Funding you earn now, next payment 05:00 UTC+0.0540%/8h= +59.1% APRpaid last 24h −0.077%
Price spread now: edgeX against Phoenix+0.014%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs+$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$250.249% of the position
Funding, last 7 days+0.605%+$61 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.014%, 7d avg −0.006%
=Together, before fees+0.594%+ Points / potential airdropedgeX: Active · farm board+$59 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and edgeX is 0.020% dearer against Phoenix than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SPCX | 152.48 | 0.0263 | pay 0.0033% / 1h | 52m 16s | $443K | $266K | 15x |
| Short | edgeX SPCXUSDC | 152.50 | 0.0803 | get 0.0401% / 4h | 2h 52m | $1.7M | $892K | 20x |
Phoenix SPCX
edgeX SPCXUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $113.41
- Price spread: +0.014% → −0.006%
- $2.04
- Slippage, 4 orders
- −$8.87
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $90.58
- Costs to cover
- 0.249%
- Break-even
- 1.4 days
Slippage from Phoenix: live order book, 60 min ago; edgeX: live order book, 2 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, 60 min ago | 0.33 bp | 7.5 bp −$8 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 2 min ago | 1.64 bp | 6.1 bp −$6 | 7.1 bp −$71 | 19.6 bp −$1,959 | 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 | 152.44 | −0.023% | $90K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.56 | +0.052% | $96.3M | $31.5M | 100x | as long as short |
| Bitget SPCXUSDT | 0.0000% | 8h | 152.61 | +0.085% | $31.3M | $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 | 152.58 | +0.066% | $300K | $2.8M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 152.78 | +0.197% | $8K | $916K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.64 | +0.105% | $1.3M | $1.8M | 75x | as long as short |
| Bybit SPCXUSDT | +0.0003% | 8h | 152.59 | +0.072% | $30.6M | $42.7M | 100x | as long as short |
| BloFin SPCX-USDT | +0.0012% | 8h | 152.54 | +0.039% | $1.9M | $1.2M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0026% | 1h | 152.41 | −0.046% | $7K | $8K | 10x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
Bitget SPCXUSDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Bybit SPCXUSDT
BloFin SPCX-USDT
Aftermath Perps SPCXUSDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SPCX | +0.0032% | 1h | 152.48 | 0.000% | $2.5M | $7.2M | 20x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.44 | −0.026% | $105K | $297K | 5x | as long as short |
| QFEX SPCX-USD | +0.0043% | 1h | 152.52 | +0.026% | $1.2M | $5.6M | 10x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.53 | +0.033% | — | $1.2M | 10x | as long as short |
| tradeXYZ xyz:SPCX | +0.0050% | 1h | 152.45 | −0.020% | $131.1M | $128.5M | 20x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.50 | +0.013% | $490K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.54 | +0.039% | $1.7M | $99K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.59 | +0.072% | $532K | $388K | 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 |
| Lighter SPCX | +0.0056% | 1h | 152.52 | +0.026% | $1.6M | $7.4M | 20x | as long as short |
| Paradex SPCX-USD-PERP | +0.0064% | 8h | 152.55 | +0.045% | $101 | — | 5x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0078% | 1h | 152.56 | +0.052% | $87K | $1.3M | 10x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.45 | −0.020% | $169K | $119K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.47 | −0.007% | $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 | 152.53 | +0.033% | $14K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.55 | +0.048% | $88 | — | 10x | as long as short |
| Variational Omni SPCX | +0.0122% | 8h | 152.52 | +0.025% | $6.0M | $2.9M | — | as long as short |
| Binance SPCXUSDT | +0.0132% | 8h | 152.59 | +0.072% | $250.7M | $1.36B | 75x | as long as short |
| Extended SPCX-USD | +0.0136% | 1h | 152.55 | +0.045% | $731K | $4.6M | 10x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0142% | 8h | 152.60 | +0.079% | $39.4M | $166.5M | 75x | as long as short |
| Nado SPCX-PERP | +0.0174% | 1h | 152.42 | −0.039% | $614K | $804K | 20x | as long as short |
| RISEx SPCX/USDC | +0.0238% | 1h | 152.59 | +0.075% | $408K | $522K | 20x | as long as short |
| Bullet SPCX-USD | +0.0246% | 1h | 152.58 | +0.066% | $12K | $193K | 10x | 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 | +0.0263% | 1h | 152.48 | long leg | $443K | $266K | 15x | |
| Aster SPCXUSD1 | +0.0399% | 8h | 152.59 | +0.073% | $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 |
| edgeX SPCXUSDCshort | +0.0803% | 4h | 152.50 | +0.014% | $1.7M | $892K | 20x |
Lighter RH SPCX
Arcus SPCX-USD
QFEX SPCX-USD
Vest SPCX-USD-PERP
tradeXYZ xyz:SPCX
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
Lighter SPCX
Paradex SPCX-USD-PERP
Deribit SPCX_USDC-PERPETUAL
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Variational Omni SPCX
Binance SPCXUSDT
Extended SPCX-USD
OKX SPCX-USDT-SWAP
Nado SPCX-PERP
RISEx SPCX/USDC
Bullet SPCX-USD
Coinbase International SPCX-PERP-INTX
Aster SPCXUSD1
Injective SPCX/USDC PERP