SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.63 per $10,000 · paid last 24h +0.030%

Price spread now: Phemex against BloFin−0.007%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 3 days (all we have)−0.071%−$7 · spread now −0.007%, 7d avg −0.070%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.063% dearer against BloFin than usual: you sell high and buy low (spread −0.007% now, against its 7-day average of −0.070%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.163%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	153.05	0.0113	pay 0.0113% / 8h	7h 22m	$1.9M	$1.4M	75x
Short	Phemex SPCXUSDT	153.04	0.0050	get 0.0050% / 8h	7h 22m	$533K	$414K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. 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 BloFinbpFee PhemexbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$13.22
Price spread: −0.007% → −0.070%: $6.34
Slippage, 4 orders: −$16.35
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$47.23
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Phemex: live order book, 50 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 BloFin live order book, 5 min ago	0.65 bp	6.7 bp −$7	6.7 bp −$67	6.7 bp −$666	10.8 bp −$5,419
Sell Phemex live order book, 50 min ago	0.65 bp	13.3 bp −$13	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 −0.0317% / S +0.0520%	1h	153.00	−0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.02	−0.020%	$96.4M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.721%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.93	−0.078%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.29	+0.157%	$8K	$956K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.09	+0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	153.01	−0.028%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.97	−0.052%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.744%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.05	0.000%	—	$1.2M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0048%	1h	153.00	−0.033%	$1.6M	$7.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.02	−0.020%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.02	−0.020%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDTshort	+0.0050%	8h	153.04	−0.007%	$533K	$414K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.94	−0.072%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.01	−0.026%	$1.2M	$7.3M	10x	as long as short
edgeX SPCXUSDC	+0.0075%	4h	153.07	+0.010%	$1.7M	$892K	20x	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	153.06	+0.009%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.94	−0.072%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.95	−0.065%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.06	+0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	0.000%	$89	—	10x	as long as short
BloFin SPCX-USDTlong	+0.0113%	8h	153.05	long leg	$1.9M	$1.4M	75x
Bybit SPCXUSDT	+0.0157%	8h	153.06	+0.007%	$30.9M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.00	−0.033%	$105K	$297K	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	153.00	−0.033%	$72K	$1.1M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0211%	8h	153.07	+0.013%	$39.2M	$169.1M	75x	as long as short
Variational Omni SPCX	+0.0216%	8h	153.07	+0.013%	$6.0M	$3.5M	—	as long as short
Nado SPCX-PERP	+0.0229%	1h	152.95	−0.066%	$620K	$857K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0232%	1h	153.00	−0.033%	$143.1M	$119.3M	20x	as long as short
Extended SPCX-USD	+0.0232%	1h	153.01	−0.029%	$734K	$4.0M	10x	as long as short
Binance SPCXUSDT	+0.0234%	8h	153.04	−0.008%	$253.1M	$1.38B	75x	as long as short
Bullet SPCX-USD	+0.0239%	1h	153.06	+0.008%	$11K	$189K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.09	+0.026%	$445K	$271K	15x	as long as short
Bitget SPCXUSDT	+0.0314%	8h	153.08	+0.020%	$31.3M	$66.4M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.01	−0.026%	$731K	$977K	10x	as long as short
Aster SPCXUSD1	+0.0367%	8h	153.10	+0.030%	$19.0M	$18.1M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.07	+0.016%	$401K	$535K	20x	as long as short