SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0525%/8h= −57.5% APRnext payment −$0.66 per $10,000 · paid last 24h −0.021%

Price spread now: Bullet against RISEx−0.042%48s7-day average −0.031% · 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−$190.189% of the position

Long on RISEx Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 3 days (all we have)+0.211%+$21 · spread now −0.042%, 7d avg −0.031%

Together, before fees+0.230%+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate. The two prices were read 48 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 0.020% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.66 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	RISEx SPCX/USDC	152.69	0.0543	pay 0.0068% / 1h	48m 34s	$402K	$542K	20x
Short	Bullet SPCX-USD	152.63	0.0018	get 0.0002% / 1h	48m 34s	$12K	$189K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against RISEx. 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 RISExbpFee BulletbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$110.35
Price spread: −0.042% → −0.031%: −$1.04
Slippage, 4 orders: −$4.88
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$130.27
Costs to cover: 0.189%
Break-even: never at this rate

Slippage from RISEx: live order book, 35 min ago; Bullet: live order book, 35 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 RISEx live order book, 35 min ago	0.98 bp	4.0 bp −$4	5.5 bp −$55	doesn't fit	doesn't fit
Sell Bullet live order book, 35 min ago	0.33 bp	5.4 bp −$5	20.2 bp −$202	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 −0.0335% / S +0.0533%	1h	152.59	−0.065%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.62	−0.048%	$96.5M	$30.8M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.977%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.67	−0.015%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.80	+0.070%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.60	−0.061%	$1.3M	$1.7M	75x	as long as short
Bullet SPCX-USDshort	+0.0018%	1h	152.63	−0.042%	$12K	$189K	10x
Aftermath Perps SPCXUSD	+0.0024%	1h	152.59	−0.069%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.57	−0.081%	$1.6M	$7.1M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	−0.081%	$2.4M	$7.5M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.984%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.68	−0.009%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.61	−0.055%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.61	−0.055%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	−0.048%	$539K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.146%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.61	−0.055%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0080%	8h	152.61	−0.052%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0082%	1h	152.59	−0.068%	$129.7M	$107.4M	20x	as long as short
BloFin SPCX-USDT	+0.0089%	8h	152.64	−0.035%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.54	−0.101%	$175K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.50	−0.127%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.57	−0.081%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.65	−0.028%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.65	−0.029%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0143%	8h	152.64	−0.035%	$30.7M	$42.3M	100x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0143%	1h	152.62	−0.048%	$70K	$1.1M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0183%	8h	152.64	−0.035%	$38.9M	$168.1M	75x	as long as short
Variational Omni SPCX	+0.0191%	8h	152.62	−0.047%	$6.1M	$3.9M	—	as long as short
Nado SPCX-PERP	+0.0203%	1h	152.56	−0.089%	$625K	$875K	20x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.61	−0.056%	$715K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0209%	8h	152.63	−0.043%	$256.0M	$1.38B	75x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.56	−0.087%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0244%	8h	152.70	+0.003%	$19.0M	$21.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	+0.011%	$741K	$947K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.63	−0.042%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0327%	8h	152.65	−0.028%	$31.0M	$66.5M	75x	as long as short
RISEx SPCX/USDClong	+0.0543%	1h	152.69	long leg	$402K	$542K	20x
edgeX SPCXUSDC	+0.0618%	4h	152.62	−0.047%	$1.7M	$893K	20x	as long as short