SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0263%/8h= +28.8% APRnext payment +$0.33 per $10,000 · paid last 24h +0.029%

Price spread now: Nado against Lighter RH−0.040%7-day average +0.048% · 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−$26as in the Price arb table

costs, in and out, $10k−$170.167% of the position

Long on Lighter RH Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.034%+$3 on $10k

Price spread, last 7 days+0.103%+$10 · spread now −0.040%, 7d avg +0.048%

Together, before fees+0.136%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.088% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of +0.048%). If the spread goes back, that is −$9 on $10k: about 27 hours of funding at the current rate (+$8 a day). At the pace of the last 3 days (+0.034% in total) that is about 8.4 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.034% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SPCX	152.83	0.0032	pay 0.0004% / 1h	18m 09s	$2.5M	$7.6M	20x
Short	Nado SPCX-PERP	152.77	0.0295	get 0.0037% / 1h	18m 09s	$601K	$885K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Lighter RH. 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 Lighter RHbpFee NadobpOrdersPrice spread, now −0.040%Rate

Funding earned: $55.24
Price spread: −0.040% → +0.048%: −$8.83
Slippage, 4 orders: −$9.74
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $29.67
Costs to cover: 0.167%
Break-even: 3.2 days

Slippage from Lighter RH: live order book, 5 min ago; Nado: live order book, 60 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 RH live order book, 5 min ago	1.63 bp	1.7 bp −$2	4.0 bp −$40	27.9 bp −$2,789	doesn't fit
Sell Nado live order book, 60 min ago	0.33 bp	7.7 bp −$8	24.2 bp −$242	doesn't fit	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 −0.0278% / S +0.0492%	1h	152.87	+0.023%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.88	+0.033%	$96.6M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.881%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.81	−0.013%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.10	+0.177%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.89	+0.039%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.83	0.000%	$7K	$10K	10x	as long as short
Lighter RH SPCXlong	+0.0032%	1h	152.83	long leg	$2.5M	$7.6M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.892%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.84	+0.007%	$105K	$297K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.85	+0.013%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.85	+0.013%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.89	+0.039%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.82	−0.007%	$535K	$410K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.79	−0.026%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.87	+0.026%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDT	+0.0078%	8h	152.92	+0.059%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0092%	8h	152.89	+0.040%	$101	—	5x	as long as short
Lighter SPCX	+0.0096%	1h	152.87	+0.026%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.81	−0.013%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.79	−0.026%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	+0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.90	+0.046%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.93	+0.063%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0148%	1h	152.91	+0.052%	$12K	$188K	10x	as long as short
Bybit SPCXUSDT	+0.0151%	8h	152.93	+0.065%	$30.7M	$42.8M	100x	as long as short
Variational Omni SPCX	+0.0176%	8h	152.93	+0.068%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0195%	8h	152.91	+0.052%	$38.9M	$169.4M	75x	as long as short
Binance SPCXUSDT	+0.0199%	8h	152.92	+0.059%	$253.1M	$1.39B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.88	+0.033%	$734K	$3.6M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0252%	1h	152.86	+0.020%	$143.5M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.91	+0.052%	$446K	$269K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.092%	$733K	$970K	10x	as long as short
edgeX SPCXUSDC	+0.0281%	4h	152.91	+0.054%	$1.7M	$892K	20x	as long as short
Nado SPCX-PERPshort	+0.0295%	1h	152.77	−0.040%	$601K	$885K	20x
Aster SPCXUSD1	+0.0296%	8h	152.99	+0.103%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0311%	8h	152.92	+0.059%	$31.2M	$67.3M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.97	+0.089%	$403K	$539K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0601%	1h	152.89	+0.039%	$71K	$1.0M	10x	as long as short