Funding you earn now, next payment 00:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.007%
Price spread now: RISEx against Phoenix−0.009%50s7-day average +0.035% · 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−$210.206% of the position
Funding, last 3 days (all we have)+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)−0.083%−$8 · spread now −0.009%, 7d avg +0.035%
=Funding pays, the price is against you. RISEx is 0.044% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.009% now, against its 7-day average of +0.035%). If the spread goes back, that is −$4 on $10k: about 37 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.013% in total) that is about 11 days. The two prices were read 50 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 | 153.09 | 0.0314 | pay 0.0039% / 1h | 22m 32s | $445K | $271K | 15x |
| Short | RISEx SPCX/USDC | 153.08 | 0.0409 | get 0.0051% / 1h | 22m 32s | $401K | $535K | 20x |
Phoenix SPCX
RISEx SPCX/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $19.91
- Price spread: −0.009% → +0.035%
- −$4.36
- Slippage, 4 orders
- −$7.55
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$5
- Costs to cover
- 0.206%
- Break-even
- 8.8 days
Slippage from Phoenix: live order book, 49 min ago; RISEx: live order book, 51 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, 49 min ago | 0.33 bp | 7.5 bp −$8 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 51 min ago | 0.98 bp | 4.0 bp −$4 | 5.7 bp −$57 | 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 −0.0317% / S +0.0520% | 1h | 153.00 | −0.056% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 153.03 | −0.039% | $96.4M | $31.3M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.52 | +12.691% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.93 | −0.105% | $302K | $3.1M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.29 | +0.131% | $8K | $956K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 153.09 | 0.000% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0028% | 1h | 153.01 | −0.054% | $8K | $8K | 10x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.97 | −0.078% | $2.5M | $7.4M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0033% | 1h | 157.25 | +2.717% | $9K | $27K | 5.5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 153.05 | −0.026% | — | $1.2M | 10x | 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
Lighter RH SPCX
Injective SPCX/USDC PERP
Vest SPCX-USD-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPCX | +0.0048% | 1h | 153.00 | −0.059% | $1.6M | $7.4M | 20x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 153.02 | −0.046% | $489K | $1.1M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 153.02 | −0.046% | $1.7M | $86K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 153.04 | −0.033% | $533K | $414K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.94 | −0.098% | $3.2M | $2.6M | 10x | as long as short |
| QFEX SPCX-USD | +0.0063% | 1h | 153.03 | −0.039% | $1.2M | $7.3M | 10x | as long as short |
| edgeX SPCXUSDC | +0.0075% | 4h | 153.07 | −0.016% | $1.7M | $892K | 20x | as long as short |
| Paradex SPCX-USD-PERP | +0.0097% | 8h | 153.06 | −0.021% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.93 | −0.105% | $173K | $129K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.95 | −0.091% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 153.01 | −0.052% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 153.06 | −0.020% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 153.05 | −0.026% | $89 | — | 10x | as long as short |
| BloFin SPCX-USDT | +0.0113% | 8h | 153.05 | −0.026% | $1.9M | $1.4M | 75x | as long as short |
| Bybit SPCXUSDT | +0.0150% | 8h | 153.06 | −0.020% | $30.9M | $42.8M | 100x | as long as short |
| Arcus SPCX-USD | +0.0194% | 1h | 153.00 | −0.059% | $105K | $297K | 5x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0208% | 1h | 153.00 | −0.059% | $72K | $1.1M | 10x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0212% | 8h | 153.07 | −0.013% | $39.2M | $169.1M | 75x | as long as short |
| Variational Omni SPCX | +0.0216% | 8h | 153.07 | −0.013% | $6.0M | $3.5M | — | as long as short |
| Nado SPCX-PERP | +0.0229% | 1h | 152.95 | −0.092% | $620K | $857K | 20x | as long as short |
| tradeXYZ xyz:SPCX | +0.0232% | 1h | 153.00 | −0.059% | $143.1M | $119.3M | 20x | as long as short |
| Extended SPCX-USD | +0.0232% | 1h | 153.01 | −0.053% | $734K | $4.0M | 10x | as long as short |
| Binance SPCXUSDT | +0.0234% | 8h | 153.05 | −0.023% | $253.1M | $1.38B | 75x | as long as short |
| Bullet SPCX-USD | +0.0239% | 1h | 153.06 | −0.018% | $11K | $189K | 10x | as long as short |
| Bitget SPCXUSDT | +0.0313% | 8h | 153.08 | −0.007% | $31.3M | $66.4M | 75x | as long as short |
| Phoenix SPCXlong | +0.0314% | 1h | 153.09 | long leg | $445K | $271K | 15x | |
| Coinbase International SPCX-PERP-INTX | +0.0328% | 1h | 153.01 | −0.052% | $731K | $977K | 10x | as long as short |
| Aster SPCXUSD1 | +0.0367% | 8h | 153.10 | +0.004% | $19.0M | $18.2M | 20x | as long as short |
| RISEx SPCX/USDCshort | +0.0409% | 1h | 153.08 | −0.009% | $401K | $535K | 20x |
Lighter SPCX
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
QFEX SPCX-USD
edgeX SPCXUSDC
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
BloFin SPCX-USDT
Bybit SPCXUSDT
Arcus SPCX-USD
Deribit SPCX_USDC-PERPETUAL
OKX SPCX-USDT-SWAP
Variational Omni SPCX
Nado SPCX-PERP
tradeXYZ xyz:SPCX
Extended SPCX-USD
Binance SPCXUSDT
Bullet SPCX-USD
Bitget SPCXUSDT
Coinbase International SPCX-PERP-INTX
Aster SPCXUSD1