Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0080%/8h= +8.7% APRpaid last 24h +0.004%

Price spread now: Variational Omni against SoDEX+0.037%7-day average +0.020% · you sell dearer than you buy

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

Long on SoDEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.181%+$18 · spread now +0.037%, 7d avg +0.020%

Together, before fees+0.150%+ Points / potential airdropVariational Omni: Active · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SPCX-USD	152.40	0.0050	pay 0.0006% / 1h	7m 31s	$1.7M	$99K	20x
Short	Variational Omni SPCX	152.46	0.0130	get 0.0130% / 8h	3h 07m	$6.0M	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SoDEX. 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 SoDEXbpFee Variational OmnibpOrdersPrice spread, now +0.037%Rate

Funding earned: $16.76
Price spread: +0.037% → +0.020%: $1.73
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $10.48
Costs to cover: 0.080%
Break-even: 2.6 days

Slippage unknown: SoDEX: live order book, 1 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 SoDEX live order book, 1 min ago	0.33 bp	18.1 bp −$18	48.1 bp −$481	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.36 bp	doesn't fit	3.1 bp −$31	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 −0.0265% / S +0.0494%	1h	152.31	−0.062%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.41	+0.007%	$96.2M	$31.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.46	+0.039%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.206%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.47	+0.046%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.63	+0.151%	$8K	$918K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.46	+0.039%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0006%	8h	152.42	+0.013%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0018%	8h	152.45	+0.033%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.42	+0.011%	$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	152.34	−0.039%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.36	−0.026%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.42	+0.013%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.39	−0.007%	$489K	$1.2M	10x	as long as short
SoDEX SPCX-USDlong	+0.0050%	1h	152.40	long leg	$1.7M	$99K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.44	+0.026%	$531K	$390K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.26	−0.092%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.39	−0.007%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.43	+0.017%	$101	—	5x	as long as short
edgeX SPCXUSDC	+0.0059%	4h	152.42	+0.012%	$1.7M	$892K	20x	as long as short
Lighter SPCX	+0.0064%	1h	152.36	−0.026%	$1.6M	$7.5M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0074%	1h	152.31	−0.059%	$131.0M	$128.3M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.33	−0.046%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.30	−0.066%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	−0.020%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.45	+0.033%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.42	+0.010%	$88	—	10x	as long as short
Variational Omni SPCXshort	+0.0130%	8h	152.46	+0.037%	$6.0M	$2.9M	—
Binance SPCXUSDT	+0.0135%	8h	152.43	+0.018%	$250.3M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.38	−0.014%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0141%	8h	152.46	+0.039%	$39.4M	$166.2M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.40	0.000%	$87K	$1.2M	10x	as long as short
Nado SPCX-PERP	+0.0190%	1h	152.35	−0.033%	$613K	$801K	20x	as long as short
Bullet SPCX-USD	+0.0195%	1h	152.43	+0.017%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.46	+0.037%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	+0.026%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.42	+0.013%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	152.50	+0.064%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.518%	$9K	$28K	5.5x	as long as short