Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.040%
Price spread now: Lighter against Deribit+0.007%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$180.175% of the position
Funding, last 5 days (all we have)−0.066%−$7 on $10k
+Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.007%, 7d avg −0.012%
=Together, before fees−0.053%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SPCX_USDC-PERPETUAL | 152.90 | 0 | get 0.0000% / 1h | 0m 24s | $72K | $1.1M | 10x |
| Short | Lighter SPCX | 152.91 | 0.0032 | get 0.0004% / 1h | 0m 24s | $1.6M | $7.2M | 20x |
Deribit SPCX_USDC-PERPETUAL
Lighter SPCXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. 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
- $6.72
- Price spread: +0.007% → −0.012%
- $1.9
- Slippage, 4 orders
- −$10.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$8.89
- Costs to cover
- 0.175%
- Break-even
- 16.3 days
Slippage from Deribit: live order book, 4 min ago; Lighter: live order book, 8 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 Deribit live order book, 4 min ago | 0.33 bp | 4.4 bp −$4 | 8.2 bp −$82 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 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 | 152.96 | +0.036% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.94 | +0.026% | $96.0M | $31.4M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.52 | +12.834% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.92 | +0.013% | $302K | $3.0M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.23 | +0.216% | $8K | $941K | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUALlong | 0.0000% | 1h | 152.90 | long leg | $72K | $1.1M | 10x | |
| HTX SPCX-USDT | 0.0000% | 8h | 153.03 | +0.085% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0024% | 1h | 152.95 | +0.031% | $7K | $8K | 10x | as long as short |
| Lighter SPCXshort | +0.0032% | 1h | 152.91 | +0.007% | $1.6M | $7.2M | 20x | |
| Lighter RH SPCX | +0.0032% | 1h | 152.90 | 0.000% | $2.5M | $7.3M | 20x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Lighter RH SPCXShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SPCX/USDC PERP | +0.0033% | 1h | 153.35 | +0.294% | $9K | $27K | 5.5x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.92 | +0.013% | $105K | $297K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.96 | +0.039% | — | $1.2M | 10x | as long as short |
| QFEX SPCX-USD | +0.0049% | 1h | 152.93 | +0.020% | $1.2M | $6.7M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.94 | +0.026% | $499K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.98 | +0.052% | $1.7M | $91K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.96 | +0.039% | $534K | $405K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.82 | −0.052% | $3.2M | $2.5M | 10x | as long as short |
| Bybit SPCXUSDT | +0.0057% | 8h | 152.97 | +0.046% | $30.8M | $42.9M | 100x | as long as short |
| Bitget SPCXUSDT | +0.0078% | 8h | 153.03 | +0.085% | $31.7M | $66.1M | 75x | as long as short |
| Paradex SPCX-USD-PERP | +0.0080% | 8h | 152.96 | +0.040% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.87 | −0.020% | $169K | $133K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.89 | −0.007% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.93 | +0.020% | $58K | $272K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.96 | +0.039% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.94 | +0.026% | $89 | — | 10x | as long as short |
| edgeX SPCXUSDC | +0.0136% | 4h | 152.98 | +0.053% | $1.7M | $893K | 20x | as long as short |
| Bullet SPCX-USD | +0.0166% | 1h | 152.96 | +0.039% | $11K | $189K | 10x | as long as short |
| tradeXYZ xyz:SPCX | +0.0183% | 1h | 152.94 | +0.026% | $142.1M | $119.3M | 20x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0188% | 8h | 152.98 | +0.052% | $39.4M | $168.1M | 75x | as long as short |
| Variational Omni SPCX | +0.0196% | 8h | 152.97 | +0.045% | $6.0M | $3.1M | — | as long as short |
| Extended SPCX-USD | +0.0208% | 1h | 152.92 | +0.011% | $736K | $3.8M | 10x | as long as short |
| Binance SPCXUSDT | +0.0209% | 8h | 152.95 | +0.035% | $252.5M | $1.37B | 75x | as long as short |
| Nado SPCX-PERP | +0.0234% | 1h | 152.87 | −0.023% | $622K | $835K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0288% | 1h | 152.97 | +0.046% | $738K | $972K | 10x | as long as short |
| Phoenix SPCX | +0.0314% | 1h | 152.99 | +0.059% | $445K | $270K | 15x | as long as short |
| RISEx SPCX/USDC | +0.0410% | 1h | 152.98 | +0.055% | $408K | $549K | 20x | as long as short |
| Aster SPCXUSD1 | +0.0410% | 8h | 153.04 | +0.091% | $19.0M | $15.3M | 20x | as long as short |
Injective SPCX/USDC PERP
Arcus SPCX-USD
Vest SPCX-USD-PERP
QFEX SPCX-USD
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
Bybit SPCXUSDT
Bitget SPCXUSDT
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
edgeX SPCXUSDC
Bullet SPCX-USD
tradeXYZ xyz:SPCX
OKX SPCX-USDT-SWAP
Variational Omni SPCX
Extended SPCX-USD
Binance SPCXUSDT
Nado SPCX-PERP
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
RISEx SPCX/USDC
Aster SPCXUSD1