SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.039%

Price spread now: Lighter against Coinbase International−0.007%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$170.175% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 3 days (all we have)+0.040%+$4 · spread now −0.007%, 7d avg −0.015%

Together, before fees−0.184%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SPCX-PERP-INTX	152.97	0.0288	pay 0.0036% / 1h	4m 26s	$738K	$973K	10x
Short	Lighter SPCX	152.96	0.0032	get 0.0004% / 1h	4m 26s	$1.6M	$7.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$53.76
Price spread: −0.007% → −0.015%: $0.84
Slippage, 4 orders: −$7.46
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$70.38
Costs to cover: 0.175%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 64 min ago; Lighter: live order book, 4 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 Coinbase International live order book, 64 min ago	2.94 bp	8.1 bp −$8	10.7 bp −$107	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.33 bp	0.8 bp −$1	1.9 bp −$19	8.8 bp −$875	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	153.00	+0.016%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.97	0.000%	$96.0M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.784%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	−0.059%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.21	+0.157%	$8K	$943K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.01	+0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	−0.015%	$7K	$8K	10x	as long as short
Lighter SPCXshort	+0.0032%	1h	152.96	−0.007%	$1.6M	$7.2M	20x
Lighter RH SPCX	+0.0032%	1h	152.93	−0.026%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.35	+0.248%	$9K	$27K	5.5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.92	−0.033%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.00	+0.020%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.01	+0.026%	$1.2M	$6.7M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.98	+0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.98	+0.007%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.97	0.000%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.085%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0067%	8h	153.02	+0.033%	$30.8M	$42.9M	100x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.92	−0.033%	$72K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0083%	8h	153.01	+0.028%	$101	—	5x	as long as short
Bitget SPCXUSDT	+0.0092%	8h	153.04	+0.046%	$31.7M	$66.2M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.90	−0.046%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.94	−0.020%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.026%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.97	0.000%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	−0.007%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0172%	1h	153.03	+0.037%	$11K	$189K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0183%	1h	152.99	+0.013%	$142.3M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0192%	8h	153.02	+0.033%	$39.4M	$168.4M	75x	as long as short
Variational Omni SPCX	+0.0201%	8h	152.96	−0.008%	$6.0M	$3.1M	—	as long as short
Binance SPCXUSDT	+0.0214%	8h	153.02	+0.033%	$252.6M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0216%	1h	152.98	+0.010%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0237%	1h	152.92	−0.036%	$622K	$835K	20x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0288%	1h	152.97	long leg	$738K	$973K	10x
Phoenix SPCX	+0.0314%	1h	152.97	0.000%	$445K	$270K	15x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.03	+0.039%	$408K	$549K	20x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.08	+0.070%	$19.0M	$15.2M	20x	as long as short
edgeX SPCXUSDC	+0.0994%	4h	152.98	+0.005%	$1.7M	$893K	20x	as long as short