Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.005%

Price spread now: Variational Omni against Vest−0.001%7-day average +0.084% · you buy dearer than you sell

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

Long on Vest Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.001%, 7d avg +0.084%

Together, before fees+0.026%+ Points / potential airdropVest: Active · Variational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.085% cheaper against Vest than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.084%). If the spread goes back, that is −$9 on $10k: about 3.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SPCX-USD-PERP	153.08	0.0046	pay 0.0006% / 1h	12m 41s	—	$1.2M	10x
Short	Variational Omni SPCX	153.08	0.0130	get 0.0130% / 8h	4h 12m	$6.0M	$3.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee Variational OmnibpOrdersPrice spread, now −0.001%Rate

Funding earned: $17.76
Price spread: −0.001% → +0.084%: −$8.51
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $7.25
Costs to cover: 0.020%
Break-even: 4.1 days

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 1 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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	2.35 bp	doesn't fit	2.9 bp −$29	doesn't fit	doesn't fit

Vest: 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 −0.0253% / S +0.0486%	1h	153.04	−0.023%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.11	+0.020%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.08	0.000%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.12	+0.026%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.706%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.99	−0.059%	$302K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.36	+0.183%	$7K	$940K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.13	+0.033%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	153.04	−0.028%	$8K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0024%	8h	153.11	+0.020%	$1.9M	$1.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	153.05	−0.020%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.02	−0.039%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.046%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERPlong	+0.0046%	1h	153.08	long leg	—	$1.2M	10x
QFEX SPCX-USD	+0.0046%	1h	153.05	−0.020%	$1.2M	$6.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.04	−0.026%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.06	−0.013%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.10	+0.013%	$533K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−0.111%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	153.12	+0.024%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.99	−0.059%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.01	−0.046%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.09	+0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.08	0.000%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0109%	1h	153.05	−0.020%	$141.4M	$119.0M	20x	as long as short
Bullet SPCX-USD	+0.0115%	1h	153.10	+0.012%	$12K	$191K	10x	as long as short
Variational Omni SPCXshort	+0.0130%	8h	153.08	−0.001%	$6.0M	$3.0M	—
Nado SPCX-PERP	+0.0134%	1h	152.99	−0.057%	$617K	$818K	20x	as long as short
Extended SPCX-USD	+0.0144%	1h	153.06	−0.014%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0144%	8h	153.10	+0.013%	$251.1M	$1.37B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0146%	8h	153.12	+0.026%	$39.5M	$166.8M	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.11	+0.017%	$410K	$530K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	153.05	−0.020%	$78K	$1.2M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.10	+0.013%	$738K	$926K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.09	+0.007%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0406%	8h	153.18	+0.064%	$18.9M	$21.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.50	+0.274%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0733%	4h	153.08	−0.001%	$1.7M	$894K	20x	as long as short