Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h 0.000%

Price spread now: Variational Omni against StandX−0.026%7-day average −0.022% · you buy dearer than you sell

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

Long on StandX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.026%, 7d avg −0.022%

Together, before fees+0.001%+ Points / potential airdropStandX: Active · Variational Omni: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX SPCX-USD	152.65	0	get 0.0000% / 1h	44m 52s	$302K	$3.1M	20x
Short	Variational Omni SPCX	152.61	0.0187	get 0.0187% / 8h	1h 44m	$6.1M	$3.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against StandX. 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 StandXbpFee Variational OmnibpOrdersPrice spread, now −0.026%Rate

Funding earned: $39.34
Price spread: −0.026% → −0.022%: −$0.41
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $30.93
Costs to cover: 0.080%
Break-even: 1.5 days

Slippage unknown: StandX: 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 StandX live order book, 4 min ago	4.26 bp	8.5 bp −$9	13.6 bp −$136	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.36 bp	doesn't fit	2.7 bp −$27	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 −0.0335% / S +0.0533%	1h	152.63	−0.016%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.65	0.000%	$96.5M	$30.8M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+13.011%	$4K	$882	10x	as long as short
StandX SPCX-USDlong	0.0000%	1h	152.65	long leg	$302K	$3.1M	20x
SunX SPCX-USDT	0.0000%	8h	152.86	+0.138%	$8K	$976K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.66	+0.007%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.59	−0.039%	$7K	$10K	10x	as long as short
Bullet SPCX-USD	+0.0028%	1h	152.65	0.000%	$12K	$189K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.58	−0.046%	$1.6M	$7.1M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.58	−0.046%	$2.4M	$7.5M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.013%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.67	+0.013%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.61	−0.026%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.64	−0.007%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.67	+0.013%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.45	−0.131%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.62	−0.020%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0078%	8h	152.63	−0.013%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0086%	8h	152.64	−0.007%	$1.9M	$1.4M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0088%	1h	152.60	−0.033%	$129.8M	$107.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.54	−0.072%	$175K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−0.085%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.65	0.000%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.65	0.000%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.66	+0.004%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0141%	8h	152.68	+0.020%	$30.7M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0182%	8h	152.66	+0.007%	$38.9M	$168.4M	75x	as long as short
Variational Omni SPCXshort	+0.0187%	8h	152.61	−0.026%	$6.1M	$3.8M	—
Binance SPCXUSDT	+0.0206%	8h	152.67	+0.012%	$256.1M	$1.38B	75x	as long as short
Nado SPCX-PERP	+0.0206%	1h	152.56	−0.061%	$625K	$875K	20x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.64	−0.006%	$715K	$3.6M	10x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.58	−0.046%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0244%	8h	152.72	+0.044%	$19.0M	$21.6M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	+0.039%	$741K	$947K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0274%	1h	152.63	−0.013%	$70K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.61	−0.026%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0324%	8h	152.67	+0.013%	$31.0M	$66.5M	75x	as long as short
edgeX SPCXUSDC	+0.0536%	4h	152.61	−0.023%	$1.7M	$894K	20x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.70	+0.036%	$402K	$542K	20x	as long as short