Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0261%/8h= −28.6% APRpaid last 24h −0.054%

Price spread now: GRVT against Phoenix+13.170%7-day average — · you sell dearer than you buy

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

Long on Phoenix 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 airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 13.170% dearer against Phoenix than usual: you sell high and buy low (spread +13.170% now, against zero (this spread has no 7-day history yet)): +$1,317 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SPCX	152.45	0.0261	pay 0.0033% / 1h	0m 59s	$443K	$264K	15x
Short	GRVT SPCX_USDT_Perp	172.53	0	get 0.0000% / 8h	3h 00m	$4K	$882	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Phoenix. 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 PhoenixbpFee GRVTbpOrdersPrice spread, now +13.170%Rate

Funding earned: −$54.9
Price spread: +13.170% → 0.000%: $1,317.03
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $1,246.13
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 51 min ago; 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 Phoenix live order book, 51 min ago	0.33 bp	7.5 bp −$8	23.4 bp −$234	doesn't fit	doesn't fit
Sell GRVT no order-book sample	—	—	—	—	—

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 −0.0224% / S +0.0463%	1h	152.34	−0.069%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.45	0.000%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.43	−0.013%	$96.2M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.47	+0.013%	$31.4M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perpshort	0.0000%	8h	172.53	+13.170%	$4K	$882	10x
StandX SPCX-USD	0.0000%	1h	152.55	+0.066%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.70	+0.164%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.52	+0.046%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0011%	8h	152.46	+0.007%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.37	−0.051%	$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	152.36	−0.059%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.40	−0.033%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.46	+0.007%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.42	−0.020%	$489K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.41	−0.026%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.46	+0.007%	$531K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.33	−0.079%	$3.2M	$2.3M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.43	−0.013%	$1.2M	$5.6M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0053%	1h	152.34	−0.072%	$131.0M	$128.4M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.46	+0.006%	$101	—	5x	as long as short
Lighter SPCX	+0.0056%	1h	152.40	−0.033%	$1.6M	$7.5M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.36	−0.059%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.32	−0.085%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.39	−0.039%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.46	+0.007%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.44	−0.007%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0121%	8h	152.43	−0.014%	$6.0M	$2.9M	—	as long as short
Extended SPCX-USD	+0.0128%	1h	152.40	−0.031%	$731K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0131%	8h	152.45	0.000%	$250.5M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0139%	8h	152.45	0.000%	$39.4M	$166.3M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.41	−0.026%	$87K	$1.2M	10x	as long as short
Nado SPCX-PERP	+0.0184%	1h	152.39	−0.039%	$614K	$804K	20x	as long as short
Bullet SPCX-USD	+0.0189%	1h	152.46	+0.007%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.49	+0.023%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.007%	$739K	$931K	10x	as long as short
Phoenix SPCXlong	+0.0261%	1h	152.45	long leg	$443K	$264K	15x
Aster SPCXUSD1	+0.0403%	8h	152.54	+0.058%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.485%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0669%	4h	152.49	+0.024%	$1.7M	$893K	20x	as long as short