SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0102%/8h= −11.2% APRnext payment −$0.13 per $10,000 · paid last 24h +0.003%

Price spread now: Polymarket Perps against Lighter−0.007%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

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

costs, in and out, $10k−$120.122% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 7 days−0.051%−$5 · spread now −0.007%, 7d avg −0.028%

Together, before fees−0.035%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.021% dearer against Lighter than usual: you sell high and buy low (spread −0.007% now, against its 7-day average of −0.028%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPCX	152.84	0.0152	pay 0.0019% / 1h	42m 32s	$1.6M	$7.3M	20x
Short	Polymarket Perps SPCX-USD	152.83	0.0050	get 0.0006% / 1h	42m 32s	$499K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$21.42
Price spread: −0.007% → −0.028%: $2.14
Slippage, 4 orders: −$4.18
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$31.46
Costs to cover: 0.122%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Polymarket Perps: 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	1.1 bp −$1	1.6 bp −$16	6.8 bp −$684	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	1.31 bp	5.3 bp −$5	6.7 bp −$67	9.4 bp −$938	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	+0.003%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.86	+0.013%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.91	+0.046%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.882%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.92	+0.052%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.12	+0.183%	$8K	$932K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.94	+0.065%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0017%	8h	152.88	+0.026%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0032%	1h	152.86	+0.015%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.81	−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	+0.046%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.82	−0.013%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.81	−0.020%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USDshort	+0.0050%	1h	152.83	−0.007%	$499K	$1.2M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.85	+0.007%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.88	+0.026%	$533K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.79	−0.033%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.85	+0.007%	$1.2M	$5.8M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.78	−0.039%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.80	−0.026%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.92	+0.052%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.87	+0.020%	$15K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0101%	8h	152.90	+0.037%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.87	+0.023%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0141%	8h	152.91	+0.045%	$6.0M	$2.9M	—	as long as short
Lighter SPCXlong	+0.0152%	1h	152.84	long leg	$1.6M	$7.3M	20x
Extended SPCX-USD	+0.0152%	1h	152.82	−0.010%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0155%	8h	152.88	+0.024%	$248.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0158%	8h	152.91	+0.046%	$39.6M	$166.1M	75x	as long as short
edgeX SPCXUSDC	+0.0206%	4h	152.89	+0.034%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.89	+0.034%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	+0.039%	$741K	$939K	10x	as long as short
Nado SPCX-PERP	+0.0249%	1h	152.73	−0.070%	$615K	$810K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.93	+0.059%	$445K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0279%	1h	152.90	+0.036%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0281%	1h	152.84	0.000%	$141.3M	$119.2M	20x	as long as short
Aster SPCXUSD1	+0.0430%	8h	152.98	+0.092%	$19.0M	$22.9M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.262%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0536%	1h	152.84	0.000%	$84K	$1.2M	10x	as long as short