Funding you earn now, next payment 05:00 UTC−0.0370%/8h= −40.5% APRnext payment −$0.46 per $10,000 · paid last 24h −0.020%
Price spread now: Pacifica against Deribit−0.013%7-day average −0.049% · 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−$28as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 5 days (all we have)−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.013%, 7d avg −0.049%
=Together, before fees−0.005%+ Points / potential airdropPacifica: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.036% dearer against Deribit than usual: you sell high and buy low (spread −0.013% now, against its 7-day average of −0.049%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 5 days (−0.063% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.063% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.46 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 | Deribit SPCX_USDC-PERPETUAL | 152.92 | 0.0470 | pay 0.0059% / 1h | 55m 54s | $85K | $1.2M | 10x |
| Short | Pacifica SPCX | 152.90 | 0.0100 | get 0.0013% / 1h | 55m 54s | $169K | $129K | 10x |
Deribit SPCX_USDC-PERPETUAL
Pacifica SPCXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$77.67
- Price spread: −0.013% → −0.049%
- $3.56
- Slippage, 4 orders
- −$17
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$106.1
- Costs to cover
- 0.320%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 3 min ago; Pacifica: live order book, 62 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, 3 min ago | 5.56 bp | 9.6 bp −$10 | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 62 min ago | 0.33 bp | 7.3 bp −$7 | 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 −0.0214% / S +0.0456% | 1h | 152.91 | −0.003% | $90K | — | 20x | as long as short |
| Bybit SPCXUSDT | 0.0000% | 8h | 152.97 | +0.033% | $30.7M | $42.6M | 100x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.95 | +0.020% | $96.2M | $31.1M | 100x | as long as short |
| Bitget SPCXUSDT | 0.0000% | 8h | 153.00 | +0.052% | $31.8M | $65.3M | 75x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.53 | +12.824% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.97 | +0.033% | $301K | $2.9M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.20 | +0.183% | $7K | $935K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.97 | +0.033% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0028% | 1h | 152.93 | +0.008% | $7K | $8K | 10x | as long as short |
| BloFin SPCX-USDT | +0.0030% | 8h | 153.02 | +0.065% | $1.9M | $1.3M | 75x | as long as short |
GMX SPCX/USD [ETH-USDC]
Bybit SPCXUSDT
Gate SPCX_USDT
Bitget SPCXUSDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
BloFin SPCX-USDTShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SPCX | +0.0032% | 1h | 152.88 | −0.026% | $2.5M | $7.2M | 20x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.93 | +0.007% | $105K | $297K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.90 | −0.013% | — | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.96 | +0.026% | $1.7M | $95K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.97 | +0.033% | $532K | $391K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.84 | −0.052% | $3.2M | $2.4M | 10x | as long as short |
| QFEX SPCX-USD | +0.0050% | 1h | 152.94 | +0.013% | $1.2M | $5.9M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0082% | 1h | 152.91 | −0.007% | $499K | $1.2M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0087% | 8h | 152.98 | +0.038% | $101 | — | 5x | as long as short |
| Pacifica SPCXshort | +0.0100% | 1h | 152.90 | −0.013% | $169K | $129K | 10x | |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.90 | −0.013% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.93 | +0.007% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.98 | +0.039% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.95 | +0.023% | $89 | — | 10x | as long as short |
| Variational Omni SPCX | +0.0136% | 8h | 152.96 | +0.025% | $6.0M | $2.9M | — | as long as short |
| Binance SPCXUSDT | +0.0150% | 8h | 152.97 | +0.030% | $247.9M | $1.36B | 75x | as long as short |
| Extended SPCX-USD | +0.0152% | 1h | 152.93 | +0.006% | $734K | $3.8M | 10x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0155% | 8h | 152.98 | +0.039% | $39.6M | $166.6M | 75x | as long as short |
| Lighter SPCX | +0.0160% | 1h | 152.91 | −0.007% | $1.6M | $7.3M | 20x | as long as short |
| RISEx SPCX/USDC | +0.0217% | 1h | 152.98 | +0.040% | $409K | $517K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0248% | 1h | 153.10 | +0.118% | $738K | $926K | 10x | as long as short |
| Phoenix SPCX | +0.0261% | 1h | 153.01 | +0.059% | $445K | $264K | 15x | as long as short |
| Nado SPCX-PERP | +0.0280% | 1h | 152.83 | −0.061% | $616K | $814K | 20x | as long as short |
| Bullet SPCX-USD | +0.0298% | 1h | 152.97 | +0.030% | $12K | $192K | 10x | as long as short |
| tradeXYZ xyz:SPCX | +0.0300% | 1h | 152.93 | +0.007% | $141.4M | $119.3M | 20x | as long as short |
| Aster SPCXUSD1 | +0.0419% | 8h | 153.08 | +0.102% | $19.0M | $21.6M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0440% | 1h | 153.32 | +0.262% | $9K | $28K | 5.5x | as long as short |
| Deribit SPCX_USDC-PERPETUALlong | +0.0470% | 1h | 152.92 | long leg | $85K | $1.2M | 10x | |
| edgeX SPCXUSDC | +0.0749% | 4h | 153.01 | +0.056% | $1.7M | $891K | 20x | as long as short |
Lighter RH SPCX
Arcus SPCX-USD
Vest SPCX-USD-PERP
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
QFEX SPCX-USD
Polymarket Perps SPCX-USD
Paradex SPCX-USD-PERP
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Variational Omni SPCX
Binance SPCXUSDT
Extended SPCX-USD
OKX SPCX-USDT-SWAP
Lighter SPCX
RISEx SPCX/USDC
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
Nado SPCX-PERP
Bullet SPCX-USD
tradeXYZ xyz:SPCX
Aster SPCXUSD1
Injective SPCX/USDC PERP
edgeX SPCXUSDC