Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0531%/8h= −58.2% APRpaid last 24h −0.165%

Price spread now: GMX against Bitget−0.036%7-day average — · you buy dearer than you sell

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

Long on Bitget 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—needs both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and GMX is 0.036% cheaper against Bitget than usual: you would sell low and buy high (−$4 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	Bitget SPCXUSDT	153.10	0	get 0.0000% / 8h	4h 46m	$31.7M	$65.5M	75x
Short	GMX SPCX/USD [ETH-USDC]	153.04	L −0.0314% / S +0.0531%	pay 0.0066% / 1h	46m 58s	$91K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$111.6
Price spread: −0.036% → 0.000%: −$3.59
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$139.2
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bitget: 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 Bitget live order book, 2 min ago	0.33 bp	6.8 bp −$7	8.6 bp −$86	21.4 bp −$2,142	30.0 bp −$15.0K
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	−0.036%	$91K	—	20x
Bybit SPCXUSDT	0.0000%	8h	153.07	−0.020%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.05	−0.033%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDTlong	0.0000%	8h	153.10	long leg	$31.7M	$65.5M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.688%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.99	−0.072%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.105%	$8K	$937K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.09	−0.007%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.04	−0.041%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.02	−0.052%	$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	−0.078%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.059%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.06	−0.026%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.03	−0.046%	$1.2M	$6.3M	10x	as long as short
BloFin SPCX-USDT	+0.0047%	8h	153.08	−0.013%	$1.9M	$1.4M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.03	−0.046%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	−0.033%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.09	−0.007%	$533K	$398K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−0.124%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0067%	8h	153.07	−0.021%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0072%	1h	153.02	−0.052%	$141.4M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0077%	1h	153.08	−0.015%	$11K	$192K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.97	−0.085%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.95	−0.098%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.059%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.07	−0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	−0.032%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0135%	1h	152.97	−0.085%	$617K	$826K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	153.03	−0.046%	$73K	$1.2M	10x	as long as short
Variational Omni SPCX	+0.0158%	8h	153.07	−0.021%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0160%	8h	153.08	−0.013%	$39.5M	$167.0M	75x	as long as short
Binance SPCXUSDT	+0.0167%	8h	153.09	−0.008%	$252.4M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0168%	1h	153.04	−0.040%	$738K	$3.8M	10x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.10	−0.002%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.039%	$738K	$964K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.08	−0.013%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.13	+0.022%	$19.0M	$19.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.32	+0.144%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0459%	4h	153.06	−0.024%	$1.7M	$893K	20x	as long as short