SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.007%

Price spread now: Coinbase International against Phoenix+0.033%72s7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

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

costs, in and out, $10k−$270.269% of the position

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.033%, 7d avg −0.003%

Together, before fees+0.168%+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.035% dearer against Phoenix than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.003%. The two prices were read 72 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	152.92	0.0261	pay 0.0033% / 1h	56m 15s	$445K	$268K	15x
Short	Coinbase International SPCX-PERP-INTX	152.97	0.0328	get 0.0041% / 1h	56m 15s	$733K	$970K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.033%Rate

Funding earned: $14.02
Price spread: +0.033% → −0.003%: $3.53
Slippage, 4 orders: −$9.85
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$9.3
Costs to cover: 0.269%
Break-even: 11.6 days

Slippage from Phoenix: live order book, 15 min ago; Coinbase International: live order book, 17 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, 15 min ago	0.33 bp	7.5 bp −$8	23.4 bp −$234	doesn't fit	doesn't fit
Sell Coinbase International live order book, 17 min ago	1.96 bp	7.3 bp −$7	9.6 bp −$96	doesn't fit	doesn't fit

SPCX on 39 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 −0.0292% / S +0.0502%	1h	153.01	+0.062%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.03	+0.072%	$96.6M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.814%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	−0.026%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.27	+0.229%	$8K	$966K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.03	+0.072%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.82	−0.065%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.99	+0.046%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.832%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.05	+0.085%	—	$1.2M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0048%	1h	153.02	+0.065%	$1.6M	$7.4M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	+0.046%	$1.7M	$81K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.99	+0.046%	$534K	$414K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.81	−0.072%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.03	+0.072%	$1.2M	$7.6M	10x	as long as short
edgeX SPCXUSDC	+0.0077%	4h	152.87	−0.031%	$1.7M	$891K	20x	as long as short
BloFin SPCX-USDT	+0.0088%	8h	153.03	+0.072%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	0.000%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	+0.026%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.78	−0.092%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.05	+0.085%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.00	+0.052%	$89	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0107%	8h	153.08	+0.102%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0192%	8h	153.05	+0.088%	$6.0M	$3.5M	—	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.91	−0.007%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0202%	8h	153.07	+0.098%	$39.1M	$169.4M	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	153.04	+0.076%	$734K	$3.7M	10x	as long as short
Binance SPCXUSDT	+0.0209%	8h	153.06	+0.092%	$252.8M	$1.38B	75x	as long as short
Bybit SPCXUSDT	+0.0221%	8h	153.07	+0.098%	$30.7M	$42.8M	100x	as long as short
Nado SPCX-PERP	+0.0226%	1h	152.96	+0.026%	$600K	$879K	20x	as long as short
Phoenix SPCXlong	+0.0261%	1h	152.92	long leg	$445K	$268K	15x
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	153.03	+0.072%	$71K	$1.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0288%	1h	152.94	+0.013%	$490K	$1.1M	10x	as long as short
Aster SPCXUSD1	+0.0319%	8h	153.02	+0.067%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0319%	8h	153.08	+0.105%	$31.3M	$66.7M	75x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0328%	1h	152.97	+0.033%	$733K	$970K	10x
RISEx SPCX/USDC	+0.0409%	1h	153.09	+0.108%	$401K	$540K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0496%	1h	152.94	+0.013%	$143.4M	$119.6M	20x	as long as short
Bullet SPCX-USD	+0.0514%	1h	153.06	+0.092%	$12K	$187K	10x	as long as short