Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h +0.026%

Price spread now: Arcus against Variational Omni−0.062%7-day average −0.062% · you buy dearer than you sell

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

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.062%, 7d avg −0.062%

Together, before fees+0.022%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.062%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.059%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPCX	152.93	0.0176	pay 0.0176% / 8h	18m 24s	$6.0M	$3.5M	—
Short	Arcus SPCX-USD	152.84	0.0040	get 0.0005% / 1h	18m 24s	$105K	$297K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$28.45
Price spread: −0.062% → −0.062%: $0.06
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$32.88
Costs to cover: 0.045%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Arcus: live order book, 60 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	2.35 bp	doesn't fit	3.3 bp −$33	doesn't fit	doesn't fit
Sell Arcus live order book, 60 min ago	5.57 bp	7.8 bp −$8	10.7 bp −$107	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 −0.0278% / S +0.0492%	1h	152.87	−0.045%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.88	−0.036%	$96.6M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.804%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.81	−0.081%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.10	+0.108%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.90	−0.022%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.83	−0.068%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.83	−0.068%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.822%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USDshort	+0.0040%	1h	152.84	−0.062%	$105K	$297K	5x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.85	−0.055%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.85	−0.055%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.90	−0.022%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.83	−0.068%	$535K	$410K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.79	−0.094%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.87	−0.042%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDT	+0.0078%	8h	152.92	−0.009%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0092%	8h	152.89	−0.028%	$101	—	5x	as long as short
Lighter SPCX	+0.0096%	1h	152.87	−0.042%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.81	−0.081%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.78	−0.101%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.055%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.90	−0.022%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.92	−0.006%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0148%	1h	152.91	−0.016%	$12K	$188K	10x	as long as short
Bybit SPCXUSDT	+0.0151%	8h	152.90	−0.022%	$30.7M	$42.8M	100x	as long as short
Variational Omni SPCXlong	+0.0176%	8h	152.93	long leg	$6.0M	$3.5M	—
OKX SPCX-USDT-SWAP	+0.0195%	8h	152.91	−0.016%	$38.9M	$169.4M	75x	as long as short
Binance SPCXUSDT	+0.0199%	8h	152.91	−0.016%	$253.1M	$1.39B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.89	−0.029%	$734K	$3.6M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0252%	1h	152.86	−0.049%	$143.5M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.91	−0.016%	$446K	$269K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.023%	$733K	$970K	10x	as long as short
edgeX SPCXUSDC	+0.0281%	4h	152.91	−0.014%	$1.7M	$892K	20x	as long as short
Nado SPCX-PERP	+0.0295%	1h	152.77	−0.108%	$601K	$885K	20x	as long as short
Aster SPCXUSD1	+0.0296%	8h	152.99	+0.033%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0311%	8h	152.92	−0.009%	$31.2M	$67.3M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.97	+0.020%	$403K	$539K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0536%	1h	152.88	−0.036%	$71K	$1.0M	10x	as long as short