SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Lighter against QFEX−0.033%52s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$150.146% of the position

Long on QFEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.024%+$2 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.033%, 7d avg −0.002%

Together, before fees+0.053%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.030% cheaper against QFEX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SPCX-USD	152.63	0.0057	pay 0.0007% / 1h	3m 39s	$1.2M	$7.6M	10x
Short	Lighter SPCX	152.58	0.0056	get 0.0007% / 1h	3m 39s	$1.6M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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 QFEXbpFee LighterbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$0.24
Price spread: −0.033% → −0.002%: −$3.04
Slippage, 4 orders: −$4.59
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$17.87
Costs to cover: 0.146%
Break-even: never at this rate

Slippage from QFEX: live order book, 10 min ago; Lighter: live order book, 5 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 QFEX live order book, 10 min ago	1.31 bp	6.3 bp −$6	6.4 bp −$64	18.8 bp −$1,880	doesn't fit
Sell Lighter live order book, 5 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	152.63	−0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.65	+0.013%	$96.5M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+13.019%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.65	+0.013%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.138%	$8K	$991K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.63	0.000%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.61	−0.013%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	−0.039%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.027%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.66	+0.020%	—	$1.1M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps SPCX-USD	+0.0050%	1h	152.61	−0.013%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.63	0.000%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.65	+0.013%	$540K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.49	−0.092%	$3.2M	$2.6M	10x	as long as short
Lighter SPCXshort	+0.0056%	1h	152.58	−0.033%	$1.6M	$7.3M	20x
QFEX SPCX-USDlong	+0.0057%	1h	152.63	long leg	$1.2M	$7.6M	10x
Paradex SPCX-USD-PERP	+0.0092%	8h	152.65	+0.015%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0096%	8h	152.65	+0.013%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.58	−0.033%	$175K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−0.072%	$13.0M	$5.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.69	+0.039%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.69	+0.039%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.67	+0.029%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0155%	8h	152.67	+0.026%	$30.7M	$42.3M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0183%	1h	152.62	−0.007%	$129.9M	$107.3M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0186%	8h	152.66	+0.020%	$39.0M	$168.2M	75x	as long as short
Variational Omni SPCX	+0.0194%	8h	152.65	+0.012%	$6.1M	$4.3M	—	as long as short
Bullet SPCX-USD	+0.0196%	1h	152.64	+0.007%	$12K	$190K	10x	as long as short
Extended SPCX-USD	+0.0216%	1h	152.63	+0.001%	$715K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0217%	8h	152.64	+0.007%	$256.1M	$1.38B	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.71	+0.052%	$741K	$947K	10x	as long as short
Aster SPCXUSD1	+0.0246%	8h	152.69	+0.039%	$19.0M	$21.3M	20x	as long as short
Phoenix SPCX	+0.0262%	1h	152.68	+0.033%	$371K	$191K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0274%	1h	152.64	+0.007%	$71K	$1.1M	10x	as long as short
Arcus SPCX-USD	+0.0293%	1h	152.58	−0.033%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0299%	1h	152.53	−0.065%	$625K	$878K	20x	as long as short
Bitget SPCXUSDT	+0.0342%	8h	152.65	+0.013%	$31.1M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0462%	1h	152.69	+0.039%	$393K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0551%	4h	152.68	+0.036%	$1.7M	$892K	20x	as long as short