SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%

Price spread now: KuCoin against Phemex−0.033%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.033%, 7d avg +0.009%

Together, before fees+0.205%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.041% cheaper against Phemex than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.009%). If the spread goes back, that is −$4 on $10k: about 2.8 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.023% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SPCXUSDT	152.63	0.0050	pay 0.0050% / 8h	5h 27m	$532K	$371K	50x
Short	KuCoin SPCXUSDTM	152.58	0.0100	get 0.0100% / 8h	5h 27m	$13.0M	$6.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.033%Rate

Funding earned: $10.5
Price spread: −0.033% → +0.009%: −$4.13
Slippage, 4 orders: −$30.87
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$48.51
Costs to cover: 0.549%
Break-even: 39.3 days

Slippage from Phemex: live order book, 18 min ago; KuCoin: live order book, 4 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	1.97 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.98 bp	12.3 bp −$12	32.9 bp −$329	doesn't fit	doesn't fit

SPCX on 38 exchanges

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	152.56	−0.043%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0075%	8h	152.67	+0.026%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.67	+0.026%	$30.0M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.65	+0.013%	$96.2M	$32.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.73	+0.066%	$31.1M	$67.0M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.71	+0.052%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.86	+0.151%	$8K	$814K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.59	−0.026%	$44K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.73	+0.066%	$1.3M	$1.7M	75x	as long as short
Variational Omni SPCX	+0.0010%	8h	152.62	−0.007%	$5.9M	$2.7M	—	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0020%	1h	152.61	−0.011%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0030%	1h	152.67	+0.026%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.63	0.000%	$1.6M	$7.5M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.59	−0.026%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.098%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.57	−0.039%	$103K	$292K	5x	as long as short
Binance SPCXUSDT	+0.0044%	8h	152.68	+0.032%	$251.7M	$1.38B	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.61	−0.013%	—	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0048%	1h	152.62	−0.006%	$728K	$5.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.60	−0.020%	$128.4M	$129.9M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.62	−0.007%	$1.7M	$56K	20x	as long as short
Phemex SPCXUSDTlong	+0.0050%	8h	152.63	long leg	$532K	$371K	50x
Paradex SPCX-USD-PERP	+0.0050%	8h	152.66	+0.018%	$101	—	5x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.57	−0.039%	$3.0M	$2.1M	10x	as long as short
RISEx SPCX/USDC	+0.0051%	1h	152.70	+0.043%	$351K	$518K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0076%	8h	152.69	+0.039%	$39.5M	$168.6M	75x	as long as short
Bullet SPCX-USD	+0.0091%	1h	152.67	+0.026%	$11K	$191K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.60	−0.020%	$169K	$114K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.58	−0.033%	$13.0M	$6.3M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.54	−0.059%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.67	+0.026%	$15K	$7K	10x	as long as short
Polymarket Perps SPCX-USD	+0.0102%	1h	152.66	+0.020%	$487K	$1.1M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.62	−0.005%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0111%	1h	152.62	−0.009%	$632K	$805K	20x	as long as short
edgeX SPCXUSDC	+0.0130%	4h	152.63	−0.003%	$1.7M	$888K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0136%	1h	152.70	+0.046%	$735K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.66	+0.020%	$448K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0397%	8h	152.81	+0.118%	$19.0M	$30.6M	20x	as long as short