SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.93 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against Phemex0.000%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 3 days (all we have)+0.051%+$5 · spread now 0.000%, 7d avg +0.055%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.055% cheaper against Phemex than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.055%). If the spread goes back, that is −$6 on $10k: about 47 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.063% in total) that is about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SPCXUSDT	152.96	0.0050	pay 0.0050% / 8h	47m 18s	$538K	$405K	50x
Short	Bybit SPCXUSDT	152.96	0.0143	get 0.0143% / 8h	47m 18s	$30.7M	$42.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $19.53
Price spread: 0.000% → +0.055%: −$5.52
Slippage, 4 orders: −$18.37
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$27.36
Costs to cover: 0.414%
Break-even: 16.8 days

Slippage from Phemex: live order book, 30 min ago; Bybit: 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 Phemex live order book, 30 min ago	1.64 bp	13.5 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.33 bp	5.8 bp −$6	9.0 bp −$90	27.3 bp −$2,728	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 −0.0272% / S +0.0488%	1h	152.94	−0.016%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.94	−0.013%	$96.6M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.783%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.89	−0.046%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.15	+0.124%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.97	+0.007%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.96	−0.003%	$8K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.90	−0.039%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.89	−0.046%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.805%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.89	−0.046%	$106K	$296K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.92	−0.026%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.92	−0.026%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.95	−0.007%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDTlong	+0.0050%	8h	152.96	long leg	$538K	$405K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.87	−0.059%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.91	−0.033%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0080%	8h	152.93	−0.019%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0083%	8h	153.06	+0.065%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0085%	1h	152.93	−0.020%	$11K	$188K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.87	−0.059%	$173K	$132K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.85	−0.072%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.020%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.98	+0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	+0.003%	$89	—	10x	as long as short
Bybit SPCXUSDTshort	+0.0143%	8h	152.96	0.000%	$30.7M	$42.7M	100x
Variational Omni SPCX	+0.0188%	8h	153.00	+0.023%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0193%	8h	152.97	+0.007%	$39.0M	$169.5M	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.94	−0.016%	$734K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0203%	8h	152.96	−0.001%	$253.9M	$1.38B	75x	as long as short
Phoenix SPCX	+0.0261%	1h	153.01	+0.033%	$446K	$269K	15x	as long as short
Nado SPCX-PERP	+0.0264%	1h	152.84	−0.076%	$602K	$884K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0272%	1h	152.92	−0.026%	$143.6M	$118.5M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.007%	$733K	$970K	10x	as long as short
Aster SPCXUSD1	+0.0281%	8h	153.04	+0.052%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0309%	8h	152.97	+0.007%	$31.2M	$67.2M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0339%	1h	152.92	−0.026%	$71K	$1.0M	10x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	153.03	+0.046%	$403K	$538K	20x	as long as short
edgeX SPCXUSDC	+0.0820%	4h	152.96	+0.003%	$1.7M	$893K	20x	as long as short