Funding you earn now, next payment 11:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%
Price spread now: Lighter RH against Vest−0.033%46s7-day average +0.024% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.015%−$1 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now −0.033%, 7d avg +0.024%
=Together, before fees−0.021%+ Points / potential airdropVest: Active · Lighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Lighter RH is 0.057% cheaper against Vest than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.024%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SPCX-USD-PERP | 152.62 | 0.0046 | pay 0.0006% / 1h | 43m 30s | — | $1.2M | 10x |
| Short | Lighter RH SPCX | 152.57 | 0.0032 | get 0.0004% / 1h | 43m 30s | $2.5M | $7.2M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Vest. 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
- −$2.87
- Price spread: −0.033% → +0.024%
- −$5.71
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$10.59
- Costs to cover
- 0.020%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Lighter RH: live order book, 3 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 3 min ago | 1.31 bp | 1.6 bp −$2 | 3.3 bp −$33 | 29.3 bp −$2,925 | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SPCX on 38 exchanges
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 | 152.56 | −0.036% | $90K | — | 20x | as long as short |
| BloFin SPCX-USDT | −0.0058% | 8h | 152.66 | +0.026% | $1.9M | $1.2M | 75x | as long as short |
| Bybit SPCXUSDT | 0.0000% | 8h | 152.69 | +0.046% | $30.1M | $43.3M | 100x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.66 | +0.026% | $96.3M | $32.7M | 100x | as long as short |
| Bitget SPCXUSDT | 0.0000% | 8h | 152.70 | +0.052% | $31.0M | $67.0M | 75x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.67 | +0.033% | $306K | $2.6M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 152.89 | +0.177% | $8K | $817K | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | 0.0000% | 1h | 152.59 | −0.020% | $44K | $1.4M | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.71 | +0.059% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0021% | 1h | 152.61 | −0.005% | $7K | $7K | 10x | as long as short |
Show all 38 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX SPCX-USD | +0.0030% | 1h | 152.63 | +0.007% | $1.2M | $5.4M | 10x | as long as short |
| Variational Omni SPCX | +0.0030% | 8h | 152.62 | −0.003% | $5.9M | $2.7M | — | as long as short |
| Lighter SPCX | +0.0032% | 1h | 152.60 | −0.013% | $1.6M | $7.4M | 20x | as long as short |
| Lighter RH SPCXshort | +0.0032% | 1h | 152.57 | −0.033% | $2.5M | $7.2M | 20x | |
| Injective SPCX/USDC PERP | +0.0033% | 1h | 152.78 | +0.105% | $9K | $28K | 5.5x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.59 | −0.020% | $103K | $294K | 5x | as long as short |
| Vest SPCX-USD-PERPlong | +0.0046% | 1h | 152.62 | long leg | — | $1.2M | 10x | |
| tradeXYZ xyz:SPCX | +0.0050% | 1h | 152.58 | −0.026% | $128.3M | $129.7M | 20x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.63 | +0.007% | $1.7M | $101K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.58 | −0.026% | $533K | $369K | 50x | as long as short |
| Paradex SPCX-USD-PERP | +0.0050% | 8h | 152.63 | +0.010% | $101 | — | 5x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.51 | −0.072% | $3.0M | $2.1M | 10x | as long as short |
| RISEx SPCX/USDC | +0.0051% | 1h | 152.70 | +0.052% | $351K | $510K | 20x | as long as short |
| Extended SPCX-USD | +0.0056% | 1h | 152.63 | +0.009% | $728K | $5.3M | 10x | as long as short |
| Binance SPCXUSDT | +0.0058% | 8h | 152.68 | +0.039% | $251.8M | $1.38B | 75x | as long as short |
| Bullet SPCX-USD | +0.0066% | 1h | 152.67 | +0.033% | $12K | $191K | 10x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0083% | 8h | 152.70 | +0.052% | $39.5M | $168.5M | 75x | as long as short |
| Polymarket Perps SPCX-USD | +0.0097% | 1h | 152.65 | +0.020% | $486K | $1.1M | 10x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.56 | −0.039% | $169K | $118K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.60 | −0.013% | $13.0M | $6.2M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.57 | −0.033% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.67 | +0.033% | $15K | $7K | 10x | as long as short |
| Nado SPCX-PERP | +0.0103% | 1h | 152.60 | −0.012% | $633K | $806K | 20x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.63 | +0.006% | $89 | — | 10x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0136% | 1h | 152.70 | +0.052% | $735K | $1.1M | 10x | as long as short |
| edgeX SPCXUSDC | +0.0184% | 4h | 152.62 | −0.002% | $1.7M | $891K | 20x | as long as short |
| Phoenix SPCX | +0.0209% | 1h | 152.68 | +0.039% | $448K | $271K | 15x | as long as short |
| Aster SPCXUSD1 | +0.0399% | 8h | 152.83 | +0.138% | $19.0M | $30.6M | 20x | as long as short |
Lighter RH SPCX
GMX SPCX/USD [ETH-USDC]
BloFin SPCX-USDT
Bybit SPCXUSDT
Gate SPCX_USDT
Bitget SPCXUSDT
StandX SPCX-USD
SunX SPCX-USDT
Deribit SPCX_USDC-PERPETUAL
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Variational Omni SPCX
Lighter SPCX
Injective SPCX/USDC PERP
tradeXYZ xyz:SPCX
SoDEX SPCX-USD
Phemex SPCXUSDT
Paradex SPCX-USD-PERP
RISEx SPCX/USDC
Extended SPCX-USD
Binance SPCXUSDT
Bullet SPCX-USD
OKX SPCX-USDT-SWAP
Polymarket Perps SPCX-USD
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Coinbase International SPCX-PERP-INTX
edgeX SPCXUSDC
Phoenix SPCX
Aster SPCXUSD1