SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0178%/8h= −19.4% APRnext payment −$0.22 per $10,000 · paid last 24h −0.050%

Price spread now: Lighter RH against Phoenix−0.026%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$160.165% of the position

Long on Phoenix Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.026%, 7d avg −0.048%

Together, before fees−0.121%+ Points / potential airdropLighter RH: Points live · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.021% dearer against Phoenix than usual: you sell high and buy low (spread −0.026% now, against its 7-day average of −0.048%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.033% in total) that is about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SPCX	152.40	0.0210	pay 0.0026% / 1h	25m 20s	$443K	$266K	15x
Short	Lighter RH SPCX	152.36	0.0032	get 0.0004% / 1h	25m 20s	$2.5M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Phoenix. 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 PhoenixbpFee Lighter RHbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$37.29
Price spread: −0.026% → −0.048%: $2.13
Slippage, 4 orders: −$9.46
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$51.62
Costs to cover: 0.165%
Break-even: never at this rate

Slippage from Phoenix: live order book, 17 min ago; Lighter RH: live order book, 3 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 Phoenix live order book, 17 min ago	0.33 bp	6.4 bp −$6	20.3 bp −$203	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.31 bp	2.3 bp −$2	3.7 bp −$37	31.3 bp −$3,126	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 −0.0187% / S +0.0435%	1h	152.34	−0.043%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0001%	8h	152.41	+0.007%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.43	+0.020%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.39	−0.007%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.42	+0.013%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.204%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.013%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.203%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.47	+0.046%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.34	−0.038%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCXshort	+0.0032%	1h	152.36	−0.026%	$2.5M	$7.3M	20x
QFEX SPCX-USD	+0.0038%	1h	152.42	+0.013%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.34	−0.039%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.36	−0.026%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	−0.020%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.39	−0.007%	$531K	$379K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.23	−0.112%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.44	+0.028%	$393K	$505K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.30	−0.066%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.26	−0.092%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.29	−0.072%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.43	+0.020%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.41	+0.008%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0104%	8h	152.41	+0.005%	$5.9M	$2.8M	—	as long as short
tradeXYZ xyz:SPCX	+0.0108%	1h	152.33	−0.046%	$130.1M	$129.1M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0112%	8h	152.43	+0.023%	$101	—	5x	as long as short
Extended SPCX-USD	+0.0120%	1h	152.39	−0.004%	$733K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0121%	8h	152.43	+0.020%	$251.7M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0130%	8h	152.42	+0.013%	$39.5M	$166.7M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0136%	1h	152.40	0.000%	$487K	$1.2M	10x	as long as short
Lighter SPCX	+0.0136%	1h	152.35	−0.033%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.026%	$732K	$938K	10x	as long as short
Phoenix SPCXlong	+0.0210%	1h	152.40	long leg	$443K	$266K	15x
Nado SPCX-PERP	+0.0259%	1h	152.28	−0.081%	$626K	$808K	20x	as long as short
edgeX SPCXUSDC	+0.0267%	4h	152.40	−0.001%	$1.7M	$891K	20x	as long as short
Bullet SPCX-USD	+0.0292%	1h	152.42	+0.013%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0387%	8h	152.55	+0.095%	$18.8M	$29.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.269%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0604%	1h	152.39	−0.007%	$89K	$1.3M	10x	as long as short