SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.044%

Price spread now: Coinbase International against Lighter+0.052%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.231%+$23 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.052%, 7d avg +0.016%

Together, before fees+0.107%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.037% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPCX	152.82	0.0144	pay 0.0018% / 1h	42m 47s	$1.6M	$7.3M	20x
Short	Coinbase International SPCX-PERP-INTX	152.90	0.0248	get 0.0031% / 1h	42m 47s	$741K	$939K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.052%Rate

Funding earned: $21.84
Price spread: +0.052% → +0.016%: $3.65
Slippage, 4 orders: −$7.71
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $7.78
Costs to cover: 0.177%
Break-even: 4.5 days

Slippage from Lighter: live order book, 5 min ago; Coinbase International: live order book, 11 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, 5 min ago	0.33 bp	1.1 bp −$1	1.6 bp −$16	6.8 bp −$684	doesn't fit
Sell Coinbase International live order book, 11 min ago	2.94 bp	7.9 bp −$8	8.5 bp −$85	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 −0.0214% / S +0.0456%	1h	152.84	+0.016%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.86	+0.026%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.91	+0.059%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.897%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.92	+0.065%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.12	+0.196%	$8K	$932K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.94	+0.079%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0015%	8h	152.89	+0.046%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0032%	1h	152.86	+0.028%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.79	−0.020%	$2.5M	$7.3M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SPCX-USDT	+0.0035%	8h	152.91	+0.059%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.82	0.000%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.82	0.000%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.83	+0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.85	+0.020%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.88	+0.039%	$533K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.79	−0.020%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.85	+0.020%	$1.2M	$5.8M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0099%	8h	152.89	+0.048%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.79	−0.020%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.79	−0.020%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.92	+0.065%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.87	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.87	+0.036%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0141%	8h	152.91	+0.058%	$6.0M	$2.9M	—	as long as short
Lighter SPCXlong	+0.0144%	1h	152.82	long leg	$1.6M	$7.3M	20x
Extended SPCX-USD	+0.0152%	1h	152.85	+0.017%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0155%	8h	152.89	+0.044%	$248.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0157%	8h	152.92	+0.065%	$39.6M	$166.2M	75x	as long as short
edgeX SPCXUSDC	+0.0206%	4h	152.89	+0.047%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.92	+0.068%	$409K	$517K	20x	as long as short
Nado SPCX-PERP	+0.0246%	1h	152.75	−0.044%	$615K	$810K	20x	as long as short
Coinbase International SPCX-PERP-INTXshort	+0.0248%	1h	152.90	+0.052%	$741K	$939K	10x
Phoenix SPCX	+0.0261%	1h	152.93	+0.072%	$445K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0276%	1h	152.88	+0.039%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0280%	1h	152.84	+0.013%	$141.3M	$119.2M	20x	as long as short
Aster SPCXUSD1	+0.0429%	8h	152.98	+0.102%	$19.0M	$22.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.275%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0536%	1h	152.84	+0.013%	$84K	$1.2M	10x	as long as short