Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h +0.019%

Price spread now: Extended against GRVT−11.276%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 Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 11.276% cheaper against GRVT than usual: you would sell low and buy high (spread −11.276% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,128 on $10k: about 7 months of funding at the current rate (+$5 a day).

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	4h 43m	$4K	$882	10x
Short	Extended SPCX-USD	153.07	0.0168	get 0.0021% / 1h	43m 27s	$738K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −11.276%Rate

Funding earned: $35.28
Price spread: −11.276% → 0.000%: −$1,127.61
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$1,106.33
Costs to cover: 0.140%
Break-even: 226.5 days

Slippage unknown: GRVT: no order-book sample; Extended: live order book, 5 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 Extended live order book, 5 min ago	0.33 bp	2.8 bp −$3	5.5 bp −$55	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 −0.0314% / S +0.0531%	1h	153.06	−11.279%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.11	−11.253%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.09	−11.265%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.14	−11.236%	$31.7M	$65.4M	75x	as long as short
GRVT SPCX_USDT_Perplong	0.0000%	8h	172.52	long leg	$4K	$882	10x
StandX SPCX-USD	0.0000%	1h	153.01	−11.311%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.33	−11.125%	$8K	$936K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.09	−11.265%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0011%	1h	153.04	−11.294%	$73K	$1.2M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.02	−11.303%	$8K	$8K	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	+0.0032%	1h	153.07	−11.276%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.02	−11.305%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.02	−11.305%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.10	−11.259%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.05	−11.288%	$1.2M	$6.2M	10x	as long as short
BloFin SPCX-USDT	+0.0046%	8h	153.10	−11.259%	$1.9M	$1.4M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.06	−11.282%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.08	−11.270%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.09	−11.265%	$533K	$397K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−11.363%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0065%	8h	153.11	−11.250%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0077%	1h	153.06	−11.282%	$141.5M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0089%	1h	153.10	−11.257%	$11K	$192K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	153.00	−11.317%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.00	−11.317%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−11.311%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	−11.259%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.09	−11.265%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0138%	1h	153.03	−11.299%	$617K	$824K	20x	as long as short
Variational Omni SPCX	+0.0154%	8h	153.07	−11.278%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0158%	8h	153.12	−11.247%	$39.5M	$166.9M	75x	as long as short
Binance SPCXUSDT	+0.0165%	8h	153.11	−11.253%	$252.3M	$1.37B	75x	as long as short
Extended SPCX-USDshort	+0.0168%	1h	153.07	−11.276%	$738K	$3.8M	10x
RISEx SPCX/USDC	+0.0191%	1h	153.13	−11.238%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−11.294%	$738K	$925K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.05	−11.288%	$445K	$268K	15x	as long as short
edgeX SPCXUSDC	+0.0297%	4h	153.05	−11.285%	$1.7M	$893K	20x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.15	−11.230%	$19.0M	$19.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	−11.114%	$9K	$28K	5.5x	as long as short