Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.105%

Price spread now: Bitget against GMX+0.095%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 Bitget

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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.095% dearer against GMX than usual: you sell high and buy low: +$10 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]	152.44	L −0.0224% / S +0.0463%	get 0.0028% / 1h	48m 44s	$90K	—	20x
Short	Bitget SPCXUSDT	152.59	0	get 0.0000% / 8h	2h 48m	$31.3M	$65.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.095%Rate

Funding earned: $47.06
Price spread: +0.095% → 0.000%: $9.51
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: $32.57
Costs to cover: 0.240%
Break-even: 2.2 days

Slippage unknown: GMX: no order-book sample; Bitget: live order book, 5 min ago. 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 Bitget live order book, 5 min ago	0.65 bp	7.0 bp −$7	9.0 bp −$90	27.9 bp −$2,790	42.0 bp −$21.0K

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]long	L −0.0224% / S +0.0463%	1h	152.44	long leg	$90K	—	20x
Bybit SPCXUSDT	0.0000%	8h	152.55	+0.069%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.55	+0.069%	$96.3M	$31.5M	100x	as long as short
Bitget SPCXUSDTshort	0.0000%	8h	152.59	+0.095%	$31.3M	$65.9M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.174%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.63	+0.121%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.78	+0.220%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.63	+0.121%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0011%	8h	152.56	+0.075%	$1.9M	$1.2M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.52	+0.049%	$87K	$1.2M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0024%	1h	152.43	−0.012%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.51	+0.043%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.47	+0.016%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.47	+0.016%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.53	+0.056%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.56	+0.075%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.45	+0.003%	$130.9M	$128.5M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.52	+0.049%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.53	+0.056%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.57	+0.082%	$531K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.40	−0.030%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	152.57	+0.081%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.47	+0.016%	$169K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.40	−0.030%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.60	+0.102%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.55	+0.069%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.56	+0.075%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0124%	8h	152.56	+0.074%	$6.0M	$2.9M	—	as long as short
Extended SPCX-USD	+0.0128%	1h	152.50	+0.036%	$731K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0131%	8h	152.55	+0.072%	$250.6M	$1.36B	75x	as long as short
Nado SPCX-PERP	+0.0133%	1h	152.50	+0.037%	$614K	$804K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0141%	8h	152.57	+0.082%	$39.4M	$166.5M	75x	as long as short
Bullet SPCX-USD	+0.0211%	1h	152.57	+0.079%	$12K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.60	+0.105%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.003%	$739K	$931K	10x	as long as short
edgeX SPCXUSDC	+0.0251%	4h	152.54	+0.060%	$1.7M	$892K	20x	as long as short
Phoenix SPCX	+0.0263%	1h	152.52	+0.049%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0396%	8h	152.59	+0.095%	$18.9M	$24.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.67	+0.148%	$9K	$28K	5.5x	as long as short