SPCX

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BackpackSPCX.US_USDC_PERP	147.04	+0.0050	pay 0.0006% / 1h	39m 10s	$447K	$31K	10x	Long Backpack
SHORT	Lighter RHSPCX	147.09	+0.0032	get 0.0004% / 1h	39m 10s	$4.8M	$8.5M	20x	Short Lighter RH+10% pts

Price gap+0.034%

Funding gap−0.0018% /8h

The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 9.5 days. At the last 7 days' pace that is about 22 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$40−0.0018% /8h now · paid −0.399% over the last 7D

Price+$5spread +0.034% now, avg −0.017% → +0.051% if it goes back

Costs−$140.142% of $10k · taker + slippage, in and out

Result−$49−0.49%+ Points / potential airdropLighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.034%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SPCX on 47 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

OK: Fits both order books6.9 / 0.7 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$1,000 + $500
Backpack 10x, Lighter RH 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$0.54Long Backpack: 24 payments, −$1.50; short Lighter RH: 24 payments, +$0.96.
OK: Entry gap works for you+0.034% vs −0.017%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$447K vs $4.8M OI
Backpack sets your exit cost. Check its book before closing.
OK: Points on a legLighter RH Points live
Volume here counts toward the points program.
Watch: KYCBackpack Yes · Lighter RH No
KYC (ID, face scan, residency and source of income) before any trading.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0190%/8h × 21 periods−$39.89

Price spread+0.034% → −0.017% (7d avg)+$5.12

Slippage, 4 orderslive order books−$4.24

Fee Backpack bp × 2 orders−$10.00

Fee Lighter RH bp × 2 orders$0.00

Net · 7 days · $10k−$49.01

Costs to cover0.142%Break-evennever at this rate

Slippage: Backpack: live order book, 55 min ago; Lighter RH: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBackpack0.346.9 bp−$739.7 bp−$397doesn’t fitdoesn’t fit

SELL · SHORTLighter RH0.680.7 bp−$12.5 bp−$25doesn’t fitdoesn’t fit

Closing costs about the same again.

SPCX news

posts that mention SPCX, from every exchangeSearch all news →

10-23 19:31	Vest Markets	Other	Trade $SPCX volatility with a Vest Capital funded account and access up to $50k in trading capital: @VestExchange on X ↗
10-23 19:31	Vest Markets	Other	SpaceX is reported to be in talks for at least 80,000 US cell sites, with $SPCX up around 1.4% on today's session. The talks, reported by Bloomberg, include Crown Castle and come weeks after SpaceX acquired low-band spectrum for its wireless plans. Phillip Securities double-upgraded $SPCX to Buy from Sell today, with the stock rebounding from Thursday's ~9% decline. @VestExchange on X ↗
10-23 17:52	ApeX Omni	Other	$193bn of $SPCX stock came free to sell on Thursday. @elonmusk could not sell a single share of it. Why the stock fell 9% anyway👇 @OfficialApeXdex on X ↗
10-23 12:16	SoDEX	Points	🎉 Happy Points Day! Layer1 Season Week 7 points are LIVE! 🚀 SoDEX Open Interest Hits $309.53M! 🔥 Another milestone unlocked! From $270M to over $309M — thank you to our growing trading community! 🧡 ⚡ Week 8 Bonus: Trade ZEC-USD, NEAR-USD, TSLA-USD, META-USD, CL-USD, SPCX-USD, QNT-USD perps to earn 1.2× SoPoints on trading volume! 🎁 Check your points 👉 @sodex_official on X ↗
10-23 12:15	SoDEX	Points	🎉 Happy Points Day! Layer1 Season Week 7 points are LIVE! 🚀 SoDEX Open Interest Hits $309.53M! 🔥 Another milestone unlocked! From $270M to over $309M — thank you to our growing trading community! 🧡 ⚡ Week 8 Bonus: Trade ZEC-USD, NEAR-USD, TSLA-USD, META-USD, CL-USD, SPCX-USD, QNT-USD perps to earn 1.2× SoPoints on trading volume! 🎁 Check your points 👉 @sodex_official on X ↗
10-22 22:57	Injective	Token	The second-ever Injective Stockdrop kicks off next week. Anyone who participated in the $INJ BuyBack yesterday has a chance to earn a tokenized stock on Solana. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗