Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0568%/8h= −62.2% APRpaid last 24h −0.087%

Price spread now: GMX against BloFin−0.042%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 −$17 a day on $10k at the current rate, and GMX is 0.042% cheaper against BloFin 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	BloFin SPCX-USDT	152.96	0.0077	pay 0.0077% / 8h	20m 44s	$1.9M	$1.4M	75x
Short	GMX SPCX/USD [ETH-USDC]	152.90	L −0.0277% / S +0.0491%	pay 0.0061% / 1h	20m 44s	$88K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$119.28
Price spread: −0.042% → 0.000%: −$4.25
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$147.53
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: 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 BloFin live order book, 2 min ago	0.33 bp	6.3 bp −$6	7.1 bp −$71	8.0 bp −$799	12.7 bp −$6,348
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 −0.0277% / S +0.0491%	1h	152.90	−0.042%	$88K	—	20x
Gate SPCX_USDT	0.0000%	8h	152.91	−0.033%	$96.6M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.785%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.82	−0.092%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.10	+0.092%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.91	−0.033%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.81	−0.096%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.86	−0.065%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.805%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.88	−0.052%	$105K	$297K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.89	−0.046%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.90	−0.039%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.91	−0.033%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.87	−0.059%	$535K	$410K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.77	−0.124%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.90	−0.039%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDTlong	+0.0077%	8h	152.96	long leg	$1.9M	$1.4M	75x
Lighter SPCX	+0.0088%	1h	152.90	−0.039%	$1.6M	$7.4M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0090%	8h	152.92	−0.023%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.84	−0.078%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.82	−0.092%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.072%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.93	−0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.95	−0.007%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0141%	1h	152.94	−0.015%	$11K	$188K	10x	as long as short
Bybit SPCXUSDT	+0.0150%	8h	152.95	−0.007%	$30.7M	$42.8M	100x	as long as short
Variational Omni SPCX	+0.0176%	8h	152.93	−0.017%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0194%	8h	152.93	−0.020%	$38.9M	$169.5M	75x	as long as short
Binance SPCXUSDT	+0.0197%	8h	152.93	−0.020%	$253.1M	$1.39B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.90	−0.039%	$734K	$3.6M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0251%	1h	152.89	−0.046%	$143.5M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.92	−0.026%	$446K	$269K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.007%	$733K	$970K	10x	as long as short
edgeX SPCXUSDC	+0.0281%	4h	152.91	−0.031%	$1.7M	$892K	20x	as long as short
Nado SPCX-PERP	+0.0291%	1h	152.82	−0.093%	$602K	$884K	20x	as long as short
Aster SPCXUSD1	+0.0294%	8h	153.00	+0.027%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0309%	8h	152.95	−0.007%	$31.2M	$67.3M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0339%	1h	152.90	−0.039%	$71K	$1.0M	10x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.99	+0.023%	$403K	$539K	20x	as long as short