SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0231%/8h= −25.3% APRnext payment −$2.31 per $10,000 · paid last 24h +0.015%

Price spread now: Phemex against Aster−0.050%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 3 days (all we have)−0.122%−$12 · spread now −0.050%, 7d avg −0.077%

Together, before fees−0.203%+ Points / potential airdropAster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.028% dearer against Aster than usual: you sell high and buy low (spread −0.050% now, against its 7-day average of −0.077%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.081% in total) that is about 2.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.081% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.31 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	Aster SPCXUSD1	153.05	0.0281	pay 0.0281% / 8h	47m 53s	$19.0M	$21.3M	20x
Short	Phemex SPCXUSDT	152.97	0.0050	get 0.0050% / 8h	47m 53s	$538K	$405K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$48.48
Price spread: −0.050% → −0.077%: $2.76
Slippage, 4 orders: −$16.93
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$82.65
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Phemex: live order book, 29 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 Aster live order book, 6 min ago	0.33 bp	5.4 bp −$5	7.2 bp −$72	doesn't fit	doesn't fit
Sell Phemex live order book, 29 min ago	1.64 bp	12.8 bp −$13	doesn't fit	doesn't fit	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 −0.0272% / S +0.0488%	1h	152.94	−0.066%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.94	−0.069%	$96.6M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.721%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.90	−0.095%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.15	+0.068%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.97	−0.050%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.96	−0.059%	$8K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.90	−0.095%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.89	−0.102%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.747%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.89	−0.102%	$106K	$296K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.93	−0.076%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.92	−0.082%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.96	−0.056%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDTshort	+0.0050%	8h	152.97	−0.050%	$538K	$405K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.86	−0.121%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.90	−0.095%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0081%	8h	152.95	−0.066%	$101	—	5x	as long as short
Bullet SPCX-USD	+0.0083%	1h	152.96	−0.059%	$11K	$188K	10x	as long as short
BloFin SPCX-USDT	+0.0085%	8h	153.09	+0.029%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.86	−0.121%	$173K	$132K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.85	−0.128%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.076%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.94	−0.069%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.97	−0.047%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0144%	8h	152.96	−0.056%	$30.7M	$42.7M	100x	as long as short
Variational Omni SPCX	+0.0188%	8h	153.00	−0.033%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0193%	8h	152.97	−0.050%	$39.0M	$169.5M	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.93	−0.074%	$734K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0204%	8h	152.96	−0.056%	$253.9M	$1.38B	75x	as long as short
Nado SPCX-PERP	+0.0260%	1h	152.85	−0.126%	$603K	$883K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	153.01	−0.023%	$446K	$269K	15x	as long as short
tradeXYZ xyz:SPCX	+0.0271%	1h	152.94	−0.069%	$143.6M	$118.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	−0.050%	$733K	$970K	10x	as long as short
Aster SPCXUSD1long	+0.0281%	8h	153.05	long leg	$19.0M	$21.3M	20x
Bitget SPCXUSDT	+0.0310%	8h	152.96	−0.056%	$31.2M	$67.2M	75x	as long as short
edgeX SPCXUSDC	+0.0319%	4h	153.00	−0.030%	$1.7M	$893K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0339%	1h	152.93	−0.076%	$71K	$1.0M	10x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	153.00	−0.030%	$403K	$538K	20x	as long as short