Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0403%/8h= +44.1% APRpaid last 24h +0.093%

Price spread now: Orderly against GMX+0.029%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 Orderly

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 +$12 a day on $10k at the current rate, and Orderly is 0.029% dearer against GMX than usual: you sell high and buy low: +$3 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]	152.93	L −0.0303% / S +0.0510%	get 0.0038% / 1h	35m 33s	$88K	—	20x
Short	Orderly PERP_SPCX_USDC_mythos	152.97	0.0100	get 0.0100% / 8h	7h 35m	$15K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.029%Rate

Funding earned: $84.64
Price spread: +0.029% → 0.000%: $2.94
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $69.58
Costs to cover: 0.180%
Break-even: 1.2 days

Slippage unknown: GMX: no order-book sample; Orderly: 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 GMX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

GMX and Orderly: 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 −0.0303% / S +0.0510%	1h	152.93	long leg	$88K	—	20x
Gate SPCX_USDT	0.0000%	8h	152.92	−0.003%	$96.4M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.811%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.83	−0.062%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.219%	$8K	$959K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.97	+0.029%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.92	−0.005%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.88	−0.029%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.828%	$9K	$27K	5.5x	as long as short
Lighter SPCX	+0.0040%	1h	152.90	−0.016%	$1.6M	$7.4M	20x	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	152.91	−0.010%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.93	+0.003%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.95	+0.016%	$534K	$415K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.056%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	152.93	+0.003%	$1.2M	$7.4M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0064%	1h	152.90	−0.016%	$488K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	152.97	+0.031%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.86	−0.043%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.84	−0.056%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.049%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythosshort	+0.0100%	8h	152.97	+0.029%	$15K	$7K	10x
BloFin SPCX-USDT	+0.0100%	8h	153.01	+0.056%	$1.9M	$1.4M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.94	+0.012%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0179%	8h	152.95	+0.016%	$30.7M	$42.7M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.90	−0.016%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0205%	8h	152.96	+0.023%	$39.2M	$169.0M	75x	as long as short
Variational Omni SPCX	+0.0207%	8h	152.92	−0.002%	$6.0M	$3.5M	—	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.89	−0.023%	$71K	$1.1M	10x	as long as short
Binance SPCXUSDT	+0.0222%	8h	152.95	+0.016%	$253.0M	$1.38B	75x	as long as short
Nado SPCX-PERP	+0.0222%	1h	152.82	−0.067%	$603K	$853K	20x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.93	+0.002%	$732K	$3.7M	10x	as long as short
Bullet SPCX-USD	+0.0249%	1h	152.94	+0.010%	$11K	$188K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0251%	1h	152.91	−0.010%	$143.1M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	152.94	+0.010%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	152.96	+0.023%	$733K	$981K	10x	as long as short
Bitget SPCXUSDT	+0.0330%	8h	152.98	+0.036%	$31.2M	$66.4M	75x	as long as short
Aster SPCXUSD1	+0.0343%	8h	153.03	+0.065%	$19.0M	$18.6M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	152.98	+0.036%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0623%	4h	152.94	+0.008%	$1.7M	$893K	20x	as long as short