SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0229%/8h= +25.1% APRnext payment +$0.29 per $10,000 · paid last 24h +0.031%

Price spread now: Phoenix against Lighter RH+0.033%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$160.159% of the position

Long on Lighter RH Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)+0.112%+$11 · spread now +0.033%, 7d avg +0.046%

Together, before fees+0.119%+ Points / potential airdropLighter RH: Points live · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.007% in total (about 0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 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	152.87	0.0032	pay 0.0004% / 1h	22m 21s	$2.5M	$7.6M	20x
Short	Phoenix SPCX	152.92	0.0261	get 0.0033% / 1h	22m 21s	$446K	$269K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.033%Rate

Funding earned: $48.14
Price spread: +0.033% → +0.046%: −$1.36
Slippage, 4 orders: −$8.87
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $30.91
Costs to cover: 0.159%
Break-even: 2.5 days

Slippage from Lighter RH: live order book, 6 min ago; Phoenix: live order book, 55 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, 6 min ago	0.98 bp	1.5 bp −$2	2.8 bp −$28	24.7 bp −$2,472	doesn't fit
Sell Phoenix live order book, 55 min ago	0.33 bp	5.3 bp −$5	18.0 bp −$180	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 −0.0276% / S +0.0491%	1h	152.90	+0.016%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.92	+0.033%	$96.6M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.850%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.82	−0.033%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.10	+0.150%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.91	+0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.82	−0.035%	$7K	$10K	10x	as long as short
Lighter RH SPCXlong	+0.0032%	1h	152.87	long leg	$2.5M	$7.6M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.865%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.88	+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	152.89	+0.013%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.90	+0.020%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.91	+0.026%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.86	−0.007%	$536K	$409K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.77	−0.065%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.90	+0.020%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDT	+0.0076%	8h	152.94	+0.046%	$1.9M	$1.4M	75x	as long as short
Lighter SPCX	+0.0080%	1h	152.91	+0.026%	$1.6M	$7.4M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0089%	8h	152.91	+0.025%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.83	−0.026%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.81	−0.039%	$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	152.93	+0.039%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	+0.056%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0115%	4h	152.92	+0.031%	$1.7M	$892K	20x	as long as short
Bullet SPCX-USD	+0.0139%	1h	152.95	+0.052%	$11K	$188K	10x	as long as short
Bybit SPCXUSDT	+0.0149%	8h	152.95	+0.052%	$30.7M	$42.8M	100x	as long as short
Variational Omni SPCX	+0.0173%	8h	152.92	+0.031%	$6.0M	$3.5M	—	as long as short
Extended SPCX-USD	+0.0192%	1h	152.91	+0.028%	$734K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0194%	8h	152.95	+0.052%	$39.0M	$169.4M	75x	as long as short
Binance SPCXUSDT	+0.0196%	8h	152.95	+0.052%	$253.2M	$1.39B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0253%	1h	152.90	+0.020%	$143.5M	$119.4M	20x	as long as short
Phoenix SPCXshort	+0.0261%	1h	152.92	+0.033%	$446K	$269K	15x
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.065%	$733K	$970K	10x	as long as short
Nado SPCX-PERP	+0.0290%	1h	152.81	−0.039%	$602K	$884K	20x	as long as short
Aster SPCXUSD1	+0.0291%	8h	153.02	+0.096%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0309%	8h	152.94	+0.046%	$31.2M	$67.3M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0339%	1h	152.89	+0.013%	$71K	$1.0M	10x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.99	+0.078%	$403K	$539K	20x	as long as short