Funding you earn now, next payment 00:00 UTC−0.0268%/8h= −29.4% APRnext payment −$0.34 per $10,000 · paid last 24h −0.030%
Price spread now: Vest against Phoenix+0.026%58s7-day average −0.110% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.033%−$3 on $10k
+Price spread, last 3 days (all we have)−0.017%−$2 · spread now +0.026%, 7d avg −0.110%
=Together, before fees−0.050%+ Points / potential airdropVest: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.136% dearer against Phoenix than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.110%): +$14 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 3 days (−0.033% in total) that is about 13 days. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.033% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SPCX | 152.93 | 0.0314 | pay 0.0039% / 1h | 31m 42s | $445K | $271K | 15x |
| Short | Vest SPCX-USD-PERP | 152.97 | 0.0046 | get 0.0006% / 1h | 31m 42s | — | $1.2M | 10x |
Phoenix SPCX
Vest SPCX-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$56.34
- Price spread: +0.026% → −0.110%
- $13.62
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$51.72
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 40 min ago; Vest: no order-book sample. Net counts fees only.
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, 40 min ago | 0.33 bp | 7.5 bp −$8 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 −0.0311% / S +0.0516% | 1h | 153.00 | +0.043% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 153.00 | +0.046% | $96.4M | $31.2M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.52 | +12.808% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.82 | −0.072% | $302K | $3.1M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.26 | +0.216% | $8K | $957K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.98 | +0.033% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0028% | 1h | 152.91 | −0.013% | $7K | $8K | 10x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.97 | +0.026% | $2.5M | $7.4M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0033% | 1h | 157.25 | +2.825% | $9K | $27K | 5.5x | as long as short |
| Vest SPCX-USD-PERPshort | +0.0046% | 1h | 152.97 | +0.026% | — | $1.2M | 10x |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Lighter RH SPCX
Injective SPCX/USDC PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPCX | +0.0048% | 1h | 152.97 | +0.026% | $1.6M | $7.4M | 20x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.99 | +0.039% | $1.7M | $86K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 153.04 | +0.072% | $534K | $414K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.84 | −0.059% | $3.2M | $2.6M | 10x | as long as short |
| QFEX SPCX-USD | +0.0063% | 1h | 152.95 | +0.013% | $1.2M | $7.4M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0064% | 1h | 152.97 | +0.026% | $489K | $1.1M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0099% | 8h | 153.00 | +0.046% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.88 | −0.033% | $173K | $129K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.93 | 0.000% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.85 | −0.052% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 153.02 | +0.059% | $15K | $7K | 10x | as long as short |
| BloFin SPCX-USDT | +0.0103% | 8h | 152.94 | +0.007% | $1.9M | $1.4M | 75x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 153.02 | +0.056% | $89 | — | 10x | as long as short |
| Bybit SPCXUSDT | +0.0175% | 8h | 153.06 | +0.085% | $30.8M | $42.7M | 100x | as long as short |
| Arcus SPCX-USD | +0.0194% | 1h | 152.89 | −0.026% | $105K | $297K | 5x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0206% | 8h | 153.04 | +0.072% | $39.2M | $168.9M | 75x | as long as short |
| Variational Omni SPCX | +0.0207% | 8h | 152.92 | −0.006% | $6.0M | $3.5M | — | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0208% | 1h | 152.97 | +0.026% | $71K | $1.1M | 10x | as long as short |
| Extended SPCX-USD | +0.0224% | 1h | 153.01 | +0.055% | $732K | $4.0M | 10x | as long as short |
| Binance SPCXUSDT | +0.0224% | 8h | 153.04 | +0.070% | $253.1M | $1.38B | 75x | as long as short |
| Nado SPCX-PERP | +0.0233% | 1h | 152.88 | −0.032% | $603K | $851K | 20x | as long as short |
| Bullet SPCX-USD | +0.0250% | 1h | 153.02 | +0.056% | $11K | $188K | 10x | as long as short |
| tradeXYZ xyz:SPCX | +0.0251% | 1h | 153.00 | +0.046% | $143.1M | $119.4M | 20x | as long as short |
| Phoenix SPCXlong | +0.0314% | 1h | 152.93 | long leg | $445K | $271K | 15x | |
| Bitget SPCXUSDT | +0.0320% | 8h | 153.06 | +0.085% | $31.2M | $66.3M | 75x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0328% | 1h | 153.01 | +0.052% | $731K | $979K | 10x | as long as short |
| Aster SPCXUSD1 | +0.0348% | 8h | 153.06 | +0.088% | $19.0M | $18.4M | 20x | as long as short |
| RISEx SPCX/USDC | +0.0409% | 1h | 153.03 | +0.062% | $401K | $535K | 20x | as long as short |
| edgeX SPCXUSDC | +0.0823% | 4h | 152.93 | +0.001% | $1.7M | $893K | 20x | as long as short |
Lighter SPCX
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
QFEX SPCX-USD
Polymarket Perps SPCX-USD
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
BloFin SPCX-USDT
Aevo SPCX-PERP
Bybit SPCXUSDT
Arcus SPCX-USD
OKX SPCX-USDT-SWAP
Variational Omni SPCX
Deribit SPCX_USDC-PERPETUAL
Extended SPCX-USD
Binance SPCXUSDT
Nado SPCX-PERP
Bullet SPCX-USD
tradeXYZ xyz:SPCX
Bitget SPCXUSDT
Coinbase International SPCX-PERP-INTX
Aster SPCXUSD1
RISEx SPCX/USDC
edgeX SPCXUSDC