SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%

Price spread now: Phemex against KuCoin+0.072%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$770.767% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.072%, 7d avg −0.011%

Together, before fees−0.205%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.083% dearer against KuCoin than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of −0.011%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.6 days. At the pace of the last 7 days (−0.033% in total) that is about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPCXUSDTM	152.21	0.0100	pay 0.0100% / 8h	35m 16s	$13.0M	$5.6M	20x
Short	Phemex SPCXUSDT	152.32	0.0050	get 0.0050% / 8h	35m 16s	$530K	$373K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$10.5
Price spread: +0.072% → −0.011%: $8.33
Slippage, 4 orders: −$52.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$78.88
Costs to cover: 0.767%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Phemex: live order book, 2 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 KuCoin live order book, 3 min ago	0.99 bp	13.8 bp −$14	41.8 bp −$418	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	0.33 bp	13.8 bp −$14	doesn't fit	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 −0.0187% / S +0.0435%	1h	152.28	+0.043%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.29	+0.053%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.34	+0.085%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.348%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.34	+0.085%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.56	+0.230%	$8K	$892K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.38	+0.112%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0013%	8h	152.33	+0.079%	$30.5M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0021%	8h	152.31	+0.066%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.28	+0.048%	$7K	$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	152.25	+0.026%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.24	+0.020%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.25	+0.026%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.31	+0.066%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.26	+0.033%	$129.9M	$129.2M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.30	+0.059%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.28	+0.046%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDTshort	+0.0050%	8h	152.32	+0.072%	$530K	$373K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.16	−0.033%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.25	+0.026%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0096%	8h	152.30	+0.057%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.21	0.000%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	152.21	long leg	$13.0M	$5.6M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.34	+0.085%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.33	+0.079%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.31	+0.064%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0127%	8h	152.31	+0.063%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0141%	8h	152.32	+0.072%	$252.8M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.28	+0.045%	$728K	$4.8M	10x	as long as short
Bullet SPCX-USD	+0.0155%	1h	152.31	+0.068%	$11K	$192K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	152.33	+0.079%	$39.7M	$166.7M	75x	as long as short
Nado SPCX-PERP	+0.0181%	1h	152.20	−0.005%	$627K	$803K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.085%	$728K	$930K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0341%	1h	152.28	+0.046%	$89K	$1.4M	10x	as long as short
edgeX SPCXUSDC	+0.0360%	4h	152.30	+0.061%	$1.7M	$892K	20x	as long as short
Phoenix SPCX	+0.0368%	1h	152.31	+0.066%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0406%	8h	152.42	+0.140%	$18.9M	$29.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.55	+0.223%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.35	+0.095%	$381K	$507K	20x	as long as short