Funding you earn now, next payment 01:00 UTC+0.0268%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h +0.033%
Price spread now: Phoenix against Vest0.000%7-day average +0.109% · 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)+0.036%+$4 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now 0.000%, 7d avg +0.109%
=Together, before fees+0.017%+ Points / potential airdropVest: Active · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.109% cheaper against Vest than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.109%). If the spread goes back, that is −$11 on $10k: about 32 hours of funding at the current rate (+$8 a day). At the pace of the last 3 days (+0.036% in total) that is about 9.9 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.036% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 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 | Vest SPCX-USD-PERP | 152.99 | 0.0046 | pay 0.0006% / 1h | 0m 43s | — | $1.2M | 10x |
| Short | Phoenix SPCX | 152.99 | 0.0314 | get 0.0039% / 1h | 0m 43s | $445K | $270K | 15x |
Vest SPCX-USD-PERP
Phoenix SPCXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Vest. 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
- $56.26
- Price spread: 0.000% → +0.109%
- −$10.87
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $36.39
- Costs to cover
- 0.090%
- Break-even
- 2.5 days
Slippage unknown: Vest: no order-book sample; Phoenix: live order book, 66 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 66 min ago | 0.33 bp | 5.5 bp −$6 | 17.1 bp −$171 | doesn't fit | doesn't fit |
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 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 −0.0333% / S +0.0531% | 1h | 152.99 | −0.003% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.95 | −0.026% | $96.0M | $31.4M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.52 | +12.768% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.92 | −0.046% | $302K | $3.0M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.25 | +0.170% | $8K | $941K | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | 0.0000% | 1h | 152.90 | −0.059% | $72K | $1.1M | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 153.03 | +0.026% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0024% | 1h | 152.94 | −0.031% | $7K | $8K | 10x | as long as short |
| Lighter SPCX | +0.0032% | 1h | 152.91 | −0.052% | $1.6M | $7.2M | 20x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.90 | −0.059% | $2.5M | $7.3M | 20x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
Deribit SPCX_USDC-PERPETUAL
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Lighter SPCX
Lighter RH SPCXShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SPCX/USDC PERP | +0.0033% | 1h | 153.35 | +0.235% | $9K | $27K | 5.5x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.93 | −0.039% | $105K | $297K | 5x | as long as short |
| Vest SPCX-USD-PERPlong | +0.0046% | 1h | 152.99 | long leg | — | $1.2M | 10x | |
| QFEX SPCX-USD | +0.0049% | 1h | 152.98 | −0.007% | $1.2M | $6.7M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.95 | −0.026% | $499K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.98 | −0.007% | $1.7M | $91K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.96 | −0.020% | $534K | $405K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.84 | −0.098% | $3.2M | $2.5M | 10x | as long as short |
| Bybit SPCXUSDT | +0.0059% | 8h | 152.97 | −0.013% | $30.8M | $42.9M | 100x | as long as short |
| Paradex SPCX-USD-PERP | +0.0080% | 8h | 152.96 | −0.019% | $101 | — | 5x | as long as short |
| Bitget SPCXUSDT | +0.0082% | 8h | 153.03 | +0.026% | $31.7M | $66.2M | 75x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.87 | −0.078% | $169K | $133K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.89 | −0.065% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.93 | −0.039% | $58K | $272K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.99 | 0.000% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.97 | −0.010% | $89 | — | 10x | as long as short |
| edgeX SPCXUSDC | +0.0136% | 4h | 152.98 | −0.005% | $1.7M | $893K | 20x | as long as short |
| Bullet SPCX-USD | +0.0167% | 1h | 153.00 | +0.004% | $11K | $189K | 10x | as long as short |
| tradeXYZ xyz:SPCX | +0.0183% | 1h | 152.94 | −0.033% | $142.2M | $119.2M | 20x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0189% | 8h | 152.97 | −0.013% | $39.4M | $168.1M | 75x | as long as short |
| Variational Omni SPCX | +0.0196% | 8h | 152.97 | −0.014% | $6.0M | $3.1M | — | as long as short |
| Extended SPCX-USD | +0.0208% | 1h | 152.92 | −0.047% | $736K | $3.8M | 10x | as long as short |
| Binance SPCXUSDT | +0.0209% | 8h | 152.95 | −0.027% | $252.5M | $1.37B | 75x | as long as short |
| Nado SPCX-PERP | +0.0234% | 1h | 152.93 | −0.041% | $622K | $835K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0288% | 1h | 152.97 | −0.013% | $738K | $972K | 10x | as long as short |
| Phoenix SPCXshort | +0.0314% | 1h | 152.99 | 0.000% | $445K | $270K | 15x | |
| RISEx SPCX/USDC | +0.0410% | 1h | 153.03 | +0.026% | $408K | $549K | 20x | as long as short |
| Aster SPCXUSD1 | +0.0410% | 8h | 153.05 | +0.036% | $19.0M | $15.3M | 20x | as long as short |
Injective SPCX/USDC PERP
Arcus SPCX-USD
QFEX SPCX-USD
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
Bybit SPCXUSDT
Paradex SPCX-USD-PERP
Bitget SPCXUSDT
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
edgeX SPCXUSDC
Bullet SPCX-USD
tradeXYZ xyz:SPCX
OKX SPCX-USDT-SWAP
Variational Omni SPCX
Extended SPCX-USD
Binance SPCXUSDT
Nado SPCX-PERP
Coinbase International SPCX-PERP-INTX
RISEx SPCX/USDC
Aster SPCXUSD1