SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0264%/8h= +28.9% APRnext payment +$0.33 per $10,000 · paid last 24h +0.031%

Price spread now: Phoenix against Polymarket Perps+0.039%59s7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.231% of the position

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.039%, 7d avg +0.035%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. The two prices were read 59 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 7 days it paid -0.014% in total (about -0.7% 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	Polymarket Perps SPCX-USD	153.03	0.0050	pay 0.0006% / 1h	15m 41s	$501K	$1.2M	10x
Short	Phoenix SPCX	153.09	0.0314	get 0.0039% / 1h	15m 41s	$445K	$270K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee PhoenixbpOrdersPrice spread, now +0.039%Rate

Funding earned: $55.36
Price spread: +0.039% → +0.035%: $0.46
Slippage, 4 orders: −$8.13
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $32.69
Costs to cover: 0.231%
Break-even: 2.9 days

Slippage from Polymarket Perps: live order book, 3 min ago; Phoenix: 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 Polymarket Perps live order book, 3 min ago	1.31 bp	5.3 bp −$5	6.7 bp −$67	8.6 bp −$858	doesn't fit
Sell Phoenix live order book, 51 min ago	0.33 bp	5.5 bp −$6	17.1 bp −$171	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 −0.0347% / S +0.0541%	1h	153.04	+0.010%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.06	+0.020%	$96.0M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.739%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.96	−0.046%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.33	+0.196%	$8K	$944K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.14	+0.072%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.99	−0.026%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.99	−0.026%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.190%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.02	−0.007%	$105K	$297K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	153.04	+0.007%	—	$1.2M	10x	as long as short
Lighter SPCX	+0.0048%	1h	153.02	−0.007%	$1.6M	$7.2M	20x	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-USDlong	+0.0050%	1h	153.03	long leg	$501K	$1.2M	10x
SoDEX SPCX-USD	+0.0050%	1h	153.07	+0.026%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.07	+0.026%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.94	−0.059%	$3.2M	$2.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0091%	8h	153.07	+0.025%	$101	—	5x	as long as short
Bybit SPCXUSDT	+0.0091%	8h	153.08	+0.033%	$30.8M	$42.9M	100x	as long as short
Pacifica SPCX	+0.0100%	1h	152.97	−0.039%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.98	−0.033%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	+0.059%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.11	+0.052%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.09	+0.040%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0115%	4h	153.07	+0.024%	$1.7M	$893K	20x	as long as short
Bitget SPCXUSDT	+0.0136%	8h	153.12	+0.059%	$31.9M	$66.1M	75x	as long as short
Bullet SPCX-USD	+0.0179%	1h	153.09	+0.042%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0186%	1h	153.02	−0.007%	$142.3M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0200%	8h	153.10	+0.046%	$39.4M	$168.8M	75x	as long as short
Variational Omni SPCX	+0.0208%	8h	153.07	+0.024%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0223%	8h	153.08	+0.033%	$252.9M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	153.05	+0.013%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0245%	1h	152.97	−0.039%	$622K	$838K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	153.04	+0.007%	$72K	$1.1M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	152.97	−0.039%	$738K	$973K	10x	as long as short
Phoenix SPCXshort	+0.0314%	1h	153.09	+0.039%	$445K	$270K	15x
RISEx SPCX/USDC	+0.0410%	1h	153.08	+0.033%	$408K	$539K	20x	as long as short
Aster SPCXUSD1	+0.0413%	8h	153.14	+0.075%	$19.0M	$15.0M	20x	as long as short