Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0435%/8h= −47.6% APRpaid last 24h −0.126%

Price spread now: GMX against SunX−0.232%7-day average — · you buy dearer than you sell

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

Long on SunX 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 −$13 a day on $10k at the current rate, and GMX is 0.232% cheaper against SunX than usual: you would sell low and buy high (−$23 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	SunX SPCX-USDT	152.69	0	get 0.0000% / 8h	1h 30m	$8K	$896K	10x
Short	GMX SPCX/USD [ETH-USDC]	152.34	L −0.0187% / S +0.0435%	pay 0.0054% / 1h	30m 44s	$90K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against SunX. 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 SunXbpFee GMXbpOrdersPrice spread, now −0.232%Rate

Funding earned: −$91.32
Price spread: −0.232% → 0.000%: −$23.25
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$134.57
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 32 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 SunX live order book, 32 min ago	21.92 bp	doesn't fit	doesn't fit	doesn't fit	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 −0.0187% / S +0.0435%	1h	152.34	−0.232%	$90K	—	20x
BloFin SPCX-USDT	−0.0005%	8h	152.44	−0.164%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.44	−0.164%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.39	−0.196%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.44	−0.164%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.991%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.203%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	152.69	long leg	$8K	$896K	10x
HTX SPCX-USDT	0.0000%	8h	152.49	−0.131%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.34	−0.228%	$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	152.35	−0.223%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.40	−0.190%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.33	−0.236%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.34	−0.229%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.41	−0.183%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.39	−0.196%	$531K	$380K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.25	−0.288%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.46	−0.154%	$399K	$502K	20x	as long as short
Variational Omni SPCX	+0.0098%	8h	152.42	−0.178%	$5.9M	$2.8M	—	as long as short
Paradex SPCX-USD-PERP	+0.0100%	8h	152.42	−0.179%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.34	−0.229%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.28	−0.269%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.44	−0.164%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.41	−0.183%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.40	−0.189%	$88	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0104%	1h	152.33	−0.236%	$129.9M	$129.1M	20x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.40	−0.188%	$733K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0115%	8h	152.45	−0.156%	$251.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0124%	8h	152.47	−0.144%	$39.5M	$166.7M	75x	as long as short
Lighter SPCX	+0.0128%	1h	152.35	−0.223%	$1.6M	$7.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0129%	1h	152.38	−0.203%	$487K	$1.2M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.216%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.38	−0.203%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0252%	1h	152.25	−0.290%	$626K	$808K	20x	as long as short
edgeX SPCXUSDC	+0.0268%	4h	152.40	−0.188%	$1.7M	$893K	20x	as long as short
Bullet SPCX-USD	+0.0285%	1h	152.44	−0.161%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0380%	8h	152.57	−0.078%	$18.9M	$28.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.079%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0473%	1h	152.35	−0.223%	$89K	$1.3M	10x	as long as short