SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.35 per $10,000 · paid last 24h −0.001%

Price spread now: Phemex against Bybit+0.013%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Bybit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.013%, 7d avg −0.052%

Together, before fees−0.145%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phemex is 0.065% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.052%. Mind the row above: over the last 7 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPCXUSDT	152.35	0.0015	pay 0.0015% / 8h	1h 04m	$30.6M	$42.7M	100x
Short	Phemex SPCXUSDT	152.37	0.0050	get 0.0050% / 8h	1h 04m	$530K	$376K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bybit. 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 BybitbpFee PhemexbpOrdersPrice spread, now +0.013%Rate

Funding earned: $7.29
Price spread: +0.013% → −0.052%: $6.52
Slippage, 4 orders: −$21.31
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$30.49
Costs to cover: 0.443%
Break-even: 36.3 days

Slippage from Bybit: live order book, 4 min ago; Phemex: live order book, 38 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 Bybit live order book, 4 min ago	0.33 bp	7.2 bp −$7	10.5 bp −$105	52.2 bp −$5,217	doesn't fit
Sell Phemex live order book, 38 min ago	0.33 bp	14.4 bp −$14	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 −0.0234% / S +0.0471%	1h	152.28	−0.043%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.32	−0.020%	$96.1M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.38	+0.020%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.246%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	+0.020%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.61	+0.171%	$8K	$895K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.44	+0.059%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDTlong	+0.0015%	8h	152.35	long leg	$30.6M	$42.7M	100x
BloFin SPCX-USDT	+0.0025%	8h	152.43	+0.053%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.30	−0.035%	$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	152.27	−0.053%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.32	−0.020%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.30	−0.033%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.28	−0.046%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.32	−0.020%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDTshort	+0.0050%	8h	152.37	+0.013%	$530K	$376K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.22	−0.085%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.38	+0.020%	$392K	$507K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.24	−0.072%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.23	−0.079%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.40	+0.033%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.38	+0.020%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.36	+0.008%	$88	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0123%	1h	152.29	−0.039%	$130.0M	$129.0M	20x	as long as short
Variational Omni SPCX	+0.0131%	8h	152.38	+0.019%	$5.9M	$2.8M	—	as long as short
Paradex SPCX-USD-PERP	+0.0134%	8h	152.33	−0.014%	$101	—	5x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.30	−0.031%	$724K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0145%	8h	152.35	0.000%	$251.9M	$1.36B	75x	as long as short
Polymarket Perps SPCX-USD	+0.0146%	1h	152.32	−0.020%	$487K	$1.2M	10x	as long as short
Lighter SPCX	+0.0152%	1h	152.29	−0.039%	$1.6M	$7.4M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0153%	8h	152.37	+0.013%	$39.5M	$166.5M	75x	as long as short
edgeX SPCXUSDC	+0.0185%	4h	152.37	+0.014%	$1.7M	$891K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.28	−0.046%	$732K	$923K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.38	+0.020%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0266%	1h	152.22	−0.083%	$626K	$805K	20x	as long as short
Bullet SPCX-USD	+0.0303%	1h	152.36	+0.005%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0408%	8h	152.44	+0.061%	$18.9M	$29.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.77	+0.276%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0473%	1h	152.32	−0.020%	$90K	$1.3M	10x	as long as short