Funding you earn now, next payment 22:00 UTC−0.0105%/8h= −11.5% APRnext payment −$0.13 per $10,000 · paid last 24h +0.007%
Price spread now: Deribit against Phoenix−0.007%70s7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$320.325% of the position
Funding, last 5 days (all we have)+0.033%+$3 on $10k
+Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.007%, 7d avg −0.003%
=The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 70 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 | Phoenix SPCX | 152.63 | 0.0314 | pay 0.0039% / 1h | 45m 32s | $445K | $196K | 15x |
| Short | Deribit SPCX_USDC-PERPETUAL | 152.62 | 0.0209 | get 0.0026% / 1h | 45m 32s | $70K | $1.1M | 10x |
Phoenix SPCX
Deribit SPCX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Phoenix. 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
- −$22.15
- Price spread: −0.007% → −0.003%
- −$0.37
- Slippage, 4 orders
- −$18.49
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$55.01
- Costs to cover
- 0.325%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 35 min ago; Deribit: live order book, 3 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 Phoenix live order book, 35 min ago | 0.33 bp | 6.6 bp −$7 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 3 min ago | 5.90 bp | 10.0 bp −$10 | 14.2 bp −$142 | 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 | −0.023% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.65 | +0.013% | $96.5M | $30.8M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.51 | +13.025% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.65 | +0.013% | $302K | $3.1M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 152.79 | +0.105% | $8K | $976K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.62 | −0.007% | $1.3M | $1.7M | 75x | as long as short |
| Bullet SPCX-USD | +0.0022% | 1h | 152.62 | −0.007% | $12K | $189K | 10x | as long as short |
| Aftermath Perps SPCXUSD | +0.0024% | 1h | 152.59 | −0.026% | $7K | $10K | 10x | as long as short |
| Lighter SPCX | +0.0032% | 1h | 152.58 | −0.033% | $1.6M | $7.1M | 20x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.57 | −0.039% | $2.4M | $7.5M | 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
Bullet SPCX-USD
Aftermath Perps SPCXUSD
Lighter SPCX
Lighter RH SPCXShow 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 | +3.027% | $9K | $27K | 5.5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.67 | +0.026% | — | $1.1M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.61 | −0.013% | $489K | $1.1M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.61 | −0.013% | $1.7M | $79K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.62 | −0.007% | $539K | $404K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.45 | −0.118% | $3.2M | $2.6M | 10x | as long as short |
| QFEX SPCX-USD | +0.0066% | 1h | 152.62 | −0.007% | $1.2M | $7.6M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0078% | 8h | 152.63 | 0.000% | $101 | — | 5x | as long as short |
| tradeXYZ xyz:SPCX | +0.0084% | 1h | 152.61 | −0.013% | $129.8M | $107.4M | 20x | as long as short |
| BloFin SPCX-USDT | +0.0088% | 8h | 152.64 | +0.007% | $1.9M | $1.4M | 75x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.54 | −0.059% | $175K | $130K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.51 | −0.079% | $13.0M | $5.4M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.65 | +0.013% | $58K | $270K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.65 | +0.013% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.64 | +0.008% | $89 | — | 10x | as long as short |
| Bybit SPCXUSDT | +0.0141% | 8h | 152.67 | +0.026% | $30.7M | $42.3M | 100x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0183% | 8h | 152.65 | +0.013% | $38.9M | $168.4M | 75x | as long as short |
| Variational Omni SPCX | +0.0191% | 8h | 152.62 | −0.005% | $6.1M | $3.9M | — | as long as short |
| Binance SPCXUSDT | +0.0206% | 8h | 152.66 | +0.018% | $256.0M | $1.38B | 75x | as long as short |
| Nado SPCX-PERP | +0.0206% | 1h | 152.56 | −0.048% | $625K | $875K | 20x | as long as short |
| Extended SPCX-USD | +0.0208% | 1h | 152.62 | −0.007% | $715K | $3.6M | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUALshort | +0.0209% | 1h | 152.62 | −0.007% | $70K | $1.1M | 10x | |
| Arcus SPCX-USD | +0.0227% | 1h | 152.58 | −0.033% | $106K | $296K | 5x | as long as short |
| Aster SPCXUSD1 | +0.0244% | 8h | 152.71 | +0.053% | $19.0M | $21.6M | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0256% | 1h | 152.71 | +0.052% | $741K | $947K | 10x | as long as short |
| Phoenix SPCXlong | +0.0314% | 1h | 152.63 | long leg | $445K | $196K | 15x | |
| Bitget SPCXUSDT | +0.0324% | 8h | 152.68 | +0.033% | $31.0M | $66.5M | 75x | as long as short |
| edgeX SPCXUSDC | +0.0536% | 4h | 152.61 | −0.010% | $1.7M | $894K | 20x | as long as short |
| RISEx SPCX/USDC | +0.0543% | 1h | 152.70 | +0.049% | $402K | $542K | 20x | as long as short |
Injective SPCX/USDC PERP
Vest SPCX-USD-PERP
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
QFEX SPCX-USD
Paradex SPCX-USD-PERP
tradeXYZ xyz:SPCX
BloFin SPCX-USDT
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Bybit SPCXUSDT
OKX SPCX-USDT-SWAP
Variational Omni SPCX
Binance SPCXUSDT
Nado SPCX-PERP
Extended SPCX-USD
Arcus SPCX-USD
Aster SPCXUSD1
Coinbase International SPCX-PERP-INTX
Bitget SPCXUSDT
edgeX SPCXUSDC
RISEx SPCX/USDC