Funding you earn now, next payment 03:00 UTC−0.0251%/8h= −27.5% APRnext payment −$0.31 per $10,000 · paid last 24h +0.011%
Price spread now: tradeXYZ against Injective−0.202%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and tradeXYZ is 0.202% cheaper against Injective than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.31 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 | Injective SPCX/USDC PERP | 153.28 | 0.0440 | pay 0.0055% / 1h | 26m 41s | $9K | $27K | 5.5x |
| Short | tradeXYZ xyz:SPCX | 152.97 | 0.0189 | get 0.0024% / 1h | 26m 41s | $142.1M | $119.4M | 20x |
Injective SPCX/USDC PERP
tradeXYZ xyz:SPCXFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Injective. 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
- −$52.71
- Price spread: −0.202% → 0.000%
- −$20.22
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$90.95
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 12 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 tradeXYZ live order book, 12 min ago | 0.33 bp | 9.3 bp −$9 | 10.0 bp −$100 | 12.4 bp −$1,241 | 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 −0.0333% / S +0.0531% | 1h | 152.97 | −0.206% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.97 | −0.202% | $96.1M | $31.3M | 100x | as long as short |
| Bitget SPCXUSDT | 0.0000% | 8h | 153.02 | −0.170% | $31.7M | $65.7M | 75x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.53 | +12.557% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.91 | −0.241% | $302K | $3.0M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.22 | −0.039% | $8K | $939K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 153.01 | −0.176% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0026% | 1h | 152.97 | −0.202% | $8K | $8K | 10x | as long as short |
| Bybit SPCXUSDT | +0.0032% | 8h | 152.99 | −0.189% | $30.8M | $42.8M | 100x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.93 | −0.228% | $2.5M | $7.2M | 20x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
Bitget SPCXUSDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Bybit SPCXUSDT
Lighter RH SPCXShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPCX | +0.0040% | 1h | 152.96 | −0.209% | $1.6M | $7.2M | 20x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.93 | −0.228% | $105K | $297K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.97 | −0.202% | — | $1.2M | 10x | as long as short |
| QFEX SPCX-USD | +0.0048% | 1h | 152.98 | −0.196% | $1.2M | $6.6M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.97 | −0.202% | $499K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.98 | −0.196% | $1.7M | $93K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.97 | −0.202% | $534K | $401K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.88 | −0.261% | $3.2M | $2.5M | 10x | as long as short |
| BloFin SPCX-USDT | +0.0067% | 8h | 153.01 | −0.176% | $1.9M | $1.4M | 75x | as long as short |
| Paradex SPCX-USD-PERP | +0.0074% | 8h | 153.03 | −0.163% | $101 | — | 5x | as long as short |
| edgeX SPCXUSDC | +0.0088% | 4h | 152.99 | −0.187% | $1.7M | $891K | 20x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.91 | −0.241% | $169K | $129K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.89 | −0.254% | $13.0M | $5.4M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.93 | −0.228% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 153.03 | −0.163% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.99 | −0.191% | $89 | — | 10x | as long as short |
| Bullet SPCX-USD | +0.0155% | 1h | 153.01 | −0.176% | $11K | $190K | 10x | as long as short |
| Variational Omni SPCX | +0.0172% | 8h | 152.99 | −0.187% | $6.0M | $3.1M | — | as long as short |
| OKX SPCX-USDT-SWAP | +0.0177% | 8h | 153.00 | −0.183% | $39.5M | $167.6M | 75x | as long as short |
| Extended SPCX-USD | +0.0184% | 1h | 152.96 | −0.207% | $736K | $3.8M | 10x | as long as short |
| Binance SPCXUSDT | +0.0186% | 8h | 153.01 | −0.176% | $252.4M | $1.37B | 75x | as long as short |
| tradeXYZ xyz:SPCXshort | +0.0189% | 1h | 152.97 | −0.202% | $142.1M | $119.4M | 20x | |
| RISEx SPCX/USDC | +0.0199% | 1h | 153.04 | −0.154% | $408K | $549K | 20x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0208% | 1h | 152.94 | −0.222% | $73K | $1.2M | 10x | as long as short |
| Nado SPCX-PERP | +0.0210% | 1h | 152.90 | −0.247% | $622K | $830K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0256% | 1h | 153.01 | −0.176% | $738K | $980K | 10x | as long as short |
| Phoenix SPCX | +0.0262% | 1h | 153.02 | −0.170% | $445K | $267K | 15x | as long as short |
| Aster SPCXUSD1 | +0.0408% | 8h | 153.09 | −0.122% | $19.0M | $17.2M | 20x | as long as short |
| Injective SPCX/USDC PERPlong | +0.0440% | 1h | 153.28 | long leg | $9K | $27K | 5.5x |
Lighter SPCX
Arcus SPCX-USD
Vest SPCX-USD-PERP
QFEX SPCX-USD
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
BloFin SPCX-USDT
Paradex SPCX-USD-PERP
edgeX SPCXUSDC
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Bullet SPCX-USD
Variational Omni SPCX
OKX SPCX-USDT-SWAP
Extended SPCX-USD
Binance SPCXUSDT
RISEx SPCX/USDC
Deribit SPCX_USDC-PERPETUAL
Nado SPCX-PERP
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
Aster SPCXUSD1