Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0383%/8h= +41.9% APRpaid last 24h +0.048%

Price spread now: BloFin against GMX+0.023%51s7-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 BloFin

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 +$11 a day on $10k at the current rate, and BloFin is 0.023% dearer against GMX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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	GMX SPCX/USD [ETH-USDC]	153.01	L −0.0293% / S +0.0503%	get 0.0037% / 1h	53m 32s	$88K	—	20x
Short	BloFin SPCX-USDT	153.05	0.0090	get 0.0090% / 8h	7h 53m	$1.9M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.023%Rate

Funding earned: $80.38
Price spread: +0.023% → 0.000%: $2.29
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $58.67
Costs to cover: 0.240%
Break-even: 1.9 days

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago	0.33 bp	6.8 bp −$7	8.5 bp −$85	11.9 bp −$1,189	19.2 bp −$9,610

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 −0.0293% / S +0.0503%	1h	153.01	long leg	$88K	—	20x
Gate SPCX_USDT	0.0000%	8h	153.07	+0.036%	$96.6M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.744%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	−0.042%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.27	+0.167%	$8K	$965K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.04	+0.016%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0011%	1h	153.05	+0.023%	$71K	$1.0M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.85	−0.108%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.03	+0.010%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.768%	$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
Lighter SPCX	+0.0040%	1h	153.05	+0.023%	$1.6M	$7.4M	20x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.12	+0.069%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	+0.023%	$1.7M	$81K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.99	−0.016%	$535K	$414K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.062%	$3.2M	$2.7M	10x	as long as short
Bybit SPCXUSDT	+0.0063%	8h	153.12	+0.069%	$30.8M	$42.8M	100x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.06	+0.029%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDTshort	+0.0090%	8h	153.05	+0.023%	$1.9M	$1.4M	75x
Pacifica SPCX	+0.0100%	1h	153.00	−0.010%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.00	−0.010%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.056%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.09	+0.049%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.00	−0.010%	$89	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0104%	8h	153.10	+0.055%	$101	—	5x	as long as short
Nado SPCX-PERP	+0.0172%	1h	153.02	+0.005%	$602K	$880K	20x	as long as short
Variational Omni SPCX	+0.0192%	8h	153.05	+0.026%	$6.0M	$3.5M	—	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.97	−0.029%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0201%	8h	153.10	+0.056%	$39.1M	$169.3M	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	153.07	+0.036%	$734K	$3.7M	10x	as long as short
Binance SPCXUSDT	+0.0209%	8h	153.10	+0.056%	$252.9M	$1.38B	75x	as long as short
Phoenix SPCX	+0.0261%	1h	153.03	+0.010%	$445K	$271K	15x	as long as short
Polymarket Perps SPCX-USD	+0.0322%	1h	153.02	+0.003%	$490K	$1.1M	10x	as long as short
Aster SPCXUSD1	+0.0322%	8h	153.07	+0.037%	$19.0M	$21.2M	20x	as long as short
Bitget SPCXUSDT	+0.0328%	8h	153.14	+0.082%	$31.3M	$66.7M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	152.97	−0.029%	$733K	$970K	10x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.13	+0.075%	$401K	$535K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0453%	1h	153.03	+0.010%	$143.4M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0523%	1h	153.06	+0.033%	$11K	$187K	10x	as long as short
edgeX SPCXUSDC	+0.0706%	4h	153.00	−0.012%	$1.7M	$892K	20x	as long as short