SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.52 per $10,000 · paid last 24h −0.030%

Price spread now: BloFin against Phemex−0.013%7-day average +0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.013%, 7d avg +0.066%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.079% cheaper against Phemex than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.066%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SPCXUSDT	152.52	0.0050	pay 0.0050% / 8h	2h 29m	$531K	$387K	50x
Short	BloFin SPCX-USDT	152.50	−0.0002	pay 0.0002% / 8h	2h 29m	$1.9M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phemex. 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 PhemexbpFee BloFinbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$10.92
Price spread: −0.013% → +0.066%: −$7.94
Slippage, 4 orders: −$16.59
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$59.45
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from Phemex: live order book, 18 min ago; BloFin: live order book, 3 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 Phemex live order book, 18 min ago	0.65 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.33 bp	6.3 bp −$6	8.4 bp −$84	13.9 bp −$1,386	20.1 bp −$10.0K

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	152.43	−0.062%	$90K	—	20x	as long as short
BloFin SPCX-USDTshort	−0.0002%	8h	152.50	−0.013%	$1.9M	$1.2M	75x
Bybit SPCXUSDT	0.0000%	8h	152.52	0.000%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.49	−0.020%	$96.1M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.53	+0.007%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.117%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.59	+0.046%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.69	+0.111%	$8K	$910K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.60	+0.052%	$1.3M	$1.8M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.45	−0.046%	$87K	$1.3M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0022%	1h	152.41	−0.073%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.45	−0.046%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.41	−0.072%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.43	−0.059%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.48	−0.026%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.53	+0.007%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.43	−0.059%	$130.9M	$128.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.47	−0.033%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.48	−0.026%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDTlong	+0.0050%	8h	152.52	long leg	$531K	$387K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.39	−0.085%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0060%	8h	152.55	+0.023%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.45	−0.046%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.41	−0.072%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	−0.098%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.51	−0.007%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.51	−0.008%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0112%	8h	152.48	−0.025%	$6.0M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0118%	8h	152.51	−0.008%	$250.6M	$1.36B	75x	as long as short
Nado SPCX-PERP	+0.0119%	1h	152.47	−0.032%	$613K	$803K	20x	as long as short
Extended SPCX-USD	+0.0120%	1h	152.46	−0.040%	$731K	$4.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0123%	8h	152.51	−0.007%	$39.3M	$166.3M	75x	as long as short
Bullet SPCX-USD	+0.0150%	1h	152.54	+0.012%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.55	+0.020%	$408K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.052%	$739K	$923K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.49	−0.020%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0376%	8h	152.59	+0.047%	$18.9M	$24.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	+0.118%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0963%	4h	152.42	−0.063%	$1.7M	$893K	20x	as long as short