SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0174%/8h= +19.0% APRnext payment +$0.22 per $10,000 · paid last 24h +0.028%

Price spread now: Phoenix against tradeXYZ+0.020%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on tradeXYZ Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 3 days (all we have)+0.118%+$12 · spread now +0.020%, 7d avg +0.068%

Together, before fees+0.225%+ Points / potential airdroptradeXYZ: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.049% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.068%). If the spread goes back, that is −$5 on $10k: about 23 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.107% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SPCX	153.03	0.0140	pay 0.0018% / 1h	59m 05s	$142.8M	$119.5M	20x
Short	Phoenix SPCX	153.06	0.0314	get 0.0039% / 1h	59m 05s	$445K	$270K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against tradeXYZ. 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 tradeXYZbpFee PhoenixbpOrdersPrice spread, now +0.020%Rate

Funding earned: $36.44
Price spread: +0.020% → +0.068%: −$4.88
Slippage, 4 orders: −$6.85
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$0.3
Costs to cover: 0.319%
Break-even: 7.1 days

Slippage from tradeXYZ: live order book, 11 min ago; Phoenix: live order book, 8 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 tradeXYZ live order book, 11 min ago	0.33 bp	10.0 bp −$10	11.3 bp −$113	doesn't fit	doesn't fit
Sell Phoenix live order book, 8 min ago	0.33 bp	5.5 bp −$6	17.1 bp −$171	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 −0.0332% / S +0.0531%	1h	153.03	−0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.03	0.000%	$96.3M	$31.1M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.739%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.059%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.203%	$8K	$950K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.03	0.000%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.99	−0.026%	$72K	$1.1M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	153.01	−0.011%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.01	−0.013%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.99	−0.026%	$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
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.758%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.05	+0.013%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.02	−0.007%	$1.2M	$7.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.03	0.000%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.03	0.000%	$1.7M	$87K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.06	+0.020%	$534K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.072%	$3.2M	$2.6M	10x	as long as short
Bullet SPCX-USD	+0.0076%	1h	153.06	+0.019%	$11K	$189K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0088%	8h	153.05	+0.015%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.95	−0.052%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.95	−0.052%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.94	−0.059%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.09	+0.039%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	+0.012%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0118%	8h	153.06	+0.020%	$30.9M	$42.8M	100x	as long as short
BloFin SPCX-USDT	+0.0121%	8h	153.09	+0.039%	$1.9M	$1.4M	75x	as long as short
tradeXYZ xyz:SPCXlong	+0.0140%	1h	153.03	long leg	$142.8M	$119.5M	20x
Arcus SPCX-USD	+0.0194%	1h	153.00	−0.020%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0212%	8h	153.06	+0.020%	$39.3M	$168.7M	75x	as long as short
Variational Omni SPCX	+0.0226%	8h	153.02	−0.008%	$6.0M	$3.5M	—	as long as short
Nado SPCX-PERP	+0.0233%	1h	152.97	−0.041%	$620K	$849K	20x	as long as short
Extended SPCX-USD	+0.0240%	1h	153.02	−0.005%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0241%	8h	153.07	+0.026%	$252.7M	$1.37B	75x	as long as short
Bitget SPCXUSDT	+0.0274%	8h	153.08	+0.033%	$31.7M	$66.5M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.072%	$728K	$986K	10x	as long as short
Phoenix SPCXshort	+0.0314%	1h	153.06	+0.020%	$445K	$270K	15x
Aster SPCXUSD1	+0.0390%	8h	153.14	+0.074%	$19.0M	$18.0M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.09	+0.042%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0877%	4h	153.03	+0.003%	$1.7M	$894K	20x	as long as short