SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0248%/8h= −27.2% APRnext payment −$0.31 per $10,000 · paid last 24h −0.056%

Price spread now: Lighter RH against Coinbase International−0.033%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$180.180% of the position

Long on Coinbase International Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.251%−$25 on $10k

Price spread, last 4 days (all we have)+0.262%+$26 · spread now −0.033%, 7d avg −0.034%

Together, before fees+0.011%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: −$7 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	152.03	0.0280	pay 0.0035% / 1h	26m 33s	$693K	$997K	10x
Short	Lighter RH SPCX	151.98	0.0032	get 0.0004% / 1h	26m 33s	$2.5M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$52.08
Price spread: −0.033% → −0.034%: $0.11
Slippage, 4 orders: −$8.03
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$70
Costs to cover: 0.180%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 7 min ago; Lighter RH: live order book, 2 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, 7 min ago	2.30 bp	7.4 bp −$7	11.8 bp −$118	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	0.33 bp	1.9 bp −$2	3.5 bp −$35	28.3 bp −$2,826	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 −0.0187% / S +0.0435%	1h	151.97	−0.043%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0022%	8h	152.03	0.000%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.07	+0.026%	$30.4M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.02	−0.007%	$96.1M	$32.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.08	+0.033%	$30.9M	$66.9M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.06	+0.020%	$299K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.20	+0.112%	$8K	$850K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.13	+0.066%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	151.98	−0.035%	$7K	$7K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.00	−0.020%	$1.6M	$7.4M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCXshort	+0.0032%	1h	151.98	−0.033%	$2.5M	$7.3M	20x
QFEX SPCX-USD	+0.0035%	1h	152.05	+0.013%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	151.99	−0.026%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.00	−0.020%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	151.96	−0.046%	$129.4M	$129.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	151.88	−0.099%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.02	−0.007%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.02	−0.007%	$529K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	151.91	−0.079%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	152.06	+0.022%	$100	—	5x	as long as short
Variational Omni SPCX	+0.0081%	8h	152.06	+0.020%	$5.9M	$2.8M	—	as long as short
Extended SPCX-USD	+0.0096%	1h	152.03	0.000%	$725K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0098%	8h	152.07	+0.029%	$254.1M	$1.37B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	151.97	−0.039%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	151.99	−0.026%	$12.9M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	151.97	−0.039%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.06	+0.020%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.00	−0.020%	$88	—	10x	as long as short
Nado SPCX-PERP	+0.0113%	1h	151.91	−0.082%	$634K	$812K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0114%	8h	152.07	+0.026%	$39.2M	$167.7M	75x	as long as short
Bullet SPCX-USD	+0.0133%	1h	152.05	+0.014%	$10K	$192K	10x	as long as short
edgeX SPCXUSDC	+0.0156%	4h	152.05	+0.013%	$1.7M	$891K	20x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.06	+0.020%	$380K	$507K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.01	−0.013%	$447K	$268K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0211%	1h	152.03	0.000%	$85K	$1.4M	10x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0280%	1h	152.03	long leg	$693K	$997K	10x
Aster SPCXUSD1	+0.0381%	8h	152.16	+0.086%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.316%	$9K	$28K	5.5x	as long as short