SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h −0.003%

Price spread now: Lighter against Polymarket Perps−0.026%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$120.122% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days+0.098%+$10 · spread now −0.026%, 7d avg +0.027%

Together, before fees+0.083%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.053% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.027%). If the spread goes back, that is −$5 on $10k: about 5.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SPCX-USD	152.53	0.0055	pay 0.0007% / 1h	44m 04s	$487K	$1.2M	10x
Short	Lighter SPCX	152.49	0.0088	get 0.0011% / 1h	44m 04s	$1.6M	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.026%Rate

Funding earned: $6.92
Price spread: −0.026% → +0.027%: −$5.33
Slippage, 4 orders: −$4.2
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$10.61
Costs to cover: 0.122%
Break-even: 17.7 days

Slippage from Polymarket Perps: live order book, 4 min ago; Lighter: 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 Polymarket Perps live order book, 4 min ago	1.31 bp	5.3 bp −$5	5.9 bp −$59	8.1 bp −$813	doesn't fit
Sell Lighter live order book, 4 min ago	0.33 bp	0.7 bp −$1	1.1 bp −$11	8.7 bp −$866	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	152.49	−0.030%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0018%	8h	152.59	+0.039%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.57	+0.026%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.54	+0.007%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.59	+0.039%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.112%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.62	+0.059%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.82	+0.190%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.63	+0.066%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.50	−0.018%	$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 SPCX	+0.0032%	1h	152.48	−0.033%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.55	+0.013%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.50	−0.020%	$105K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.50	−0.020%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.54	+0.007%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.51	−0.013%	$531K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.39	−0.092%	$3.2M	$2.2M	10x	as long as short
Polymarket Perps SPCX-USDlong	+0.0055%	1h	152.53	long leg	$487K	$1.2M	10x
RISEx SPCX/USDC	+0.0072%	1h	152.60	+0.047%	$408K	$498K	20x	as long as short
Paradex SPCX-USD-PERP	+0.0075%	8h	152.58	+0.036%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0077%	1h	152.47	−0.039%	$130.1M	$129.1M	20x	as long as short
Variational Omni SPCX	+0.0084%	8h	152.58	+0.032%	$6.0M	$2.8M	—	as long as short
Lighter SPCXshort	+0.0088%	1h	152.49	−0.026%	$1.6M	$7.4M	20x
Pacifica SPCX	+0.0100%	1h	152.47	−0.039%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.46	−0.046%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.62	+0.059%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.57	+0.026%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0102%	8h	152.57	+0.027%	$250.8M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.54	+0.004%	$733K	$4.5M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.56	+0.019%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0114%	8h	152.58	+0.033%	$39.6M	$166.8M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.059%	$726K	$932K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.56	+0.020%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0221%	1h	152.42	−0.070%	$627K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0256%	1h	152.56	+0.021%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0362%	8h	152.69	+0.105%	$18.9M	$26.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.236%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0472%	1h	152.52	−0.007%	$89K	$1.3M	10x	as long as short
edgeX SPCXUSDC	+0.0758%	4h	152.59	+0.038%	$1.7M	$893K	20x	as long as short