Funding you earn now, next payment 03:00 UTC+0.0189%/8h= +20.7% APRnext payment +$0.24 per $10,000 · paid last 24h +0.036%
Price spread now: Nado against Lighter RH+0.003%48s7-day average +0.047% · 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—prices read too far apart to compare
costs, in and out, $10k−$210.210% of the position
Funding, last 3 days (all we have)+0.042%+$4 on $10k
+Price spread, last 7 days+0.073%+$7 · spread now +0.003%, 7d avg +0.047%
=Together, before fees+0.115%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.044% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.047%). If the spread goes back, that is −$4 on $10k: about 19 hours of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.042% in total) that is about 3.5 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.042% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SPCX | 152.90 | 0.0032 | pay 0.0004% / 1h | 46m 41s | $2.5M | $7.2M | 20x |
| Short | Nado SPCX-PERP | 152.91 | 0.0221 | get 0.0028% / 1h | 46m 41s | $622K | $832K | 20x |
Lighter RH SPCX
Nado SPCX-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $39.75
- Price spread: +0.003% → +0.047%
- −$4.41
- Slippage, 4 orders
- −$14.02
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $14.32
- Costs to cover
- 0.210%
- Break-even
- 4.5 days
Slippage from Lighter RH: live order book, 2 min ago; Nado: live order book, 17 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, 2 min ago | 1.63 bp | 2.5 bp −$3 | 4.0 bp −$40 | 29.6 bp −$2,963 | doesn't fit |
| Sell Nado live order book, 17 min ago | 0.33 bp | 9.2 bp −$9 | 25.8 bp −$258 | 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 −0.0333% / S +0.0531% | 1h | 152.96 | +0.036% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.95 | +0.033% | $96.0M | $31.2M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.53 | +12.835% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.90 | 0.000% | $302K | $3.0M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.23 | +0.216% | $8K | $941K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 153.01 | +0.072% | $1.3M | $1.7M | 75x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0012% | 1h | 152.92 | +0.013% | $72K | $1.2M | 10x | as long as short |
| Aftermath Perps SPCXUSD | +0.0025% | 1h | 152.95 | +0.031% | $7K | $8K | 10x | as long as short |
| Lighter RH SPCXlong | +0.0032% | 1h | 152.90 | long leg | $2.5M | $7.2M | 20x | |
| Bitget SPCXUSDT | +0.0035% | 8h | 153.01 | +0.072% | $31.7M | $66.1M | 75x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Deribit SPCX_USDC-PERPETUAL
Aftermath Perps SPCXUSD
Bitget SPCXUSDTShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPCX-USD | +0.0040% | 1h | 152.91 | +0.007% | $105K | $297K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.97 | +0.046% | — | $1.2M | 10x | as long as short |
| Lighter SPCX | +0.0048% | 1h | 152.93 | +0.020% | $1.6M | $7.2M | 20x | as long as short |
| QFEX SPCX-USD | +0.0048% | 1h | 152.96 | +0.039% | $1.2M | $6.6M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.94 | +0.026% | $499K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.95 | +0.033% | $1.7M | $92K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.94 | +0.026% | $534K | $405K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.84 | −0.039% | $3.2M | $2.5M | 10x | as long as short |
| Bybit SPCXUSDT | +0.0056% | 8h | 152.96 | +0.039% | $30.8M | $42.8M | 100x | as long as short |
| Paradex SPCX-USD-PERP | +0.0078% | 8h | 152.99 | +0.057% | $101 | — | 5x | as long as short |
| BloFin SPCX-USDT | +0.0081% | 8h | 152.97 | +0.046% | — | $1.4M | 75x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.86 | −0.026% | $169K | $129K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.91 | +0.007% | $13.0M | $5.4M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.99 | +0.059% | $58K | $272K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 153.01 | +0.072% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.96 | +0.042% | $89 | — | 10x | as long as short |
| Bullet SPCX-USD | +0.0165% | 1h | 152.97 | +0.046% | $11K | $190K | 10x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0188% | 8h | 152.98 | +0.052% | $39.4M | $167.9M | 75x | as long as short |
| Variational Omni SPCX | +0.0193% | 8h | 152.98 | +0.049% | $6.0M | $3.1M | — | as long as short |
| RISEx SPCX/USDC | +0.0199% | 1h | 153.00 | +0.065% | $408K | $549K | 20x | as long as short |
| Extended SPCX-USD | +0.0200% | 1h | 152.93 | +0.023% | $736K | $3.8M | 10x | as long as short |
| Binance SPCXUSDT | +0.0200% | 8h | 152.96 | +0.039% | $252.5M | $1.37B | 75x | as long as short |
| tradeXYZ xyz:SPCX | +0.0215% | 1h | 152.94 | +0.026% | $142.0M | $119.3M | 20x | as long as short |
| Nado SPCX-PERPshort | +0.0221% | 1h | 152.91 | +0.003% | $622K | $832K | 20x | |
| Coinbase International SPCX-PERP-INTX | +0.0256% | 1h | 153.01 | +0.072% | $738K | $980K | 10x | as long as short |
| Phoenix SPCX | +0.0262% | 1h | 152.97 | +0.046% | $445K | $267K | 15x | as long as short |
| edgeX SPCXUSDC | +0.0389% | 4h | 152.96 | +0.039% | $1.7M | $893K | 20x | as long as short |
| Aster SPCXUSD1 | +0.0409% | 8h | 153.06 | +0.108% | $19.0M | $15.7M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0440% | 1h | 153.28 | +0.249% | $9K | $27K | 5.5x | as long as short |
Arcus SPCX-USD
Vest SPCX-USD-PERP
Lighter SPCX
QFEX SPCX-USD
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
Bybit SPCXUSDT
Paradex SPCX-USD-PERP
BloFin SPCX-USDT
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Bullet SPCX-USD
OKX SPCX-USDT-SWAP
Variational Omni SPCX
RISEx SPCX/USDC
Extended SPCX-USD
Binance SPCXUSDT
tradeXYZ xyz:SPCX
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
edgeX SPCXUSDC
Aster SPCXUSD1
Injective SPCX/USDC PERP