Funding you earn now, next payment 08:00 UTC+0.0359%/8h= +39.3% APRnext payment +$3.59 per $10,000 · paid last 24h +0.017%
Price spread now: Aster against Phemex+0.043%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$400.404% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 3 days (all we have)+0.104%+$10 · spread now +0.043%, 7d avg +0.077%
=Together, before fees+0.217%+ Points / potential airdropAster: Stage 5 · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.034% cheaper against Phemex than usual: you would sell low and buy high (spread +0.043% now, against its 7-day average of +0.077%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.113% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.113% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SPCXUSDT | 153.07 | 0.0050 | pay 0.0050% / 8h | 6h 19m | $534K | $405K | 50x |
| Short | Aster SPCXUSD1 | 153.14 | 0.0409 | get 0.0409% / 8h | 6h 19m | $19.0M | $14.8M | 20x |
Phemex SPCXUSDT
Aster SPCXUSD1Funding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $75.35
- Price spread: +0.043% → +0.077%
- −$3.42
- Slippage, 4 orders
- −$20.38
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $31.54
- Costs to cover
- 0.404%
- Break-even
- 4.1 days
Slippage from Phemex: live order book, 48 min ago; Aster: live order book, 4 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 Phemex live order book, 48 min ago | 1.96 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 4 min ago | 0.33 bp | 5.1 bp −$5 | 11.0 bp −$110 | doesn't fit | doesn't fit |
SPCX on 38 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 −0.0345% / S +0.0540% | 1h | 153.04 | −0.016% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 153.06 | −0.007% | $96.0M | $31.3M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.52 | +12.710% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.98 | −0.059% | $302K | $3.1M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.32 | +0.163% | $8K | $946K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 153.16 | +0.059% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0024% | 1h | 152.97 | −0.067% | $8K | $8K | 10x | as long as short |
| edgeX SPCXUSDC | +0.0027% | 4h | 153.07 | 0.000% | $1.7M | $893K | 20x | as long as short |
| Lighter SPCX | +0.0032% | 1h | 153.04 | −0.020% | $1.6M | $7.2M | 20x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 153.01 | −0.039% | $2.5M | $7.3M | 20x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
edgeX SPCXUSDC
Lighter SPCX
Lighter RH SPCXShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SPCX/USDC PERP | +0.0033% | 1h | 153.32 | +0.163% | $9K | $27K | 5.5x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 153.01 | −0.039% | $105K | $297K | 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 | 153.05 | −0.013% | $1.2M | $6.7M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 153.03 | −0.026% | $501K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 153.06 | −0.007% | $1.7M | $91K | 20x | as long as short |
| Phemex SPCXUSDTlong | +0.0050% | 8h | 153.07 | long leg | $534K | $405K | 50x | |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.92 | −0.098% | $3.2M | $2.6M | 10x | as long as short |
| Bybit SPCXUSDT | +0.0086% | 8h | 153.11 | +0.026% | $30.8M | $43.0M | 100x | as long as short |
| Paradex SPCX-USD-PERP | +0.0089% | 8h | 153.10 | +0.022% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.97 | −0.065% | $169K | $133K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.99 | −0.052% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 153.14 | +0.046% | $58K | $272K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 153.10 | +0.020% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 153.09 | +0.015% | $89 | — | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0142% | 1h | 153.02 | −0.033% | $72K | $1.1M | 10x | as long as short |
| Bitget SPCXUSDT | +0.0145% | 8h | 153.12 | +0.033% | $31.9M | $66.2M | 75x | as long as short |
| Bullet SPCX-USD | +0.0171% | 1h | 153.09 | +0.012% | $11K | $189K | 10x | as long as short |
| tradeXYZ xyz:SPCX | +0.0181% | 1h | 153.05 | −0.013% | $142.4M | $119.1M | 20x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0197% | 8h | 153.11 | +0.026% | $39.4M | $169.0M | 75x | as long as short |
| Variational Omni SPCX | +0.0208% | 8h | 153.07 | −0.002% | $6.0M | $3.3M | — | as long as short |
| Binance SPCXUSDT | +0.0222% | 8h | 153.10 | +0.019% | $252.9M | $1.37B | 75x | as long as short |
| Extended SPCX-USD | +0.0224% | 1h | 153.05 | −0.014% | $736K | $3.8M | 10x | as long as short |
| Nado SPCX-PERP | +0.0244% | 1h | 152.98 | −0.056% | $622K | $838K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0288% | 1h | 152.97 | −0.065% | $738K | $983K | 10x | as long as short |
| Phoenix SPCX | +0.0314% | 1h | 153.08 | +0.007% | $445K | $270K | 15x | as long as short |
| Aster SPCXUSD1short | +0.0409% | 8h | 153.14 | +0.043% | $19.0M | $14.8M | 20x | |
| RISEx SPCX/USDC | +0.0410% | 1h | 153.13 | +0.036% | $408K | $539K | 20x | as long as short |
Injective SPCX/USDC PERP
Arcus SPCX-USD
Vest SPCX-USD-PERP
QFEX SPCX-USD
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Ondo Perps SPCX-USD.P
Bybit SPCXUSDT
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Deribit SPCX_USDC-PERPETUAL
Bitget SPCXUSDT
Bullet SPCX-USD
tradeXYZ xyz:SPCX
OKX SPCX-USDT-SWAP
Variational Omni SPCX
Binance SPCXUSDT
Extended SPCX-USD
Nado SPCX-PERP
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
RISEx SPCX/USDC