Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against GRVT−11.698%112s7-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 Pacifica

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 · Pacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 11.698% cheaper against GRVT than usual: you would sell low and buy high (spread −11.698% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,170 on $10k: about 13 months of funding at the current rate (+$3 a day). The two prices were read 112 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	1h 35m	$4K	$882	10x
Short	Pacifica SPCX	152.34	0.0100	get 0.0013% / 1h	35m 37s	$169K	$120K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −11.698%Rate

Funding earned: $21
Price spread: −11.698% → 0.000%: −$1,169.79
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$1,165.79
Costs to cover: 0.170%
Break-even: 395.6 days

Slippage unknown: GRVT: no order-book sample; Pacifica: live order book, 7 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 Pacifica live order book, 7 min ago	0.33 bp	6.5 bp −$6	doesn't fit	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 −0.0187% / S +0.0435%	1h	152.31	−11.712%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0013%	8h	152.43	−11.646%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.40	−11.663%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.37	−11.680%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.41	−11.657%	$31.2M	$66.0M	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	152.38	−11.675%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.72	−11.478%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.49	−11.611%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	152.39	−11.668%	$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	152.32	−11.709%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.40	−11.663%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.34	−11.698%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.35	−11.692%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	−11.680%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.39	−11.669%	$531K	$381K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.25	−11.750%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.44	−11.640%	$408K	$498K	20x	as long as short
Paradex SPCX-USD-PERP	+0.0089%	8h	152.42	−11.650%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0090%	8h	152.38	−11.676%	$5.9M	$2.8M	—	as long as short
tradeXYZ xyz:SPCX	+0.0093%	1h	152.31	−11.715%	$129.9M	$129.0M	20x	as long as short
Pacifica SPCXshort	+0.0100%	1h	152.34	−11.698%	$169K	$120K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.28	−11.733%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.44	−11.640%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.41	−11.657%	$14K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.37	−11.679%	$733K	$3.8M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.41	−11.659%	$88	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0105%	1h	152.38	−11.675%	$487K	$1.2M	10x	as long as short
Binance SPCXUSDT	+0.0109%	8h	152.41	−11.657%	$251.5M	$1.36B	75x	as long as short
Lighter SPCX	+0.0112%	1h	152.33	−11.704%	$1.6M	$7.4M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0119%	8h	152.41	−11.657%	$39.5M	$166.6M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−11.686%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.38	−11.675%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0241%	1h	152.27	−11.740%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0270%	1h	152.41	−11.659%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0372%	8h	152.54	−11.583%	$18.9M	$27.2M	20x	as long as short
edgeX SPCXUSDC	+0.0430%	4h	152.41	−11.660%	$1.7M	$891K	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	−11.425%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0538%	1h	152.36	−11.686%	$89K	$1.3M	10x	as long as short