SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0170%/8h= +18.6% APRnext payment +$0.21 per $10,000 · paid last 24h −0.028%

Price spread now: Bullet against Deribit+0.031%52s7-day average +0.008% · 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—prices read too far apart to compare

costs, in and out, $10k−$280.283% of the position

Long on Deribit Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.045%−$5 · spread now +0.031%, 7d avg +0.008%

Together, before fees−0.045%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bullet is 0.023% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.008%. The two prices were read 52 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	Deribit SPCX_USDC-PERPETUAL	152.96	0	get 0.0000% / 1h	3m 23s	$72K	$1.1M	10x
Short	Bullet SPCX-USD	153.01	0.0170	get 0.0021% / 1h	3m 23s	$11K	$189K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Deribit. 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 DeribitbpFee BulletbpOrdersPrice spread, now +0.031%Rate

Funding earned: $35.66
Price spread: +0.031% → +0.008%: $2.35
Slippage, 4 orders: −$13.33
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: $9.67
Costs to cover: 0.283%
Break-even: 5.1 days

Slippage from Deribit: live order book, 6 min ago; Bullet: live order book, 1 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 Deribit live order book, 6 min ago	4.58 bp	8.5 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell Bullet live order book, 1 min ago	0.65 bp	5.7 bp −$6	19.9 bp −$199	doesn't fit	doesn't fit

SPCX on 38 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 −0.0333% / S +0.0531%	1h	152.99	+0.016%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	+0.013%	$96.0M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.788%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.013%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.21	+0.163%	$8K	$942K	10x	as long as short
Deribit SPCX_USDC-PERPETUALlong	0.0000%	1h	152.96	long leg	$72K	$1.1M	10x
HTX SPCX-USDT	0.0000%	8h	153.05	+0.059%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.93	−0.019%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.96	0.000%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	−0.020%	$2.5M	$7.3M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	153.35	+0.255%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.93	−0.020%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.00	+0.026%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.99	+0.020%	$1.2M	$6.7M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.95	−0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.00	+0.026%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	+0.026%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.078%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0064%	8h	153.02	+0.039%	$30.8M	$42.9M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0082%	8h	153.02	+0.038%	$101	—	5x	as long as short
Bitget SPCXUSDT	+0.0089%	8h	153.03	+0.046%	$31.7M	$66.2M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	−0.033%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.93	−0.020%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.020%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.00	+0.029%	$89	—	10x	as long as short
Bullet SPCX-USDshort	+0.0170%	1h	153.01	+0.031%	$11K	$189K	10x
tradeXYZ xyz:SPCX	+0.0182%	1h	152.98	+0.013%	$142.3M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0190%	8h	153.02	+0.039%	$39.4M	$168.4M	75x	as long as short
Variational Omni SPCX	+0.0201%	8h	152.96	−0.001%	$6.0M	$3.1M	—	as long as short
Binance SPCXUSDT	+0.0213%	8h	153.01	+0.033%	$252.6M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0216%	1h	152.97	+0.007%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0236%	1h	152.94	−0.015%	$622K	$835K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	152.97	+0.007%	$738K	$972K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.96	0.000%	$445K	$270K	15x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.03	+0.046%	$408K	$549K	20x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.11	+0.095%	$19.0M	$15.2M	20x	as long as short
edgeX SPCXUSDC	+0.0994%	4h	152.98	+0.011%	$1.7M	$893K	20x	as long as short