SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.004%

Price spread now: Phoenix against Nado+0.081%57s7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.292% of the position

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.081%, 7d avg +0.021%

Together, before fees−0.093%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.061% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.021%. The two prices were read 57 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	Nado SPCX-PERP	152.87	0.0234	pay 0.0029% / 1h	59m 57s	$622K	$835K	20x
Short	Phoenix SPCX	152.99	0.0314	get 0.0039% / 1h	59m 57s	$445K	$270K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Nado. 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 NadobpFee PhoenixbpOrdersPrice spread, now +0.081%Rate

Funding earned: $16.78
Price spread: +0.081% → +0.021%: $6.05
Slippage, 4 orders: −$15.21
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$6.37
Costs to cover: 0.292%
Break-even: 9.7 days

Slippage from Nado: live order book, 3 min ago; Phoenix: live order book, 67 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 Nado live order book, 3 min ago	0.33 bp	7.5 bp −$7	49.3 bp −$493	doesn't fit	doesn't fit
Sell Phoenix live order book, 67 min ago	0.33 bp	5.5 bp −$6	17.1 bp −$171	doesn't fit	doesn't fit

SPCX on 38 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	152.96	+0.059%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.94	+0.049%	$96.0M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.860%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.92	+0.036%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.23	+0.238%	$8K	$941K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.01	+0.095%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.95	+0.054%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.91	+0.029%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.89	+0.016%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.35	+0.317%	$9K	$27K	5.5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.92	+0.036%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.96	+0.062%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.93	+0.042%	$1.2M	$6.7M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	+0.049%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.96	+0.062%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.94	+0.049%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.82	−0.030%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0057%	8h	152.97	+0.068%	$30.8M	$42.9M	100x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.90	+0.023%	$71K	$1.1M	10x	as long as short
Bitget SPCXUSDT	+0.0078%	8h	153.03	+0.108%	$31.7M	$66.1M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0080%	8h	152.96	+0.063%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.87	+0.003%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.89	+0.016%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	+0.042%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.96	+0.062%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.94	+0.048%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0136%	4h	152.98	+0.076%	$1.7M	$893K	20x	as long as short
Bullet SPCX-USD	+0.0166%	1h	152.96	+0.062%	$11K	$189K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0183%	1h	152.94	+0.049%	$142.1M	$119.3M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0188%	8h	152.98	+0.075%	$39.4M	$168.1M	75x	as long as short
Variational Omni SPCX	+0.0196%	8h	152.97	+0.067%	$6.0M	$3.1M	—	as long as short
Extended SPCX-USD	+0.0208%	1h	152.93	+0.040%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0209%	8h	152.97	+0.066%	$252.5M	$1.37B	75x	as long as short
Nado SPCX-PERPlong	+0.0234%	1h	152.87	long leg	$622K	$835K	20x
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	152.97	+0.068%	$738K	$972K	10x	as long as short
Phoenix SPCXshort	+0.0314%	1h	152.99	+0.081%	$445K	$270K	15x
RISEx SPCX/USDC	+0.0410%	1h	152.98	+0.077%	$408K	$549K	20x	as long as short
Aster SPCXUSD1	+0.0410%	8h	153.03	+0.106%	$19.0M	$15.3M	20x	as long as short