Funding you earn now, next payment 04:00 UTC−0.0216%/8h= −23.6% APRnext payment −$0.27 per $10,000 · paid last 24h −0.040%
Price spread now: Vest against Phoenix−0.046%58s7-day average −0.105% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.046%, 7d avg −0.105%
=Together, before fees+0.014%+ Points / potential airdropVest: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.060% dearer against Phoenix than usual: you sell high and buy low (spread −0.046% now, against its 7-day average of −0.105%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 3 days (−0.045% in total) that is about 4.5 days. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.045% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.27 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 | 152.93 | 0.0261 | pay 0.0033% / 1h | 44m 26s | $445K | $264K | 15x |
| Short | Vest SPCX-USD-PERP | 152.86 | 0.0046 | get 0.0006% / 1h | 44m 26s | — | $1.2M | 10x |
Phoenix SPCX
Vest SPCX-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$45.31
- Price spread: −0.046% → −0.105%
- $5.95
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$48.36
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 8 min ago; Vest: no order-book sample. 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 Phoenix live order book, 8 min ago | 0.33 bp | 7.5 bp −$8 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 −0.0214% / S +0.0456% | 1h | 152.84 | −0.056% | $90K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.87 | −0.039% | $96.3M | $31.2M | 100x | as long as short |
| Bitget SPCXUSDT | 0.0000% | 8h | 152.93 | 0.000% | $31.8M | $65.3M | 75x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.53 | +12.815% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.96 | +0.020% | $301K | $2.9M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.12 | +0.124% | $8K | $934K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.98 | +0.033% | $1.3M | $1.7M | 75x | as long as short |
| Bybit SPCXUSDT | +0.0014% | 8h | 152.88 | −0.033% | $30.7M | $42.6M | 100x | as long as short |
| Aftermath Perps SPCXUSD | +0.0031% | 1h | 152.86 | −0.044% | $7K | $8K | 10x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.81 | −0.078% | $2.5M | $7.2M | 20x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
Bitget SPCXUSDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Bybit SPCXUSDT
Aftermath Perps SPCXUSD
Lighter RH SPCXShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPCX-USDT | +0.0035% | 8h | 152.90 | −0.020% | $1.9M | $1.3M | 75x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.82 | −0.072% | $105K | $297K | 5x | as long as short |
| Vest SPCX-USD-PERPshort | +0.0046% | 1h | 152.86 | −0.046% | — | $1.2M | 10x | |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.82 | −0.072% | $499K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.86 | −0.046% | $1.7M | $96K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.87 | −0.039% | $532K | $391K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.79 | −0.092% | $3.2M | $2.4M | 10x | as long as short |
| QFEX SPCX-USD | +0.0050% | 1h | 152.88 | −0.033% | $1.2M | $5.8M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0097% | 8h | 152.90 | −0.020% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.79 | −0.092% | $169K | $121K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.81 | −0.078% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.96 | +0.020% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.88 | −0.033% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.90 | −0.017% | $89 | — | 10x | as long as short |
| Lighter SPCX | +0.0136% | 1h | 152.83 | −0.065% | $1.6M | $7.3M | 20x | as long as short |
| Variational Omni SPCX | +0.0141% | 8h | 152.91 | −0.014% | $6.0M | $2.9M | — | as long as short |
| Extended SPCX-USD | +0.0152% | 1h | 152.85 | −0.054% | $738K | $3.8M | 10x | as long as short |
| Binance SPCXUSDT | +0.0155% | 8h | 152.89 | −0.029% | $248.5M | $1.36B | 75x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0156% | 8h | 152.91 | −0.013% | $39.6M | $166.1M | 75x | as long as short |
| edgeX SPCXUSDC | +0.0206% | 4h | 152.89 | −0.025% | $1.7M | $893K | 20x | as long as short |
| RISEx SPCX/USDC | +0.0217% | 1h | 152.94 | +0.003% | $409K | $517K | 20x | as long as short |
| Nado SPCX-PERP | +0.0244% | 1h | 152.75 | −0.116% | $615K | $810K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0248% | 1h | 152.90 | −0.020% | $741K | $939K | 10x | as long as short |
| Phoenix SPCXlong | +0.0261% | 1h | 152.93 | long leg | $445K | $264K | 15x | |
| Bullet SPCX-USD | +0.0272% | 1h | 152.90 | −0.020% | $12K | $192K | 10x | as long as short |
| tradeXYZ xyz:SPCX | +0.0277% | 1h | 152.82 | −0.072% | $141.3M | $119.2M | 20x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0405% | 1h | 152.87 | −0.039% | $84K | $1.2M | 10x | as long as short |
| Aster SPCXUSD1 | +0.0429% | 8h | 153.01 | +0.050% | $19.0M | $22.5M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0440% | 1h | 153.24 | +0.203% | $9K | $28K | 5.5x | as long as short |
BloFin SPCX-USDT
Arcus SPCX-USD
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
QFEX SPCX-USD
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Lighter SPCX
Variational Omni SPCX
Extended SPCX-USD
Binance SPCXUSDT
OKX SPCX-USDT-SWAP
edgeX SPCXUSDC
RISEx SPCX/USDC
Nado SPCX-PERP
Coinbase International SPCX-PERP-INTX
Bullet SPCX-USD
tradeXYZ xyz:SPCX
Deribit SPCX_USDC-PERPETUAL
Aster SPCXUSD1
Injective SPCX/USDC PERP