SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0340%/8h= −37.2% APRnext payment −$0.42 per $10,000 · paid last 24h −0.005%

Price spread now: Bullet against Injective−0.135%54s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bullet is 0.135% cheaper against Injective than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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	Injective SPCX/USDC PERP	152.78	0.0440	pay 0.0055% / 1h	19m 32s	$9K	$28K	5.5x
Short	Bullet SPCX-USD	152.57	0.0100	get 0.0013% / 1h	19m 32s	$11K	$191K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Injective. 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 InjectivebpFee BulletbpOrdersPrice spread, now −0.135%Rate

Funding earned: −$71.39
Price spread: −0.135% → 0.000%: −$13.53
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$92.94
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bullet: live order book, 32 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Bullet live order book, 32 min ago	0.65 bp	5.6 bp −$6	19.9 bp −$199	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SPCX on 38 exchanges

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 −0.0187% / S +0.0435%	1h	152.50	−0.187%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0058%	8h	152.59	−0.124%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.59	−0.124%	$30.2M	$43.4M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.54	−0.157%	$96.1M	$32.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.60	−0.118%	$31.0M	$66.9M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.58	−0.131%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.039%	$8K	$827K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.49	−0.190%	$50K	$1.5M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.64	−0.092%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0018%	1h	152.56	−0.142%	$7K	$7K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0031%	1h	152.56	−0.144%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.51	−0.177%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.48	−0.196%	$2.5M	$7.3M	20x	as long as short
Variational Omni SPCX	+0.0037%	8h	152.54	−0.155%	$5.9M	$2.7M	—	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.47	−0.203%	$102K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.53	−0.164%	—	$1.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.49	−0.190%	$128.8M	$129.1M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.60	−0.118%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.54	−0.157%	$1.7M	$102K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.53	−0.164%	$532K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.40	−0.249%	$3.1M	$2.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0051%	8h	152.54	−0.155%	$101	—	5x	as long as short
Binance SPCXUSDT	+0.0061%	8h	152.57	−0.135%	$252.0M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0064%	1h	152.52	−0.168%	$726K	$5.4M	10x	as long as short
RISEx SPCX/USDC	+0.0068%	1h	152.59	−0.128%	$351K	$518K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0088%	8h	152.59	−0.124%	$39.4M	$168.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.49	−0.190%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.44	−0.223%	$13.0M	$6.0M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.46	−0.209%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.58	−0.131%	$14K	$7K	10x	as long as short
Bullet SPCX-USDshort	+0.0100%	1h	152.57	−0.135%	$11K	$191K	10x
Aevo SPCX-PERP	+0.0104%	1h	152.53	−0.161%	$88	—	10x	as long as short
Nado SPCX-PERP	+0.0119%	1h	152.49	−0.189%	$633K	$805K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0184%	1h	152.48	−0.196%	$687K	$1.0M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.55	−0.151%	$448K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0384%	8h	152.70	−0.052%	$19.0M	$30.6M	20x	as long as short
Injective SPCX/USDC PERPlong	+0.0440%	1h	152.78	long leg	$9K	$28K	5.5x
edgeX SPCXUSDC	+0.0700%	4h	152.54	−0.155%	$1.7M	$890K	20x	as long as short