SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.013%

Price spread now: Lighter against Bullet−0.033%7-day average −0.032% · 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−$13as in the Price arb table

costs, in and out, $10k−$120.125% of the position

Long on Bullet Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.927%−$93 · spread now −0.033%, 7d avg −0.032%

Together, before fees−0.999%+ Points / potential airdropLighter: Season 3 · farm board−$100 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SPCX-USD	153.01	0.0136	pay 0.0017% / 1h	58m 10s	$11K	$189K	10x
Short	Lighter SPCX	152.96	0.0032	get 0.0004% / 1h	58m 10s	$1.6M	$7.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bullet. 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 BulletbpFee LighterbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$21.89
Price spread: −0.033% → −0.032%: −$0.08
Slippage, 4 orders: −$4.46
Fee Bullet: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.44
Costs to cover: 0.125%
Break-even: never at this rate

Slippage from Bullet: live order book, 6 min ago; Lighter: live order book, 5 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 Bullet live order book, 6 min ago	0.65 bp	5.7 bp −$6	20.5 bp −$205	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.33 bp	0.8 bp −$1	1.2 bp −$12	8.6 bp −$864	doesn't fit

SPCX on 38 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	152.99	−0.016%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.97	−0.026%	$96.0M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.753%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.90	−0.072%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.27	+0.170%	$8K	$941K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.02	+0.007%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	−0.041%	$7K	$8K	10x	as long as short
Lighter SPCXshort	+0.0032%	1h	152.96	−0.033%	$1.6M	$7.2M	20x
Lighter RH SPCX	+0.0032%	1h	152.93	−0.052%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.92	−0.059%	$105K	$297K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.96	−0.033%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.95	−0.039%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	−0.046%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.98	−0.020%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.99	−0.013%	$535K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.82	−0.124%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0053%	8h	153.00	−0.007%	$30.8M	$42.9M	100x	as long as short
Bitget SPCXUSDT	+0.0070%	8h	153.03	+0.013%	$31.7M	$66.1M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	152.99	−0.013%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.87	−0.091%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−0.065%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.88	−0.085%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	0.000%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	−0.013%	$89	—	10x	as long as short
Bullet SPCX-USDlong	+0.0136%	1h	153.01	long leg	$11K	$189K	10x
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	152.96	−0.033%	$72K	$1.2M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0188%	8h	153.03	+0.013%	$39.5M	$168.2M	75x	as long as short
Variational Omni SPCX	+0.0196%	8h	152.97	−0.027%	$6.0M	$3.1M	—	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.01	−0.003%	$408K	$549K	20x	as long as short
Binance SPCXUSDT	+0.0207%	8h	153.02	+0.007%	$252.7M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0207%	1h	152.89	−0.081%	$622K	$835K	20x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.98	−0.022%	$736K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0219%	1h	152.96	−0.033%	$142.1M	$119.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.97	−0.026%	$738K	$972K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.99	−0.013%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0409%	8h	153.07	+0.039%	$19.0M	$15.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.29	+0.183%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0798%	4h	152.97	−0.027%	$1.7M	$894K	20x	as long as short