SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0159%/8h= +17.4% APRnext payment +$0.20 per $10,000 · paid last 24h +0.044%

Price spread now: Phoenix against Ondo Perps+0.112%48s7-day average +0.065% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.112%, 7d avg +0.065%

Together, before fees+0.037%+ Points / potential airdropOndo Perps: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.047% dearer against Ondo Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.065%. The two prices were read 48 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	Ondo Perps SPCX-USD.P	152.39	0.0050	pay 0.0006% / 1h	41m 56s	$3.2M	$2.2M	10x
Short	Phoenix SPCX	152.56	0.0210	get 0.0026% / 1h	41m 56s	$443K	$266K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Ondo Perps. 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 Ondo PerpsbpFee PhoenixbpOrdersPrice spread, now +0.112%Rate

Funding earned: $33.43
Price spread: +0.112% → +0.065%: $4.67
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $26.1
Costs to cover: 0.120%
Break-even: 1.5 days

Slippage unknown: Ondo Perps: no order-book sample; Phoenix: live order book, 65 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 65 min ago	0.33 bp	6.9 bp −$7	21.1 bp −$211	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	152.41	+0.010%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0017%	8h	152.57	+0.118%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.49	+0.066%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.46	+0.046%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.49	+0.066%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.216%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.57	+0.118%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.81	+0.276%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.54	+0.098%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.50	+0.074%	$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	152.42	+0.020%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.48	+0.059%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.48	+0.059%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.45	+0.039%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.46	+0.046%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.47	+0.052%	$531K	$383K	50x	as long as short
Ondo Perps SPCX-USD.Plong	+0.0050%	1h	152.39	long leg	$3.2M	$2.2M	10x
Polymarket Perps SPCX-USD	+0.0068%	1h	152.48	+0.059%	$487K	$1.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.53	+0.089%	$408K	$498K	20x	as long as short
Paradex SPCX-USD-PERP	+0.0077%	8h	152.52	+0.082%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0079%	1h	152.40	+0.007%	$130.0M	$129.1M	20x	as long as short
Variational Omni SPCX	+0.0084%	8h	152.58	+0.124%	$6.0M	$2.8M	—	as long as short
Lighter SPCX	+0.0088%	1h	152.44	+0.033%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.45	+0.039%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.42	+0.020%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	+0.039%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.48	+0.059%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0103%	8h	152.49	+0.066%	$250.7M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.46	+0.044%	$733K	$4.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.49	+0.063%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0115%	8h	152.50	+0.072%	$39.6M	$166.7M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.151%	$726K	$932K	10x	as long as short
Phoenix SPCXshort	+0.0210%	1h	152.56	+0.112%	$443K	$266K	15x
Nado SPCX-PERP	+0.0226%	1h	152.40	+0.009%	$627K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0257%	1h	152.50	+0.072%	$11K	$192K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0341%	1h	152.45	+0.039%	$89K	$1.3M	10x	as long as short
Aster SPCXUSD1	+0.0364%	8h	152.64	+0.164%	$18.9M	$26.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.328%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0976%	4h	152.55	+0.104%	$1.7M	$893K	20x	as long as short