Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.027%

Price spread now: tradeXYZ against GRVT−11.761%386s7-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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 11.761% cheaper against GRVT than usual: you would sell low and buy high (spread −11.761% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,176 on $10k: about years of funding at the current rate (+$2 a day). The two prices were read 386 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	3m 04s	$4K	$882	10x
Short	tradeXYZ xyz:SPCX	152.23	0.0050	get 0.0006% / 1h	3m 04s	$129.7M	$129.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −11.761%Rate

Funding earned: $10.5
Price spread: −11.761% → 0.000%: −$1,176.14
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$1,192.64
Costs to cover: 0.270%
Break-even: 802.1 days

Slippage unknown: GRVT: no order-book sample; tradeXYZ: 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 tradeXYZ live order book, 7 min ago	0.33 bp	9.9 bp −$10	11.8 bp −$118	17.2 bp −$1,723	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	152.25	−11.747%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0002%	8h	152.34	−11.698%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.34	−11.698%	$30.5M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.33	−11.703%	$96.3M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.36	−11.686%	$31.2M	$66.2M	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	152.37	−11.680%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.57	−11.564%	$8K	$888K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.30	−11.721%	$90K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.41	−11.657%	$1.3M	$1.8M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0022%	1h	152.25	−11.749%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.28	−11.732%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.26	−11.744%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.25	−11.750%	$102K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.34	−11.698%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCXshort	+0.0050%	1h	152.23	−11.761%	$129.7M	$129.4M	20x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.28	−11.732%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.32	−11.709%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.31	−11.715%	$530K	$370K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.19	−11.785%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.31	−11.715%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0072%	8h	152.32	−11.707%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.24	−11.756%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.19	−11.785%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.25	−11.750%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.34	−11.698%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.33	−11.702%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0104%	8h	152.31	−11.712%	$5.9M	$2.8M	—	as long as short
Bullet SPCX-USD	+0.0115%	1h	152.33	−11.703%	$11K	$192K	10x	as long as short
Binance SPCXUSDT	+0.0118%	8h	152.34	−11.698%	$253.3M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0120%	1h	152.31	−11.713%	$723K	$5.3M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0134%	8h	152.37	−11.680%	$39.7M	$166.7M	75x	as long as short
Nado SPCX-PERP	+0.0150%	1h	152.27	−11.740%	$631K	$803K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	−11.698%	$728K	$930K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.31	−11.715%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0387%	8h	152.43	−11.646%	$18.9M	$30.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	−11.489%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.38	−11.674%	$381K	$505K	20x	as long as short
edgeX SPCXUSDC	+0.0487%	4h	152.29	−11.724%	$1.7M	$890K	20x	as long as short