SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.004%

Price spread now: Polymarket Perps against Lighter+0.033%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$140.141% 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+0.017%+$2 on $10k

Price spread, last 7 days−0.132%−$13 · spread now +0.033%, 7d avg −0.031%

Together, before fees−0.115%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.063% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPCX	152.55	0.0032	pay 0.0004% / 1h	23m 33s	$1.7M	$7.2M	20x
Short	Polymarket Perps SPCX-USD	152.60	0.0050	get 0.0006% / 1h	23m 33s	$488K	$1.1M	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 +0.033%Rate

Funding earned: $3.78
Price spread: +0.033% → −0.031%: $6.34
Slippage, 4 orders: −$6.14
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$4.02
Costs to cover: 0.141%
Break-even: 14.4 days

Slippage from Lighter: live order book, 5 min ago; Polymarket Perps: 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 Lighter live order book, 5 min ago	0.65 bp	0.8 bp −$1	1.8 bp −$18	9.6 bp −$965	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	2.29 bp	6.3 bp −$6	7.0 bp −$70	9.5 bp −$955	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 −0.0272% / S +0.0488%	1h	152.59	+0.023%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.59	+0.026%	$96.5M	$30.9M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.088%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.66	+0.072%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.83	+0.184%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.61	+0.039%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	152.59	+0.027%	$7K	$10K	10x	as long as short
Lighter SPCXlong	+0.0032%	1h	152.55	long leg	$1.7M	$7.2M	20x
Lighter RH SPCX	+0.0032%	1h	152.55	0.000%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.081%	$9K	$27K	5.5x	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	152.59	+0.026%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USDshort	+0.0050%	1h	152.60	+0.033%	$488K	$1.1M	10x
SoDEX SPCX-USD	+0.0050%	1h	152.59	+0.026%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.61	+0.039%	$538K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.48	−0.046%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.61	+0.039%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0068%	8h	152.62	+0.047%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0077%	8h	152.66	+0.072%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0083%	1h	152.61	+0.040%	$11K	$188K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.52	−0.020%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−0.020%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.65	+0.066%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.65	+0.066%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.64	+0.062%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0136%	8h	152.64	+0.059%	$30.8M	$42.3M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0138%	1h	152.58	+0.020%	$129.9M	$107.4M	20x	as long as short
Variational Omni SPCX	+0.0177%	8h	152.63	+0.050%	$6.0M	$3.9M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0181%	8h	152.61	+0.039%	$38.9M	$168.4M	75x	as long as short
Binance SPCXUSDT	+0.0197%	8h	152.62	+0.043%	$255.4M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.59	+0.024%	$715K	$3.6M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.57	+0.013%	$71K	$1.1M	10x	as long as short
Nado SPCX-PERP	+0.0227%	1h	152.50	−0.030%	$624K	$872K	20x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.55	0.000%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0246%	8h	152.70	+0.098%	$19.0M	$21.8M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	+0.105%	$741K	$947K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.63	+0.052%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0315%	8h	152.64	+0.059%	$31.0M	$66.5M	75x	as long as short
edgeX SPCXUSDC	+0.0461%	4h	152.62	+0.047%	$1.7M	$892K	20x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.66	+0.075%	$402K	$541K	20x	as long as short