SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0351%/8h= −38.4% APRnext payment −$3.51 per $10,000 · paid last 24h −0.055%

Price spread now: Phemex against Aster−0.128%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.141%−$14 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.128%, 7d avg −0.077%

Together, before fees−0.213%+ Points / potential airdropAster: Stage 5 · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Phemex is 0.051% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.077%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.141% in total (about -7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.51 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPCXUSD1	152.87	0.0401	pay 0.0401% / 8h	5h 47m	$19.0M	$30.6M	20x
Short	Phemex SPCXUSDT	152.67	0.0050	get 0.0050% / 8h	5h 47m	$534K	$368K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now −0.128%Rate

Funding earned: −$73.71
Price spread: −0.128% → −0.077%: −$5.09
Slippage, 4 orders: −$26.33
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$125.13
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Phemex: live order book, 62 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 Aster live order book, 4 min ago	0.65 bp	4.7 bp −$5	4.7 bp −$47	320.0 bp −$32.0K	doesn't fit
Sell Phemex live order book, 62 min ago	0.66 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit

SPCX on 38 exchanges

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	152.63	−0.151%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0058%	8h	152.71	−0.102%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.70	−0.108%	$30.1M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.68	−0.121%	$96.3M	$32.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.72	−0.095%	$31.0M	$67.0M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.72	−0.095%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.94	+0.049%	$8K	$817K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.62	−0.160%	$44K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.80	−0.043%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.66	−0.133%	$7K	$7K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0030%	1h	152.64	−0.147%	$1.2M	$5.4M	10x	as long as short
Variational Omni SPCX	+0.0032%	8h	152.70	−0.111%	$5.9M	$2.7M	—	as long as short
Lighter SPCX	+0.0032%	1h	152.62	−0.160%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.60	−0.174%	$2.5M	$7.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	−0.056%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.60	−0.174%	$103K	$294K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.69	−0.115%	—	$1.2M	10x	as long as short
Bullet SPCX-USD	+0.0048%	1h	152.72	−0.095%	$11K	$191K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.60	−0.174%	$128.3M	$129.7M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.67	−0.128%	$1.7M	$101K	20x	as long as short
Phemex SPCXUSDTshort	+0.0050%	8h	152.67	−0.128%	$534K	$368K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.59	−0.180%	$3.0M	$2.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0050%	8h	152.65	−0.140%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0051%	1h	152.74	−0.082%	$351K	$510K	20x	as long as short
Binance SPCXUSDT	+0.0062%	8h	152.71	−0.104%	$251.8M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0064%	1h	152.65	−0.140%	$724K	$5.3M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0086%	8h	152.74	−0.082%	$39.5M	$168.5M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0089%	1h	152.72	−0.095%	$488K	$1.1M	10x	as long as short
Nado SPCX-PERP	+0.0094%	1h	152.67	−0.131%	$633K	$806K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.60	−0.174%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.64	−0.147%	$13.0M	$6.2M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.75	−0.075%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.73	−0.089%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.67	−0.127%	$89	—	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0136%	1h	152.70	−0.108%	$735K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.68	−0.121%	$448K	$271K	15x	as long as short
Aster SPCXUSD1long	+0.0401%	8h	152.87	long leg	$19.0M	$30.6M	20x
edgeX SPCXUSDC	+0.0436%	4h	152.70	−0.110%	$1.7M	$890K	20x	as long as short