Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0544%/8h= −59.5% APRpaid last 24h −0.170%

Price spread now: GMX against Binance−0.054%7-day average — · you buy dearer than you sell

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

Long on Binance Short on GMX

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—needs both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and GMX is 0.054% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	152.27	0.0109	pay 0.0109% / 8h	7h 45m	$253.4M	$1.37B	75x
Short	GMX SPCX/USD [ETH-USDC]	152.19	L −0.0187% / S +0.0435%	pay 0.0054% / 1h	45m 36s	$90K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$114.14
Price spread: −0.054% → 0.000%: −$5.36
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$141.5
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 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 Binance live order book, 13 min ago	0.33 bp	5.3 bp −$5	5.7 bp −$57	11.9 bp −$1,194	24.8 bp −$12.4K
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 38 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 −0.0187% / S +0.0435%	1h	152.19	−0.054%	$90K	—	20x
BloFin SPCX-USDT	−0.0010%	8h	152.27	+0.002%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.26	−0.004%	$30.4M	$43.0M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.23	−0.024%	$96.1M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.28	+0.009%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.32	+0.035%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.50	+0.153%	$8K	$861K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.33	+0.042%	$1.3M	$1.8M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.23	−0.024%	$87K	$1.4M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.17	−0.065%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.20	−0.044%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.19	−0.050%	$2.5M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.20	−0.044%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.21	−0.037%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.25	−0.011%	—	$1.2M	10x	as long as short
Bullet SPCX-USD	+0.0049%	1h	152.27	+0.002%	$11K	$191K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.20	−0.044%	$129.8M	$129.6M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.15	−0.077%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.23	−0.024%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.23	−0.024%	$529K	$365K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.10	−0.109%	$3.2M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0065%	8h	152.24	−0.018%	$100	—	5x	as long as short
Nado SPCX-PERP	+0.0081%	1h	152.17	−0.064%	$635K	$815K	20x	as long as short
Variational Omni SPCX	+0.0090%	8h	152.25	−0.011%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.16	−0.070%	$168K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.14	−0.083%	$12.9M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.34	+0.048%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.30	+0.022%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.22	−0.030%	$88	—	10x	as long as short
Binance SPCXUSDTlong	+0.0109%	8h	152.27	long leg	$253.4M	$1.37B	75x
Extended SPCX-USD	+0.0112%	1h	152.23	−0.025%	$725K	$5.3M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0121%	8h	152.28	+0.009%	$39.4M	$167.2M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.29	+0.019%	$381K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.26	−0.004%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.13	−0.090%	$693K	$992K	10x	as long as short
edgeX SPCXUSDC	+0.0305%	4h	152.25	−0.013%	$1.7M	$891K	20x	as long as short
Aster SPCXUSD1	+0.0381%	8h	152.38	+0.074%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.57	+0.199%	$9K	$28K	5.5x	as long as short