Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0488%/8h= −53.5% APRpaid last 24h −0.122%

Price spread now: GMX against GRVT−11.540%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 GMX

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

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and GMX is 11.540% cheaper against GRVT than usual: you would sell low and buy high (−$1,154 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

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	1h 25m	$4K	$882	10x
Short	GMX SPCX/USD [ETH-USDC]	152.60	L −0.0272% / S +0.0488%	pay 0.0061% / 1h	25m 14s	$88K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −11.540%Rate

Funding earned: −$102.57
Price spread: −11.540% → 0.000%: −$1,153.99
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,277.55
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GRVT: no order-book sample; GMX: 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 GMX no order-book sample	—	—	—	—	—

GRVT and GMX: 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]short	L −0.0272% / S +0.0488%	1h	152.60	−11.540%	$88K	—	20x
Gate SPCX_USDT	0.0000%	8h	152.61	−11.537%	$96.5M	$30.9M	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	152.66	−11.508%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.83	−11.409%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.65	−11.514%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	152.59	−11.548%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.56	−11.566%	$1.7M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.56	−11.566%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	−8.847%	$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
Vest SPCX-USD-PERP	+0.0046%	1h	152.60	−11.543%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.62	−11.531%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.61	−11.537%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.64	−11.520%	$539K	$403K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.51	−11.595%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.62	−11.531%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0069%	8h	152.62	−11.531%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0077%	8h	152.66	−11.508%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0080%	1h	152.64	−11.521%	$11K	$189K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.54	−11.578%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−11.589%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.54	−11.578%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.65	−11.514%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.64	−11.518%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0135%	1h	152.61	−11.537%	$130.0M	$107.5M	20x	as long as short
Bybit SPCXUSDT	+0.0136%	8h	152.65	−11.514%	$30.8M	$42.3M	100x	as long as short
Variational Omni SPCX	+0.0177%	8h	152.63	−11.528%	$6.0M	$3.9M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0181%	8h	152.64	−11.520%	$38.9M	$168.4M	75x	as long as short
Binance SPCXUSDT	+0.0197%	8h	152.63	−11.524%	$255.5M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.61	−11.539%	$715K	$3.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.58	−11.554%	$70K	$1.1M	10x	as long as short
Nado SPCX-PERP	+0.0223%	1h	152.52	−11.591%	$624K	$872K	20x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.56	−11.566%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0245%	8h	152.70	−11.483%	$19.0M	$21.8M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	−11.479%	$741K	$947K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.65	−11.514%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0315%	8h	152.65	−11.514%	$31.0M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.68	−11.495%	$402K	$541K	20x	as long as short
edgeX SPCXUSDC	+0.0562%	4h	152.62	−11.531%	$1.7M	$891K	20x	as long as short