Funding you earn now, next payment 05:00 UTC+0.0217%/8h= +23.7% APRnext payment +$0.27 per $10,000 · paid last 24h +0.043%
Price spread now: Phoenix against Vest0.000%7-day average +0.104% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.048%+$5 on $10k
+Price spread, last 4 days (all we have)−0.005%−$1 · spread now 0.000%, 7d avg +0.104%
=Together, before fees+0.042%+ Points / potential airdropVest: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.104% cheaper against Vest than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.104%). If the spread goes back, that is −$10 on $10k: about 38 hours of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.048% in total) that is about 7.5 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.048% in total (about 5.1% 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 | Vest SPCX-USD-PERP | 152.50 | 0.0046 | pay 0.0006% / 1h | 24m 46s | — | $1.2M | 10x |
| Short | Phoenix SPCX | 152.50 | 0.0263 | get 0.0033% / 1h | 24m 46s | $443K | $266K | 15x |
Vest SPCX-USD-PERP
Phoenix SPCXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Vest. 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
- $45.54
- Price spread: 0.000% → +0.104%
- −$10.43
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $26.1
- Costs to cover
- 0.090%
- Break-even
- 3.0 days
Slippage unknown: Vest: no order-book sample; Phoenix: live order book, 22 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 22 min ago | 0.33 bp | 6.9 bp −$7 | 21.1 bp −$211 | doesn't fit | doesn't fit |
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 −0.0187% / S +0.0435% | 1h | 152.44 | −0.043% | $90K | — | 20x | as long as short |
| BloFin SPCX-USDT | −0.0006% | 8h | 152.53 | +0.020% | $1.9M | $1.2M | 75x | as long as short |
| Bybit SPCXUSDT | 0.0000% | 8h | 152.55 | +0.033% | $30.6M | $42.7M | 100x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.51 | +0.007% | $96.1M | $31.7M | 100x | as long as short |
| Bitget SPCXUSDT | 0.0000% | 8h | 152.57 | +0.046% | $31.3M | $65.8M | 75x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.53 | +13.132% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.51 | +0.007% | $300K | $2.8M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 152.66 | +0.105% | $8K | $909K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.57 | +0.046% | $1.3M | $1.8M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0022% | 1h | 152.42 | −0.051% | $7K | $8K | 10x | as long as short |
GMX SPCX/USD [ETH-USDC]
BloFin SPCX-USDT
Bybit SPCXUSDT
Gate SPCX_USDT
Bitget SPCXUSDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX 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 | 152.49 | −0.007% | $1.6M | $7.4M | 20x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.46 | −0.026% | $2.5M | $7.3M | 20x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.42 | −0.052% | $105K | $297K | 5x | as long as short |
| QFEX SPCX-USD | +0.0043% | 1h | 152.50 | 0.000% | $1.2M | $5.5M | 10x | as long as short |
| Vest SPCX-USD-PERPlong | +0.0046% | 1h | 152.50 | long leg | — | $1.2M | 10x | |
| tradeXYZ xyz:SPCX | +0.0050% | 1h | 152.42 | −0.052% | $130.9M | $128.5M | 20x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.47 | −0.020% | $487K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.51 | +0.007% | $1.7M | $98K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.55 | +0.033% | $531K | $387K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.36 | −0.092% | $3.2M | $2.3M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0059% | 8h | 152.56 | +0.042% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.44 | −0.039% | $169K | $118K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.46 | −0.026% | $13.0M | $5.4M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.49 | −0.007% | $58K | $272K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.49 | −0.007% | $14K | $7K | 10x | as long as short |
| edgeX SPCXUSDC | +0.0100% | 4h | 152.46 | −0.029% | $1.7M | $891K | 20x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.50 | −0.001% | $88 | — | 10x | as long as short |
| Variational Omni SPCX | +0.0105% | 8h | 152.48 | −0.013% | $6.0M | $2.8M | — | as long as short |
| Extended SPCX-USD | +0.0112% | 1h | 152.50 | +0.002% | $731K | $4.6M | 10x | as long as short |
| Binance SPCXUSDT | +0.0113% | 8h | 152.55 | +0.033% | $250.7M | $1.36B | 75x | as long as short |
| Nado SPCX-PERP | +0.0114% | 1h | 152.41 | −0.057% | $613K | $803K | 20x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0120% | 8h | 152.57 | +0.046% | $39.4M | $166.3M | 75x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0144% | 1h | 152.47 | −0.020% | $87K | $1.3M | 10x | as long as short |
| Bullet SPCX-USD | +0.0145% | 1h | 152.54 | +0.026% | $11K | $193K | 10x | as long as short |
| RISEx SPCX/USDC | +0.0238% | 1h | 152.56 | +0.040% | $408K | $513K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0248% | 1h | 152.44 | −0.039% | $739K | $923K | 10x | as long as short |
| Phoenix SPCXshort | +0.0263% | 1h | 152.50 | 0.000% | $443K | $266K | 15x | |
| Aster SPCXUSD1 | +0.0371% | 8h | 152.59 | +0.062% | $18.9M | $24.7M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0440% | 1h | 152.70 | +0.131% | $9K | $28K | 5.5x | as long as short |
Lighter SPCX
Lighter RH SPCX
Arcus SPCX-USD
QFEX SPCX-USD
tradeXYZ xyz:SPCX
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
edgeX SPCXUSDC
Aevo SPCX-PERP
Variational Omni SPCX
Extended SPCX-USD
Binance SPCXUSDT
Nado SPCX-PERP
OKX SPCX-USDT-SWAP
Deribit SPCX_USDC-PERPETUAL
Bullet SPCX-USD
RISEx SPCX/USDC
Coinbase International SPCX-PERP-INTX
Aster SPCXUSD1
Injective SPCX/USDC PERP