SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0224%/8h= −24.5% APRnext payment −$0.28 per $10,000 · paid last 24h −0.042%

Price spread now: Lighter against Coinbase International0.000%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$170.173% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.229%−$23 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now 0.000%, 7d avg −0.015%

Together, before fees−0.130%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SPCX-PERP-INTX	153.04	0.0256	pay 0.0032% / 1h	37m 36s	$738K	$925K	10x
Short	Lighter SPCX	153.04	0.0032	get 0.0004% / 1h	37m 36s	$1.6M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$47.04
Price spread: 0.000% → −0.015%: $1.48
Slippage, 4 orders: −$7.3
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$62.86
Costs to cover: 0.173%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 21 min ago; Lighter: 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 Coinbase International live order book, 21 min ago	2.61 bp	8.4 bp −$8	12.4 bp −$124	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.33 bp	0.3 bp $0	0.8 bp −$8	10.1 bp −$1,006	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 −0.0314% / S +0.0531%	1h	153.04	+0.003%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.07	+0.020%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.06	+0.013%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.11	+0.046%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.733%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.03	−0.007%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.27	+0.150%	$8K	$937K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.12	+0.052%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	153.04	−0.002%	$8K	$8K	10x	as long as short
Lighter SPCXshort	+0.0032%	1h	153.04	0.000%	$1.6M	$7.3M	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.99	−0.033%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.020%	$105K	$297K	5x	as long as short
BloFin SPCX-USDT	+0.0040%	8h	153.10	+0.039%	$1.9M	$1.4M	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.07	+0.020%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.03	−0.007%	$1.2M	$6.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.02	−0.013%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	+0.007%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.08	+0.026%	$533K	$395K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.93	−0.072%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	153.08	+0.029%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0074%	1h	153.05	+0.007%	$141.5M	$119.0M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	153.03	−0.007%	$73K	$1.2M	10x	as long as short
Bullet SPCX-USD	+0.0082%	1h	153.08	+0.024%	$10K	$191K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.98	−0.039%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.98	−0.039%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	+0.052%	$59K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.07	+0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.06	+0.011%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0131%	1h	153.00	−0.028%	$617K	$824K	20x	as long as short
Variational Omni SPCX	+0.0149%	8h	153.08	+0.024%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0154%	8h	153.09	+0.033%	$39.5M	$166.9M	75x	as long as short
Binance SPCXUSDT	+0.0158%	8h	153.08	+0.026%	$252.2M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0160%	1h	153.04	+0.001%	$738K	$3.8M	10x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.12	+0.052%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0256%	1h	153.04	long leg	$738K	$925K	10x
Phoenix SPCX	+0.0261%	1h	153.10	+0.039%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.16	+0.077%	$19.0M	$19.9M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	+0.203%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0913%	4h	153.08	+0.027%	$1.7M	$891K	20x	as long as short