Funding arb · Price arb / RWA

SPCX

RWAAll SPCX markets →

LONGPhoenix▾Reya −0.1777%Popdex −0.0984%Ondo Perps −0.0653%tradeXYZ −0.0608%Aster −0.0536%Nado −0.0473%Polymarket Perps −0.0430%GRVT −0.0419%Bybit −0.0346%HTX −0.0174%Avantis −0.0149%KuCoin −0.0145%Paradex −0.0108%ApeX Omni −0.0074%Phoenix −0.0054%Aftermath Perps −0.0009%Extended 0.0000%Binance 0.0000%OKX 0.0000%RISEx 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%Variational Omni 0.0000%StandX 0.0000%Bullet 0.0000%SunX 0.0000%Deribit 0.0000%Lighter +0.0032%Lighter RH +0.0032%Arcus +0.0038%Vest Markets +0.0046%BingX +0.0050%Backpack +0.0050%SoDEX +0.0050%Phemex +0.0050%Pacifica +0.0100%Orderly +0.0100%TxFlow +0.0100%Aevo +0.0104%BloFin +0.0120%Kraken Futures +0.0232%edgeX +0.0287%Injective +0.0440%GMX +0.0731%

⇄⇅

SHORTAZAZverse▾GMX −0.0548%Injective +0.0440%edgeX +0.0287%Kraken Futures +0.0232%BloFin +0.0120%Aevo +0.0104%Pacifica +0.0100%Orderly +0.0100%TxFlow +0.0100%BingX +0.0050%Backpack +0.0050%SoDEX +0.0050%Phemex +0.0050%Vest Markets +0.0046%Arcus +0.0038%Lighter +0.0032%Lighter RH +0.0032%Extended 0.0000%Binance 0.0000%OKX 0.0000%RISEx 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%Variational Omni 0.0000%StandX 0.0000%Bullet 0.0000%SunX 0.0000%Deribit 0.0000%Aftermath Perps −0.0009%ApeX Omni −0.0074%Paradex −0.0108%KuCoin −0.0145%HTX −0.0174%Avantis +0.0185%AZverse −0.0243%Bybit −0.0346%GRVT −0.0419%Polymarket Perps −0.0430%Nado −0.0473%Aster −0.0536%tradeXYZ −0.0608%Ondo Perps −0.0653%Popdex −0.0984%Reya −0.1777%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixSPCX	147.45	−0.0054	get 0.0007% / 1h	27m 54s	$288K	$12K	15x	Long Phoenix
SHORT	AZAZversespcx_usdt	147.36	−0.0243	pay 0.0030% / 1h	27m 54s	$827K	$200K	—	Short AZverse

Price gap−0.061%

Funding gap−0.0189% /8h

Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.030% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 22 hours it paid +0.001% in total, about +0.0005%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.061%

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

24H3D7D14D30D90D

PhoenixAZverse

SPCX on 47 exchanges

lowest funding first

Before you open

2 ok · 2 to watch

• i
  Note: Order book unknown—

  No order-book sample for AZverse: its slippage is not counted.
• i
  Note: Margin at max leverage$667 + —

  Phoenix 15x, AZverse —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Phoenix · 1h+$1.62

  Short AZverse · 1h−$7.30

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$5.68Long Phoenix: 24 payments, +$1.62; short AZverse: 24 payments, −$7.30.
• !
  Watch: Gap narrower than usual−0.061% vs −0.031%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Long leg is thinner$288K vs $827K OI

  Phoenix sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• ✓
  OK: No KYC on either legPhoenix No · AZverse No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0005%/8h × 21 periods+$1.06

Price spread−0.061% → −0.031% (7d avg)−$3.00

Slippage, 4 ordersno data for AZverse—

Fee Phoenix bp × 2 orders−$7.00

Fee AZverse bp × 2 orders−$12.00

Net, fees only · 7 days · $10k−$20.94

Costs to cover0.190%Break-even144.7 days

Slippage: Phoenix: live order book, 65 min ago; AZverse: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGPhoenix2.7110.3 bp−$1020.8 bp−$208doesn’t fitdoesn’t fit

SELL · SHORTAZverse—————

Closing costs about the same again.
AZverse: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

SPCX news

posts that mention SPCX, from every exchangeSearch all news →

10-23 19:31	Vest Markets	Other	Trade $SPCX volatility with a Vest Capital funded account and access up to $50k in trading capital: @VestExchange on X ↗
10-23 19:31	Vest Markets	Other	SpaceX is reported to be in talks for at least 80,000 US cell sites, with $SPCX up around 1.4% on today's session. The talks, reported by Bloomberg, include Crown Castle and come weeks after SpaceX acquired low-band spectrum for its wireless plans. Phillip Securities double-upgraded $SPCX to Buy from Sell today, with the stock rebounding from Thursday's ~9% decline. @VestExchange on X ↗
10-23 17:52	ApeX Omni	Other	$193bn of $SPCX stock came free to sell on Thursday. @elonmusk could not sell a single share of it. Why the stock fell 9% anyway👇 @OfficialApeXdex on X ↗
10-23 12:16	SoDEX	Points	🎉 Happy Points Day! Layer1 Season Week 7 points are LIVE! 🚀 SoDEX Open Interest Hits $309.53M! 🔥 Another milestone unlocked! From $270M to over $309M — thank you to our growing trading community! 🧡 ⚡ Week 8 Bonus: Trade ZEC-USD, NEAR-USD, TSLA-USD, META-USD, CL-USD, SPCX-USD, QNT-USD perps to earn 1.2× SoPoints on trading volume! 🎁 Check your points 👉 @sodex_official on X ↗
10-23 12:15	SoDEX	Points	🎉 Happy Points Day! Layer1 Season Week 7 points are LIVE! 🚀 SoDEX Open Interest Hits $309.53M! 🔥 Another milestone unlocked! From $270M to over $309M — thank you to our growing trading community! 🧡 ⚡ Week 8 Bonus: Trade ZEC-USD, NEAR-USD, TSLA-USD, META-USD, CL-USD, SPCX-USD, QNT-USD perps to earn 1.2× SoPoints on trading volume! 🎁 Check your points 👉 @sodex_official on X ↗
10-22 22:57	Injective	Token	The second-ever Injective Stockdrop kicks off next week. Anyone who participated in the $INJ BuyBack yesterday has a chance to earn a tokenized stock on Solana. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗