Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: GRVT against Ondo Perps+13.169%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on GRVT

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 airdropOndo Perps: Active · GRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 13.169% dearer against Ondo Perps than usual: you sell high and buy low (spread +13.169% now, against zero (this spread has no 7-day history yet)): +$1,317 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about years.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SPCX-USD.P	152.44	0.0050	pay 0.0006% / 1h	18m 57s	$3.2M	$2.6M	10x
Short	GRVT SPCX_USDT_Perp	172.52	0	get 0.0000% / 8h	1h 18m	$4K	$882	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Ondo Perps. 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 Ondo PerpsbpFee GRVTbpOrdersPrice spread, now +13.169%Rate

Funding earned: −$10.58
Price spread: +13.169% → 0.000%: $1,316.94
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $1,292.35
Costs to cover: 0.140%
Break-even: from the start

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

Ondo Perps and 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 −0.0272% / S +0.0488%	1h	152.57	+0.089%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.58	+0.092%	$96.5M	$30.9M	100x	as long as short
GRVT SPCX_USDT_Perpshort	0.0000%	8h	172.52	+13.169%	$4K	$882	10x
StandX SPCX-USD	0.0000%	1h	152.63	+0.125%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.80	+0.236%	$8K	$978K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.60	+0.105%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.59	+0.099%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.52	+0.052%	$1.7M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.52	+0.052%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.155%	$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	152.55	+0.072%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.56	+0.079%	$488K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.58	+0.092%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.60	+0.105%	$538K	$403K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.44	long leg	$3.2M	$2.6M	10x
QFEX SPCX-USD	+0.0066%	1h	152.58	+0.092%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0067%	8h	152.59	+0.097%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0076%	8h	152.61	+0.112%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0094%	1h	152.60	+0.105%	$11K	$188K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.51	+0.046%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.50	+0.039%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.53	+0.059%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.62	+0.118%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.61	+0.112%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0137%	8h	152.60	+0.105%	$30.8M	$42.4M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0147%	1h	152.56	+0.079%	$130.2M	$107.6M	20x	as long as short
Variational Omni SPCX	+0.0175%	8h	152.60	+0.102%	$6.0M	$3.9M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0181%	8h	152.62	+0.118%	$38.9M	$168.4M	75x	as long as short
Extended SPCX-USD	+0.0192%	1h	152.58	+0.093%	$739K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0196%	8h	152.61	+0.112%	$255.4M	$1.38B	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.53	+0.059%	$70K	$1.1M	10x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.53	+0.059%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0236%	1h	152.48	+0.029%	$624K	$872K	20x	as long as short
Aster SPCXUSD1	+0.0246%	8h	152.67	+0.151%	$19.0M	$21.8M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	+0.177%	$741K	$947K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.60	+0.105%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0316%	8h	152.60	+0.105%	$31.0M	$66.5M	75x	as long as short
edgeX SPCXUSDC	+0.0386%	4h	152.60	+0.102%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.65	+0.134%	$402K	$548K	20x	as long as short