SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0079%/8h= +8.7% APRnext payment +$0.10 per $10,000 · paid last 24h +0.001%

Price spread now: Deribit against Phoenix−0.007%70s7-day average −0.005% · 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−$300.299% of the position

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.028%+$3 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.007%, 7d avg −0.005%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 70 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	152.48	0.0261	pay 0.0033% / 1h	53m 50s	$443K	$266K	15x
Short	Deribit SPCX_USDC-PERPETUAL	152.47	0.0341	get 0.0043% / 1h	53m 50s	$87K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.007%Rate

Funding earned: $16.63
Price spread: −0.007% → −0.005%: −$0.15
Slippage, 4 orders: −$15.9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$13.43
Costs to cover: 0.299%
Break-even: 12.7 days

Slippage from Phoenix: live order book, 58 min ago; Deribit: live order book, just now.

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, 58 min ago	0.33 bp	7.5 bp −$8	23.4 bp −$234	doesn't fit	doesn't fit
Sell Deribit live order book, just now	3.93 bp	8.1 bp −$8	10.2 bp −$102	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 −0.0224% / S +0.0463%	1h	152.43	−0.036%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.54	+0.039%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.51	+0.020%	$96.2M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.57	+0.059%	$31.4M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.147%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.54	+0.039%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.76	+0.184%	$8K	$915K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.56	+0.052%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0010%	8h	152.55	+0.046%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.36	−0.081%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.40	−0.052%	$2.5M	$7.2M	20x	as long as short
Lighter SPCX	+0.0040%	1h	152.45	−0.020%	$1.6M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.42	−0.039%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.49	+0.007%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.49	+0.007%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.42	−0.039%	$131.1M	$128.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.47	−0.007%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.52	+0.026%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.55	+0.046%	$531K	$387K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.34	−0.092%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0059%	8h	152.54	+0.037%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.43	−0.033%	$169K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.39	−0.059%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.020%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.51	+0.020%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.50	+0.012%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0122%	8h	152.52	+0.025%	$6.0M	$2.9M	—	as long as short
Extended SPCX-USD	+0.0128%	1h	152.52	+0.025%	$731K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0131%	8h	152.56	+0.052%	$250.7M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0141%	8h	152.56	+0.052%	$39.4M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0157%	1h	152.40	−0.055%	$614K	$804K	20x	as long as short
Bullet SPCX-USD	+0.0228%	1h	152.55	+0.046%	$11K	$193K	10x	as long as short
edgeX SPCXUSDC	+0.0228%	4h	152.47	−0.007%	$1.7M	$891K	20x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.53	+0.030%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.026%	$739K	$931K	10x	as long as short
Phoenix SPCXlong	+0.0261%	1h	152.48	long leg	$443K	$266K	15x
Deribit SPCX_USDC-PERPETUALshort	+0.0341%	1h	152.47	−0.007%	$87K	$1.2M	10x
Aster SPCXUSD1	+0.0399%	8h	152.57	+0.061%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.67	+0.125%	$9K	$28K	5.5x	as long as short