Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0943%/8h= −103.2% APRpaid last 24h −0.159%

Price spread now: GMX against Aster−0.065%51s7-day average — · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and GMX is 0.065% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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	Aster SPCXUSD1	153.14	0.0411	pay 0.0411% / 8h	4h 46m	$19.0M	$19.0M	20x
Short	GMX SPCX/USD [ETH-USDC]	153.04	L −0.0314% / S +0.0531%	pay 0.0066% / 1h	46m 32s	$91K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$197.93
Price spread: −0.065% → 0.000%: −$6.48
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$224.42
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; GMX: 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 Aster live order book, 2 min ago	0.98 bp	5.6 bp −$6	7.3 bp −$73	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L −0.0314% / S +0.0531%	1h	153.04	−0.065%	$91K	—	20x
Bybit SPCXUSDT	0.0000%	8h	153.09	−0.035%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.06	−0.055%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.10	−0.029%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.656%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.99	−0.101%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.076%	$8K	$937K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.09	−0.035%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.04	−0.070%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.02	−0.081%	$1.6M	$7.3M	20x	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	152.98	−0.107%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.088%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.07	−0.049%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.03	−0.075%	$1.2M	$6.3M	10x	as long as short
BloFin SPCX-USDT	+0.0047%	8h	153.08	−0.042%	$1.9M	$1.4M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.04	−0.068%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	−0.062%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.09	−0.035%	$533K	$398K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−0.153%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0066%	8h	153.08	−0.039%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0074%	1h	153.02	−0.081%	$141.4M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0077%	1h	153.08	−0.044%	$11K	$192K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.97	−0.114%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.95	−0.127%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.088%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.07	−0.049%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	−0.061%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0139%	1h	152.99	−0.101%	$617K	$826K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	153.03	−0.075%	$73K	$1.2M	10x	as long as short
Variational Omni SPCX	+0.0158%	8h	153.07	−0.050%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0160%	8h	153.07	−0.049%	$39.5M	$167.0M	75x	as long as short
Binance SPCXUSDT	+0.0166%	8h	153.10	−0.029%	$252.4M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0168%	1h	153.05	−0.061%	$738K	$3.8M	10x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.12	−0.018%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.068%	$738K	$964K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.08	−0.042%	$445K	$268K	15x	as long as short
Aster SPCXUSD1long	+0.0411%	8h	153.14	long leg	$19.0M	$19.0M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	153.32	+0.115%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0459%	4h	153.06	−0.053%	$1.7M	$893K	20x	as long as short