SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0235%/8h= −25.8% APRnext payment −$0.29 per $10,000 · paid last 24h −0.014%

Price spread now: QFEX against Arcus+0.026%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Arcus Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.045%−$4 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.026%, 7d avg +0.041%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.045% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	152.63	0.0293	pay 0.0037% / 1h	9m 14s	$106K	$296K	5x
Short	QFEX SPCX-USD	152.67	0.0057	get 0.0007% / 1h	9m 14s	$1.2M	$7.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Arcus. 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 ArcusbpFee QFEXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$49.44
Price spread: +0.026% → +0.041%: −$1.45
Slippage, 4 orders: −$14.42
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$79.8
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from Arcus: live order book, 14 min ago; QFEX: live order book, 5 min ago.

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 Arcus live order book, 14 min ago	5.90 bp	8.1 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.31 bp	6.3 bp −$6	8.5 bp −$85	21.4 bp −$2,137	doesn't fit

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]	L −0.0271% / S +0.0488%	1h	152.63	+0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.68	+0.033%	$96.5M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+13.022%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.72	+0.059%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.92	+0.190%	$8K	$990K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.66	+0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.59	−0.025%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.62	−0.007%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.027%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.68	+0.033%	—	$1.1M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps SPCX-USD	+0.0050%	1h	152.64	+0.007%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.67	+0.026%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.67	+0.026%	$540K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.54	−0.059%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USDshort	+0.0057%	1h	152.67	+0.026%	$1.2M	$7.6M	10x
Lighter SPCX	+0.0064%	1h	152.63	0.000%	$1.6M	$7.3M	20x	as long as short
BloFin SPCX-USDT	+0.0094%	8h	152.69	+0.039%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0099%	8h	152.69	+0.039%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.60	−0.020%	$176K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.54	−0.059%	$13.0M	$5.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.74	+0.072%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.69	+0.039%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.71	+0.050%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0155%	8h	152.70	+0.046%	$30.7M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0184%	8h	152.71	+0.052%	$39.0M	$168.3M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0185%	1h	152.63	0.000%	$129.9M	$107.2M	20x	as long as short
Variational Omni SPCX	+0.0189%	8h	152.69	+0.040%	$6.1M	$4.3M	—	as long as short
Bullet SPCX-USD	+0.0205%	1h	152.68	+0.034%	$11K	$190K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.66	+0.020%	$71K	$1.1M	10x	as long as short
Binance SPCXUSDT	+0.0214%	8h	152.68	+0.033%	$256.2M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0216%	1h	152.67	+0.025%	$715K	$3.6M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.71	+0.052%	$741K	$947K	10x	as long as short
Aster SPCXUSD1	+0.0242%	8h	152.74	+0.074%	$19.0M	$21.3M	20x	as long as short
Phoenix SPCX	+0.0262%	1h	152.71	+0.052%	$371K	$191K	15x	as long as short
Arcus SPCX-USDlong	+0.0293%	1h	152.63	long leg	$106K	$296K	5x
edgeX SPCXUSDC	+0.0303%	4h	152.69	+0.039%	$1.7M	$892K	20x	as long as short
Nado SPCX-PERP	+0.0304%	1h	152.55	−0.052%	$625K	$878K	20x	as long as short
Bitget SPCXUSDT	+0.0342%	8h	152.70	+0.046%	$31.1M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0462%	1h	152.74	+0.069%	$393K	$539K	20x	as long as short