Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0328%/8h= −35.9% APRpaid last 24h −0.049%

Price spread now: GRVT against Coinbase International+12.786%76s7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 5 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 12.786% dearer against Coinbase International than usual: you sell high and buy low (spread +12.786% now, against zero (this spread has no 7-day history yet)): +$1,279 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 4 months. The two prices were read 76 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	Coinbase International SPCX-PERP-INTX	152.96	0.0328	pay 0.0041% / 1h	38m 16s	$733K	$981K	10x
Short	GRVT SPCX_USDT_Perp	172.52	0	get 0.0000% / 8h	7h 38m	$4K	$882	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Coinbase International. 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 Coinbase InternationalbpFee GRVTbpOrdersPrice spread, now +12.786%Rate

Funding earned: −$68.88
Price spread: +12.786% → 0.000%: $1,278.56
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $1,190.68
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 35 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 Coinbase International live order book, 35 min ago	1.96 bp	7.0 bp −$7	11.2 bp −$112	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 −0.0302% / S +0.0509%	1h	152.91	−0.036%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.91	−0.033%	$96.4M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perpshort	0.0000%	8h	172.52	+12.786%	$4K	$882	10x
StandX SPCX-USD	0.0000%	1h	152.83	−0.085%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.196%	$8K	$959K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.94	−0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.92	−0.028%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.88	−0.052%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.86	−0.065%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.805%	$9K	$27K	5.5x	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	152.93	−0.020%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.91	−0.033%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.92	−0.026%	$534K	$415K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.78	−0.118%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	152.90	−0.039%	$1.2M	$7.4M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0066%	1h	152.90	−0.039%	$488K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	152.94	−0.010%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0100%	8h	152.97	+0.007%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.84	−0.078%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.84	−0.078%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.020%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.95	−0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.93	−0.018%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0183%	8h	152.95	−0.007%	$30.8M	$42.7M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.92	−0.026%	$105K	$297K	5x	as long as short
Variational Omni SPCX	+0.0203%	8h	152.99	+0.020%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0206%	8h	152.94	−0.013%	$39.2M	$169.0M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.88	−0.052%	$71K	$1.1M	10x	as long as short
Nado SPCX-PERP	+0.0212%	1h	152.82	−0.090%	$603K	$853K	20x	as long as short
Binance SPCXUSDT	+0.0220%	8h	152.94	−0.013%	$252.9M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.92	−0.029%	$732K	$3.7M	10x	as long as short
Bullet SPCX-USD	+0.0252%	1h	152.95	−0.009%	$11K	$188K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0253%	1h	152.90	−0.039%	$143.1M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	152.96	0.000%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0328%	1h	152.96	long leg	$733K	$981K	10x
Bitget SPCXUSDT	+0.0339%	8h	152.96	0.000%	$31.2M	$66.4M	75x	as long as short
Aster SPCXUSD1	+0.0339%	8h	153.02	+0.041%	$19.0M	$19.0M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	152.97	+0.010%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0991%	4h	152.99	+0.019%	$1.7M	$892K	20x	as long as short