Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h +0.015%

Price spread now: Aftermath Perps against GRVT−11.306%67s7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Aftermath Perps

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. Aftermath Perps is 11.306% cheaper against GRVT than usual: you would sell low and buy high (spread −11.306% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,131 on $10k: about years of funding at the current rate (+$1 a day). The two prices were read 67 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	GRVT SPCX_USDT_Perp	172.51	0	get 0.0000% / 8h	51m 44s	$4K	$882	10x
Short	Aftermath Perps SPCXUSD	153.01	0.0028	get 0.0003% / 1h	51m 44s	$8K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against GRVT. 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 GRVTbpFee Aftermath PerpsbpOrdersPrice spread, now −11.306%Rate

Funding earned: $5.79
Price spread: −11.306% → 0.000%: −$1,130.62
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$1,142.83
Costs to cover: 0.180%
Break-even: 1389.1 days

Slippage unknown: GRVT: no order-book sample; Aftermath Perps: 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 GRVT no order-book sample	—	—	—	—	—
Sell Aftermath Perps no order-book sample	—	—	—	—	—

GRVT and Aftermath Perps: 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 −0.0272% / S +0.0488%	1h	153.03	−11.291%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.99	−11.317%	$96.7M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perplong	0.0000%	8h	172.51	long leg	$4K	$882	10x
StandX SPCX-USD	0.0000%	1h	152.94	−11.346%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.23	−11.178%	$8K	$973K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.03	−11.294%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSDshort	+0.0028%	1h	153.01	−11.306%	$8K	$10K	10x
Lighter SPCX	+0.0032%	1h	152.96	−11.335%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.99	−11.317%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	−8.848%	$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
Arcus SPCX-USD	+0.0040%	1h	152.97	−11.329%	$106K	$296K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.02	−11.300%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.00	−11.311%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.04	−11.288%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.03	−11.294%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−11.364%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.99	−11.317%	$1.2M	$7.6M	10x	as long as short
Bullet SPCX-USD	+0.0074%	1h	153.04	−11.289%	$11K	$188K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0083%	8h	153.03	−11.295%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0086%	8h	153.06	−11.277%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	−11.358%	$173K	$136K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.89	−11.375%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−11.306%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.04	−11.288%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	−11.284%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0145%	8h	153.04	−11.288%	$30.8M	$42.7M	100x	as long as short
Variational Omni SPCX	+0.0188%	8h	152.99	−11.315%	$6.0M	$3.9M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0196%	8h	153.01	−11.306%	$39.0M	$169.5M	75x	as long as short
Binance SPCXUSDT	+0.0206%	8h	153.02	−11.300%	$254.0M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.99	−11.317%	$734K	$3.6M	10x	as long as short
Nado SPCX-PERP	+0.0247%	1h	152.94	−11.343%	$603K	$883K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	153.00	−11.311%	$446K	$269K	15x	as long as short
Aster SPCXUSD1	+0.0279%	8h	153.11	−11.248%	$19.0M	$21.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	−11.329%	$733K	$970K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0282%	1h	153.01	−11.306%	$143.7M	$118.3M	20x	as long as short
Bitget SPCXUSDT	+0.0311%	8h	153.04	−11.288%	$31.2M	$67.1M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	153.09	−11.259%	$403K	$538K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0404%	1h	153.03	−11.294%	$71K	$1.0M	10x	as long as short
edgeX SPCXUSDC	+0.0821%	4h	153.05	−11.283%	$1.7M	$892K	20x	as long as short