Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0237%/8h= +26.0% APRpaid last 24h +0.093%

Price spread now: Paradex against GMX+0.040%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Paradex is 0.040% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SPCX/USD [ETH-USDC]	152.47	L −0.0187% / S +0.0435%	get 0.0023% / 1h	54m 44s	$90K	—	20x
Short	Paradex SPCX-USD-PERP	152.53	0.0050	get 0.0050% / 8h	4h 54m	$101	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against GMX. 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 GMXbpFee ParadexbpOrdersPrice spread, now +0.040%Rate

Funding earned: $49.77
Price spread: +0.040% → 0.000%: $3.99
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $37.76
Costs to cover: 0.160%
Break-even: 1.7 days

Slippage unknown: GMX: no order-book sample; Paradex: 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 GMX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

GMX and Paradex: 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 38 exchanges

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]long	L −0.0187% / S +0.0435%	1h	152.47	long leg	$90K	—	20x
BloFin SPCX-USDT	−0.0075%	8h	152.52	+0.036%	$2.0M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.56	+0.062%	$30.1M	$42.5M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.53	+0.043%	$96.2M	$30.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.60	+0.089%	$31.1M	$66.6M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.64	+0.115%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.161%	$8K	$810K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.61	+0.095%	$1.3M	$1.7M	75x	as long as short
Variational Omni SPCX	+0.0008%	8h	152.59	+0.085%	$5.9M	$2.7M	—	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.55	+0.056%	$7K	$7K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0029%	1h	152.52	+0.036%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.47	+0.003%	$1.5M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.43	−0.023%	$2.5M	$7.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.207%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.48	+0.010%	$102K	$293K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.51	+0.030%	—	$1.2M	10x	as long as short
Binance SPCXUSDT	+0.0046%	8h	152.56	+0.062%	$251.7M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0048%	1h	152.51	+0.028%	$701K	$5.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.47	+0.003%	$128.1M	$129.3M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.50	+0.023%	$1.7M	$56K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.55	+0.056%	$531K	$377K	50x	as long as short
Paradex SPCX-USD-PERPshort	+0.0050%	8h	152.53	+0.040%	$101	—	5x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.53	+0.043%	$3.1M	$2.1M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.47	+0.003%	$43K	$1.4M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0082%	8h	152.58	+0.075%	$39.8M	$167.7M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.42	−0.030%	$169K	$114K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.45	−0.010%	$13.0M	$6.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.62	+0.102%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.55	+0.056%	$14K	$7K	10x	as long as short
RISEx SPCX/USDC	+0.0104%	1h	152.57	+0.072%	$351K	$482K	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.51	+0.031%	$88	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0127%	1h	152.54	+0.049%	$483K	$1.1M	10x	as long as short
Nado SPCX-PERP	+0.0168%	1h	152.45	−0.007%	$632K	$803K	20x	as long as short
Bullet SPCX-USD	+0.0168%	1h	152.55	+0.056%	$11K	$189K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.54	+0.049%	$732K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.64	+0.115%	$449K	$272K	15x	as long as short
Aster SPCXUSD1	+0.0417%	8h	152.70	+0.153%	$19.0M	$30.5M	20x	as long as short
edgeX SPCXUSDC	+0.0455%	4h	152.57	+0.071%	$1.7M	$889K	20x	as long as short