SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0174%/8h= +19.0% APRnext payment +$0.22 per $10,000 · paid last 24h +0.024%

Price spread now: Phoenix against Bullet−0.038%62s7-day average −0.003% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.239% of the position

Long on Bullet Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.038%, 7d avg −0.003%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.035% cheaper against Bullet than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of −0.003%). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$5 a day). The two prices were read 62 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	Bullet SPCX-USD	153.11	0.0088	pay 0.0011% / 1h	41m 59s	$11K	$192K	10x
Short	Phoenix SPCX	153.05	0.0261	get 0.0033% / 1h	41m 59s	$445K	$268K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bullet. 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 BulletbpFee PhoenixbpOrdersPrice spread, now −0.038%Rate

Funding earned: $36.44
Price spread: −0.038% → −0.003%: −$3.5
Slippage, 4 orders: −$8.92
Fee Bullet: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $9.01
Costs to cover: 0.239%
Break-even: 5.3 days

Slippage from Bullet: live order book, 17 min ago; Phoenix: live order book, 15 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 Bullet live order book, 17 min ago	0.65 bp	5.7 bp −$6	20.2 bp −$202	doesn't fit	doesn't fit
Sell Phoenix live order book, 15 min ago	0.33 bp	5.5 bp −$6	16.8 bp −$168	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 −0.0314% / S +0.0531%	1h	153.06	−0.035%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.11	+0.001%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.09	−0.012%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.14	+0.020%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.681%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.02	−0.058%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.31	+0.132%	$8K	$936K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	153.04	−0.045%	$73K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.12	+0.007%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.02	−0.056%	$8K	$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 SPCX	+0.0032%	1h	153.07	−0.025%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.02	−0.058%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.02	−0.058%	$105K	$297K	5x	as long as short
BloFin SPCX-USDT	+0.0045%	8h	153.12	+0.007%	$1.9M	$1.4M	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.11	+0.001%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.05	−0.038%	$1.2M	$6.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.06	−0.032%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	−0.025%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.09	−0.012%	$533K	$397K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.123%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0065%	8h	153.12	+0.006%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0075%	1h	153.06	−0.032%	$141.5M	$119.2M	20x	as long as short
Bullet SPCX-USDlong	+0.0088%	1h	153.11	long leg	$11K	$192K	10x
Pacifica SPCX	+0.0100%	1h	152.99	−0.077%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.01	−0.064%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.064%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	−0.006%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.09	−0.009%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0137%	1h	153.03	−0.049%	$617K	$824K	20x	as long as short
Variational Omni SPCX	+0.0154%	8h	153.07	−0.027%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	153.12	+0.007%	$39.5M	$167.0M	75x	as long as short
Extended SPCX-USD	+0.0160%	1h	153.07	−0.028%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0164%	8h	153.10	−0.004%	$252.2M	$1.37B	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.13	+0.017%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.045%	$738K	$925K	10x	as long as short
Phoenix SPCXshort	+0.0261%	1h	153.05	−0.038%	$445K	$268K	15x
edgeX SPCXUSDC	+0.0297%	4h	153.05	−0.035%	$1.7M	$893K	20x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.15	+0.028%	$19.0M	$19.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	+0.158%	$9K	$28K	5.5x	as long as short