SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.06 per $10,000 · paid last 24h +0.038%

Price spread now: Deribit against Lighter−0.007%7-day average +0.012% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now −0.007%, 7d avg +0.012%

Together, before fees−0.065%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPCX	153.04	0.0032	pay 0.0004% / 1h	37m 30s	$1.6M	$7.3M	20x
Short	Deribit SPCX_USDC-PERPETUAL	153.03	0.0077	get 0.0010% / 1h	37m 30s	$73K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.007%Rate

Funding earned: $9.42
Price spread: −0.007% → +0.012%: −$1.82
Slippage, 4 orders: −$12.15
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$11.56
Costs to cover: 0.191%
Break-even: 15.6 days

Slippage from Lighter: live order book, 6 min ago; Deribit: live order book, 1 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, 6 min ago	0.33 bp	0.8 bp −$1	2.4 bp −$24	9.1 bp −$906	doesn't fit
Sell Deribit live order book, 1 min ago	5.23 bp	8.7 bp −$9	12.0 bp −$120	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 −0.0314% / 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 SPCXlong	+0.0032%	1h	153.04	long leg	$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	153.08	+0.026%	—	$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	153.03	−0.007%	$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	153.04	0.000%	$141.4M	$119.0M	20x	as long as short
Deribit SPCX_USDC-PERPETUALshort	+0.0077%	1h	153.03	−0.007%	$73K	$1.2M	10x
Bullet SPCX-USD	+0.0082%	1h	153.08	+0.025%	$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	152.99	−0.033%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.11	+0.046%	$58K	$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	−0.027%	$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	+0.0153%	8h	153.09	+0.033%	$39.5M	$166.9M	75x	as long as short
Binance SPCXUSDT	+0.0158%	8h	153.09	+0.033%	$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
edgeX SPCXUSDC	+0.0195%	4h	153.07	+0.019%	$1.7M	$892K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	0.000%	$738K	$925K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.08	+0.026%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.16	+0.077%	$18.9M	$20.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	+0.203%	$9K	$28K	5.5x	as long as short