SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0106%/8h= +11.6% APRnext payment +$0.13 per $10,000 · paid last 24h +0.038%

Price spread now: Phoenix against Extended−0.159%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$220.215% of the position

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.556%+$56 · spread now −0.159%, 7d avg +0.034%

Together, before fees+0.593%+ Points / potential airdropExtended: Active · farm board+$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.193% cheaper against Extended than usual: you would sell low and buy high (spread −0.159% now, against its 7-day average of +0.034%). If the spread goes back, that is −$19 on $10k: about 6.1 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.037% in total) that is about 36 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPCX-USD	152.24	0.0104	pay 0.0013% / 1h	21m 27s	$725K	$5.3M	10x
Short	Phoenix SPCX	152.00	0.0210	get 0.0026% / 1h	21m 27s	$446K	$268K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Extended. 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 ExtendedbpFee PhoenixbpOrdersPrice spread, now −0.159%Rate

Funding earned: $22.3
Price spread: −0.159% → +0.034%: −$19.28
Slippage, 4 orders: −$9.53
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$18.51
Costs to cover: 0.215%
Break-even: 12.8 days

Slippage from Extended: live order book, 2 min ago; Phoenix: live order book, 11 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 Extended live order book, 2 min ago	1.32 bp	3.8 bp −$4	6.6 bp −$66	doesn't fit	doesn't fit
Sell Phoenix live order book, 11 min ago	0.33 bp	6.3 bp −$6	23.0 bp −$230	doesn't fit	doesn't fit

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 −0.0187% / S +0.0435%	1h	152.07	−0.109%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0020%	8h	152.19	−0.034%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.27	+0.019%	$30.4M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.23	−0.008%	$96.2M	$32.4M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.30	+0.038%	$31.0M	$66.5M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.30	+0.038%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.29	+0.032%	$8K	$848K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.25	+0.006%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.07	−0.111%	$7K	$7K	10x	as long as short
edgeX SPCXUSDC	+0.0029%	4h	152.16	−0.055%	$1.7M	$890K	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.23	−0.008%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.19	−0.034%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.23	−0.008%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.23	−0.008%	$102K	$293K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.25	+0.006%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.18	−0.040%	$129.7M	$129.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.18	−0.040%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.25	+0.006%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.23	−0.008%	$530K	$364K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.10	−0.093%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	152.30	+0.041%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0077%	8h	151.99	−0.168%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.17	−0.047%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.17	−0.047%	$13.0M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.05	−0.126%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.30	+0.038%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0104%	8h	152.30	+0.038%	$253.9M	$1.37B	75x	as long as short
Extended SPCX-USDlong	+0.0104%	1h	152.24	long leg	$725K	$5.3M	10x
Aevo SPCX-PERP	+0.0104%	1h	152.25	+0.007%	$88	—	10x	as long as short
Nado SPCX-PERP	+0.0111%	1h	152.19	−0.035%	$635K	$812K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0115%	8h	152.30	+0.038%	$39.2M	$167.8M	75x	as long as short
Bullet SPCX-USD	+0.0134%	1h	152.29	+0.029%	$10K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.27	+0.022%	$381K	$507K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0210%	1h	152.25	+0.006%	$84K	$1.4M	10x	as long as short
Phoenix SPCXshort	+0.0210%	1h	152.00	−0.159%	$446K	$268K	15x
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.03	−0.139%	$693K	$997K	10x	as long as short
Aster SPCXUSD1	+0.0387%	8h	152.41	+0.108%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.176%	$9K	$28K	5.5x	as long as short