SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0135%/8h= −14.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.035%

Price spread now: Extended against Phoenix−0.006%88s7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$200.196% of the position

Long on Phoenix Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.155%−$16 · spread now −0.006%, 7d avg −0.037%

Together, before fees−0.186%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.031% dearer against Phoenix than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.037%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.031% in total) that is about 7.1 days. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SPCX	152.52	0.0263	pay 0.0033% / 1h	47m 51s	$443K	$266K	15x
Short	Extended SPCX-USD	152.51	0.0128	get 0.0016% / 1h	47m 51s	$731K	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$28.25
Price spread: −0.006% → −0.037%: $3.08
Slippage, 4 orders: −$7.56
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$44.72
Costs to cover: 0.196%
Break-even: never at this rate

Slippage from Phoenix: live order book, 64 min ago; Extended: live order book, 6 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, 64 min ago	0.33 bp	7.5 bp −$8	23.4 bp −$234	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	0.98 bp	3.5 bp −$3	6.2 bp −$62	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 −0.0224% / S +0.0463%	1h	152.44	−0.049%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.56	+0.026%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.54	+0.013%	$96.3M	$31.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.59	+0.046%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.119%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.63	+0.072%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.78	+0.170%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.63	+0.072%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0011%	8h	152.56	+0.026%	$1.9M	$1.2M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.54	+0.013%	$87K	$1.2M	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	+0.0024%	1h	152.44	−0.052%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.50	−0.013%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.47	−0.033%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.47	−0.033%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.53	+0.007%	$1.2M	$5.6M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.57	+0.033%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.47	−0.033%	$131.0M	$128.5M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.52	0.000%	$490K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.53	+0.007%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.56	+0.026%	$531K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.40	−0.079%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	152.57	+0.035%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.45	−0.046%	$169K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.42	−0.066%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.60	+0.052%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.55	+0.020%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.56	+0.024%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0124%	8h	152.56	+0.025%	$6.0M	$2.9M	—	as long as short
Extended SPCX-USDshort	+0.0128%	1h	152.51	−0.006%	$731K	$4.6M	10x
Nado SPCX-PERP	+0.0128%	1h	152.46	−0.038%	$614K	$804K	20x	as long as short
Binance SPCXUSDT	+0.0130%	8h	152.57	+0.030%	$250.7M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0140%	8h	152.58	+0.039%	$39.4M	$166.5M	75x	as long as short
Bullet SPCX-USD	+0.0199%	1h	152.57	+0.033%	$12K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.60	+0.056%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.052%	$739K	$931K	10x	as long as short
edgeX SPCXUSDC	+0.0251%	4h	152.54	+0.011%	$1.7M	$892K	20x	as long as short
Phoenix SPCXlong	+0.0263%	1h	152.52	long leg	$443K	$266K	15x
Aster SPCXUSD1	+0.0394%	8h	152.59	+0.048%	$18.9M	$24.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.67	+0.098%	$9K	$28K	5.5x	as long as short