Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0328%/8h= +35.9% APRpaid last 24h +0.047%

Price spread now: Coinbase International against GRVT−11.330%76s7-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 Coinbase International

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. Coinbase International is 11.330% cheaper against GRVT than usual: you would sell low and buy high (spread −11.330% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,133 on $10k: about 4 months of funding at the current rate (+$10 a day). The two prices were read 76 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	172.52	0	get 0.0000% / 8h	7h 56m	$4K	$882	10x
Short	Coinbase International SPCX-PERP-INTX	152.97	0.0328	get 0.0041% / 1h	56m 07s	$733K	$970K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −11.330%Rate

Funding earned: $68.88
Price spread: −11.330% → 0.000%: −$1,132.96
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$1,083.08
Costs to cover: 0.190%
Break-even: 117.1 days

Slippage unknown: GRVT: no order-book sample; Coinbase International: live order book, 17 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 Coinbase International live order book, 17 min ago	1.96 bp	7.3 bp −$7	9.6 bp −$96	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 −0.0292% / S +0.0502%	1h	153.01	−11.303%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.02	−11.301%	$96.6M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perplong	0.0000%	8h	172.52	long leg	$4K	$882	10x
StandX SPCX-USD	0.0000%	1h	152.88	−11.382%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.27	−11.156%	$8K	$966K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.03	−11.295%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.82	−11.416%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.99	−11.318%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	−8.849%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.05	−11.283%	—	$1.2M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0048%	1h	153.02	−11.301%	$1.6M	$7.4M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	−11.318%	$1.7M	$81K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.99	−11.318%	$534K	$414K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.81	−11.422%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.03	−11.295%	$1.2M	$7.6M	10x	as long as short
edgeX SPCXUSDC	+0.0077%	4h	152.87	−11.386%	$1.7M	$891K	20x	as long as short
BloFin SPCX-USDT	+0.0088%	8h	153.03	−11.295%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	−11.359%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	−11.335%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.78	−11.440%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.05	−11.283%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.00	−11.312%	$89	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0107%	8h	153.08	−11.268%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0192%	8h	153.05	−11.281%	$6.0M	$3.5M	—	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.91	−11.364%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0202%	8h	153.04	−11.289%	$39.1M	$169.4M	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	153.04	−11.292%	$734K	$3.7M	10x	as long as short
Binance SPCXUSDT	+0.0209%	8h	153.02	−11.301%	$252.7M	$1.38B	75x	as long as short
Bybit SPCXUSDT	+0.0221%	8h	153.01	−11.306%	$30.7M	$42.8M	100x	as long as short
Nado SPCX-PERP	+0.0226%	1h	152.96	−11.336%	$600K	$879K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.92	−11.359%	$445K	$268K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	153.03	−11.295%	$71K	$1.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0288%	1h	152.94	−11.347%	$490K	$1.1M	10x	as long as short
Aster SPCXUSD1	+0.0319%	8h	153.01	−11.304%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0319%	8h	153.08	−11.266%	$31.3M	$66.7M	75x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0328%	1h	152.97	−11.330%	$733K	$970K	10x
RISEx SPCX/USDC	+0.0409%	1h	153.09	−11.263%	$401K	$540K	20x	as long as short
Bullet SPCX-USD	+0.0514%	1h	153.06	−11.277%	$12K	$187K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0516%	1h	152.95	−11.341%	$143.4M	$119.6M	20x	as long as short