SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.033%

Price spread now: Phoenix against Extended−0.013%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$180.182% of the position

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.275%+$28 · spread now −0.013%, 7d avg +0.037%

Together, before fees+0.302%+ Points / potential airdropExtended: Active · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.050% cheaper against Extended than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.037%). If the spread goes back, that is −$5 on $10k: about 43 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.027% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPCX-USD	153.07	0.0168	pay 0.0021% / 1h	43m 04s	$738K	$3.8M	10x
Short	Phoenix SPCX	153.05	0.0261	get 0.0033% / 1h	43m 04s	$445K	$268K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Extended. 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 ExtendedbpFee PhoenixbpOrdersPrice spread, now −0.013%Rate

Funding earned: $19.6
Price spread: −0.013% → +0.037%: −$4.99
Slippage, 4 orders: −$6.18
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$3.57
Costs to cover: 0.182%
Break-even: 8.3 days

Slippage from Extended: live order book, 1 min ago; Phoenix: live order book, 14 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 Extended live order book, 1 min ago	0.33 bp	2.8 bp −$3	5.5 bp −$55	doesn't fit	doesn't fit
Sell Phoenix live order book, 14 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	−0.010%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.10	+0.019%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.08	+0.006%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.13	+0.039%	$31.7M	$65.4M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.709%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.01	−0.039%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.32	+0.163%	$8K	$936K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	153.05	−0.013%	$73K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.10	+0.019%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.02	−0.030%	$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	0.000%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.02	−0.033%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.02	−0.033%	$105K	$297K	5x	as long as short
BloFin SPCX-USDT	+0.0045%	8h	153.12	+0.033%	$1.9M	$1.4M	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.10	+0.019%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.05	−0.013%	$1.2M	$6.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.06	−0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	0.000%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.09	+0.013%	$533K	$397K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.098%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0065%	8h	153.11	+0.029%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0077%	1h	153.06	−0.007%	$141.5M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0089%	1h	153.10	+0.022%	$11K	$192K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	153.00	−0.046%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.00	−0.046%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.039%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	+0.019%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.10	+0.018%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0138%	1h	153.03	−0.026%	$617K	$824K	20x	as long as short
Variational Omni SPCX	+0.0154%	8h	153.07	−0.002%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0157%	8h	153.13	+0.039%	$39.5M	$167.0M	75x	as long as short
Binance SPCXUSDT	+0.0165%	8h	153.10	+0.019%	$252.2M	$1.37B	75x	as long as short
Extended SPCX-USDlong	+0.0168%	1h	153.07	long leg	$738K	$3.8M	10x
RISEx SPCX/USDC	+0.0191%	1h	153.13	+0.042%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.020%	$738K	$925K	10x	as long as short
Phoenix SPCXshort	+0.0261%	1h	153.05	−0.013%	$445K	$268K	15x
edgeX SPCXUSDC	+0.0297%	4h	153.05	−0.010%	$1.7M	$893K	20x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.15	+0.052%	$19.0M	$19.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	+0.183%	$9K	$28K	5.5x	as long as short