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: SunX against Phemex+0.190%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$940.944% of the position

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.190%, 7d avg +0.116%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.074% dearer against Phemex than usual: you sell high and buy low (spread +0.190% now, against its 7-day average of +0.116%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SPCXUSDT	152.94	0.0050	pay 0.0050% / 8h	5h 46m	$534K	$405K	50x
Short	SunX SPCX-USDT	153.23	0	get 0.0000% / 8h	5h 46m	$8K	$941K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.190%Rate

Funding earned: −$10.5
Price spread: +0.190% → +0.116%: $7.36
Slippage, 4 orders: −$74.42
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$97.56
Costs to cover: 0.944%
Break-even: never at this rate

Slippage from Phemex: live order book, 15 min ago; SunX: live order book, 56 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, 15 min ago	2.29 bp	14.5 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 56 min ago	21.88 bp	34.1 bp −$34	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 −0.0333% / S +0.0531%	1h	152.96	+0.010%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.95	+0.007%	$96.0M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.806%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.90	−0.026%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	153.23	+0.190%	$8K	$941K	10x
HTX SPCX-USDT	0.0000%	8h	153.01	+0.046%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.92	−0.013%	$72K	$1.2M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	+0.005%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.90	−0.026%	$2.5M	$7.2M	20x	as long as short
Bitget SPCXUSDT	+0.0035%	8h	153.00	+0.039%	$31.7M	$66.1M	75x	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	152.91	−0.020%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	+0.020%	—	$1.2M	10x	as long as short
Lighter SPCX	+0.0048%	1h	152.93	−0.007%	$1.6M	$7.2M	20x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.96	+0.013%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	0.000%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.95	+0.007%	$1.7M	$92K	20x	as long as short
Phemex SPCXUSDTlong	+0.0050%	8h	152.94	long leg	$534K	$405K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.065%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0056%	8h	152.97	+0.020%	$30.8M	$42.8M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0078%	8h	152.99	+0.031%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0081%	8h	152.97	+0.020%	—	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.86	−0.052%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−0.020%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.99	+0.033%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	+0.046%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	+0.016%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0165%	1h	152.97	+0.020%	$11K	$190K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0188%	8h	152.98	+0.026%	$39.4M	$167.9M	75x	as long as short
Variational Omni SPCX	+0.0193%	8h	152.98	+0.023%	$6.0M	$3.1M	—	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.00	+0.039%	$408K	$549K	20x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.93	−0.003%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0201%	8h	152.98	+0.024%	$252.6M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0216%	1h	152.95	+0.007%	$142.0M	$119.3M	20x	as long as short
Nado SPCX-PERP	+0.0221%	1h	152.91	−0.023%	$622K	$832K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	+0.046%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.97	+0.020%	$445K	$267K	15x	as long as short
edgeX SPCXUSDC	+0.0389%	4h	152.96	+0.013%	$1.7M	$893K	20x	as long as short
Aster SPCXUSD1	+0.0410%	8h	153.06	+0.080%	$19.0M	$15.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.222%	$9K	$27K	5.5x	as long as short