Funding you earn now, next payment 08:00 UTC−0.0162%/8h= −17.7% APRnext payment −$1.62 per $10,000 · paid last 24h −0.005%
Price spread now: Phemex against OKX−0.020%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$380.382% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 3 days (all we have)−0.022%−$2 · spread now −0.020%, 7d avg −0.062%
=The price spread pays, funding is against you. Phemex is 0.042% dearer against OKX than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.062%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.063% in total) that is about 4.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SPCX-USDT-SWAP | 153.07 | 0.0212 | pay 0.0212% / 8h | 7h 22m | $39.2M | $169.1M | 75x |
| Short | Phemex SPCXUSDT | 153.04 | 0.0050 | get 0.0050% / 8h | 7h 22m | $534K | $408K | 50x |
OKX SPCX-USDT-SWAP
Phemex SPCXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$33.96
- Price spread: −0.020% → −0.062%
- $4.2
- Slippage, 4 orders
- −$16.24
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$67.99
- Costs to cover
- 0.382%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Phemex: live order book, 50 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 OKX live order book, 2 min ago | 0.33 bp | 5.3 bp −$5 | 6.3 bp −$63 | 15.4 bp −$1,541 | doesn't fit |
| Sell Phemex live order book, 50 min ago | 0.65 bp | 13.3 bp −$13 | 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 −0.0317% / S +0.0520% | 1h | 153.01 | −0.036% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 153.03 | −0.026% | $96.4M | $31.3M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.52 | +12.706% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.93 | −0.091% | $302K | $3.1M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.29 | +0.144% | $8K | $956K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 153.09 | +0.013% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0028% | 1h | 153.01 | −0.040% | $8K | $8K | 10x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.99 | −0.052% | $2.5M | $7.4M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0033% | 1h | 157.25 | +2.731% | $9K | $27K | 5.5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 153.05 | −0.013% | — | $1.2M | 10x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Lighter RH SPCX
Injective SPCX/USDC PERP
Vest SPCX-USD-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPCX | +0.0048% | 1h | 153.00 | −0.046% | $1.6M | $7.4M | 20x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 153.02 | −0.033% | $489K | $1.1M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 153.03 | −0.026% | $1.7M | $86K | 20x | as long as short |
| Phemex SPCXUSDTshort | +0.0050% | 8h | 153.04 | −0.020% | $534K | $408K | 50x | |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.94 | −0.085% | $3.2M | $2.6M | 10x | as long as short |
| QFEX SPCX-USD | +0.0063% | 1h | 153.03 | −0.026% | $1.2M | $7.3M | 10x | as long as short |
| edgeX SPCXUSDC | +0.0075% | 4h | 153.07 | −0.003% | $1.7M | $892K | 20x | as long as short |
| Paradex SPCX-USD-PERP | +0.0097% | 8h | 153.06 | −0.008% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.93 | −0.091% | $173K | $129K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.95 | −0.078% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 153.01 | −0.039% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 153.06 | −0.007% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 153.06 | −0.009% | $89 | — | 10x | as long as short |
| BloFin SPCX-USDT | +0.0113% | 8h | 153.05 | −0.013% | $1.9M | $1.4M | 75x | as long as short |
| Bybit SPCXUSDT | +0.0150% | 8h | 153.06 | −0.007% | $30.9M | $42.8M | 100x | as long as short |
| Arcus SPCX-USD | +0.0194% | 1h | 153.00 | −0.046% | $105K | $297K | 5x | as long as short |
| OKX SPCX-USDT-SWAPlong | +0.0212% | 8h | 153.07 | long leg | $39.2M | $169.1M | 75x | |
| Variational Omni SPCX | +0.0216% | 8h | 153.07 | 0.000% | $6.0M | $3.5M | — | as long as short |
| Nado SPCX-PERP | +0.0230% | 1h | 152.94 | −0.083% | $620K | $857K | 20x | as long as short |
| tradeXYZ xyz:SPCX | +0.0231% | 1h | 153.00 | −0.046% | $143.1M | $119.3M | 20x | as long as short |
| Extended SPCX-USD | +0.0232% | 1h | 153.02 | −0.033% | $734K | $4.0M | 10x | as long as short |
| Binance SPCXUSDT | +0.0234% | 8h | 153.06 | −0.007% | $253.1M | $1.38B | 75x | as long as short |
| Bullet SPCX-USD | +0.0237% | 1h | 153.07 | −0.002% | $11K | $189K | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0273% | 1h | 153.01 | −0.039% | $72K | $1.1M | 10x | as long as short |
| Bitget SPCXUSDT | +0.0313% | 8h | 153.09 | +0.013% | $31.3M | $66.4M | 75x | as long as short |
| Phoenix SPCX | +0.0314% | 1h | 153.09 | +0.013% | $445K | $271K | 15x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0328% | 1h | 153.01 | −0.039% | $731K | $977K | 10x | as long as short |
| Aster SPCXUSD1 | +0.0367% | 8h | 153.10 | +0.018% | $19.0M | $18.3M | 20x | as long as short |
| RISEx SPCX/USDC | +0.0409% | 1h | 153.08 | +0.004% | $401K | $535K | 20x | as long as short |
Lighter SPCX
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Ondo Perps SPCX-USD.P
QFEX SPCX-USD
edgeX SPCXUSDC
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
BloFin SPCX-USDT
Bybit SPCXUSDT
Arcus SPCX-USD
Variational Omni SPCX
Nado SPCX-PERP
tradeXYZ xyz:SPCX
Extended SPCX-USD
Binance SPCXUSDT
Bullet SPCX-USD
Deribit SPCX_USDC-PERPETUAL
Bitget SPCXUSDT
Phoenix SPCX
Coinbase International SPCX-PERP-INTX
Aster SPCXUSD1
RISEx SPCX/USDC