SPCX

Alert: funding

Alert: spread

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: Deribit against Lighter−0.007%7-day average +0.012% · 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−$19as in the Price arb table

costs, in and out, $10k−$180.175% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

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 paid +0.066%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPCX	152.91	0.0032	pay 0.0004% / 1h	0m 36s	$1.6M	$7.2M	20x
Short	Deribit SPCX_USDC-PERPETUAL	152.90	0	get 0.0000% / 1h	0m 36s	$72K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Lighter. 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 LighterbpFee DeribitbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$6.72
Price spread: −0.007% → +0.012%: −$1.9
Slippage, 4 orders: −$10.5
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$26.12
Costs to cover: 0.175%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; Deribit: live order book, 3 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 Lighter live order book, 8 min ago	0.33 bp	0.3 bp $0	1.4 bp −$14	11.8 bp −$1,178	doesn't fit
Sell Deribit live order book, 3 min ago	0.33 bp	12.0 bp −$12	14.8 bp −$148	doesn't fit	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	+0.049%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.95	+0.026%	$96.0M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.827%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.92	+0.007%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.25	+0.222%	$8K	$941K	10x	as long as short
Deribit SPCX_USDC-PERPETUALshort	0.0000%	1h	152.90	−0.007%	$72K	$1.1M	10x
HTX SPCX-USDT	0.0000%	8h	153.03	+0.078%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.94	+0.021%	$7K	$8K	10x	as long as short
Lighter SPCXlong	+0.0032%	1h	152.91	long leg	$1.6M	$7.2M	20x
Lighter RH SPCX	+0.0032%	1h	152.90	−0.007%	$2.5M	$7.3M	20x	as long as short

Show 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	+0.288%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.92	+0.007%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.96	+0.033%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.93	+0.013%	$1.2M	$6.7M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.95	+0.026%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.98	+0.046%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.96	+0.033%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.82	−0.059%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0057%	8h	152.97	+0.039%	$30.8M	$42.9M	100x	as long as short
Bitget SPCXUSDT	+0.0078%	8h	153.03	+0.078%	$31.7M	$66.1M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0080%	8h	152.96	+0.033%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.87	−0.026%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.89	−0.013%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	+0.013%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.99	+0.052%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.97	+0.042%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0136%	4h	152.98	+0.047%	$1.7M	$893K	20x	as long as short
Bullet SPCX-USD	+0.0167%	1h	153.00	+0.056%	$11K	$189K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0183%	1h	152.94	+0.020%	$142.2M	$119.2M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0188%	8h	152.98	+0.046%	$39.4M	$168.1M	75x	as long as short
Variational Omni SPCX	+0.0196%	8h	152.97	+0.038%	$6.0M	$3.1M	—	as long as short
Extended SPCX-USD	+0.0208%	1h	152.92	+0.005%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0209%	8h	152.96	+0.032%	$252.5M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0234%	1h	152.87	−0.029%	$622K	$835K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	152.97	+0.039%	$738K	$972K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.99	+0.052%	$445K	$270K	15x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	152.98	+0.048%	$408K	$549K	20x	as long as short
Aster SPCXUSD1	+0.0410%	8h	153.05	+0.090%	$19.0M	$15.3M	20x	as long as short