SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.036%

Price spread now: Arcus against Phoenix−0.079%109s7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.289% of the position

Long on Phoenix Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.405%−$40 · spread now −0.079%, 7d avg −0.066%

Together, before fees−0.445%−$44 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SPCX	152.68	0.0210	pay 0.0026% / 1h	3m 39s	$448K	$268K	15x
Short	Arcus SPCX-USD	152.56	0.0040	get 0.0005% / 1h	3m 39s	$103K	$295K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$35.68
Price spread: −0.079% → −0.066%: −$1.27
Slippage, 4 orders: −$17.42
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$65.87
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from Phoenix: live order book, 29 min ago; Arcus: live order book, 30 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, 29 min ago	0.33 bp	7.6 bp −$8	26.1 bp −$261	doesn't fit	doesn't fit
Sell Arcus live order book, 30 min ago	5.26 bp	7.5 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit

SPCX on 38 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	152.60	−0.049%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0015%	8h	152.72	+0.026%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.67	−0.007%	$30.5M	$43.2M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.66	−0.013%	$96.1M	$32.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.68	0.000%	$31.1M	$66.7M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.66	−0.013%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.92	+0.157%	$8K	$842K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.65	−0.020%	$82K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.74	+0.039%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0016%	1h	152.58	−0.068%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.63	−0.033%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.60	−0.052%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.64	−0.026%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USDshort	+0.0040%	1h	152.56	−0.079%	$103K	$295K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.71	+0.020%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.60	−0.052%	$129.8M	$130.1M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.57	−0.072%	$489K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.66	−0.013%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.67	−0.007%	$531K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.53	−0.098%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.65	−0.020%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0088%	8h	152.69	+0.006%	$5.9M	$2.7M	—	as long as short
Nado SPCX-PERP	+0.0095%	1h	152.69	+0.009%	$633K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0099%	1h	152.70	+0.011%	$11K	$191K	10x	as long as short
edgeX SPCXUSDC	+0.0100%	4h	152.67	−0.008%	$1.7M	$890K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.59	−0.059%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.55	−0.085%	$13.0M	$5.8M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.66	−0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.71	+0.020%	$15K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0102%	8h	152.68	+0.001%	$252.8M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.64	−0.026%	$723K	$5.4M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.67	−0.005%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0110%	8h	152.70	+0.013%	$39.4M	$168.5M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.69	+0.010%	$382K	$507K	20x	as long as short
Phoenix SPCXlong	+0.0210%	1h	152.68	long leg	$448K	$268K	15x
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.45	−0.151%	$689K	$1.0M	10x	as long as short
Aster SPCXUSD1	+0.0401%	8h	152.83	+0.098%	$19.0M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	+0.065%	$9K	$28K	5.5x	as long as short