SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0080%/8h= +8.7% APRnext payment +$0.10 per $10,000 · paid last 24h +0.042%

Price spread now: Nado against Lighter−0.030%47s7-day average +0.027% · 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—prices read too far apart to compare

costs, in and out, $10k−$160.165% of the position

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.049%+$5 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.030%, 7d avg +0.027%

Together, before fees+0.102%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.057% cheaper against Lighter than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.027%). If the spread goes back, that is −$6 on $10k: about 2.4 days of funding at the current rate (+$2 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPCX	152.04	0.0032	pay 0.0004% / 1h	25m 29s	$1.6M	$7.4M	20x
Short	Nado SPCX-PERP	151.99	0.0112	get 0.0014% / 1h	25m 29s	$635K	$813K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.030%Rate

Funding earned: $16.76
Price spread: −0.030% → +0.027%: −$5.7
Slippage, 4 orders: −$9.47
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$5.41
Costs to cover: 0.165%
Break-even: 9.3 days

Slippage from Lighter: live order book, 8 min ago; Nado: 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 Lighter live order book, 8 min ago	0.33 bp	0.8 bp −$1	1.9 bp −$19	8.8 bp −$884	doesn't fit
Sell Nado live order book, 8 min ago	0.33 bp	8.8 bp −$9	19.4 bp −$194	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 −0.0187% / S +0.0435%	1h	151.91	−0.089%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0022%	8h	152.03	−0.007%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.10	+0.039%	$30.4M	$43.3M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.03	−0.007%	$96.1M	$32.4M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.13	+0.059%	$31.0M	$66.9M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.07	+0.020%	$299K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.20	+0.105%	$8K	$849K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.09	+0.033%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	151.99	−0.031%	$7K	$7K	10x	as long as short
Lighter SPCXlong	+0.0032%	1h	152.04	long leg	$1.6M	$7.4M	20x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.00	−0.026%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.09	+0.033%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	151.99	−0.033%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.06	+0.013%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	151.99	−0.033%	$129.5M	$129.7M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.00	−0.026%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	151.99	−0.033%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	151.96	−0.053%	$529K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	151.93	−0.072%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	152.07	+0.023%	$100	—	5x	as long as short
Variational Omni SPCX	+0.0077%	8h	151.99	−0.036%	$5.9M	$2.8M	—	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0079%	1h	151.98	−0.039%	$85K	$1.4M	10x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.04	−0.001%	$725K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0099%	8h	152.10	+0.038%	$254.2M	$1.37B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	151.97	−0.046%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	151.97	−0.046%	$12.9M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.10	+0.039%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.04	0.000%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.00	−0.028%	$88	—	10x	as long as short
Nado SPCX-PERPshort	+0.0112%	1h	151.99	−0.030%	$635K	$813K	20x
OKX SPCX-USDT-SWAP	+0.0113%	8h	152.10	+0.039%	$39.2M	$167.8M	75x	as long as short
Bullet SPCX-USD	+0.0132%	1h	152.00	−0.026%	$10K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.09	+0.033%	$380K	$507K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.01	−0.020%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.03	−0.007%	$693K	$997K	10x	as long as short
Aster SPCXUSD1	+0.0381%	8h	152.19	+0.099%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.309%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0607%	4h	152.01	−0.017%	$1.7M	$889K	20x	as long as short