SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%

Price spread now: Phemex against SunX−0.170%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$950.947% of the position

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.170%, 7d avg −0.116%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.054% cheaper against SunX than usual: you would sell low and buy high (spread −0.170% now, against its 7-day average of −0.116%). If the spread goes back, that is −$5 on $10k: about 3.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPCX-USDT	153.22	0	get 0.0000% / 8h	5h 25m	$8K	$939K	10x
Short	Phemex SPCXUSDT	152.96	0.0050	get 0.0050% / 8h	5h 25m	$534K	$400K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SunX. 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 SunXbpFee PhemexbpOrdersPrice spread, now −0.170%Rate

Funding earned: $10.5
Price spread: −0.170% → −0.116%: −$5.36
Slippage, 4 orders: −$74.66
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$89.53
Costs to cover: 0.947%
Break-even: 66.7 days

Slippage from SunX: live order book, 7 min ago; Phemex: live order book, 36 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 SunX live order book, 7 min ago	21.88 bp	25.9 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 36 min ago	2.29 bp	20.0 bp −$20	doesn't fit	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 −0.0333% / S +0.0531%	1h	152.97	−0.166%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.97	−0.163%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.03	−0.124%	$31.7M	$65.7M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.601%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	−0.202%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	153.22	long leg	$8K	$939K	10x
HTX SPCX-USDT	0.0000%	8h	153.00	−0.144%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.97	−0.163%	$8K	$8K	10x	as long as short
Bybit SPCXUSDT	+0.0029%	8h	152.99	−0.150%	$30.8M	$42.8M	100x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	−0.189%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0040%	1h	152.96	−0.170%	$1.6M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.93	−0.189%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	−0.163%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.99	−0.150%	$1.2M	$6.5M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	−0.163%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.98	−0.157%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDTshort	+0.0050%	8h	152.96	−0.170%	$534K	$400K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.88	−0.222%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0067%	8h	153.01	−0.137%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0074%	8h	153.03	−0.124%	$101	—	5x	as long as short
edgeX SPCXUSDC	+0.0088%	4h	152.99	−0.148%	$1.7M	$891K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	−0.202%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.87	−0.228%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.189%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	−0.124%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	−0.149%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0155%	1h	153.00	−0.143%	$11K	$190K	10x	as long as short
Variational Omni SPCX	+0.0171%	8h	152.97	−0.161%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0177%	8h	153.00	−0.144%	$39.5M	$167.6M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.96	−0.170%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0186%	8h	153.00	−0.145%	$252.4M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0189%	1h	152.96	−0.170%	$142.0M	$119.4M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.04	−0.115%	$408K	$549K	20x	as long as short
Nado SPCX-PERP	+0.0212%	1h	152.90	−0.208%	$622K	$830K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	−0.137%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.02	−0.131%	$445K	$267K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	152.96	−0.170%	$73K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.09	−0.086%	$19.0M	$17.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.039%	$9K	$27K	5.5x	as long as short