Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0109%/8h= −12.0% APRpaid last 24h −0.007%

Price spread now: Aftermath Perps against Variational Omni−0.065%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Aftermath Perps is 0.065% cheaper against Variational Omni than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPCX	152.53	0.0141	pay 0.0141% / 8h	3h 23m	$6.0M	$2.9M	—
Short	Aftermath Perps SPCXUSD	152.43	0.0032	get 0.0004% / 1h	23m 34s	$7K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Variational Omni. 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 Variational OmnibpFee Aftermath PerpsbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$22.93
Price spread: −0.065% → 0.000%: −$6.48
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$38.41
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Aftermath Perps: no order-book sample. 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 Variational Omni RFQ quote, 1 min ago	2.36 bp	doesn't fit	3.7 bp −$37	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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 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	152.22	−0.204%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.34	−0.122%	$96.2M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.40	−0.083%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.114%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.57	+0.028%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.82	+0.192%	$8K	$921K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.41	−0.077%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0017%	8h	152.37	−0.103%	$30.6M	$42.7M	100x	as long as short
Aftermath Perps SPCXUSDshort	+0.0032%	1h	152.43	−0.065%	$7K	$8K	10x
BloFin SPCX-USDT	+0.0032%	8h	152.50	−0.018%	$1.9M	$1.3M	75x	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	152.28	−0.162%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.38	−0.096%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.35	−0.116%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.28	−0.162%	$495K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.30	−0.149%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.33	−0.129%	$531K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.15	−0.247%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.39	−0.090%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.38	−0.095%	$101	—	5x	as long as short
Lighter SPCX	+0.0096%	1h	152.32	−0.136%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.26	−0.175%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.36	−0.109%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.61	+0.055%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.34	−0.122%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.35	−0.117%	$88	—	10x	as long as short
Variational Omni SPCXlong	+0.0141%	8h	152.53	long leg	$6.0M	$2.9M	—
Binance SPCXUSDT	+0.0147%	8h	152.39	−0.090%	$249.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0149%	8h	152.40	−0.083%	$39.4M	$166.2M	75x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.34	−0.124%	$732K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0161%	1h	152.26	−0.175%	$131.7M	$127.7M	20x	as long as short
Nado SPCX-PERP	+0.0214%	1h	152.36	−0.107%	$614K	$802K	20x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.42	−0.070%	$408K	$517K	20x	as long as short
Bullet SPCX-USD	+0.0224%	1h	152.33	−0.128%	$12K	$193K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.057%	$739K	$944K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.53	+0.002%	$443K	$264K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0341%	1h	152.33	−0.129%	$85K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0424%	8h	152.50	−0.015%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.435%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0639%	4h	152.56	+0.023%	$1.7M	$891K	20x	as long as short