SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0162%/8h= +17.8% APRnext payment +$0.20 per $10,000 · paid last 24h +0.022%

Price spread now: Bullet against Lighter+0.059%7-day average +0.033% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$130.130% of the position

Long on Lighter Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.059%, 7d avg +0.033%

Together, before fees+0.142%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bullet is 0.027% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPCX	152.35	0.0096	pay 0.0012% / 1h	39m 41s	$1.6M	$7.4M	20x
Short	Bullet SPCX-USD	152.44	0.0258	get 0.0032% / 1h	39m 41s	$11K	$192K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Lighter. 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 LighterbpFee BulletbpOrdersPrice spread, now +0.059%Rate

Funding earned: $34.07
Price spread: +0.059% → +0.033%: $2.67
Slippage, 4 orders: −$5.01
Fee Lighter: 0 bp × 2 orders: $0
Fee Bullet: 4 bp × 2 orders: −$8
Net: $23.74
Costs to cover: 0.130%
Break-even: 2.1 days

Slippage from Lighter: live order book, 9 min ago; Bullet: 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 Lighter live order book, 9 min ago	0.33 bp	0.8 bp −$1	2.3 bp −$23	8.6 bp −$856	doesn't fit
Sell Bullet live order book, 4 min ago	0.65 bp	5.6 bp −$6	19.8 bp −$198	doesn't fit	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 −0.0187% / S +0.0435%	1h	152.34	−0.003%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0018%	8h	152.45	+0.066%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.42	+0.046%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.40	+0.033%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.43	+0.053%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.239%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.55	+0.131%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.72	+0.243%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.53	+0.118%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	152.39	+0.028%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.35	0.000%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.42	+0.046%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.41	+0.039%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.38	+0.020%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.41	+0.039%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.45	+0.066%	$531K	$382K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.27	−0.053%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.45	+0.066%	$408K	$498K	20x	as long as short
Polymarket Perps SPCX-USD	+0.0081%	1h	152.41	+0.039%	$487K	$1.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0081%	8h	152.43	+0.055%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0084%	1h	152.32	−0.020%	$129.9M	$129.0M	20x	as long as short
Variational Omni SPCX	+0.0085%	8h	152.43	+0.051%	$6.0M	$2.8M	—	as long as short
Lighter SPCXlong	+0.0096%	1h	152.35	long leg	$1.6M	$7.4M	20x
Pacifica SPCX	+0.0100%	1h	152.34	−0.007%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.31	−0.026%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	+0.066%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.44	+0.059%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0104%	8h	152.42	+0.046%	$250.5M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.40	+0.035%	$733K	$4.1M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.42	+0.044%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0116%	8h	152.44	+0.059%	$39.6M	$166.6M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.177%	$726K	$932K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.48	+0.085%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0230%	1h	152.31	−0.024%	$626K	$808K	20x	as long as short
Bullet SPCX-USDshort	+0.0258%	1h	152.44	+0.059%	$11K	$192K	10x
Aster SPCXUSD1	+0.0367%	8h	152.54	+0.124%	$18.8M	$26.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.302%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0538%	1h	152.39	+0.026%	$89K	$1.3M	10x	as long as short
edgeX SPCXUSDC	+0.0976%	4h	152.55	+0.130%	$1.7M	$893K	20x	as long as short