Funding you earn now, next payment 08:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.036%
Price spread now: tradeXYZ against Phoenix+0.132%7-day average −0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$330.332% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)−0.487%−$49 · spread now +0.132%, 7d avg −0.067%
=Together, before fees−0.606%+ Points / potential airdroptradeXYZ: Active · farm board−$61 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.198% dearer against Phoenix than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of −0.067%): +$20 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.1 days. At the pace of the last 7 days (−0.119% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SPCX | 152.00 | 0.0210 | pay 0.0026% / 1h | 20m 56s | $446K | $268K | 15x |
| Short | tradeXYZ xyz:SPCX | 152.20 | 0.0050 | get 0.0006% / 1h | 20m 56s | $129.7M | $129.7M | 20x |
Phoenix SPCX
tradeXYZ xyz:SPCXFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$33.64
- Price spread: +0.132% → −0.067%
- $19.81
- Slippage, 4 orders
- −$8.16
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$46.98
- Costs to cover
- 0.332%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 11 min ago; tradeXYZ: live order book, 9 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, 11 min ago | 0.33 bp | 7.6 bp −$8 | 26.1 bp −$261 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 0.33 bp | 9.3 bp −$9 | 10.5 bp −$105 | 15.9 bp −$1,588 | doesn't fit |
SPCX on 38 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 | 152.21 | +0.135% | $90K | — | 20x | as long as short |
| BloFin SPCX-USDT | −0.0016% | 8h | 152.27 | +0.178% | $1.9M | $1.2M | 75x | as long as short |
| Bybit SPCXUSDT | 0.0000% | 8h | 152.32 | +0.211% | $30.4M | $43.3M | 100x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.26 | +0.171% | $96.2M | $32.4M | 100x | as long as short |
| Bitget SPCXUSDT | 0.0000% | 8h | 152.34 | +0.224% | $31.0M | $66.5M | 75x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.30 | +0.197% | $300K | $2.6M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 152.29 | +0.191% | $8K | $848K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.35 | +0.230% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0020% | 1h | 152.07 | +0.048% | $7K | $7K | 10x | as long as short |
| edgeX SPCXUSDC | +0.0029% | 4h | 152.16 | +0.104% | $1.7M | $890K | 20x | as long as short |
GMX SPCX/USD [ETH-USDC]
BloFin SPCX-USDT
Bybit SPCXUSDT
Gate SPCX_USDT
Bitget SPCXUSDT
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
edgeX SPCXUSDCShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPCX | +0.0032% | 1h | 152.24 | +0.158% | $1.6M | $7.4M | 20x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.21 | +0.138% | $2.5M | $7.3M | 20x | as long as short |
| QFEX SPCX-USD | +0.0035% | 1h | 152.23 | +0.151% | $1.2M | $5.4M | 10x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.23 | +0.151% | $102K | $293K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.25 | +0.164% | — | $1.2M | 10x | as long as short |
| tradeXYZ xyz:SPCXshort | +0.0050% | 1h | 152.20 | +0.132% | $129.7M | $129.7M | 20x | |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.18 | +0.118% | $488K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.26 | +0.171% | $1.7M | $99K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.23 | +0.151% | $530K | $364K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.10 | +0.066% | $3.1M | $2.2M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0061% | 8h | 152.30 | +0.200% | $101 | — | 5x | as long as short |
| Variational Omni SPCX | +0.0085% | 8h | 152.29 | +0.193% | $5.9M | $2.8M | — | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.17 | +0.112% | $168K | $117K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.19 | +0.125% | $13.0M | $5.7M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.05 | +0.033% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.30 | +0.197% | $14K | $7K | 10x | as long as short |
| Binance SPCXUSDT | +0.0104% | 8h | 152.29 | +0.191% | $253.9M | $1.37B | 75x | as long as short |
| Extended SPCX-USD | +0.0104% | 1h | 152.27 | +0.178% | $725K | $5.3M | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.25 | +0.166% | $88 | — | 10x | as long as short |
| Nado SPCX-PERP | +0.0111% | 1h | 152.19 | +0.124% | $635K | $812K | 20x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0115% | 8h | 152.32 | +0.211% | $39.3M | $167.9M | 75x | as long as short |
| Bullet SPCX-USD | +0.0134% | 1h | 152.29 | +0.188% | $10K | $192K | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0144% | 1h | 152.25 | +0.164% | $84K | $1.4M | 10x | as long as short |
| RISEx SPCX/USDC | +0.0190% | 1h | 152.27 | +0.181% | $381K | $507K | 20x | as long as short |
| Phoenix SPCXlong | +0.0210% | 1h | 152.00 | long leg | $446K | $268K | 15x | |
| Coinbase International SPCX-PERP-INTX | +0.0280% | 1h | 152.03 | +0.020% | $693K | $997K | 10x | as long as short |
| Aster SPCXUSD1 | +0.0387% | 8h | 152.43 | +0.281% | $18.9M | $30.7M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0440% | 1h | 152.51 | +0.336% | $9K | $28K | 5.5x | as long as short |
Lighter SPCX
Lighter RH SPCX
QFEX SPCX-USD
Arcus SPCX-USD
Vest SPCX-USD-PERP
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
Paradex SPCX-USD-PERP
Variational Omni SPCX
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Binance SPCXUSDT
Extended SPCX-USD
Aevo SPCX-PERP
Nado SPCX-PERP
OKX SPCX-USDT-SWAP
Bullet SPCX-USD
Deribit SPCX_USDC-PERPETUAL
RISEx SPCX/USDC
Coinbase International SPCX-PERP-INTX
Aster SPCXUSD1
Injective SPCX/USDC PERP