SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0315%/8h= −34.5% APRnext payment −$0.39 per $10,000 · paid last 24h +0.003%

Price spread now: Bullet against Injective−0.254%54s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bullet is 0.254% cheaper against Injective than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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	Injective SPCX/USDC PERP	152.61	0.0440	pay 0.0055% / 1h	51m 35s	$9K	$28K	5.5x
Short	Bullet SPCX-USD	152.22	0.0125	get 0.0016% / 1h	51m 35s	$11K	$192K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Injective. 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 InjectivebpFee BulletbpOrdersPrice spread, now −0.254%Rate

Funding earned: −$66.09
Price spread: −0.254% → 0.000%: −$25.4
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$99.51
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bullet: live order book, 52 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 Injective no order-book sample	—	—	—	—	—
Sell Bullet live order book, 52 min ago	0.65 bp	5.6 bp −$6	19.8 bp −$198	doesn't fit	doesn't fit

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 −0.0234% / S +0.0471%	1h	152.15	−0.305%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.22	−0.256%	$96.1M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.28	−0.216%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.054%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.24	−0.242%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.43	−0.118%	$8K	$894K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.30	−0.203%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0013%	8h	152.25	−0.236%	$30.5M	$42.7M	100x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.17	−0.288%	$89K	$1.3M	10x	as long as short
BloFin SPCX-USDT	+0.0025%	8h	152.40	−0.138%	$1.9M	$1.2M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0029%	1h	152.17	−0.287%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.17	−0.288%	$2.5M	$7.2M	20x	as long as short
Lighter SPCX	+0.0040%	1h	152.19	−0.275%	$1.6M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.19	−0.275%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.25	−0.236%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.15	−0.301%	$129.9M	$129.1M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.19	−0.275%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.22	−0.256%	$529K	$375K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.07	−0.354%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.22	−0.256%	$1.2M	$5.5M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0075%	1h	152.20	−0.269%	$487K	$1.2M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.14	−0.308%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.17	−0.288%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.26	−0.229%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.23	−0.249%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.22	−0.252%	$88	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0114%	8h	152.21	−0.261%	$100	—	5x	as long as short
Bullet SPCX-USDshort	+0.0125%	1h	152.22	−0.254%	$11K	$192K	10x
Variational Omni SPCX	+0.0132%	8h	152.31	−0.199%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0143%	8h	152.24	−0.242%	$252.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.20	−0.266%	$724K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0154%	8h	152.24	−0.242%	$39.6M	$166.5M	75x	as long as short
Nado SPCX-PERP	+0.0189%	1h	152.15	−0.301%	$627K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	−0.177%	$728K	$938K	10x	as long as short
edgeX SPCXUSDC	+0.0365%	4h	152.24	−0.242%	$1.7M	$891K	20x	as long as short
Phoenix SPCX	+0.0368%	1h	152.31	−0.197%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0410%	8h	152.37	−0.157%	$18.9M	$28.6M	20x	as long as short
Injective SPCX/USDC PERPlong	+0.0440%	1h	152.61	long leg	$9K	$28K	5.5x
RISEx SPCX/USDC	+0.0445%	1h	152.29	−0.210%	$392K	$502K	20x	as long as short