Funding you earn now, next payment 22:00 UTC−0.0248%/8h= −27.1% APRnext payment −$0.31 per $10,000 · paid last 24h −0.023%
Price spread now: Lighter against Nado+0.027%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$160.156% of the position
Funding, last 3 days (all we have)−0.027%−$3 on $10k
+Price spread, last 7 days−0.056%−$6 · spread now +0.027%, 7d avg −0.032%
=Together, before fees−0.083%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.059% dearer against Nado than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.032%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 3 days (−0.027% in total) that is about 6.8 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.027% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.31 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 | Nado SPCX-PERP | 152.53 | 0.0296 | pay 0.0037% / 1h | 1m 00s | $625K | $878K | 20x |
| Short | Lighter SPCX | 152.57 | 0.0048 | get 0.0006% / 1h | 1m 00s | $1.6M | $7.3M | 20x |
Nado SPCX-PERP
Lighter SPCXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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
- −$52.03
- Price spread: +0.027% → −0.032%
- $5.86
- Slippage, 4 orders
- −$8.59
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$61.77
- Costs to cover
- 0.156%
- Break-even
- never at this rate
Slippage from Nado: live order book, 22 min ago; Lighter: live order book, 7 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 Nado live order book, 22 min ago | 0.33 bp | 6.2 bp −$6 | 22.2 bp −$222 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.98 bp | 1.0 bp −$1 | 1.5 bp −$15 | 21.5 bp −$2,148 | 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 −0.0335% / S +0.0533% | 1h | 152.60 | +0.050% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.64 | +0.073% | $96.5M | $31.2M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.50 | +13.095% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.66 | +0.086% | $302K | $3.1M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 152.81 | +0.184% | $8K | $991K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.61 | +0.053% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0025% | 1h | 152.61 | +0.054% | $7K | $10K | 10x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.56 | +0.020% | $2.4M | $7.7M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0033% | 1h | 157.25 | +3.095% | $9K | $27K | 5.5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.64 | +0.073% | — | $1.1M | 10x | 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
Lighter RH SPCX
Injective SPCX/USDC PERP
Vest SPCX-USD-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPCXshort | +0.0048% | 1h | 152.57 | +0.027% | $1.6M | $7.3M | 20x | |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.61 | +0.053% | $489K | $1.1M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.61 | +0.053% | $1.7M | $79K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.63 | +0.066% | $540K | $406K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.49 | −0.026% | $3.2M | $2.6M | 10x | as long as short |
| QFEX SPCX-USD | +0.0057% | 1h | 152.61 | +0.053% | $1.2M | $7.6M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0091% | 8h | 152.64 | +0.072% | $101 | — | 5x | as long as short |
| BloFin SPCX-USDT | +0.0096% | 8h | 152.67 | +0.092% | $1.9M | $1.4M | 75x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.55 | +0.014% | $175K | $135K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.51 | −0.013% | $13.0M | $5.3M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.66 | +0.086% | $58K | $270K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.65 | +0.079% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.65 | +0.081% | $89 | — | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0143% | 1h | 152.63 | +0.066% | $70K | $1.1M | 10x | as long as short |
| Bybit SPCXUSDT | +0.0153% | 8h | 152.65 | +0.079% | $30.7M | $42.3M | 100x | as long as short |
| tradeXYZ xyz:SPCX | +0.0181% | 1h | 152.60 | +0.046% | $129.9M | $107.3M | 20x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0187% | 8h | 152.65 | +0.079% | $38.9M | $168.2M | 75x | as long as short |
| Bullet SPCX-USD | +0.0189% | 1h | 152.63 | +0.063% | $12K | $189K | 10x | as long as short |
| Variational Omni SPCX | +0.0194% | 8h | 152.65 | +0.078% | $6.1M | $4.3M | — | as long as short |
| Extended SPCX-USD | +0.0216% | 1h | 152.61 | +0.054% | $715K | $3.6M | 10x | as long as short |
| Binance SPCXUSDT | +0.0216% | 8h | 152.63 | +0.065% | $256.1M | $1.38B | 75x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0232% | 1h | 152.71 | +0.119% | $741K | $947K | 10x | as long as short |
| Aster SPCXUSD1 | +0.0247% | 8h | 152.70 | +0.110% | $19.0M | $21.3M | 20x | as long as short |
| Phoenix SPCX | +0.0262% | 1h | 152.68 | +0.099% | $376K | $191K | 15x | as long as short |
| Arcus SPCX-USD | +0.0293% | 1h | 152.56 | +0.020% | $106K | $296K | 5x | as long as short |
| Nado SPCX-PERPlong | +0.0296% | 1h | 152.53 | long leg | $625K | $878K | 20x | |
| Bitget SPCXUSDT | +0.0341% | 8h | 152.65 | +0.079% | $31.1M | $66.5M | 75x | as long as short |
| RISEx SPCX/USDC | +0.0462% | 1h | 152.68 | +0.096% | $403K | $544K | 20x | as long as short |
| edgeX SPCXUSDC | +0.0992% | 4h | 152.63 | +0.066% | $1.7M | $893K | 20x | as long as short |
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
QFEX SPCX-USD
Paradex SPCX-USD-PERP
BloFin SPCX-USDT
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Deribit SPCX_USDC-PERPETUAL
Bybit SPCXUSDT
tradeXYZ xyz:SPCX
OKX SPCX-USDT-SWAP
Bullet SPCX-USD
Variational Omni SPCX
Extended SPCX-USD
Binance SPCXUSDT
Coinbase International SPCX-PERP-INTX
Aster SPCXUSD1
Phoenix SPCX
Arcus SPCX-USD
Bitget SPCXUSDT
RISEx SPCX/USDC
edgeX SPCXUSDC