Funding you earn now, next payment 08:00 UTC+0.0395%/8h= +43.2% APRnext payment +$0.49 per $10,000 · paid last 24h +0.041%
Price spread now: RISEx against tradeXYZ+0.076%7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$280.281% of the position
Funding, last 4 days (all we have)+0.062%+$6 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now +0.076%, 7d avg +0.103%
=Together, before fees+0.129%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.027% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.076% now, against its 7-day average of +0.103%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$12 a day). At the pace of the last 4 days (+0.062% in total) that is about 39 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.062% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.49 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 | tradeXYZ xyz:SPCX | 152.21 | 0.0050 | pay 0.0006% / 1h | 30m 38s | $129.8M | $129.2M | 20x |
| Short | RISEx SPCX/USDC | 152.32 | 0.0445 | get 0.0056% / 1h | 30m 38s | $381K | $507K | 20x |
tradeXYZ xyz:SPCX
RISEx SPCX/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against tradeXYZ. 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
- $82.89
- Price spread: +0.076% → +0.103%
- −$2.71
- Slippage, 4 orders
- −$4.12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $52.06
- Costs to cover
- 0.281%
- Break-even
- 2.6 days
Slippage from tradeXYZ: live order book, 9 min ago; RISEx: live order book, 8 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 tradeXYZ live order book, 9 min ago | 0.33 bp | 9.3 bp −$9 | 9.6 bp −$96 | 12.7 bp −$1,265 | doesn't fit |
| Sell RISEx live order book, 8 min ago | 0.98 bp | 4.0 bp −$4 | 4.9 bp −$49 | 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 −0.0187% / S +0.0435% | 1h | 152.21 | −0.003% | $90K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.26 | +0.033% | $96.2M | $31.8M | 100x | as long as short |
| Bitget SPCXUSDT | 0.0000% | 8h | 152.30 | +0.059% | $31.2M | $66.2M | 75x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.53 | +13.350% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.30 | +0.059% | $300K | $2.6M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 152.49 | +0.184% | $8K | $892K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.37 | +0.105% | $1.3M | $1.8M | 75x | as long as short |
| Bybit SPCXUSDT | +0.0014% | 8h | 152.28 | +0.046% | $30.5M | $42.7M | 100x | as long as short |
| BloFin SPCX-USDT | +0.0021% | 8h | 152.27 | +0.039% | $1.9M | $1.2M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0028% | 1h | 152.24 | +0.018% | $7K | $8K | 10x | 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
BloFin SPCX-USDT
Aftermath Perps SPCXUSDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPCX | +0.0032% | 1h | 152.23 | +0.013% | $1.6M | $7.3M | 20x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.20 | −0.007% | $2.5M | $7.3M | 20x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.21 | 0.000% | $103K | $298K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.27 | +0.039% | — | $1.2M | 10x | as long as short |
| tradeXYZ xyz:SPCXlong | +0.0050% | 1h | 152.21 | long leg | $129.8M | $129.2M | 20x | |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.25 | +0.026% | $487K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.24 | +0.020% | $1.7M | $99K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.28 | +0.046% | $529K | $373K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.15 | −0.039% | $3.2M | $2.2M | 10x | as long as short |
| QFEX SPCX-USD | +0.0070% | 1h | 152.24 | +0.020% | $1.2M | $5.5M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0091% | 8h | 152.25 | +0.029% | $100 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.17 | −0.026% | $168K | $119K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.19 | −0.013% | $13.0M | $5.6M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.21 | 0.000% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.31 | +0.066% | $14K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.28 | +0.044% | $88 | — | 10x | as long as short |
| Variational Omni SPCX | +0.0127% | 8h | 152.26 | +0.031% | $5.9M | $2.8M | — | as long as short |
| Binance SPCXUSDT | +0.0141% | 8h | 152.28 | +0.048% | $252.7M | $1.36B | 75x | as long as short |
| Extended SPCX-USD | +0.0144% | 1h | 152.24 | +0.020% | $724K | $5.3M | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0144% | 1h | 152.24 | +0.020% | $89K | $1.4M | 10x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0155% | 8h | 152.29 | +0.053% | $39.7M | $166.6M | 75x | as long as short |
| Bullet SPCX-USD | +0.0160% | 1h | 152.28 | +0.048% | $11K | $192K | 10x | as long as short |
| Nado SPCX-PERP | +0.0180% | 1h | 152.19 | −0.013% | $630K | $805K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0240% | 1h | 152.34 | +0.085% | $728K | $930K | 10x | as long as short |
| Phoenix SPCX | +0.0368% | 1h | 152.28 | +0.046% | $443K | $266K | 15x | as long as short |
| Aster SPCXUSD1 | +0.0407% | 8h | 152.41 | +0.130% | $18.9M | $29.3M | 20x | as long as short |
| edgeX SPCXUSDC | +0.0412% | 4h | 152.26 | +0.033% | $1.7M | $892K | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0440% | 1h | 152.58 | +0.243% | $9K | $28K | 5.5x | as long as short |
| RISEx SPCX/USDCshort | +0.0445% | 1h | 152.32 | +0.076% | $381K | $507K | 20x |
Lighter SPCX
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
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Variational Omni SPCX
Binance SPCXUSDT
Extended SPCX-USD
Deribit SPCX_USDC-PERPETUAL
OKX SPCX-USDT-SWAP
Bullet SPCX-USD
Nado SPCX-PERP
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
Aster SPCXUSD1
edgeX SPCXUSDC
Injective SPCX/USDC PERP