SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0178%/8h= −19.5% APRnext payment −$0.22 per $10,000 · paid last 24h −0.051%

Price spread now: Lighter against Phoenix−0.013%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$160.158% of the position

Long on Phoenix Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.336%−$34 · spread now −0.013%, 7d avg −0.028%

Together, before fees−0.361%+ Points / potential airdropLighter: Season 3 · farm board−$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SPCX	152.77	0.0210	pay 0.0026% / 1h	1m 32s	$449K	$268K	15x
Short	Lighter SPCX	152.75	0.0032	get 0.0004% / 1h	1m 32s	$1.6M	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Phoenix. 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 PhoenixbpFee LighterbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$37.42
Price spread: −0.013% → −0.028%: $1.54
Slippage, 4 orders: −$8.79
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$51.66
Costs to cover: 0.158%
Break-even: never at this rate

Slippage from Phoenix: live order book, 31 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 Phoenix live order book, 31 min ago	0.33 bp	7.6 bp −$8	26.1 bp −$261	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.65 bp	0.7 bp −$1	1.8 bp −$18	12.3 bp −$1,230	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	152.71	−0.043%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0018%	8h	152.67	−0.065%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.82	+0.033%	$30.5M	$43.2M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.77	0.000%	$96.1M	$32.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.86	+0.059%	$31.1M	$66.7M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.67	−0.065%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.97	+0.131%	$8K	$841K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.74	−0.020%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.72	−0.033%	$82K	$1.4M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0015%	1h	152.60	−0.111%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCXshort	+0.0032%	1h	152.75	−0.013%	$1.6M	$7.4M	20x
Lighter RH SPCX	+0.0032%	1h	152.75	−0.013%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.80	+0.020%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.73	−0.026%	$103K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.83	+0.039%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.75	−0.013%	$129.8M	$130.2M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.81	+0.026%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.72	−0.033%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.71	−0.039%	$531K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.57	−0.131%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.80	+0.022%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0088%	8h	152.69	−0.052%	$5.9M	$2.7M	—	as long as short
Bullet SPCX-USD	+0.0092%	1h	152.82	+0.034%	$11K	$191K	10x	as long as short
Nado SPCX-PERP	+0.0093%	1h	152.77	−0.002%	$633K	$808K	20x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.76	−0.006%	$723K	$5.4M	10x	as long as short
Binance SPCXUSDT	+0.0098%	8h	152.82	+0.034%	$253.0M	$1.37B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.75	−0.013%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.68	−0.059%	$13.0M	$5.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.70	−0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.74	−0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.70	−0.046%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0107%	8h	152.85	+0.052%	$39.4M	$168.8M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.69	−0.049%	$382K	$507K	20x	as long as short
Phoenix SPCXlong	+0.0210%	1h	152.77	long leg	$449K	$268K	15x
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.67	−0.065%	$687K	$1.0M	10x	as long as short
Aster SPCXUSD1	+0.0398%	8h	152.94	+0.109%	$19.0M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	+0.007%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0726%	4h	152.71	−0.037%	$1.7M	$890K	20x	as long as short