Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against GRVT−11.638%7-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 ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 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. ApeX Omni is 11.638% cheaper against GRVT than usual: you would sell low and buy high (spread −11.638% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,164 on $10k: about 13 months of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SPCX_USDT_Perp	172.53	0	get 0.0000% / 8h	2h 50m	$4K	$882	10x
Short	ApeX Omni SPCXUSDT	152.45	0.0100	get 0.0013% / 1h	50m 24s	$58K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −11.638%Rate

Funding earned: $21
Price spread: −11.638% → 0.000%: −$1,163.83
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$1,161.83
Costs to cover: 0.190%
Break-even: 394.3 days

Slippage unknown: GRVT: no order-book sample; ApeX Omni: live order book, 62 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 GRVT no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 62 min ago	7.52 bp	14.8 bp −$15	48.2 bp −$482	doesn't fit	doesn't fit

GRVT: 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 −0.0224% / S +0.0463%	1h	152.47	−11.630%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.58	−11.563%	$96.3M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.63	−11.534%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perplong	0.0000%	8h	172.53	long leg	$4K	$882	10x
StandX SPCX-USD	0.0000%	1h	152.62	−11.540%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.78	−11.447%	$8K	$916K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.51	−11.604%	$87K	$1.3M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.63	−11.534%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0001%	8h	152.63	−11.534%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0013%	8h	152.59	−11.557%	$1.9M	$1.2M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0025%	1h	152.41	−11.660%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.49	−11.615%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.47	−11.627%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.53	−11.592%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.58	−11.563%	—	$1.2M	10x	as long as short
Lighter SPCX	+0.0048%	1h	152.53	−11.592%	$1.6M	$7.4M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.48	−11.621%	$131.0M	$128.5M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.54	−11.586%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.54	−11.586%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.59	−11.557%	$531K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.40	−11.667%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	152.59	−11.556%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.48	−11.621%	$169K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.48	−11.621%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.45	−11.638%	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.55	−11.580%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.57	−11.568%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0124%	8h	152.56	−11.576%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0132%	8h	152.60	−11.551%	$250.7M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.56	−11.575%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0142%	8h	152.61	−11.546%	$39.4M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0146%	1h	152.51	−11.602%	$614K	$804K	20x	as long as short
Bullet SPCX-USD	+0.0226%	1h	152.59	−11.555%	$12K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.62	−11.540%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−11.644%	$739K	$931K	10x	as long as short
edgeX SPCXUSDC	+0.0251%	4h	152.54	−11.588%	$1.7M	$892K	20x	as long as short
Phoenix SPCX	+0.0263%	1h	152.52	−11.598%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0398%	8h	152.61	−11.544%	$18.9M	$24.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.67	−11.511%	$9K	$28K	5.5x	as long as short