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 +0.023%

Price spread now: Bitget against Phemex+0.020%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.020%, 7d avg +0.069%

Together, before fees+0.172%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.049% cheaper against Phemex than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.069%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.121%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SPCXUSDT	152.39	0.0050	pay 0.0050% / 8h	1h 18m	$530K	$379K	50x
Short	Bitget SPCXUSDT	152.42	0	get 0.0000% / 8h	1h 18m	$31.2M	$66.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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 PhemexbpFee BitgetbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$10.5
Price spread: +0.020% → +0.069%: −$4.92
Slippage, 4 orders: −$19.57
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$58.99
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from Phemex: live order book, 24 min ago; Bitget: live order book, 5 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 Phemex live order book, 24 min ago	0.33 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.33 bp	6.4 bp −$6	7.9 bp −$79	21.2 bp −$2,122	31.5 bp −$15.7K

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	152.31	−0.056%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.38	−0.007%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDTshort	0.0000%	8h	152.42	+0.020%	$31.2M	$66.1M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.212%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.007%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.210%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.47	+0.052%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0001%	8h	152.40	+0.007%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0011%	8h	152.41	+0.013%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.34	−0.031%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.30	−0.059%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.39	0.000%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.33	−0.039%	$103K	$300K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.32	−0.046%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	−0.013%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDTlong	+0.0050%	8h	152.39	long leg	$530K	$379K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.31	−0.052%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.43	+0.026%	$393K	$505K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.28	−0.072%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.26	−0.085%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	−0.013%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.41	+0.013%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.39	0.000%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0112%	8h	152.42	+0.019%	$5.9M	$2.8M	—	as long as short
tradeXYZ xyz:SPCX	+0.0114%	1h	152.31	−0.052%	$130.1M	$129.1M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0123%	8h	152.42	+0.017%	$101	—	5x	as long as short
Extended SPCX-USD	+0.0128%	1h	152.37	−0.012%	$725K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0133%	8h	152.41	+0.013%	$251.7M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0139%	8h	152.43	+0.026%	$39.5M	$166.7M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0139%	1h	152.35	−0.026%	$487K	$1.2M	10x	as long as short
Lighter SPCX	+0.0144%	1h	152.32	−0.046%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.020%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.44	+0.033%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0262%	1h	152.24	−0.099%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0297%	1h	152.40	+0.007%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0398%	8h	152.53	+0.092%	$18.9M	$29.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.276%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0604%	1h	152.35	−0.026%	$90K	$1.3M	10x	as long as short
edgeX SPCXUSDC	+0.0608%	4h	152.42	+0.017%	$1.7M	$892K	20x	as long as short