SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0222%/8h= −24.3% APRnext payment −$0.28 per $10,000 · paid last 24h −0.028%

Price spread now: Arcus against Phoenix−0.079%7-day average −0.067% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Phoenix Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now −0.079%, 7d avg −0.067%

Together, before fees−0.173%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.031% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SPCX	152.77	0.0263	pay 0.0033% / 1h	3m 07s	$444K	$266K	15x
Short	Arcus SPCX-USD	152.65	0.0040	get 0.0005% / 1h	3m 07s	$105K	$297K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Phoenix. 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 PhoenixbpFee ArcusbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$46.67
Price spread: −0.079% → −0.067%: −$1.11
Slippage, 4 orders: −$22.56
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$81.84
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from Phoenix: live order book, 44 min ago; Arcus: live order book, 45 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 Phoenix live order book, 44 min ago	0.33 bp	5.6 bp −$6	18.0 bp −$180	doesn't fit	doesn't fit
Sell Arcus live order book, 45 min ago	6.89 bp	10.8 bp −$11	14.4 bp −$144	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	152.68	−0.062%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0026%	8h	152.68	−0.059%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.76	−0.007%	$30.7M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.74	−0.020%	$96.3M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.79	+0.013%	$31.2M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.936%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.75	−0.013%	$301K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.94	+0.111%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.81	+0.026%	$1.3M	$1.8M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.69	−0.052%	$88K	$1.3M	10x	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	−0.080%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.70	−0.046%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.68	−0.059%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USDshort	+0.0040%	1h	152.65	−0.079%	$105K	$297K	5x
QFEX SPCX-USD	+0.0043%	1h	152.69	−0.052%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.75	−0.013%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.67	−0.065%	$130.3M	$129.0M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.69	−0.052%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.73	−0.026%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.77	0.000%	$531K	$384K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.59	−0.118%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.73	−0.026%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0081%	8h	152.73	−0.027%	$6.0M	$2.8M	—	as long as short
Nado SPCX-PERP	+0.0094%	1h	152.67	−0.063%	$613K	$801K	20x	as long as short
Binance SPCXUSDT	+0.0094%	8h	152.76	−0.005%	$250.1M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.70	−0.046%	$731K	$4.6M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.66	−0.072%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.62	−0.098%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.66	−0.072%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.74	−0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.72	−0.031%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0109%	8h	152.77	0.000%	$39.6M	$167.0M	75x	as long as short
Bullet SPCX-USD	+0.0119%	1h	152.75	−0.013%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.77	0.000%	$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 SPCXlong	+0.0263%	1h	152.77	long leg	$444K	$266K	15x
Aster SPCXUSD1	+0.0350%	8h	152.77	+0.003%	$18.9M	$24.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.00	+0.151%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0757%	4h	152.72	−0.035%	$1.7M	$892K	20x	as long as short