Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against GRVT−11.701%53s7-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 Ondo Perps

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 · Ondo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 11.701% cheaper against GRVT than usual: you would sell low and buy high (spread −11.701% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,170 on $10k: about years of funding at the current rate (+$2 a day). The two prices were read 53 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	172.53	0	get 0.0000% / 8h	2h 51m	$4K	$882	10x
Short	Ondo Perps SPCX-USD.P	152.34	0.0050	get 0.0006% / 1h	51m 54s	$3.2M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo 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 Ondo PerpsbpOrdersPrice spread, now −11.701%Rate

Funding earned: $10.58
Price spread: −11.701% → 0.000%: −$1,170.06
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$1,173.48
Costs to cover: 0.140%
Break-even: 783.1 days

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

GRVT and Ondo 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 −0.0224% / S +0.0463%	1h	152.44	−11.640%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.56	−11.573%	$96.3M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.62	−11.538%	$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	152.58	−11.562%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.78	−11.446%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.64	−11.527%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0003%	8h	152.59	−11.556%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0012%	8h	152.54	−11.585%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.41	−11.661%	$7K	$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 RH SPCX	+0.0032%	1h	152.48	−11.619%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.44	−11.643%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.52	−11.596%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.53	−11.591%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.45	−11.637%	$131.1M	$128.5M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.50	−11.608%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.54	−11.585%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.59	−11.556%	$532K	$388K	50x	as long as short
Ondo Perps SPCX-USD.Pshort	+0.0050%	1h	152.34	−11.701%	$3.2M	$2.3M	10x
Lighter SPCX	+0.0056%	1h	152.52	−11.596%	$1.6M	$7.4M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0064%	8h	152.55	−11.580%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.56	−11.573%	$87K	$1.3M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.45	−11.637%	$169K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.46	−11.631%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−11.637%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.53	−11.591%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.55	−11.577%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0122%	8h	152.52	−11.597%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0132%	8h	152.58	−11.562%	$250.7M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.54	−11.586%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0142%	8h	152.60	−11.550%	$39.4M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0174%	1h	152.42	−11.654%	$614K	$804K	20x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.59	−11.553%	$408K	$522K	20x	as long as short
Bullet SPCX-USD	+0.0246%	1h	152.58	−11.561%	$12K	$193K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−11.643%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.48	−11.619%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0399%	8h	152.59	−11.554%	$18.9M	$24.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.67	−11.509%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0803%	4h	152.50	−11.607%	$1.7M	$892K	20x	as long as short