SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.07 per $10,000 · paid last 24h −0.009%

Price spread now: Phoenix against Coinbase International−0.052%72s7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as 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−$300.301% of the position

Long on Coinbase International Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.225%−$22 on $10k

Price spread, last 3 days (all we have)+0.028%+$3 · spread now −0.052%, 7d avg +0.002%

Together, before fees−0.196%−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.054% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.002%). If the spread goes back, that is −$5 on $10k: about 3.1 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.225%, so the current rate has only just turned in your favour. The two prices were read 72 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	Coinbase International SPCX-PERP-INTX	152.71	0.0256	pay 0.0032% / 1h	45m 58s	$741K	$947K	10x
Short	Phoenix SPCX	152.63	0.0314	get 0.0039% / 1h	45m 58s	$445K	$196K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Coinbase International. 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 Coinbase InternationalbpFee PhoenixbpOrdersPrice spread, now −0.052%Rate

Funding earned: $12.25
Price spread: −0.052% → +0.002%: −$5.42
Slippage, 4 orders: −$13.14
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$23.31
Costs to cover: 0.301%
Break-even: 20.3 days

Slippage from Coinbase International: live order book, 37 min ago; Phoenix: live order book, 35 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 Coinbase International live order book, 37 min ago	3.60 bp	8.9 bp −$9	12.9 bp −$129	doesn't fit	doesn't fit
Sell Phoenix live order book, 35 min ago	0.33 bp	5.8 bp −$6	18.6 bp −$186	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 −0.0335% / S +0.0533%	1h	152.59	−0.075%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.63	−0.052%	$96.5M	$30.8M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.965%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.65	−0.039%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.79	+0.052%	$8K	$976K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.62	−0.059%	$1.3M	$1.7M	75x	as long as short
Bullet SPCX-USD	+0.0022%	1h	152.62	−0.059%	$12K	$189K	10x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.59	−0.078%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.57	−0.092%	$1.6M	$7.1M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	−0.092%	$2.4M	$7.5M	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	+2.973%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.68	−0.020%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.60	−0.072%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.61	−0.065%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	−0.059%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.157%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.61	−0.065%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	152.62	−0.059%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0084%	1h	152.59	−0.079%	$129.8M	$107.4M	20x	as long as short
BloFin SPCX-USDT	+0.0088%	8h	152.64	−0.046%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.53	−0.118%	$175K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.50	−0.138%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.56	−0.098%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.65	−0.039%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.64	−0.044%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0141%	8h	152.65	−0.039%	$30.7M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0183%	8h	152.66	−0.033%	$38.9M	$168.2M	75x	as long as short
Variational Omni SPCX	+0.0191%	8h	152.62	−0.058%	$6.1M	$3.9M	—	as long as short
Nado SPCX-PERP	+0.0206%	1h	152.55	−0.102%	$625K	$875K	20x	as long as short
Binance SPCXUSDT	+0.0206%	8h	152.64	−0.044%	$256.0M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.61	−0.066%	$715K	$3.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.62	−0.059%	$70K	$1.1M	10x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.56	−0.098%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0244%	8h	152.71	0.000%	$19.0M	$21.5M	20x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0256%	1h	152.71	long leg	$741K	$947K	10x
Phoenix SPCXshort	+0.0314%	1h	152.63	−0.052%	$445K	$196K	15x
Bitget SPCXUSDT	+0.0325%	8h	152.65	−0.039%	$31.0M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.69	−0.010%	$402K	$542K	20x	as long as short
edgeX SPCXUSDC	+0.0618%	4h	152.62	−0.058%	$1.7M	$893K	20x	as long as short