SPCX

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexSPCXUSDT	124.43	+0.0050	pay 0.0050% / 8h	7h 45m	$2.3M	$14.8M	50x	Long Phemex
SHORT	Kraken FuturesPF_SPCXXUSD	124.34	−0.0569	pay 0.0071% / 1h	45m 24s	$1.9M	$2.5M	20x	Short Kraken Futures

Price gap−0.069%

Funding gap−0.0619% /8h

The gap pays +$8 on $10k if it goes back to its 7d average, but funding costs $19 a day and eats that in about 10 hours.

If you open now and hold

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

Funding+$16−0.0619% /8h now · paid +0.164% over the last 7D

Price+$8spread −0.069% now, avg −0.146% → +0.077% if it goes back

Costs−$790.793% of $10k · taker + slippage, in and out

Result−$55−0.55%no points

The current funding rate is far below 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−0.069%

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

1 ok · 3 to watch

Watch: Thin at this size24.8 / 14.8 bp
At $10k entering Phemex costs 24.8 bp, fee and slippage, 1.7× Kraken Futures’s.
Note: Margin at max leverage$200 + $500
Phemex 50x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$18.56Long Phemex: 3 payments, −$1.50; short Kraken Futures: 24 payments, −$17.06.
OK: Entry gap works for you−0.069% vs −0.146%
You short the dearer leg. If the gap goes back to average, the short gains.
Note: Short 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: KYCPhemex Yes · Kraken Futures Yes
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

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−0.069% → −0.146% (7d avg)+$7.65

Slippage, 4 orderslive order books−$57.25

Fee Phemex bp × 2 orders−$12.00

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k−$55.18

Costs to cover0.793%Break-even30.5 days

Slippage: Phemex: live order book, 6 min ago; Kraken Futures: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex18.8324.8 bp−$2532.0 bp−$32037.8 bp−$3,78357.8 bp−$28.9K

SELL · SHORTKraken Futures8.4214.8 bp−$1529.8 bp−$298doesn’t fitdoesn’t fit

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 ↗