SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0513%/8h= −56.2% APRnext payment −$0.64 per $10,000 · paid last 24h −0.142%

Price spread now: GMX against Polymarket Perps−0.036%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps 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 −$15 a day on $10k at the current rate, and GMX is 0.036% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 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	Polymarket Perps SPCX-USD	152.50	0.0050	pay 0.0006% / 1h	51m 37s	$490K	$1.2M	10x
Short	GMX SPCX/USD [ETH-USDC]	152.44	L −0.0224% / S +0.0463%	pay 0.0058% / 1h	51m 37s	$90K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Polymarket 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 Polymarket PerpsbpFee GMXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$107.76
Price spread: −0.036% → 0.000%: −$3.61
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$131.37
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 2 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 Polymarket Perps live order book, 2 min ago	3.28 bp	7.3 bp −$7	7.3 bp −$73	8.8 bp −$876	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 −0.0224% / S +0.0463%	1h	152.44	−0.036%	$90K	—	20x
Gate SPCX_USDT	0.0000%	8h	152.57	+0.046%	$96.3M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.62	+0.079%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.132%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.58	+0.052%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.78	+0.184%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.64	+0.092%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0003%	8h	152.59	+0.059%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0012%	8h	152.54	+0.026%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.41	−0.060%	$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	152.48	−0.013%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.46	−0.026%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.52	+0.013%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.53	+0.020%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.45	−0.033%	$131.1M	$128.5M	20x	as long as short
Polymarket Perps SPCX-USDlong	+0.0050%	1h	152.50	long leg	$490K	$1.2M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.54	+0.026%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.59	+0.059%	$532K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.40	−0.066%	$3.2M	$2.3M	10x	as long as short
Lighter SPCX	+0.0056%	1h	152.52	+0.013%	$1.6M	$7.4M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	152.60	+0.064%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.56	+0.039%	$87K	$1.3M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.47	−0.020%	$169K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.46	−0.026%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.033%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.53	+0.020%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.55	+0.035%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0122%	8h	152.52	+0.012%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0133%	8h	152.59	+0.059%	$250.7M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.55	+0.032%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0142%	8h	152.61	+0.072%	$39.4M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0174%	1h	152.42	−0.052%	$614K	$804K	20x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.59	+0.062%	$408K	$522K	20x	as long as short
Bullet SPCX-USD	+0.0246%	1h	152.58	+0.053%	$12K	$193K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.039%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.48	−0.013%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0398%	8h	152.60	+0.065%	$18.9M	$24.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.67	+0.111%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0803%	4h	152.50	+0.001%	$1.7M	$892K	20x	as long as short