SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h +0.053%

Price spread now: Deribit against Lighter RH+0.046%7-day average +0.029% · 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−$19as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on Lighter RH Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−0.386%−$39 · spread now +0.046%, 7d avg +0.029%

Together, before fees−0.307%+ Points / potential airdropLighter RH: Points live · farm board−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair paid +0.079%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SPCX	152.64	0.0032	pay 0.0004% / 1h	55m 12s	$2.5M	$7.3M	20x
Short	Deribit SPCX_USDC-PERPETUAL	152.71	0.0012	get 0.0002% / 1h	55m 12s	$82K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Lighter RH. 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 Lighter RHbpFee DeribitbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$4.2
Price spread: +0.046% → +0.029%: $1.71
Slippage, 4 orders: −$13.63
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$23.12
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Deribit: 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 RH live order book, 3 min ago	1.31 bp	2.0 bp −$2	4.6 bp −$46	30.6 bp −$3,059	doesn't fit
Sell Deribit live order book, 4 min ago	0.33 bp	3.8 bp −$4	6.8 bp −$68	doesn't fit	doesn't fit

SPCX on 38 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	152.63	−0.003%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0027%	8h	152.79	+0.098%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.72	+0.052%	$30.4M	$43.4M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.69	+0.033%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.73	+0.059%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.66	+0.013%	$305K	$2.6M	20x	as long as short
Bullet SPCX-USD	0.0000%	1h	152.73	+0.059%	$10K	$191K	10x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.12	+0.314%	$8K	$840K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.85	+0.138%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUALshort	+0.0012%	1h	152.71	+0.046%	$82K	$1.4M	10x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0014%	1h	152.73	+0.061%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0031%	1h	152.68	+0.026%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.65	+0.007%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCXlong	+0.0032%	1h	152.64	long leg	$2.5M	$7.3M	20x
Arcus SPCX-USD	+0.0040%	1h	152.62	−0.013%	$103K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.77	+0.085%	—	$1.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.65	+0.007%	$129.6M	$130.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.73	+0.059%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.68	+0.026%	$1.7M	$100K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.67	+0.020%	$531K	$364K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.67	+0.020%	$3.1M	$2.2M	10x	as long as short
Nado SPCX-PERP	+0.0054%	1h	152.75	+0.069%	$634K	$807K	20x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.72	+0.053%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0068%	1h	152.76	+0.082%	$382K	$507K	20x	as long as short
Variational Omni SPCX	+0.0076%	8h	152.78	+0.089%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0093%	8h	152.72	+0.052%	$252.1M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.68	+0.023%	$723K	$5.4M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0100%	8h	152.73	+0.059%	$39.4M	$168.8M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.74	+0.066%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.65	+0.007%	$13.0M	$5.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.70	+0.039%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.74	+0.066%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.72	+0.052%	$89	—	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0184%	1h	152.67	+0.020%	$687K	$1.0M	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.73	+0.059%	$449K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0397%	8h	152.90	+0.172%	$19.0M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	+0.092%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0672%	4h	152.77	+0.084%	$1.7M	$889K	20x	as long as short