Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0187%/8h= +20.4% APRpaid last 24h +0.066%

Price spread now: Gate against GMX+0.049%117s7-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 Gate

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 +$6 a day on $10k at the current rate, and Gate is 0.049% dearer against GMX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 117 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	GMX SPCX/USD [ETH-USDC]	152.34	L −0.0187% / S +0.0435%	get 0.0023% / 1h	29m 17s	$90K	—	20x
Short	Gate SPCX_USDT	152.41	0	get 0.0000% / 8h	1h 29m	$96.1M	$31.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.049%Rate

Funding earned: $39.21
Price spread: +0.049% → 0.000%: $4.92
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $17.13
Costs to cover: 0.270%
Break-even: 3.9 days

Slippage unknown: GMX: no order-book sample; Gate: 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 Gate live order book, 5 min ago	0.33 bp	11.6 bp −$12	15.4 bp −$154	35.2 bp −$3,523	55.6 bp −$27.8K

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 −0.0187% / S +0.0435%	1h	152.34	long leg	$90K	—	20x
BloFin SPCX-USDT	−0.0005%	8h	152.44	+0.069%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.47	+0.089%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.41	+0.049%	$96.1M	$31.9M	100x
Bitget SPCXUSDT	0.0000%	8h	152.48	+0.095%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.252%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	+0.030%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.246%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.54	+0.135%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.32	−0.007%	$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	152.39	+0.036%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.44	+0.069%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.35	+0.010%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.38	+0.030%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.43	+0.062%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.41	+0.049%	$531K	$379K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.26	−0.049%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.47	+0.090%	$393K	$505K	20x	as long as short
Variational Omni SPCX	+0.0098%	8h	152.42	+0.055%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.35	+0.010%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.31	−0.016%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.44	+0.069%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.46	+0.082%	$14K	$7K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0102%	1h	152.33	−0.003%	$130.0M	$129.1M	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.46	+0.079%	$88	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0104%	8h	152.48	+0.097%	$101	—	5x	as long as short
Binance SPCXUSDT	+0.0117%	8h	152.46	+0.082%	$251.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0120%	1h	152.42	+0.058%	$733K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0127%	8h	152.47	+0.089%	$39.6M	$166.7M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0130%	1h	152.43	+0.062%	$487K	$1.2M	10x	as long as short
Lighter SPCX	+0.0136%	1h	152.40	+0.043%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	+0.016%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.43	+0.062%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0256%	1h	152.30	−0.025%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0290%	1h	152.46	+0.082%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0382%	8h	152.60	+0.171%	$18.9M	$28.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.312%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0472%	1h	152.41	+0.049%	$89K	$1.3M	10x	as long as short
edgeX SPCXUSDC	+0.0869%	4h	152.41	+0.046%	$1.7M	$893K	20x	as long as short