Funding you earn now, next payment 02:00 UTC−0.0192%/8h= −21.0% APRnext payment −$0.24 per $10,000 · paid last 24h −0.004%
Price spread now: Lighter RH against Extended−0.048%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$90.089% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 7 days+0.060%+$6 · spread now −0.048%, 7d avg +0.028%
=Together, before fees+0.070%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter RH is 0.076% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.028%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 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 | Extended SPCX-USD | 152.98 | 0.0224 | pay 0.0028% / 1h | 35m 49s | $736K | $3.8M | 10x |
| Short | Lighter RH SPCX | 152.91 | 0.0032 | get 0.0004% / 1h | 35m 49s | $2.5M | $7.2M | 20x |
Extended SPCX-USD
Lighter RH SPCXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$40.32
- Price spread: −0.048% → +0.028%
- −$7.61
- Slippage, 4 orders
- −$3.89
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$56.82
- Costs to cover
- 0.089%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; Lighter RH: live order book, 3 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 Extended live order book, 3 min ago | 0.33 bp | 2.8 bp −$3 | 5.5 bp −$55 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 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 | +0.001% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.99 | +0.004% | $96.1M | $31.2M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.52 | +12.772% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.88 | −0.068% | $302K | $3.1M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.20 | +0.142% | $8K | $948K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 153.01 | +0.017% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0025% | 1h | 152.95 | −0.024% | $7K | $8K | 10x | as long as short |
| Lighter SPCX | +0.0032% | 1h | 152.94 | −0.028% | $1.6M | $7.2M | 20x | as long as short |
| Lighter RH SPCXshort | +0.0032% | 1h | 152.91 | −0.048% | $2.5M | $7.2M | 20x | |
| Injective SPCX/USDC PERP | +0.0033% | 1h | 153.32 | +0.220% | $9K | $27K | 5.5x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Lighter SPCX
Injective SPCX/USDC PERPShow 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 | −0.048% | $105K | $297K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.99 | +0.004% | — | $1.2M | 10x | as long as short |
| QFEX SPCX-USD | +0.0049% | 1h | 152.97 | −0.009% | $1.2M | $6.8M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.95 | −0.022% | $501K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.99 | +0.004% | $1.7M | $89K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 153.00 | +0.011% | $534K | $406K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.80 | −0.120% | $3.2M | $2.6M | 10x | as long as short |
| Bybit SPCXUSDT | +0.0056% | 8h | 153.03 | +0.030% | $30.9M | $42.9M | 100x | as long as short |
| Paradex SPCX-USD-PERP | +0.0078% | 8h | 152.99 | +0.004% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.93 | −0.035% | $169K | $133K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.89 | −0.061% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.85 | −0.087% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 153.00 | +0.011% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.99 | +0.003% | $89 | — | 10x | as long as short |
| BloFin SPCX-USDT | +0.0116% | 8h | 153.03 | +0.030% | $1.9M | $1.4M | 75x | as long as short |
| Bullet SPCX-USD | +0.0123% | 1h | 153.01 | +0.017% | $11K | $190K | 10x | as long as short |
| tradeXYZ xyz:SPCX | +0.0142% | 1h | 152.97 | −0.009% | $142.3M | $119.1M | 20x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0142% | 1h | 152.95 | −0.022% | $72K | $1.1M | 10x | as long as short |
| Bitget SPCXUSDT | +0.0183% | 8h | 153.06 | +0.050% | $31.8M | $66.3M | 75x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0192% | 8h | 153.02 | +0.024% | $39.4M | $168.9M | 75x | as long as short |
| Variational Omni SPCX | +0.0205% | 8h | 153.00 | +0.012% | $6.0M | $3.3M | — | as long as short |
| Binance SPCXUSDT | +0.0220% | 8h | 153.03 | +0.028% | $252.8M | $1.37B | 75x | as long as short |
| Extended SPCX-USDlong | +0.0224% | 1h | 152.98 | long leg | $736K | $3.8M | 10x | |
| Nado SPCX-PERP | +0.0240% | 1h | 152.91 | −0.049% | $620K | $840K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0288% | 1h | 153.14 | +0.102% | $728K | $969K | 10x | as long as short |
| Phoenix SPCX | +0.0314% | 1h | 152.98 | −0.002% | $445K | $270K | 15x | as long as short |
| Aster SPCXUSD1 | +0.0390% | 8h | 153.08 | +0.061% | $19.0M | $16.1M | 20x | as long as short |
| RISEx SPCX/USDC | +0.0410% | 1h | 153.02 | +0.024% | $408K | $539K | 20x | as long as short |
| edgeX SPCXUSDC | +0.0965% | 4h | 152.93 | −0.033% | $1.7M | $893K | 20x | as long as short |
Arcus SPCX-USD
Vest SPCX-USD-PERP
QFEX SPCX-USD
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
Bybit SPCXUSDT
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
BloFin SPCX-USDT
Bullet SPCX-USD
tradeXYZ xyz:SPCX
Deribit SPCX_USDC-PERPETUAL
Bitget SPCXUSDT
OKX SPCX-USDT-SWAP
Variational Omni SPCX
Binance SPCXUSDT
Nado SPCX-PERP
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
Aster SPCXUSD1
RISEx SPCX/USDC
edgeX SPCXUSDC