Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0333%/8h= +36.5% APRpaid last 24h +0.104%

Price spread now: Bitget against GMX+0.049%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Bitget

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 for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bitget is 0.049% dearer against GMX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SPCX/USD [ETH-USDC]	153.00	L −0.0333% / S +0.0531%	get 0.0042% / 1h	33m 59s	$88K	—	20x
Short	Bitget SPCXUSDT	153.08	0	get 0.0000% / 8h	5h 33m	$31.7M	$66.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GMX. 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 GMXbpFee BitgetbpOrdersPrice spread, now +0.049%Rate

Funding earned: $69.94
Price spread: +0.049% → 0.000%: $4.9
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: $50.85
Costs to cover: 0.240%
Break-even: 1.9 days

Slippage unknown: GMX: no order-book sample; Bitget: live order book, 5 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	0.33 bp	6.9 bp −$7	8.6 bp −$86	25.6 bp −$2,561	39.1 bp −$19.6K

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]long	L −0.0333% / S +0.0531%	1h	153.00	long leg	$88K	—	20x
Gate SPCX_USDT	0.0000%	8h	153.00	−0.003%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDTshort	0.0000%	8h	153.08	+0.049%	$31.7M	$66.1M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.760%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.062%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.20	+0.127%	$8K	$940K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.05	+0.029%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.97	−0.023%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.95	−0.036%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.92	−0.056%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SPCXUSDT	+0.0033%	8h	153.01	+0.003%	$30.8M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.94	−0.042%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.98	−0.016%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.98	−0.016%	$1.2M	$6.5M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	−0.023%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	+0.003%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.01	+0.003%	$534K	$402K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.85	−0.101%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0067%	8h	153.02	+0.010%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0073%	8h	153.04	+0.021%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	−0.056%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.93	−0.049%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.049%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	+0.016%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.00	−0.006%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0141%	1h	153.04	+0.023%	$11K	$190K	10x	as long as short
Variational Omni SPCX	+0.0173%	8h	153.00	−0.006%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0179%	8h	153.05	+0.029%	$39.5M	$167.8M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	153.00	−0.005%	$736K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0185%	1h	152.98	−0.016%	$142.1M	$119.4M	20x	as long as short
Binance SPCXUSDT	+0.0187%	8h	153.04	+0.023%	$252.7M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0196%	1h	152.90	−0.067%	$622K	$831K	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.03	+0.018%	$408K	$549K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	+0.003%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.02	+0.010%	$445K	$267K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	152.96	−0.029%	$73K	$1.2M	10x	as long as short
edgeX SPCXUSDC	+0.0344%	4h	153.00	−0.005%	$1.7M	$892K	20x	as long as short
Aster SPCXUSD1	+0.0405%	8h	153.10	+0.061%	$19.0M	$17.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.180%	$9K	$27K	5.5x	as long as short