SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0110%/8h= −12.0% APRnext payment −$0.14 per $10,000 · paid last 24h −0.029%

Price spread now: Pacifica against Phoenix−0.026%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Phoenix Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now −0.026%, 7d avg −0.065%

Together, before fees−0.131%+ Points / potential airdropPacifica: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.039% dearer against Phoenix than usual: you sell high and buy low (spread −0.026% now, against its 7-day average of −0.065%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.008% in total) that is about 32 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SPCX	152.38	0.0210	pay 0.0026% / 1h	35m 30s	$443K	$266K	15x
Short	Pacifica SPCX	152.34	0.0100	get 0.0013% / 1h	35m 30s	$169K	$120K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.026%Rate

Funding earned: −$23.01
Price spread: −0.026% → −0.065%: $3.89
Slippage, 4 orders: −$9.36
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$43.48
Costs to cover: 0.244%
Break-even: never at this rate

Slippage from Phoenix: live order book, 7 min ago; Pacifica: live order book, 7 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, 7 min ago	0.33 bp	6.4 bp −$6	20.3 bp −$203	doesn't fit	doesn't fit
Sell Pacifica live order book, 7 min ago	0.33 bp	6.5 bp −$6	doesn't fit	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 −0.0187% / S +0.0435%	1h	152.31	−0.043%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0013%	8h	152.43	+0.033%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.40	+0.013%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.37	−0.007%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.41	+0.020%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.219%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	0.000%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.72	+0.223%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.49	+0.072%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	152.39	+0.008%	$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	152.32	−0.039%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.38	0.000%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.34	−0.026%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	−0.033%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	−0.007%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.39	+0.007%	$531K	$381K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.25	−0.085%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.42	+0.029%	$408K	$498K	20x	as long as short
Paradex SPCX-USD-PERP	+0.0089%	8h	152.42	+0.027%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0090%	8h	152.38	−0.001%	$5.9M	$2.8M	—	as long as short
tradeXYZ xyz:SPCX	+0.0094%	1h	152.30	−0.053%	$129.9M	$129.0M	20x	as long as short
Pacifica SPCXshort	+0.0100%	1h	152.34	−0.026%	$169K	$120K	10x
KuCoin SPCXUSDTM	+0.0100%	8h	152.28	−0.066%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	−0.007%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.41	+0.020%	$14K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.37	−0.005%	$733K	$3.8M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.41	+0.018%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0109%	8h	152.41	+0.019%	$251.5M	$1.36B	75x	as long as short
Polymarket Perps SPCX-USD	+0.0110%	1h	152.38	0.000%	$487K	$1.2M	10x	as long as short
Lighter SPCX	+0.0112%	1h	152.33	−0.033%	$1.6M	$7.4M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0120%	8h	152.41	+0.020%	$39.5M	$166.6M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.013%	$732K	$938K	10x	as long as short
edgeX SPCXUSDC	+0.0209%	4h	152.39	+0.009%	$1.7M	$892K	20x	as long as short
Phoenix SPCXlong	+0.0210%	1h	152.38	long leg	$443K	$266K	15x
Nado SPCX-PERP	+0.0244%	1h	152.25	−0.087%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0273%	1h	152.41	+0.018%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0372%	8h	152.53	+0.099%	$18.9M	$27.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.282%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0538%	1h	152.36	−0.013%	$89K	$1.3M	10x	as long as short