SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.041%

Price spread now: Lighter RH against Coinbase International−0.144%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on Coinbase International Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.237%−$24 on $10k

Price spread, last 3 days (all we have)+0.177%+$18 · spread now −0.144%, 7d avg −0.033%

Together, before fees−0.059%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Lighter RH is 0.111% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SPCX-PERP-INTX	153.14	0.0288	pay 0.0036% / 1h	36m 17s	$728K	$969K	10x
Short	Lighter RH SPCX	152.92	0.0032	get 0.0004% / 1h	36m 17s	$2.5M	$7.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.144%Rate

Funding earned: −$53.76
Price spread: −0.144% → −0.033%: −$11.08
Slippage, 4 orders: −$9.59
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$84.43
Costs to cover: 0.196%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 32 min ago; Lighter RH: live order book, 2 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, 32 min ago	2.94 bp	8.1 bp −$8	10.7 bp −$107	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.31 bp	1.5 bp −$2	3.2 bp −$32	30.4 bp −$3,042	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 −0.0347% / S +0.0541%	1h	152.99	−0.101%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	−0.104%	$96.1M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.656%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	−0.170%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.20	+0.039%	$8K	$948K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.01	−0.085%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	−0.126%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.93	−0.137%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	152.92	−0.144%	$2.5M	$7.2M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.118%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.91	−0.150%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	−0.098%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.97	−0.111%	$1.2M	$6.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.95	−0.124%	$501K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	−0.098%	$1.7M	$89K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	−0.091%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.80	−0.222%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDT	+0.0056%	8h	153.01	−0.085%	$30.9M	$42.9M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0078%	8h	152.99	−0.099%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	−0.150%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.90	−0.157%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.189%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.00	−0.091%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	−0.099%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0116%	8h	153.03	−0.072%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0123%	1h	153.01	−0.085%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0139%	1h	152.95	−0.124%	$142.3M	$119.1M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	152.95	−0.124%	$72K	$1.1M	10x	as long as short
Bitget SPCXUSDT	+0.0183%	8h	153.05	−0.059%	$31.8M	$66.3M	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0192%	8h	153.01	−0.085%	$39.4M	$168.9M	75x	as long as short
Variational Omni SPCX	+0.0205%	8h	153.00	−0.091%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0220%	8h	153.03	−0.074%	$252.8M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.98	−0.107%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0240%	1h	152.91	−0.151%	$620K	$840K	20x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0288%	1h	153.14	long leg	$728K	$969K	10x
Phoenix SPCX	+0.0314%	1h	152.98	−0.104%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0389%	8h	153.08	−0.042%	$19.0M	$16.3M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.02	−0.078%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0965%	4h	152.93	−0.135%	$1.7M	$893K	20x	as long as short