Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.011%

Price spread now: ApeX Omni against Variational Omni−0.032%58s7-day average 0.000% · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.089%+$9 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.032%, 7d avg 0.000%

Together, before fees+0.075%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and ApeX Omni is 0.032% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of 0.000%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.089%, so the current rate has only just turned against you. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPCX	152.42	0.0112	pay 0.0112% / 8h	1h 18m	$5.9M	$2.8M	—
Short	ApeX Omni SPCXUSDT	152.37	0.0100	get 0.0013% / 1h	18m 21s	$58K	$272K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.032%Rate

Funding earned: −$2.51
Price spread: −0.032% → 0.000%: −$3.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$15.66
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; ApeX Omni: live order book, 24 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 Variational Omni RFQ quote, 1 min ago	2.33 bp	doesn't fit	3.5 bp −$35	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 24 min ago	7.54 bp	13.1 bp −$13	35.5 bp −$355	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	152.31	−0.074%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.38	−0.025%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.42	+0.001%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.191%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.025%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.191%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.47	+0.034%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0003%	8h	152.41	−0.005%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0011%	8h	152.41	−0.005%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.34	−0.050%	$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	152.30	−0.078%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.39	−0.019%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.33	−0.058%	$103K	$300K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	−0.058%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	−0.032%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.39	−0.019%	$530K	$379K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.31	−0.071%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.43	+0.008%	$393K	$505K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.28	−0.091%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.26	−0.104%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.37	−0.032%	$58K	$272K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.42	+0.001%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.39	−0.019%	$88	—	10x	as long as short
Variational Omni SPCXlong	+0.0112%	8h	152.42	long leg	$5.9M	$2.8M	—
tradeXYZ xyz:SPCX	+0.0114%	1h	152.31	−0.071%	$130.1M	$129.1M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0123%	8h	152.42	−0.002%	$101	—	5x	as long as short
Extended SPCX-USD	+0.0128%	1h	152.37	−0.030%	$725K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0133%	8h	152.42	−0.001%	$251.7M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0139%	8h	152.44	+0.014%	$39.5M	$166.7M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0139%	1h	152.36	−0.038%	$487K	$1.2M	10x	as long as short
Lighter SPCX	+0.0144%	1h	152.32	−0.065%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.038%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.44	+0.014%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0264%	1h	152.23	−0.125%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0299%	1h	152.41	−0.005%	$11K	$191K	10x	as long as short
Aster SPCXUSD1	+0.0398%	8h	152.53	+0.071%	$18.9M	$29.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.257%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0604%	1h	152.35	−0.045%	$90K	$1.3M	10x	as long as short
edgeX SPCXUSDC	+0.0608%	4h	152.42	−0.001%	$1.7M	$892K	20x	as long as short