K	$505K	20x
Variational Omni SPCXshort	+0.0073%	8h	152.63	+0.026%	$6.0M	$2.8M	—
Lighter SPCX	+0.0080%	1h	152.49	−0.065%	$1.6M	$7.3M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0089%	1h	152.52	−0.045%	$130.1M	$129.0M	20x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.55	−0.027%	$732K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0096%	8h	152.59	−0.001%	$250.1M	$1.36B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.49	−0.065%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.49	−0.065%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.54	−0.032%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.61	+0.014%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.58	−0.002%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0109%	8h	152.62	+0.021%	$39.6M	$166.9M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.61	+0.014%	$729K	$929K	10x	as long as short
Nado SPCX-PERP	+0.0208%	1h	152.45	−0.090%	$613K	$801K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.55	−0.025%	$443K	$266K	15x	as long as short
Bullet SPCX-USD	+0.0245%	1h	152.60	+0.010%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0354%	8h	152.69	+0.068%	$18.9M	$25.5M	20x	as long as short
edgeX SPCXUSDC	+0.0371%	4h	152.59	−0.002%	$1.7M	$891K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0406%	1h	152.56	−0.019%	$89K	$1.3M	10x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.198%	$9K	$28K	5.5x	as long as short