Funding you earn now, next payment 06:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.010%
Price spread now: Lighter against Extended−0.033%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$80.084% of the position
Funding, last 7 days+0.015%+$1 on $10k
+Price spread, last 7 days+0.167%+$17 · spread now −0.033%, 7d avg +0.044%
=Together, before fees+0.182%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.077% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.044%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPCX-USD | 152.44 | 0.0120 | pay 0.0015% / 1h | 34m 41s | $731K | $4.6M | 10x |
| Short | Lighter SPCX | 152.39 | 0.0032 | get 0.0004% / 1h | 34m 41s | $1.6M | $7.4M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$18.48
- Price spread: −0.033% → +0.044%
- −$7.65
- Slippage, 4 orders
- −$3.4
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$34.53
- Costs to cover
- 0.084%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 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 Extended live order book, 4 min ago | 0.99 bp | 3.5 bp −$3 | 6.2 bp −$62 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.33 bp | 0.7 bp −$1 | 2.3 bp −$23 | 11.5 bp −$1,151 | doesn't fit |
SPCX on 39 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 | 152.41 | −0.016% | $90K | — | 20x | as long as short |
| Bybit SPCXUSDT | 0.0000% | 8h | 152.46 | +0.013% | $30.6M | $42.7M | 100x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.44 | 0.000% | $96.1M | $31.7M | 100x | as long as short |
| Bitget SPCXUSDT | 0.0000% | 8h | 152.49 | +0.033% | $31.3M | $65.8M | 75x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.52 | +13.175% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.54 | +0.066% | $300K | $2.8M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 152.73 | +0.191% | $8K | $910K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.60 | +0.105% | $1.3M | $1.8M | 75x | as long as short |
| BloFin SPCX-USDT | +0.0002% | 8h | 152.54 | +0.066% | $1.9M | $1.2M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0023% | 1h | 152.40 | −0.023% | $7K | $8K | 10x | as long as short |
Show all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPCXshort | +0.0032% | 1h | 152.39 | −0.033% | $1.6M | $7.4M | 20x | |
| Lighter RH SPCX | +0.0032% | 1h | 152.36 | −0.052% | $2.5M | $7.3M | 20x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.41 | −0.019% | $105K | $297K | 5x | as long as short |
| QFEX SPCX-USD | +0.0043% | 1h | 152.50 | +0.040% | $1.2M | $5.6M | 10x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.49 | +0.033% | — | $1.2M | 10x | as long as short |
| tradeXYZ xyz:SPCX | +0.0050% | 1h | 152.35 | −0.059% | $130.9M | $128.6M | 20x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.48 | +0.027% | $487K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.48 | +0.027% | $1.7M | $99K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.54 | +0.066% | $531K | $387K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.29 | −0.098% | $3.2M | $2.3M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0061% | 8h | 152.47 | +0.017% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.35 | −0.059% | $169K | $118K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.37 | −0.046% | $13.0M | $5.4M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.45 | +0.007% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.54 | +0.066% | $14K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.52 | +0.052% | $88 | — | 10x | as long as short |
| Variational Omni SPCX | +0.0115% | 8h | 152.49 | +0.034% | $6.0M | $2.8M | — | as long as short |
| Extended SPCX-USDlong | +0.0120% | 1h | 152.44 | long leg | $731K | $4.6M | 10x | |
| Binance SPCXUSDT | +0.0122% | 8h | 152.46 | +0.013% | $250.6M | $1.36B | 75x | as long as short |
| Nado SPCX-PERP | +0.0125% | 1h | 152.45 | +0.006% | $614K | $802K | 20x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0131% | 8h | 152.44 | 0.000% | $39.3M | $166.2M | 75x | as long as short |
| Bullet SPCX-USD | +0.0162% | 1h | 152.53 | +0.059% | $11K | $193K | 10x | as long as short |
| RISEx SPCX/USDC | +0.0238% | 1h | 152.54 | +0.065% | $408K | $513K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0248% | 1h | 152.44 | 0.000% | $739K | $923K | 10x | as long as short |
| Phoenix SPCX | +0.0263% | 1h | 152.39 | −0.033% | $443K | $266K | 15x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0275% | 1h | 152.51 | +0.046% | $87K | $1.3M | 10x | as long as short |
| Aster SPCXUSD1 | +0.0380% | 8h | 152.57 | +0.087% | $18.9M | $24.7M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0440% | 1h | 152.75 | +0.204% | $9K | $28K | 5.5x | as long as short |
| edgeX SPCXUSDC | +0.0464% | 4h | 152.49 | +0.036% | $1.7M | $892K | 20x | as long as short |
Extended SPCX-USD
Lighter SPCX
GMX SPCX/USD [ETH-USDC]
Bybit SPCXUSDT
Gate SPCX_USDT
Bitget SPCXUSDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
BloFin SPCX-USDT
Aftermath Perps SPCXUSD
Lighter RH SPCX
tradeXYZ xyz:SPCX
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Variational Omni SPCX
Binance SPCXUSDT
OKX SPCX-USDT-SWAP
Bullet SPCX-USD
RISEx SPCX/USDC
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
Deribit SPCX_USDC-PERPETUAL
Aster SPCXUSD1
Injective SPCX/USDC PERP
edgeX SPCXUSDC