SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.023%

Price spread now: Bullet against Phoenix+0.029%7-day average +0.003% · 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−$21as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Phoenix Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.029%, 7d avg +0.003%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bullet is 0.026% dearer against Phoenix than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of +0.003%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SPCX	153.03	0.0262	pay 0.0033% / 1h	3m 30s	$445K	$267K	15x
Short	Bullet SPCX-USD	153.07	0.0168	get 0.0021% / 1h	3m 30s	$11K	$191K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$19.71
Price spread: +0.029% → +0.003%: $2.62
Slippage, 4 orders: −$8.93
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$41.02
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from Phoenix: live order book, 59 min ago; Bullet: live order book, 60 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, 59 min ago	0.33 bp	7.8 bp −$8	24.0 bp −$240	doesn't fit	doesn't fit
Sell Bullet live order book, 60 min ago	0.65 bp	5.7 bp −$6	19.9 bp −$199	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	153.03	−0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.03	0.000%	$96.2M	$31.4M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.06	+0.020%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.738%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	−0.052%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.24	+0.137%	$8K	$936K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.10	+0.046%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0016%	8h	153.06	+0.020%	$30.8M	$42.9M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.98	−0.034%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.95	−0.052%	$2.5M	$7.2M	20x	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	152.96	−0.046%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.06	+0.020%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.02	−0.007%	$1.2M	$6.4M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.02	−0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	−0.013%	$1.7M	$94K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	−0.020%	$532K	$400K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.88	−0.098%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0060%	8h	153.03	0.000%	$1.9M	$1.4M	75x	as long as short
Lighter SPCX	+0.0064%	1h	153.00	−0.020%	$1.6M	$7.2M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0074%	8h	153.04	+0.006%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.94	−0.059%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.95	−0.052%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.065%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.04	+0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.02	−0.005%	$89	—	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	152.99	−0.026%	$73K	$1.2M	10x	as long as short
Variational Omni SPCX	+0.0167%	8h	153.01	−0.016%	$6.0M	$3.1M	—	as long as short
Bullet SPCX-USDshort	+0.0168%	1h	153.07	+0.029%	$11K	$191K	10x
OKX SPCX-USDT-SWAP	+0.0172%	8h	153.08	+0.033%	$39.5M	$167.1M	75x	as long as short
Extended SPCX-USD	+0.0176%	1h	153.00	−0.019%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0178%	8h	153.07	+0.025%	$252.6M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0185%	1h	153.02	−0.007%	$142.0M	$118.9M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.09	+0.037%	$410K	$532K	20x	as long as short
Nado SPCX-PERP	+0.0218%	1h	152.97	−0.040%	$617K	$826K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	+0.007%	$738K	$979K	10x	as long as short
Phoenix SPCXlong	+0.0262%	1h	153.03	long leg	$445K	$267K	15x
Aster SPCXUSD1	+0.0414%	8h	153.12	+0.059%	$19.0M	$17.6M	20x	as long as short
edgeX SPCXUSDC	+0.0427%	4h	153.00	−0.016%	$1.7M	$893K	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.163%	$9K	$27K	5.5x	as long as short