Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0573%/8h= −62.7% APRpaid last 24h −0.087%

Price spread now: GMX against BloFin−0.036%51s7-day average — · you buy dearer than you sell

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

Long on BloFin 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 −$17 a day on $10k at the current rate, and GMX is 0.036% cheaper against BloFin 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. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	152.88	0.0079	pay 0.0079% / 8h	14m 10s	$1.9M	$1.4M	75x
Short	GMX SPCX/USD [ETH-USDC]	152.82	L −0.0280% / S +0.0494%	pay 0.0062% / 1h	14m 10s	$88K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$120.33
Price spread: −0.036% → 0.000%: −$3.6
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$147.93
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 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 BloFin live order book, 4 min ago	0.33 bp	6.3 bp −$6	7.4 bp −$74	9.6 bp −$956	15.9 bp −$7,949
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 −0.0280% / S +0.0494%	1h	152.82	−0.036%	$88K	—	20x
Gate SPCX_USDT	0.0000%	8h	152.86	−0.013%	$96.6M	$31.5M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.843%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.81	−0.046%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.07	+0.124%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.87	−0.007%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.83	−0.032%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.80	−0.052%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.858%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.81	−0.046%	$105K	$297K	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	152.83	−0.033%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.83	−0.033%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.87	−0.007%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.79	−0.059%	$534K	$411K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.75	−0.085%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.84	−0.026%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDTlong	+0.0079%	8h	152.88	long leg	$1.9M	$1.4M	75x
Paradex SPCX-USD-PERP	+0.0095%	8h	152.87	−0.005%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.76	−0.078%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.75	−0.085%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.96	+0.052%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.86	−0.013%	$15K	$7K	10x	as long as short
Lighter SPCX	+0.0104%	1h	152.84	−0.026%	$1.6M	$7.5M	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.89	+0.005%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0153%	8h	152.90	+0.013%	$30.7M	$42.8M	100x	as long as short
Bullet SPCX-USD	+0.0155%	1h	152.88	+0.001%	$12K	$188K	10x	as long as short
Variational Omni SPCX	+0.0178%	8h	152.85	−0.018%	$6.0M	$3.4M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0196%	8h	152.87	−0.007%	$38.9M	$169.4M	75x	as long as short
Binance SPCXUSDT	+0.0200%	8h	152.87	−0.007%	$252.7M	$1.39B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.86	−0.013%	$734K	$3.6M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0250%	1h	152.83	−0.033%	$143.4M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.90	+0.013%	$445K	$269K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.059%	$733K	$970K	10x	as long as short
Nado SPCX-PERP	+0.0297%	1h	152.75	−0.086%	$601K	$885K	20x	as long as short
Aster SPCXUSD1	+0.0299%	8h	152.94	+0.042%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0312%	8h	152.90	+0.013%	$31.2M	$67.1M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.92	+0.027%	$403K	$539K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0470%	1h	152.85	−0.020%	$71K	$1.0M	10x	as long as short
edgeX SPCXUSDC	+0.0970%	4h	152.89	+0.008%	$1.7M	$893K	20x	as long as short