SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0223%/8h= −24.4% APRnext payment −$0.28 per $10,000 · paid last 24h −0.038%

Price spread now: SoDEX against Deribit+0.026%7-day average −0.015% · 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−$51as in the Price arb table

costs, in and out, $10k−$550.552% of the position

Long on Deribit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.056%−$6 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.026%, 7d avg −0.015%

Together, before fees−0.114%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SoDEX is 0.041% dearer against Deribit than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.015%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 3 days (−0.056% in total) that is about 2.4 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.056% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 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	153.01	0.0273	pay 0.0034% / 1h	28m 57s	$71K	$1.1M	10x
Short	SoDEX SPCX-USD	153.05	0.0050	get 0.0006% / 1h	28m 57s	$1.7M	$86K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$46.86
Price spread: +0.026% → −0.015%: $4.14
Slippage, 4 orders: −$40.23
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$97.94
Costs to cover: 0.552%
Break-even: never at this rate

Slippage from Deribit: live order book, 5 min ago; SoDEX: live order book, 5 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, 5 min ago	5.56 bp	9.6 bp −$10	12.0 bp −$120	doesn't fit	doesn't fit
Sell SoDEX live order book, 5 min ago	0.33 bp	18.1 bp −$18	45.6 bp −$456	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 −0.0313% / S +0.0517%	1h	153.03	+0.016%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.05	+0.026%	$96.4M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.749%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.065%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.29	+0.183%	$8K	$957K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.08	+0.046%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.94	−0.045%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.99	−0.013%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.771%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.05	+0.026%	—	$1.2M	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	+0.0048%	1h	153.00	−0.007%	$1.6M	$7.4M	20x	as long as short
SoDEX SPCX-USDshort	+0.0050%	1h	153.05	+0.026%	$1.7M	$86K	20x
Phemex SPCXUSDT	+0.0050%	8h	153.09	+0.052%	$534K	$414K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.85	−0.105%	$3.2M	$2.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0054%	1h	153.04	+0.020%	$489K	$1.1M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.04	+0.020%	$1.2M	$7.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0099%	8h	153.09	+0.051%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.93	−0.052%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	−0.033%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.02	+0.007%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.08	+0.046%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	+0.028%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0106%	8h	153.09	+0.052%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDT	+0.0174%	8h	153.09	+0.052%	$30.9M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.96	−0.033%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0208%	8h	153.11	+0.065%	$39.2M	$169.0M	75x	as long as short
Variational Omni SPCX	+0.0210%	8h	153.02	+0.007%	$6.0M	$3.5M	—	as long as short
Extended SPCX-USD	+0.0224%	1h	153.06	+0.031%	$734K	$4.0M	10x	as long as short
Binance SPCXUSDT	+0.0226%	8h	153.09	+0.052%	$253.2M	$1.38B	75x	as long as short
Nado SPCX-PERP	+0.0234%	1h	152.96	−0.031%	$604K	$848K	20x	as long as short
Bullet SPCX-USD	+0.0247%	1h	153.08	+0.046%	$11K	$188K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0247%	1h	153.03	+0.013%	$143.1M	$119.4M	20x	as long as short
edgeX SPCXUSDC	+0.0257%	4h	153.02	+0.005%	$1.7M	$894K	20x	as long as short
Deribit SPCX_USDC-PERPETUALlong	+0.0273%	1h	153.01	long leg	$71K	$1.1M	10x
Phoenix SPCX	+0.0314%	1h	153.04	+0.020%	$445K	$271K	15x	as long as short
Bitget SPCXUSDT	+0.0317%	8h	153.11	+0.065%	$31.3M	$66.4M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.01	0.000%	$731K	$979K	10x	as long as short
Aster SPCXUSD1	+0.0353%	8h	153.07	+0.042%	$19.0M	$18.7M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.09	+0.050%	$401K	$535K	20x	as long as short