SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0436%/8h= −47.8% APRnext payment −$0.55 per $10,000 · paid last 24h −0.037%

Price spread now: Injective against Deribit+2.805%63s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 2.805% dearer against Deribit than usual: you sell high and buy low (spread +2.805% now, against zero (this spread has no 7-day history yet)): +$280 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 21 days. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPCX_USDC-PERPETUAL	152.96	0.0470	pay 0.0059% / 1h	39m 44s	$71K	$1.0M	10x
Short	Injective SPCX/USDC PERP	157.25	0.0033	get 0.0004% / 1h	39m 44s	$9K	$27K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. 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 DeribitbpFee InjectivebpOrdersPrice spread, now +2.805%Rate

Funding earned: −$91.63
Price spread: +2.805% → 0.000%: $280.47
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $181.82
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Deribit: live order book, 4 min ago; Injective: 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 Deribit live order book, 4 min ago	6.54 bp	10.0 bp −$10	15.1 bp −$151	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 −0.0272% / S +0.0488%	1h	152.96	−0.003%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.96	0.000%	$96.6M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.783%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	−0.052%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.19	+0.150%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.98	+0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.96	−0.003%	$8K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.92	−0.026%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.91	−0.033%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERPshort	+0.0033%	1h	157.25	+2.805%	$9K	$27K	5.5x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.90	−0.039%	$106K	$296K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.95	−0.007%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	−0.013%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.97	+0.007%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.97	+0.007%	$538K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.83	−0.085%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.93	−0.020%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0074%	8h	152.96	0.000%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0076%	8h	152.96	+0.002%	$101	—	5x	as long as short
Bullet SPCX-USD	+0.0086%	1h	152.97	+0.007%	$11K	$188K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.88	−0.052%	$173K	$132K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.82	−0.092%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.97	+0.007%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.96	0.000%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	−0.002%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0140%	8h	152.94	−0.013%	$30.7M	$42.7M	100x	as long as short
Variational Omni SPCX	+0.0177%	8h	152.96	−0.003%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0188%	8h	153.01	+0.033%	$39.0M	$169.4M	75x	as long as short
Extended SPCX-USD	+0.0192%	1h	152.97	+0.005%	$734K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0193%	8h	152.99	+0.021%	$253.9M	$1.38B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0251%	1h	152.92	−0.026%	$143.5M	$118.4M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.96	0.000%	$446K	$269K	15x	as long as short
Nado SPCX-PERP	+0.0266%	1h	152.86	−0.067%	$602K	$884K	20x	as long as short
Aster SPCXUSD1	+0.0278%	8h	153.03	+0.049%	$19.0M	$21.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.007%	$733K	$970K	10x	as long as short
Bitget SPCXUSDT	+0.0305%	8h	153.00	+0.026%	$31.3M	$67.2M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	153.03	+0.044%	$403K	$538K	20x	as long as short
Deribit SPCX_USDC-PERPETUALlong	+0.0470%	1h	152.96	long leg	$71K	$1.0M	10x
edgeX SPCXUSDC	+0.0795%	4h	152.93	−0.020%	$1.7M	$894K	20x	as long as short