SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0229%/8h= −25.1% APRnext payment −$0.29 per $10,000 · paid last 24h −0.043%

Price spread now: Lighter RH against Phoenix−0.059%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

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

costs, in and out, $10k−$160.163% of the position

Long on Phoenix Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.170%−$17 · spread now −0.059%, 7d avg −0.047%

Together, before fees−0.192%+ Points / potential airdropLighter RH: Points live · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, 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 -0.023% in total (about -1.2% 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	Phoenix SPCX	153.10	0.0261	pay 0.0033% / 1h	19m 25s	$445K	$268K	15x
Short	Lighter RH SPCX	153.01	0.0032	get 0.0004% / 1h	19m 25s	$2.5M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$48.16
Price spread: −0.059% → −0.047%: −$1.22
Slippage, 4 orders: −$9.26
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$65.63
Costs to cover: 0.163%
Break-even: never at this rate

Slippage from Phoenix: live order book, 38 min ago; Lighter RH: live order book, 4 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, 38 min ago	0.33 bp	7.0 bp −$7	22.2 bp −$222	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.63 bp	1.7 bp −$2	3.3 bp −$33	33.9 bp −$3,389	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 −0.0253% / S +0.0486%	1h	153.06	−0.023%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.10	0.000%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.08	−0.013%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.13	+0.020%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.688%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.03	−0.046%	$302K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.35	+0.163%	$8K	$938K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.14	+0.026%	$1.3M	$1.7M	75x	as long as short
edgeX SPCXUSDC	0.0000%	4h	153.08	−0.011%	$1.7M	$892K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0011%	1h	153.05	−0.033%	$77K	$1.2M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0022%	1h	153.02	−0.051%	$8K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0029%	8h	153.11	+0.007%	$1.9M	$1.4M	75x	as long as short
Lighter SPCX	+0.0032%	1h	153.04	−0.039%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	153.01	−0.059%	$2.5M	$7.3M	20x
Arcus SPCX-USD	+0.0040%	1h	153.02	−0.052%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.08	−0.013%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.05	−0.033%	$1.2M	$6.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.04	−0.039%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	−0.020%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.10	0.000%	$533K	$393K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.98	−0.078%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	153.10	−0.001%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	153.00	−0.065%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.02	−0.052%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	+0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	0.000%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.10	−0.002%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0106%	1h	153.04	−0.039%	$141.4M	$119.0M	20x	as long as short
Bullet SPCX-USD	+0.0107%	1h	153.10	0.000%	$11K	$191K	10x	as long as short
Nado SPCX-PERP	+0.0130%	1h	153.01	−0.058%	$617K	$821K	20x	as long as short
Variational Omni SPCX	+0.0133%	8h	153.09	−0.009%	$6.0M	$3.0M	—	as long as short
Extended SPCX-USD	+0.0144%	1h	153.06	−0.027%	$734K	$3.8M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0146%	8h	153.13	+0.020%	$39.5M	$166.8M	75x	as long as short
Binance SPCXUSDT	+0.0147%	8h	153.10	0.000%	$251.1M	$1.37B	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.13	+0.016%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.10	0.000%	$738K	$926K	10x	as long as short
Phoenix SPCXlong	+0.0261%	1h	153.10	long leg	$445K	$268K	15x
Aster SPCXUSD1	+0.0409%	8h	153.17	+0.048%	$19.0M	$21.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.50	+0.261%	$9K	$28K	5.5x	as long as short