Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.028%

Price spread now: GRVT against Arcus+13.200%54s7-day average — · you sell dearer than you buy

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

Long on Arcus Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 13.200% dearer against Arcus than usual: you sell high and buy low (spread +13.200% now, against zero (this spread has no 7-day history yet)): +$1,320 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about years. The two prices were read 54 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	Arcus SPCX-USD	152.41	0.0040	pay 0.0005% / 1h	2m 03s	$105K	$297K	5x
Short	GRVT SPCX_USDT_Perp	172.53	0	get 0.0000% / 8h	3h 02m	$4K	$882	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Arcus. 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 ArcusbpFee GRVTbpOrdersPrice spread, now +13.200%Rate

Funding earned: −$8.46
Price spread: +13.200% → 0.000%: $1,320
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $1,298.04
Costs to cover: 0.135%
Break-even: from the start

Slippage unknown: Arcus: live order book, 51 min ago; GRVT: 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 Arcus live order book, 51 min ago	6.54 bp	11.0 bp −$11	16.3 bp −$163	doesn't fit	doesn't fit
Sell GRVT no order-book sample	—	—	—	—	—

GRVT: 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 −0.0224% / S +0.0463%	1h	152.40	−0.010%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.47	+0.039%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.44	+0.020%	$96.2M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.51	+0.066%	$31.4M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perpshort	0.0000%	8h	172.53	+13.200%	$4K	$882	10x
StandX SPCX-USD	0.0000%	1h	152.55	+0.092%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.70	+0.190%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.57	+0.105%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0013%	8h	152.55	+0.092%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.39	−0.013%	$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	152.36	−0.033%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USDlong	+0.0040%	1h	152.41	long leg	$105K	$297K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.50	+0.059%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.47	+0.039%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.44	+0.020%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.46	+0.033%	$532K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.33	−0.052%	$3.2M	$2.3M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.47	+0.039%	$1.2M	$5.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.52	+0.074%	$101	—	5x	as long as short
Lighter SPCX	+0.0056%	1h	152.40	−0.007%	$1.6M	$7.5M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0056%	1h	152.35	−0.039%	$131.0M	$128.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.39	−0.013%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.34	−0.046%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	+0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.52	+0.072%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.49	+0.050%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0125%	8h	152.47	+0.038%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0133%	8h	152.46	+0.033%	$250.5M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.47	+0.040%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0140%	8h	152.45	+0.026%	$39.4M	$166.2M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.47	+0.039%	$87K	$1.2M	10x	as long as short
Nado SPCX-PERP	+0.0185%	1h	152.43	+0.013%	$613K	$802K	20x	as long as short
Bullet SPCX-USD	+0.0191%	1h	152.51	+0.066%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.55	+0.090%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	+0.020%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.42	+0.007%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0403%	8h	152.57	+0.105%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.512%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0883%	4h	152.48	+0.048%	$1.7M	$893K	20x	as long as short