Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0334%/8h= +36.6% APRpaid last 24h +0.099%

Price spread now: Orderly against GMX+0.056%61s7-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 Orderly

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 +$10 a day on $10k at the current rate, and Orderly is 0.056% dearer against GMX than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 61 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]	152.15	L −0.0234% / S +0.0471%	get 0.0029% / 1h	51m 20s	$90K	—	20x
Short	Orderly PERP_SPCX_USDC_mythos	152.23	0.0100	get 0.0100% / 8h	51m 20s	$14K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.056%Rate

Funding earned: $70.19
Price spread: +0.056% → 0.000%: $5.59
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $57.78
Costs to cover: 0.180%
Break-even: 1.2 days

Slippage unknown: GMX: no order-book sample; Orderly: 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 Orderly no order-book sample	—	—	—	—	—

GMX and Orderly: 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 −0.0234% / S +0.0471%	1h	152.15	long leg	$90K	—	20x
Gate SPCX_USDT	0.0000%	8h	152.21	+0.043%	$96.1M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.28	+0.089%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.400%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.24	+0.062%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.43	+0.187%	$8K	$894K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.30	+0.102%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0013%	8h	152.24	+0.062%	$30.5M	$42.7M	100x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.17	+0.016%	$89K	$1.3M	10x	as long as short
BloFin SPCX-USDT	+0.0025%	8h	152.40	+0.168%	$1.9M	$1.2M	75x	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	+0.0029%	1h	152.17	+0.015%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.17	+0.016%	$2.5M	$7.2M	20x	as long as short
Lighter SPCX	+0.0040%	1h	152.19	+0.030%	$1.6M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.19	+0.030%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.24	+0.062%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.15	+0.003%	$129.9M	$129.1M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.19	+0.030%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.22	+0.049%	$529K	$375K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.07	−0.049%	$3.2M	$2.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0061%	1h	152.20	+0.036%	$487K	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.22	+0.049%	$1.2M	$5.5M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.14	−0.003%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.16	+0.010%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.26	+0.076%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythosshort	+0.0100%	8h	152.23	+0.056%	$14K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	152.23	+0.057%	$88	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0114%	8h	152.21	+0.044%	$100	—	5x	as long as short
Bullet SPCX-USD	+0.0117%	1h	152.22	+0.052%	$11K	$192K	10x	as long as short
Variational Omni SPCX	+0.0132%	8h	152.31	+0.106%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0143%	8h	152.23	+0.056%	$252.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.20	+0.038%	$724K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0154%	8h	152.24	+0.062%	$39.6M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0189%	1h	152.15	+0.003%	$627K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.128%	$728K	$938K	10x	as long as short
edgeX SPCXUSDC	+0.0365%	4h	152.24	+0.063%	$1.7M	$891K	20x	as long as short
Phoenix SPCX	+0.0368%	1h	152.31	+0.108%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0410%	8h	152.36	+0.143%	$18.9M	$28.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.61	+0.306%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.29	+0.095%	$392K	$502K	20x	as long as short