Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against GRVT−11.337%57s7-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 Polymarket 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 · farm boardneeds both histories

Funding pays, the price is against you. Polymarket Perps is 11.337% cheaper against GRVT than usual: you would sell low and buy high (spread −11.337% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,134 on $10k: about years of funding at the current rate (+$2 a day). The two prices were read 57 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	5h 31m	$4K	$882	10x
Short	Polymarket Perps SPCX-USD	152.97	0.0050	get 0.0006% / 1h	31m 31s	$499K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now −11.337%Rate

Funding earned: $10.5
Price spread: −11.337% → 0.000%: −$1,133.66
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$1,140.16
Costs to cover: 0.170%
Break-even: 767.1 days

Slippage unknown: GRVT: no order-book sample; Polymarket Perps: live order book, 2 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 Polymarket Perps live order book, 2 min ago	1.31 bp	5.3 bp −$5	6.2 bp −$62	9.3 bp −$930	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 −0.0333% / S +0.0531%	1h	152.97	−11.334%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	−11.331%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.04	−11.296%	$31.7M	$66.1M	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	152.91	−11.371%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.22	−11.192%	$8K	$939K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.02	−11.308%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.97	−11.337%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.96	−11.342%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	−11.360%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SPCXUSDT	+0.0035%	8h	153.02	−11.308%	$30.8M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.94	−11.354%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	−11.337%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.00	−11.319%	$1.2M	$6.5M	10x	as long as short
Polymarket Perps SPCX-USDshort	+0.0050%	1h	152.97	−11.337%	$499K	$1.2M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.98	−11.331%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	−11.319%	$534K	$401K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.86	−11.400%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0067%	8h	153.04	−11.296%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0075%	8h	153.02	−11.306%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	−11.371%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−11.371%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.05	−11.290%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	−11.302%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.01	−11.315%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0149%	1h	153.02	−11.308%	$11K	$190K	10x	as long as short
Variational Omni SPCX	+0.0173%	8h	153.00	−11.322%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0178%	8h	153.03	−11.302%	$39.5M	$167.7M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.97	−11.339%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0187%	8h	153.02	−11.308%	$252.7M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0189%	1h	152.97	−11.337%	$142.1M	$119.4M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.04	−11.297%	$408K	$549K	20x	as long as short
Nado SPCX-PERP	+0.0204%	1h	152.90	−11.375%	$622K	$831K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	−11.313%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.00	−11.319%	$445K	$267K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	152.96	−11.342%	$73K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0407%	8h	153.10	−11.261%	$19.0M	$17.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	−11.157%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0946%	4h	153.02	−11.311%	$1.7M	$893K	20x	as long as short