SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0077%/8h= −8.4% APRnext payment −$0.10 per $10,000 · paid last 24h −0.008%

Price spread now: Phoenix against RISEx−0.069%7-day average −0.033% · 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−$25as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on RISEx Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.995%+$99 · spread now −0.069%, 7d avg −0.033%

Together, before fees+0.983%+$98 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 0.036% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SPCX/USDC	152.34	0.0445	pay 0.0056% / 1h	49m 00s	$391K	$502K	20x
Short	Phoenix SPCX	152.23	0.0368	get 0.0046% / 1h	49m 00s	$443K	$266K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against RISEx. 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 RISExbpFee PhoenixbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$16.19
Price spread: −0.069% → −0.033%: −$3.57
Slippage, 4 orders: −$8.73
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$41.49
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from RISEx: live order book, 54 min ago; Phoenix: live order book, 53 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 RISEx live order book, 54 min ago	1.64 bp	4.6 bp −$5	5.6 bp −$56	doesn't fit	doesn't fit
Sell Phoenix live order book, 53 min ago	0.33 bp	6.1 bp −$6	19.7 bp −$197	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 −0.0234% / S +0.0471%	1h	152.21	−0.085%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.29	−0.030%	$96.2M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.34	+0.003%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.255%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.26	−0.049%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.52	+0.121%	$8K	$894K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.31	−0.016%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0013%	8h	152.32	−0.010%	$30.5M	$42.7M	100x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.24	−0.062%	$89K	$1.3M	10x	as long as short
BloFin SPCX-USDT	+0.0022%	8h	152.29	−0.030%	$1.9M	$1.2M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0028%	1h	152.19	−0.094%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.27	−0.043%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.25	−0.056%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.18	−0.102%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.27	−0.043%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.23	−0.069%	$129.9M	$129.1M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.24	−0.062%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.26	−0.049%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.32	−0.010%	$530K	$374K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.11	−0.148%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.24	−0.062%	$1.2M	$5.5M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.20	−0.089%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.19	−0.095%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.24	−0.062%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.28	−0.036%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.29	−0.027%	$88	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0111%	8h	152.27	−0.046%	$100	—	5x	as long as short
Bullet SPCX-USD	+0.0116%	1h	152.28	−0.033%	$11K	$192K	10x	as long as short
Variational Omni SPCX	+0.0128%	8h	152.20	−0.092%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0142%	8h	152.33	−0.003%	$252.8M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.29	−0.030%	$724K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0153%	8h	152.34	+0.003%	$39.7M	$166.6M	75x	as long as short
Nado SPCX-PERP	+0.0179%	1h	152.19	−0.094%	$627K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.003%	$728K	$938K	10x	as long as short
Phoenix SPCXshort	+0.0368%	1h	152.23	−0.069%	$443K	$266K	15x
Aster SPCXUSD1	+0.0409%	8h	152.44	+0.067%	$18.9M	$28.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.55	+0.141%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDClong	+0.0445%	1h	152.34	long leg	$391K	$502K	20x
edgeX SPCXUSDC	+0.0522%	4h	152.20	−0.086%	$1.7M	$892K	20x	as long as short