Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0022%/8h= +2.5% APRpaid last 24h −0.008%

Price spread now: Extended against Variational Omni+0.022%7-day average −0.088% · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 7 days−0.083%−$8 · spread now +0.022%, 7d avg −0.088%

Together, before fees−0.091%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.110% dearer against Variational Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPCX	153.02	0.0210	pay 0.0210% / 8h	7h 27m	$6.0M	$3.5M	—
Short	Extended SPCX-USD	153.05	0.0232	get 0.0029% / 1h	27m 04s	$734K	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.022%Rate

Funding earned: $4.71
Price spread: +0.022% → −0.088%: $10.97
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $10.68
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Extended: live order book, 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 Variational Omni RFQ quote, 2 min ago	2.32 bp	doesn't fit	2.9 bp −$29	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.98 bp	3.5 bp −$3	6.1 bp −$61	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 −0.0314% / S +0.0518%	1h	153.03	+0.002%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.06	+0.025%	$96.4M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.741%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.93	−0.060%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.32	+0.195%	$8K	$955K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.07	+0.032%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.97	−0.033%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.02	−0.001%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.763%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.06	+0.025%	—	$1.2M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0048%	1h	153.03	+0.006%	$1.6M	$7.4M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.06	+0.025%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.07	+0.032%	$534K	$414K	50x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.04	+0.012%	$489K	$1.1M	10x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.85	−0.112%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.04	+0.012%	$1.2M	$7.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0100%	8h	153.08	+0.040%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.97	−0.034%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	−0.040%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.007%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.08	+0.038%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.06	+0.028%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0109%	8h	153.07	+0.032%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDT	+0.0184%	8h	153.10	+0.051%	$30.9M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.99	−0.020%	$105K	$297K	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	153.02	−0.001%	$71K	$1.1M	10x	as long as short
Variational Omni SPCXlong	+0.0210%	8h	153.02	long leg	$6.0M	$3.5M	—
OKX SPCX-USDT-SWAP	+0.0210%	8h	153.11	+0.058%	$39.2M	$169.1M	75x	as long as short
Binance SPCXUSDT	+0.0229%	8h	153.09	+0.045%	$253.2M	$1.38B	75x	as long as short
Extended SPCX-USDshort	+0.0232%	1h	153.05	+0.022%	$734K	$4.0M	10x
Nado SPCX-PERP	+0.0234%	1h	152.95	−0.045%	$604K	$848K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0243%	1h	153.03	+0.006%	$143.1M	$119.4M	20x	as long as short
Bullet SPCX-USD	+0.0246%	1h	153.09	+0.042%	$11K	$188K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.04	+0.012%	$445K	$271K	15x	as long as short
Bitget SPCXUSDT	+0.0317%	8h	153.10	+0.051%	$31.3M	$66.4M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.01	−0.007%	$731K	$979K	10x	as long as short
Aster SPCXUSD1	+0.0355%	8h	153.08	+0.040%	$19.0M	$18.6M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.09	+0.047%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0934%	4h	153.06	+0.025%	$1.7M	$892K	20x	as long as short