SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0223%/8h= +24.4% APRnext payment +$0.28 per $10,000 · paid last 24h +0.036%

Price spread now: Coinbase International against Injective−2.887%64s7-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 Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.217%+$22 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 2.887% cheaper against Injective than usual: you would sell low and buy high (spread −2.887% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$289 on $10k: about 43 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.217% in total) that is about 3 months. The two prices were read 64 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	157.25	0.0033	pay 0.0004% / 1h	29m 56s	$9K	$27K	5.5x
Short	Coinbase International SPCX-PERP-INTX	152.71	0.0256	get 0.0032% / 1h	29m 56s	$741K	$947K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpOrdersPrice spread, now −2.887%Rate

Funding earned: $46.76
Price spread: −2.887% → 0.000%: −$288.71
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$251.97
Costs to cover: 0.100%
Break-even: 44.7 days

Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 53 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 Coinbase International live order book, 53 min ago	3.60 bp	8.8 bp −$9	11.7 bp −$117	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 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 −0.0272% / S +0.0488%	1h	152.63	−2.941%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.62	−2.944%	$96.5M	$30.9M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+9.704%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.68	−2.906%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	−2.804%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.65	−2.925%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	152.59	−2.963%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.57	−2.976%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	−2.976%	$2.4M	$7.5M	20x	as long as short
Injective SPCX/USDC PERPlong	+0.0033%	1h	157.25	long leg	$9K	$27K	5.5x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.62	−2.944%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.63	−2.938%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.63	−2.938%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.65	−2.925%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.51	−3.014%	$3.2M	$2.6M	10x	as long as short
Bullet SPCX-USD	+0.0064%	1h	152.64	−2.931%	$11K	$189K	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.63	−2.938%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0070%	8h	152.63	−2.939%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0079%	8h	152.67	−2.913%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.57	−2.976%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−3.008%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.57	−2.976%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.57	−2.976%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.65	−2.924%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0120%	1h	152.63	−2.938%	$130.0M	$107.5M	20x	as long as short
Bybit SPCXUSDT	+0.0137%	8h	152.66	−2.919%	$30.8M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0179%	8h	152.64	−2.932%	$38.9M	$168.4M	75x	as long as short
Variational Omni SPCX	+0.0180%	8h	152.64	−2.934%	$6.0M	$3.9M	—	as long as short
Binance SPCXUSDT	+0.0199%	8h	152.64	−2.931%	$255.7M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.61	−2.948%	$715K	$3.6M	10x	as long as short
Nado SPCX-PERP	+0.0215%	1h	152.54	−2.994%	$625K	$871K	20x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.57	−2.976%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0244%	8h	152.72	−2.883%	$19.0M	$21.8M	20x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0256%	1h	152.71	−2.887%	$741K	$947K	10x
Deribit SPCX_USDC-PERPETUAL	+0.0274%	1h	152.61	−2.951%	$71K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.65	−2.925%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0315%	8h	152.66	−2.919%	$31.0M	$66.5M	75x	as long as short
edgeX SPCXUSDC	+0.0516%	4h	152.65	−2.927%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.70	−2.893%	$402K	$541K	20x	as long as short