Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0379%/8h= +41.5% APRpaid last 24h +0.080%

Price spread now: KuCoin against GMX−0.062%7-day average — · you buy dearer than you sell

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

Long on GMX Short on KuCoin

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

Funding pays, the price is against you. KuCoin is 0.062% cheaper against GMX than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 13 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SPCX/USD [ETH-USDC]	152.87	L −0.0279% / S +0.0493%	get 0.0035% / 1h	17m 16s	$88K	—	20x
Short	KuCoin SPCXUSDTM	152.77	0.0100	get 0.0100% / 8h	17m 16s	$13.0M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.062%Rate

Funding earned: $79.54
Price spread: −0.062% → 0.000%: −$6.21
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $49.33
Costs to cover: 0.240%
Break-even: 2.7 days

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago	1.31 bp	10.9 bp −$11	38.1 bp −$381	doesn't fit	doesn't fit

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 −0.0279% / S +0.0493%	1h	152.87	long leg	$88K	—	20x
Gate SPCX_USDT	0.0000%	8h	152.88	+0.010%	$96.6M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.854%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.81	−0.036%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.10	+0.154%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.89	+0.016%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.83	−0.023%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.82	−0.029%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.869%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.84	−0.016%	$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	152.86	−0.003%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.87	+0.003%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.89	+0.016%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.86	−0.003%	$535K	$410K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.79	−0.049%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.87	+0.003%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDT	+0.0079%	8h	152.91	+0.029%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0093%	8h	152.90	+0.025%	$101	—	5x	as long as short
Lighter SPCX	+0.0096%	1h	152.86	−0.003%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.83	−0.023%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.77	−0.062%	$13.0M	$5.5M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.010%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.90	+0.023%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.92	+0.037%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0150%	1h	152.91	+0.029%	$12K	$188K	10x	as long as short
Bybit SPCXUSDT	+0.0151%	8h	152.94	+0.049%	$30.7M	$42.8M	100x	as long as short
Variational Omni SPCX	+0.0176%	8h	152.93	+0.045%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0195%	8h	152.91	+0.029%	$38.9M	$169.4M	75x	as long as short
Binance SPCXUSDT	+0.0199%	8h	152.90	+0.023%	$253.0M	$1.39B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.88	+0.007%	$734K	$3.6M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0252%	1h	152.85	−0.010%	$143.4M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.90	+0.023%	$445K	$269K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.069%	$733K	$970K	10x	as long as short
Nado SPCX-PERP	+0.0296%	1h	152.76	−0.066%	$601K	$885K	20x	as long as short
Aster SPCXUSD1	+0.0298%	8h	152.98	+0.075%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0311%	8h	152.91	+0.029%	$31.2M	$67.3M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.96	+0.064%	$403K	$539K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0601%	1h	152.88	+0.010%	$71K	$1.0M	10x	as long as short
edgeX SPCXUSDC	+0.0783%	4h	152.90	+0.022%	$1.7M	$893K	20x	as long as short