SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%

Price spread now: Phemex against KuCoin+0.072%50s7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.538% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.072%, 7d avg −0.013%

Together, before fees−0.224%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.085% dearer against KuCoin than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of −0.013%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.7 days. At the pace of the last 7 days (−0.033% in total) that is about 18 days. The two prices were read 50 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	KuCoin SPCXUSDTM	152.63	0.0100	pay 0.0100% / 8h	2h 08m	$13.0M	$5.4M	20x
Short	Phemex SPCXUSDT	152.74	0.0050	get 0.0050% / 8h	2h 08m	$531K	$385K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$10.5
Price spread: +0.072% → −0.013%: $8.49
Slippage, 4 orders: −$29.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$55.79
Costs to cover: 0.538%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Phemex: live order book, 39 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 KuCoin live order book, 5 min ago	0.98 bp	13.8 bp −$14	41.0 bp −$410	doesn't fit	doesn't fit
Sell Phemex live order book, 39 min ago	0.65 bp	18.3 bp −$18	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 −0.0187% / S +0.0435%	1h	152.69	+0.043%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0018%	8h	152.68	+0.033%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.76	+0.085%	$30.7M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.72	+0.059%	$96.2M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.76	+0.085%	$31.2M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.040%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.80	+0.111%	$301K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.87	+0.157%	$8K	$898K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.70	+0.046%	$88K	$1.3M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.82	+0.124%	$1.3M	$1.8M	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	+0.0017%	1h	152.65	+0.015%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.67	+0.026%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.65	+0.013%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.65	+0.013%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.69	+0.039%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.77	+0.092%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.66	+0.020%	$130.3M	$129.0M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.70	+0.046%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.70	+0.046%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDTshort	+0.0050%	8h	152.74	+0.072%	$531K	$385K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.60	−0.020%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.73	+0.062%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0089%	8h	152.72	+0.058%	$6.0M	$2.8M	—	as long as short
Nado SPCX-PERP	+0.0097%	1h	152.69	+0.042%	$613K	$801K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.66	+0.020%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	152.63	long leg	$13.0M	$5.4M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.69	+0.039%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.76	+0.085%	$15K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0100%	8h	152.75	+0.078%	$250.5M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.69	+0.037%	$731K	$4.6M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.76	+0.086%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0114%	8h	152.77	+0.092%	$39.6M	$166.8M	75x	as long as short
Bullet SPCX-USD	+0.0126%	1h	152.75	+0.080%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.76	+0.088%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.70	+0.046%	$731K	$938K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.78	+0.098%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0359%	8h	152.78	+0.096%	$18.9M	$24.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	+0.046%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0483%	4h	152.72	+0.057%	$1.7M	$891K	20x	as long as short