Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0673%/8h= −73.7% APRpaid last 24h −0.122%

Price spread now: GMX against OKX−0.023%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX 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—needs both histories

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and GMX is 0.023% cheaper against OKX than usual: you would sell low and buy high (−$2 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	OKX SPCX-USDT-SWAP	152.65	0.0184	pay 0.0184% / 8h	1h 13m	$38.9M	$168.5M	75x
Short	GMX SPCX/USD [ETH-USDC]	152.62	L −0.0272% / S +0.0488%	pay 0.0061% / 1h	13m 15s	$88K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$141.29
Price spread: −0.023% → 0.000%: −$2.29
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$165.58
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 6 min ago; 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 OKX live order book, 6 min ago	0.33 bp	5.3 bp −$5	6.2 bp −$62	11.4 bp −$1,135	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	152.62	−0.023%	$88K	—	20x
Gate SPCX_USDT	0.0000%	8h	152.63	−0.013%	$96.5M	$30.9M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+13.013%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.66	+0.007%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.80	+0.098%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.62	−0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.58	−0.044%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.56	−0.059%	$1.7M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	−0.052%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.013%	$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	152.59	−0.039%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.62	−0.020%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.62	−0.020%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.65	0.000%	$538K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.45	−0.131%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.62	−0.020%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0069%	8h	152.62	−0.016%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0076%	8h	152.66	+0.007%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.56	−0.059%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.53	−0.079%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.65	0.000%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.64	−0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.64	−0.008%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0110%	1h	152.65	−0.001%	$11K	$188K	10x	as long as short
Bybit SPCXUSDT	+0.0141%	8h	152.67	+0.013%	$30.8M	$42.4M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0160%	1h	152.62	−0.020%	$130.5M	$107.8M	20x	as long as short
Variational Omni SPCX	+0.0175%	8h	152.59	−0.042%	$6.0M	$3.9M	—	as long as short
OKX SPCX-USDT-SWAPlong	+0.0184%	8h	152.65	long leg	$38.9M	$168.5M	75x
Extended SPCX-USD	+0.0192%	1h	152.62	−0.018%	$739K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0196%	8h	152.65	0.000%	$255.5M	$1.38B	75x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.58	−0.046%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0243%	1h	152.51	−0.091%	$624K	$872K	20x	as long as short
Aster SPCXUSD1	+0.0250%	8h	152.71	+0.039%	$19.0M	$21.8M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.63	−0.013%	$741K	$947K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.64	−0.007%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0315%	8h	152.66	+0.007%	$31.0M	$66.5M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0406%	1h	152.61	−0.026%	$71K	$1.1M	10x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.67	+0.012%	$402K	$548K	20x	as long as short
edgeX SPCXUSDC	+0.0836%	4h	152.59	−0.042%	$1.7M	$894K	20x	as long as short