Funding you earn now, next payment 04:00 UTC−0.0261%/8h= −28.6% APRnext payment −$0.33 per $10,000 · paid last 24h −0.054%
Price spread now: StandX against Phoenix+0.039%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 4 days (all we have)−0.005%$0 · spread now +0.039%, 7d avg +0.004%
=Together, before fees−0.091%+ Points / potential airdropStandX: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. StandX is 0.036% dearer against Phoenix than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of +0.004%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.086% in total) that is about 2.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.33 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 | Phoenix SPCX | 152.37 | 0.0261 | pay 0.0033% / 1h | 17m 19s | $443K | $264K | 15x |
| Short | StandX SPCX-USD | 152.43 | 0 | get 0.0000% / 1h | 17m 19s | $300K | $2.9M | 20x |
Phoenix SPCX
StandX SPCX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- −$54.9
- Price spread: +0.039% → +0.004%
- $3.57
- Slippage, 4 orders
- −$17.19
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$83.52
- Costs to cover
- 0.322%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 35 min ago; StandX: live order book, 2 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 | 7.5 bp −$8 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell StandX live order book, 2 min ago | 4.59 bp | 10.1 bp −$10 | 15.1 bp −$151 | 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 −0.0265% / S +0.0494% | 1h | 152.35 | −0.010% | $90K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.46 | +0.059% | $96.3M | $31.6M | 100x | as long as short |
| Bitget SPCXUSDT | 0.0000% | 8h | 152.52 | +0.098% | $31.3M | $65.9M | 75x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.53 | +13.229% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USDshort | 0.0000% | 1h | 152.43 | +0.039% | $300K | $2.9M | 20x | |
| SunX SPCX-USDT | 0.0000% | 8h | 152.62 | +0.164% | $8K | $919K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.48 | +0.072% | $1.3M | $1.8M | 75x | as long as short |
| Bybit SPCXUSDT | +0.0017% | 8h | 152.49 | +0.079% | $30.6M | $42.7M | 100x | as long as short |
| BloFin SPCX-USDT | +0.0024% | 8h | 152.49 | +0.079% | $1.9M | $1.3M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0030% | 1h | 152.37 | −0.002% | $7K | $8K | 10x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
Bitget SPCXUSDT
GRVT SPCX_USDT_Perp
SunX SPCX-USDT
HTX SPCX-USDT
Bybit SPCXUSDT
BloFin SPCX-USDT
Aftermath Perps SPCXUSDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SPCX | +0.0032% | 1h | 152.39 | +0.013% | $2.5M | $7.4M | 20x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.35 | −0.013% | $105K | $297K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.44 | +0.046% | — | $1.2M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.42 | +0.033% | $493K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.45 | +0.053% | $1.7M | $99K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.48 | +0.072% | $531K | $392K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.22 | −0.098% | $3.2M | $2.4M | 10x | as long as short |
| QFEX SPCX-USD | +0.0050% | 1h | 152.46 | +0.059% | $1.2M | $5.7M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0057% | 8h | 152.49 | +0.080% | $101 | — | 5x | as long as short |
| Lighter SPCX | +0.0088% | 1h | 152.43 | +0.039% | $1.6M | $7.4M | 20x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.35 | −0.013% | $169K | $120K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.33 | −0.026% | $13.0M | $5.4M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.30 | −0.046% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.49 | +0.079% | $14K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.47 | +0.064% | $88 | — | 10x | as long as short |
| tradeXYZ xyz:SPCX | +0.0123% | 1h | 152.36 | −0.007% | $131.4M | $128.2M | 20x | as long as short |
| Variational Omni SPCX | +0.0131% | 8h | 152.45 | +0.051% | $6.0M | $2.9M | — | as long as short |
| Binance SPCXUSDT | +0.0144% | 8h | 152.50 | +0.085% | $250.6M | $1.36B | 75x | as long as short |
| Extended SPCX-USD | +0.0144% | 1h | 152.46 | +0.057% | $737K | $4.3M | 10x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0147% | 8h | 152.50 | +0.085% | $39.4M | $166.4M | 75x | as long as short |
| Nado SPCX-PERP | +0.0207% | 1h | 152.34 | −0.018% | $613K | $802K | 20x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0209% | 1h | 152.46 | +0.059% | $86K | $1.2M | 10x | as long as short |
| RISEx SPCX/USDC | +0.0217% | 1h | 152.50 | +0.089% | $408K | $517K | 20x | as long as short |
| Bullet SPCX-USD | +0.0217% | 1h | 152.49 | +0.079% | $11K | $192K | 10x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0248% | 1h | 152.44 | +0.046% | $739K | $931K | 10x | as long as short |
| Phoenix SPCXlong | +0.0261% | 1h | 152.37 | long leg | $443K | $264K | 15x | |
| Aster SPCXUSD1 | +0.0433% | 8h | 152.57 | +0.131% | $18.9M | $24.0M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0440% | 1h | 153.19 | +0.538% | $9K | $28K | 5.5x | as long as short |
| edgeX SPCXUSDC | +0.0459% | 4h | 152.44 | +0.047% | $1.7M | $892K | 20x | as long as short |
Lighter RH SPCX
Arcus SPCX-USD
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
Lighter SPCX
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
tradeXYZ xyz:SPCX
Variational Omni SPCX
Binance SPCXUSDT
Extended SPCX-USD
OKX SPCX-USDT-SWAP
Nado SPCX-PERP
Deribit SPCX_USDC-PERPETUAL
RISEx SPCX/USDC
Bullet SPCX-USD
Coinbase International SPCX-PERP-INTX
Aster SPCXUSD1
Injective SPCX/USDC PERP
edgeX SPCXUSDC