SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0109%/8h= −12.0% APRnext payment −$0.14 per $10,000 · paid last 24h −0.037%

Price spread now: ApeX Omni against Phoenix−0.059%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Phoenix Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.059%, 7d avg −0.001%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.058% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.103%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SPCX	152.55	0.0209	pay 0.0026% / 1h	18m 20s	$448K	$271K	15x
Short	ApeX Omni SPCXUSDT	152.46	0.0100	get 0.0013% / 1h	18m 20s	$58K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phoenix. 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 PhoenixbpFee ApeX OmnibpOrdersPrice spread, now −0.059%Rate

Funding earned: −$22.99
Price spread: −0.059% → −0.001%: −$5.76
Slippage, 4 orders: −$22.28
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$68.03
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from Phoenix: live order book, 32 min ago; ApeX Omni: live order book, 32 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 Phoenix live order book, 32 min ago	0.33 bp	7.7 bp −$8	27.6 bp −$276	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 32 min ago	7.53 bp	12.5 bp −$13	40.4 bp −$404	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	152.50	−0.036%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0059%	8h	152.58	+0.020%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.63	+0.052%	$30.3M	$43.4M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.58	+0.020%	$96.1M	$32.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.66	+0.072%	$31.0M	$66.9M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.58	+0.020%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.82	+0.177%	$8K	$827K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.51	−0.026%	$50K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.62	+0.046%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.56	+0.008%	$7K	$7K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0031%	1h	152.54	−0.007%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.55	0.000%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.52	−0.020%	$2.5M	$7.3M	20x	as long as short
Variational Omni SPCX	+0.0037%	8h	152.54	−0.004%	$5.9M	$2.7M	—	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.50	−0.033%	$102K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.53	−0.013%	—	$1.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.53	−0.013%	$128.8M	$129.1M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.60	+0.033%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.58	+0.020%	$1.7M	$102K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.58	+0.020%	$532K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.40	−0.098%	$3.1M	$2.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0051%	8h	152.55	−0.001%	$101	—	5x	as long as short
Binance SPCXUSDT	+0.0061%	8h	152.62	+0.045%	$252.1M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0064%	1h	152.56	+0.006%	$726K	$5.4M	10x	as long as short
RISEx SPCX/USDC	+0.0068%	1h	152.60	+0.034%	$351K	$518K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0088%	8h	152.64	+0.059%	$39.4M	$168.5M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.47	−0.052%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.45	−0.066%	$13.0M	$6.0M	20x	as long as short
ApeX Omni SPCXUSDTshort	+0.0100%	1h	152.46	−0.059%	$58K	$271K	50x
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.58	+0.020%	$14K	$7K	10x	as long as short
Bullet SPCX-USD	+0.0103%	1h	152.62	+0.046%	$11K	$191K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.55	−0.001%	$88	—	10x	as long as short
Nado SPCX-PERP	+0.0119%	1h	152.50	−0.032%	$633K	$805K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0184%	1h	152.48	−0.046%	$687K	$1.0M	10x	as long as short
Phoenix SPCXlong	+0.0209%	1h	152.55	long leg	$448K	$271K	15x
Aster SPCXUSD1	+0.0384%	8h	152.73	+0.119%	$19.0M	$30.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	+0.151%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0700%	4h	152.54	−0.005%	$1.7M	$890K	20x	as long as short