Funding you earn now, next payment 00:00 UTC+0.0218%/8h= +23.9% APRnext payment +$0.27 per $10,000 · paid last 24h +0.004%
Price spread now: tradeXYZ against Lighter RH+0.013%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$220.222% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 7 days−0.042%−$4 · spread now +0.013%, 7d avg −0.027%
=Together, before fees−0.143%+ Points / potential airdropLighter RH: Points live · tradeXYZ: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and tradeXYZ is 0.040% dearer against Lighter RH than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.027%. Mind the row above: over the last 7 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 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 | 152.79 | 0.0032 | pay 0.0004% / 1h | 13m 42s | $2.5M | $7.6M | 20x |
| Short | tradeXYZ xyz:SPCX | 152.81 | 0.0250 | get 0.0031% / 1h | 13m 42s | $143.4M | $119.4M | 20x |
Lighter RH SPCX
tradeXYZ xyz:SPCXFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $45.74
- Price spread: +0.013% → −0.027%
- $3.98
- Slippage, 4 orders
- −$4.16
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $27.56
- Costs to cover
- 0.222%
- Break-even
- 2.8 days
Slippage from Lighter RH: live order book, 5 min ago; tradeXYZ: live order book, 6 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 | 1.64 bp | 1.7 bp −$2 | 3.7 bp −$37 | 29.1 bp −$2,913 | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.33 bp | 9.3 bp −$9 | 10.0 bp −$100 | 12.4 bp −$1,239 | 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 −0.0280% / S +0.0494% | 1h | 152.82 | +0.023% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.86 | +0.046% | $96.6M | $31.5M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.51 | +12.910% | $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 | 153.07 | +0.183% | $8K | $972K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.87 | +0.052% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0030% | 1h | 152.83 | +0.026% | $7K | $10K | 10x | as long as short |
| Lighter RH SPCXlong | +0.0032% | 1h | 152.79 | long leg | $2.5M | $7.6M | 20x | |
| Injective SPCX/USDC PERP | +0.0033% | 1h | 157.25 | +2.919% | $9K | $27K | 5.5x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.81 | +0.013% | $105K | $297K | 5x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Injective SPCX/USDC PERP
Arcus SPCX-USDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.83 | +0.026% | — | $1.2M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.83 | +0.026% | $489K | $1.1M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.87 | +0.052% | $1.7M | $79K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.79 | 0.000% | $534K | $411K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.75 | −0.026% | $3.2M | $2.8M | 10x | as long as short |
| QFEX SPCX-USD | +0.0052% | 1h | 152.86 | +0.046% | $1.2M | $7.7M | 10x | as long as short |
| BloFin SPCX-USDT | +0.0079% | 8h | 152.88 | +0.059% | $1.9M | $1.4M | 75x | as long as short |
| Paradex SPCX-USD-PERP | +0.0096% | 8h | 152.89 | +0.062% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.76 | −0.020% | $173K | $130K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.76 | −0.020% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.96 | +0.111% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.86 | +0.046% | $15K | $7K | 10x | as long as short |
| Lighter SPCX | +0.0104% | 1h | 152.84 | +0.033% | $1.6M | $7.5M | 20x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.89 | +0.064% | $89 | — | 10x | as long as short |
| Bybit SPCXUSDT | +0.0153% | 8h | 152.90 | +0.072% | $30.7M | $42.8M | 100x | as long as short |
| Bullet SPCX-USD | +0.0155% | 1h | 152.88 | +0.060% | $12K | $188K | 10x | as long as short |
| Variational Omni SPCX | +0.0178% | 8h | 152.85 | +0.041% | $6.0M | $3.4M | — | as long as short |
| OKX SPCX-USDT-SWAP | +0.0196% | 8h | 152.88 | +0.059% | $38.9M | $169.5M | 75x | as long as short |
| Extended SPCX-USD | +0.0200% | 1h | 152.86 | +0.044% | $734K | $3.6M | 10x | as long as short |
| Binance SPCXUSDT | +0.0201% | 8h | 152.89 | +0.066% | $252.7M | $1.39B | 75x | as long as short |
| tradeXYZ xyz:SPCXshort | +0.0250% | 1h | 152.81 | +0.013% | $143.4M | $119.4M | 20x | |
| Phoenix SPCX | +0.0261% | 1h | 152.90 | +0.072% | $445K | $269K | 15x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0280% | 1h | 152.97 | +0.118% | $733K | $970K | 10x | as long as short |
| Nado SPCX-PERP | +0.0297% | 1h | 152.75 | −0.027% | $601K | $885K | 20x | as long as short |
| Aster SPCXUSD1 | +0.0301% | 8h | 152.95 | +0.106% | $19.0M | $21.3M | 20x | as long as short |
| Bitget SPCXUSDT | +0.0312% | 8h | 152.90 | +0.072% | $31.2M | $67.1M | 75x | as long as short |
| RISEx SPCX/USDC | +0.0339% | 1h | 152.94 | +0.096% | $403K | $539K | 20x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0470% | 1h | 152.85 | +0.039% | $71K | $1.0M | 10x | as long as short |
| edgeX SPCXUSDC | +0.0970% | 4h | 152.89 | +0.067% | $1.7M | $893K | 20x | as long as short |
Vest SPCX-USD-PERP
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
QFEX SPCX-USD
BloFin SPCX-USDT
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Lighter SPCX
Aevo SPCX-PERP
Bybit SPCXUSDT
Bullet SPCX-USD
Variational Omni SPCX
OKX SPCX-USDT-SWAP
Extended SPCX-USD
Binance SPCXUSDT
Phoenix SPCX
Coinbase International SPCX-PERP-INTX
Nado SPCX-PERP
Aster SPCXUSD1
Bitget SPCXUSDT
RISEx SPCX/USDC
Deribit SPCX_USDC-PERPETUAL
edgeX SPCXUSDC