SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.002%

Price spread now: Phoenix against Nado+0.067%57s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$250.255% of the position

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 3 days (all we have)−0.099%−$10 · spread now +0.067%, 7d avg +0.020%

Together, before fees−0.090%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.046% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.020%. The two prices were read 57 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	Nado SPCX-PERP	152.96	0.0241	pay 0.0030% / 1h	57m 41s	$620K	$847K	20x
Short	Phoenix SPCX	153.06	0.0314	get 0.0039% / 1h	57m 41s	$445K	$270K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Nado. 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 NadobpFee PhoenixbpOrdersPrice spread, now +0.067%Rate

Funding earned: $15.4
Price spread: +0.067% → +0.020%: $4.64
Slippage, 4 orders: −$11.5
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$5.46
Costs to cover: 0.255%
Break-even: 9.5 days

Slippage from Nado: live order book, 11 min ago; Phoenix: live order book, 9 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 Nado live order book, 11 min ago	0.33 bp	6.3 bp −$6	20.8 bp −$208	doesn't fit	doesn't fit
Sell Phoenix live order book, 9 min ago	0.33 bp	5.5 bp −$6	17.1 bp −$171	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 −0.0333% / S +0.0531%	1h	153.01	+0.037%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.01	+0.034%	$96.3M	$31.1M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.792%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.97	+0.008%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.250%	$8K	$950K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.04	+0.054%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	153.01	+0.036%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.98	+0.014%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.96	+0.001%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.806%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.99	+0.021%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.04	+0.054%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.01	+0.034%	$1.2M	$7.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.01	+0.034%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	+0.034%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.04	+0.054%	$534K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.025%	$3.2M	$2.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.97	+0.008%	$72K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0086%	8h	153.05	+0.057%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.92	−0.025%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.94	−0.012%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.94	−0.012%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.06	+0.067%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	+0.057%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0110%	1h	153.06	+0.064%	$11K	$189K	10x	as long as short
Bybit SPCXUSDT	+0.0113%	8h	153.04	+0.054%	$30.8M	$42.8M	100x	as long as short
BloFin SPCX-USDT	+0.0121%	8h	153.09	+0.086%	$1.9M	$1.4M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0180%	1h	153.00	+0.028%	$142.7M	$119.5M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0210%	8h	153.05	+0.060%	$39.3M	$168.7M	75x	as long as short
Variational Omni SPCX	+0.0226%	8h	153.02	+0.039%	$6.0M	$3.5M	—	as long as short
Binance SPCXUSDT	+0.0239%	8h	153.04	+0.054%	$252.6M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0240%	1h	152.99	+0.019%	$734K	$3.8M	10x	as long as short
Nado SPCX-PERPlong	+0.0241%	1h	152.96	long leg	$620K	$847K	20x
Bitget SPCXUSDT	+0.0267%	8h	153.06	+0.067%	$31.7M	$66.5M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.119%	$728K	$986K	10x	as long as short
Phoenix SPCXshort	+0.0314%	1h	153.06	+0.067%	$445K	$270K	15x
Aster SPCXUSD1	+0.0390%	8h	153.12	+0.106%	$19.0M	$18.0M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.09	+0.083%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0877%	4h	153.03	+0.050%	$1.7M	$894K	20x	as long as short