SPCX

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_SPCXXUSD	121.81	−0.0580	get 0.0073% / 1h	51m 02s	$1.9M	$2.5M	20x	Long Kraken Futures
SHORT	PhemexSPCXUSDT	121.83	+0.0050	get 0.0050% / 8h	7h 51m	$2.3M	$14.6M	50x	Short Phemex

Price gap+0.013%

Funding gap+0.0630% /8h

Funding pays +$19 a day on $10k, but the gap is 0.133% under its 7d average: −$13 if it goes back, about 17 hours of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$16+0.0630% /8h now · paid −0.164% over the last 7D

Price−$13spread +0.013% now, avg +0.146% → −0.133% if it goes back

Costs−$730.733% of $10k · taker + slippage, in and out

Result−$103−1.03%no points

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.164% in total, about −0.0078%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.013%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SPCX on 47 exchanges

lowest funding first

Before you open

0 ok · 4 to watch

Watch: Thin at this size14.2 / 25.6 bp
At $10k entering Phemex costs 25.6 bp, fee and slippage, 1.8× Kraken Futures’s.
Note: Margin at max leverage$500 + $200
Kraken Futures 20x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$18.91Long Kraken Futures: 24 payments, +$17.41; short Phemex: 3 payments, +$1.50.
Watch: Gap narrower than usual+0.013% vs +0.146%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Note: Long leg is thinner$1.9M vs $2.3M OI
Both legs are deep; Kraken Futures is the smaller one.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCKraken Futures Yes · Phemex Yes
Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0078%/8h × 21 periods−$16.42

Price spread+0.013% → +0.146% (7d avg)−$13.33

Slippage, 4 orderslive order books−$51.32

Fee Kraken Futures bp × 2 orders−$10.00

Fee Phemex bp × 2 orders−$12.00

Net · 7 days · $10k−$103.08

Costs to cover0.733%Break-evennever at this rate

Slippage: Kraken Futures: live order book, 5 min ago; Phemex: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKraken Futures5.7314.2 bp−$1442.7 bp−$42716026.9 bp−$1.60M119836.5 bp−$59.92M

SELL · SHORTPhemex13.9325.6 bp−$2627.1 bp−$27132.1 bp−$3,20942.2 bp−$21.1K

Closing costs about the same again.

SPCX news

posts that mention SPCX, from every exchange

11-05 12:39	Kalshi	Listing	new market KXSPCXPERP ($SPCX) seen by our collector
11-05 06:14	SoDEX	Other	🇺🇸 US MIDTERMS: Democrats have flipped Congress. What does the political shake-up mean for your portfolio? 👀 🛢️ OIL — BEARISH 📉 Pressure to end the US-Iran war is mounting. Brent crude plunged 8.7% below $95 as ceasefire expectations rose. Further de-escalation could push oil prices lower. ₿ CRYPTO — REGULATORY HEADWINDS ⚠️ Democratic control of Congress could delay the CLARITY Act, reducing the likelihood of near-term passage and prolonging regulatory uncertainty for crypto markets. 🤖 AI & TECH — A DIVIDED OUTLOOK 🔴 Emerging Cloud Providers: Tighter data center oversight could delay construction, increase costs and slow AI infrastructure expansion. 🟢 Big Tech: Established hyperscalers like $MSFT, $GOOGLE and $AMZN may benefit from existing infrastructure, stronger financing capacity and regulatory advantages. ⚡ The Bigger Picture: Slower data center development could mean lower AI CapEx growth, putting pressure on chipmakers and newer cloud companies. 📊 OTHER SECTORS TO WATCH 🟢 Healthcare & clean energy — Potential policy tailwinds 🔴 $TSLA & $SPCX — Greater regulatory scrutiny 🔴 Defense — Potential pressure from de-escalation 🇨🇳 China assets — Reduced tariff uncertainty, but potentially tougher congressional scrutiny. 🔥 YOUR TRADE, YOUR CALL! 👇 Which sector are you most bullish or bearish on after the midterms? 📸 Share your positions or market predictions in the comments! @sodex_official on X ↗
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11-04 04:31	Phoenix	Other	JUST IN: As Texas's Senate race was called for James Talarico, $SPCX fell 6.3% and $TSLA fell 4.6% overnight on Phoenix. Trade stock perps 24/7: @PhoenixTrade on X ↗