SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%

Price spread now: Lighter RH against Polymarket Perps−0.033%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$180.180% of the position

Long on Polymarket Perps Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days+0.070%+$7 · spread now −0.033%, 7d avg +0.012%

Together, before fees+0.041%+ Points / potential airdropLighter RH: Points live · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.045% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SPCX-USD	152.84	0.0050	pay 0.0006% / 1h	13m 32s	$489K	$1.1M	10x
Short	Lighter RH SPCX	152.79	0.0032	get 0.0004% / 1h	13m 32s	$2.5M	$7.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Polymarket Perps. 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 Polymarket PerpsbpFee Lighter RHbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$3.78
Price spread: −0.033% → +0.012%: −$4.52
Slippage, 4 orders: −$10.03
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$26.32
Costs to cover: 0.180%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Lighter RH: live order book, 5 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 Polymarket Perps live order book, 5 min ago	2.29 bp	8.2 bp −$8	9.1 bp −$91	10.4 bp −$1,041	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.64 bp	1.8 bp −$2	3.4 bp −$34	32.7 bp −$3,273	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 −0.0280% / S +0.0494%	1h	152.82	−0.010%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.86	+0.013%	$96.6M	$31.5M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.873%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.81	−0.020%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.07	+0.150%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.87	+0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.83	−0.006%	$7K	$10K	10x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	152.79	−0.033%	$2.5M	$7.6M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.885%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.81	−0.020%	$105K	$297K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.83	−0.007%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USDlong	+0.0050%	1h	152.84	long leg	$489K	$1.1M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.87	+0.020%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.79	−0.033%	$534K	$411K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.75	−0.059%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.86	+0.013%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDT	+0.0079%	8h	152.88	+0.026%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0096%	8h	152.89	+0.030%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.76	−0.052%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.76	−0.052%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.88	+0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.86	+0.013%	$15K	$7K	10x	as long as short
Lighter SPCX	+0.0104%	1h	152.84	0.000%	$1.6M	$7.5M	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.89	+0.031%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0153%	8h	152.90	+0.039%	$30.7M	$42.8M	100x	as long as short
Bullet SPCX-USD	+0.0156%	1h	152.88	+0.026%	$12K	$188K	10x	as long as short
Variational Omni SPCX	+0.0178%	8h	152.85	+0.008%	$6.0M	$3.4M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0196%	8h	152.88	+0.026%	$38.9M	$169.5M	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.86	+0.012%	$734K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0201%	8h	152.89	+0.033%	$252.7M	$1.39B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0250%	1h	152.82	−0.013%	$143.4M	$119.5M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.86	+0.013%	$445K	$269K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.085%	$733K	$970K	10x	as long as short
Nado SPCX-PERP	+0.0296%	1h	152.75	−0.057%	$601K	$885K	20x	as long as short
Aster SPCXUSD1	+0.0301%	8h	152.95	+0.073%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0312%	8h	152.89	+0.033%	$31.2M	$67.1M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.94	+0.063%	$403K	$539K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0470%	1h	152.85	+0.007%	$71K	$1.0M	10x	as long as short
edgeX SPCXUSDC	+0.0534%	4h	152.85	+0.008%	$1.7M	$894K	20x	as long as short