SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0084%/8h= −9.3% APRnext payment −$0.11 per $10,000 · paid last 24h −0.005%

Price spread now: Lighter RH against Polymarket Perps−0.052%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

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

costs, in and out, $10k−$170.166% 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+0.081%+$8 · spread now −0.052%, 7d avg +0.012%

Together, before fees+0.052%+ Points / potential airdropLighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter RH is 0.064% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 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	153.06	0.0116	pay 0.0015% / 1h	48m 18s	$490K	$1.1M	10x
Short	Lighter RH SPCX	152.98	0.0032	get 0.0004% / 1h	48m 18s	$2.5M	$7.4M	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 −0.052%Rate

Funding earned: −$17.74
Price spread: −0.052% → +0.012%: −$6.4
Slippage, 4 orders: −$8.61
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$40.74
Costs to cover: 0.166%
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	1.96 bp	6.7 bp −$7	7.2 bp −$72	8.9 bp −$890	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.63 bp	1.8 bp −$2	3.5 bp −$35	35.5 bp −$3,547	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 −0.0296% / S +0.0505%	1h	153.06	+0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.07	+0.007%	$96.6M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.714%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	−0.072%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.35	+0.189%	$8K	$962K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.08	+0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.98	−0.051%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.00	−0.039%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	152.98	−0.052%	$2.5M	$7.4M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.737%	$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	153.08	+0.013%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.08	+0.013%	$1.7M	$81K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.07	+0.007%	$534K	$415K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.89	−0.111%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.06	0.000%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0092%	8h	153.11	+0.033%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.99	−0.046%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.94	−0.078%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	+0.039%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	+0.026%	$15K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0100%	8h	153.11	+0.031%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.07	+0.009%	$89	—	10x	as long as short
Polymarket Perps SPCX-USDlong	+0.0116%	1h	153.06	long leg	$490K	$1.1M	10x
Bybit SPCXUSDT	+0.0152%	8h	153.12	+0.039%	$30.8M	$42.8M	100x	as long as short
Nado SPCX-PERP	+0.0179%	1h	152.96	−0.064%	$601K	$865K	20x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.01	−0.033%	$105K	$297K	5x	as long as short
Variational Omni SPCX	+0.0194%	8h	153.06	+0.001%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0203%	8h	153.14	+0.052%	$39.1M	$169.3M	75x	as long as short
Binance SPCXUSDT	+0.0212%	8h	153.10	+0.028%	$252.9M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0216%	1h	153.07	+0.007%	$732K	$3.7M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0297%	1h	153.05	−0.007%	$143.4M	$119.2M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	153.06	0.000%	$445K	$271K	15x	as long as short
Bullet SPCX-USD	+0.0318%	1h	153.10	+0.026%	$11K	$187K	10x	as long as short
Aster SPCXUSD1	+0.0327%	8h	153.04	−0.014%	$19.0M	$20.2M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.052%	$734K	$971K	10x	as long as short
Bitget SPCXUSDT	+0.0343%	8h	153.13	+0.046%	$31.3M	$66.6M	75x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.10	+0.028%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0475%	4h	153.08	+0.011%	$1.7M	$893K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0534%	1h	153.09	+0.020%	$71K	$1.0M	10x	as long as short