SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0082%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.036%

Price spread now: Phoenix against Extended−0.015%68s7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as 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−$180.181% of the position

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.015%, 7d avg +0.037%

Together, before fees+0.178%+ Points / potential airdropExtended: Active · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.052% cheaper against Extended than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.037%). If the spread goes back, that is −$5 on $10k: about 2.1 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.033% in total) that is about 11 days. The two prices were read 68 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	Extended SPCX-USD	152.42	0.0128	pay 0.0016% / 1h	22m 19s	$733K	$3.6M	10x
Short	Phoenix SPCX	152.40	0.0210	get 0.0026% / 1h	22m 19s	$443K	$266K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Extended. 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 ExtendedbpFee PhoenixbpOrdersPrice spread, now −0.015%Rate

Funding earned: $17.13
Price spread: −0.015% → +0.037%: −$5.2
Slippage, 4 orders: −$6.1
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$6.17
Costs to cover: 0.181%
Break-even: 9.5 days

Slippage from Extended: live order book, 1 min ago; Phoenix: live order book, 20 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 Extended live order book, 1 min ago	0.33 bp	2.8 bp −$3	5.5 bp −$55	doesn't fit	doesn't fit
Sell Phoenix live order book, 20 min ago	0.33 bp	6.1 bp −$6	19.7 bp −$197	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 −0.0187% / S +0.0435%	1h	152.34	−0.058%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.45	+0.017%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.43	+0.004%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.47	+0.031%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.187%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.028%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.72	+0.195%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.47	+0.031%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0004%	8h	152.44	+0.011%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.33	−0.062%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.38	−0.028%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.44	+0.011%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.34	−0.055%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.38	−0.028%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.43	+0.004%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.40	−0.015%	$530K	$379K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.23	−0.127%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.47	+0.030%	$393K	$505K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.28	−0.094%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.29	−0.088%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.29	−0.088%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.43	+0.004%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.44	+0.008%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0104%	8h	152.41	−0.010%	$5.9M	$2.8M	—	as long as short
tradeXYZ xyz:SPCX	+0.0110%	1h	152.34	−0.055%	$130.1M	$129.1M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0115%	8h	152.45	+0.020%	$101	—	5x	as long as short
Binance SPCXUSDT	+0.0127%	8h	152.46	+0.024%	$251.7M	$1.36B	75x	as long as short
Extended SPCX-USDlong	+0.0128%	1h	152.42	long leg	$733K	$3.6M	10x
OKX SPCX-USDT-SWAP	+0.0135%	8h	152.49	+0.044%	$39.5M	$166.7M	75x	as long as short
Lighter SPCX	+0.0136%	1h	152.40	−0.015%	$1.6M	$7.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0138%	1h	152.40	−0.015%	$487K	$1.2M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.042%	$732K	$938K	10x	as long as short
Phoenix SPCXshort	+0.0210%	1h	152.40	−0.015%	$443K	$266K	15x
Nado SPCX-PERP	+0.0260%	1h	152.31	−0.077%	$626K	$808K	20x	as long as short
edgeX SPCXUSDC	+0.0267%	4h	152.40	−0.017%	$1.7M	$891K	20x	as long as short
Bullet SPCX-USD	+0.0295%	1h	152.47	+0.027%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0393%	8h	152.57	+0.097%	$18.9M	$29.5M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0407%	1h	152.41	−0.009%	$89K	$1.3M	10x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.254%	$9K	$28K	5.5x	as long as short