SPCX funding rates

SPCX perpetual funding across 13 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
7.5%long RISEx, short Arcus · net 4.8%
Highest funding now
33.3%Extended
Lowest funding now
0.0%RISEx
Listed on
13 venues

Funding by venue

7d chartFlagsOpen
ExtendedSPCX-USD33.3%16.3%4.6%6.1%2.7%32%1h08:00162.38$794k$7.2MTradFiExExtended
VariationalSPCX31.7%13.8%4.0%5.5%2.4%30%8h—162.59$3.5M$7.4MTradFiVaVariational
AsterSPCXUSD129.9%9.9%1.7%5.5%0.3%38%8h08:00162.57$19.3M$34.2MTradFiAsAster
BybitCEXSPCXUSDT23.1%4.5%2.0%4.9%1.6%23%8h08:00162.61$37.4M$59.9MTradFiByBybit
Lighter RHSPCX18.4%9.7%5.6%4.1%4.9%100%1h08:00162.73$3.3M$8.7MTradFiLrLighter RH
RWA PerpPERP_SPCX_USDC_mythos10.9%10.8%10.8%10.8%10.8%100%8h08:00162.50$12k$748TradFiRwRWA Perp
NadoSPCX-PERP_USDT09.3%5.9%−0.9%6.9%−2.0%45%1h08:00162.50$765k$1.9MTradFiNaNado
PolymarketSPCX-USD5.5%5.5%5.6%6.8%5.7%100%1h08:00162.34$437k$75kTradFiPmPolymarket
GateCEXSPCX_USDT4.9%0.6%0.2%0.2%0.1%8%8h08:00162.63$143.1M$52.7MTradFiGtGate
ArcusSPCX-USD4.2%−5.8%6.1%10.3%8.0%83%1h08:00162.41$719k$1.8MTradFiArArcus
LighterSPCX3.5%3.5%1.2%3.5%0.8%83%1h08:00162.53$3.6M$7.1MTradFiLiLighter
RISExSPCX/USDC0.0%0.0%−1.5%4.8%−1.7%10%1h08:00162.54$539k$441kTradFiRxRISEx
BitgetCEXSPCXUSDT0.0%13.1%4.6%8.1%3.1%34%8h08:00162.60$36.4M$58.6MTradFiBgBitget

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
RISExLighter RH18.4%9.7%7.1%−1.3%5.5%8.3%3.1dsteady$539kTradFiRxLrcalc
RISExArcus4.2%−5.8%7.5%5.5%4.8%7.2%5.1dcooling$539kTradFiRxArcalc
NadoLighter RH9.1%3.7%6.5%−3.3%4.7%7.0%3.9dsteady$765kTradFiNaLrcalc
LighterLighter RH14.9%6.2%4.4%0.7%4.4%6.7%<0.1dweak$3.3MTradFiLiLrcalc
NadoArcus−5.1%−11.8%6.9%3.4%3.9%5.9%6.1dcooling$719kTradFiNaArcalc
RISExVariational31.7%13.8%5.5%0.7%3.9%5.8%4.0dweak$539k1h/8hTradFispread not incl.RxVacalc
LighterArcus0.7%−9.3%4.9%6.7%3.7%5.6%3.4dcooling$719kTradFiLiArcalc
RISExPolymarket5.5%5.5%7.1%2.0%3.5%5.2%7.2dsteady$437kTradFiinvite onlyRxPmcalc
NadoVariational22.5%7.8%4.9%−1.4%3.1%4.6%5.2dweak$765k1h/8hTradFispread not incl.NaVacalc
NadoPolymarket−3.8%−0.5%6.5%−0.1%2.6%3.9%8.4dcooling$437kTradFiinvite onlyNaPmcalc
LighterPolymarket2.0%2.0%4.5%3.2%2.4%3.6%6.5dweak$437kTradFiinvite onlyLiPmcalc
NadoExtended24.0%10.4%5.5%−0.8%2.4%3.6%8.0dweak$765kTradFiNaExcalc
AsterLighter RH−11.5%−0.2%3.9%−1.3%1.9%2.8%7.4dweak$3.3M8h/1hTradFiAsLrcalc
VariationalLighter RH−13.3%−4.1%1.6%−1.5%1.6%2.4%<0.1dweak$3.3M8h/1hTradFispread not incl.VaLrcalc
RISExExtended33.3%16.3%6.1%1.3%3.2%4.8%6.6dspike ×3.7$539kTradFiRxExcalc
GateCEXLighter RH13.5%9.1%5.4%3.9%1.5%2.3%10dweak$3.3M8h/1hTradFiGtLrcalc
LighterVariational28.2%10.3%2.8%2.0%2.8%4.2%<0.1dmixed$3.5M1h/8hTradFispread not incl.LiVacalc
RISExBitgetCEX0.0%13.1%6.0%3.3%1.3%2.0%11dweak$539k1h/8hTradFiRxBgcalc
AsterArcus−25.8%−15.7%4.4%5.7%1.1%1.7%10dcooling$719k8h/1hTradFiAsArcalc
RISExLighter3.5%3.5%2.6%−1.3%1.1%1.6%8.3dweak$539kTradFiRxLicalc
LighterExtended29.8%12.8%3.4%2.6%2.1%3.2%5.3dmixed$794kTradFiLiExcalc
VariationalArcus−27.6%−19.6%2.1%4.8%0.9%1.3%8.0dcooling$719k8h/1hTradFispread not incl.VaArcalc
GateCEXArcus−0.8%−6.4%5.9%10.1%0.8%1.1%12dcooling$719k8h/1hTradFiGtArcalc
BybitCEXLighter RH−4.7%5.2%3.6%−1.2%0.7%1.0%11dweak$3.3M8h/1hTradFiByLrcalc
NadoBitgetCEX−9.3%7.1%5.4%1.2%0.5%0.7%13dcooling$765k1h/8hTradFiNaBgcalc
AsterVariational1.8%3.9%2.3%0.5%0.2%0.4%13dweak$3.5MTradFispread not incl.AsVacalc
NadoLighter−5.8%−2.4%2.1%−3.4%0.2%0.4%12dweak$765kTradFiNaLicalc
LighterBitgetCEX−3.5%9.6%3.4%4.6%0.3%0.4%13dmixed$3.6M1h/8hTradFiLiBgcalc
BybitCEXArcus−18.9%−10.3%4.0%5.4%0.0%−0.1%14dcooling$719k8h/1hTradFiByArcalc
GateCEXVariational26.8%13.2%3.8%5.3%−0.1%−0.2%14dweak$3.5MTradFispread not incl.GtVacalc
AsterPolymarket−24.4%−4.4%4.0%1.6%−0.2%−0.3%15dcooling$437k8h/1hTradFiinvite onlyAsPmcalc
ExtendedLighter RH−14.9%−6.7%1.0%−2.2%−0.3%−0.5%18dweak$794kTradFiExLrcalc
VariationalPolymarket−26.3%−8.3%1.7%1.3%−0.4%−0.7%18dweak$437k8h/1hTradFiinvite onlyspread not incl.VaPmcalc
AsterExtended3.4%6.5%2.9%1.3%−0.4%−0.7%16dweak$794k8h/1hTradFiAsExcalc
RISExAster29.9%9.9%3.1%0.0%−0.5%−0.8%16dweak$539k1h/8hTradFiRxAscalc
GateCEXPolymarket0.5%4.9%5.4%6.6%−0.6%−0.8%15dsteady$437k8h/1hTradFiinvite onlyGtPmcalc
VariationalExtended1.5%2.5%0.6%0.6%−0.7%−1.0%29dweak$794k8h/1hTradFispread not incl.VaExcalc
Lighter RHArcus−14.2%−15.5%0.4%6.2%−0.7%−1.1%37dweak$719kTradFiLrArcalc
BybitCEXVariational8.7%9.3%1.9%0.6%−0.9%−1.4%21dweak$3.5MTradFispread not incl.ByVacalc
RISExBybitCEX23.1%4.5%3.5%0.1%−0.9%−1.4%18dweak$539k1h/8hTradFiRxBycalc
ExtendedArcus−29.1%−22.1%1.4%4.2%−1.0%−1.6%24dcooling$719kTradFiExArcalc
BybitCEXPolymarket−17.6%1.0%3.6%1.9%−1.4%−2.0%19dweak$437k8h/1hTradFiinvite onlyByPmcalc
NadoAster20.6%3.9%2.5%−3.2%−1.4%−2.0%21dweak$765k1h/8hTradFiNaAscalc
GateCEXExtended28.4%15.7%4.4%5.9%−0.8%−1.2%17dspike ×6.2$794k8h/1hTradFiGtExcalc
BybitCEXExtended10.2%11.9%2.6%1.2%−1.6%−2.4%23dweak$794k8h/1hTradFiByExcalc
NadoBybitCEX13.8%−1.5%2.9%−2.0%−1.8%−2.6%22dweak$765k1h/8hTradFiNaBycalc
Lighter RHPolymarket−12.9%−4.2%0.0%2.9%−2.1%−3.1%905dweak$437kTradFiinvite onlyLrPmcalc
BitgetCEXLighter RH18.4%−3.4%1.1%−4.7%−2.1%−3.1%42dweak$3.3M8h/1hTradFiBgLrcalc
AsterBitgetCEX−29.9%3.2%2.9%3.7%−2.3%−3.5%25dweak$19.3MTradFiAsBgcalc
ExtendedPolymarket−27.8%−10.8%1.0%0.6%−2.4%−3.5%46dweak$437kTradFiinvite onlyExPmcalc
VariationalBitgetCEX−31.7%−0.7%0.6%2.6%−2.6%−3.8%78dweak$3.5MTradFispread not incl.VaBgcalc
GateCEXBitgetCEX−4.9%12.5%4.4%7.9%−2.7%−4.0%23dweak$36.4MTradFiGtBgcalc
BitgetCEXArcus4.2%−18.9%1.5%2.2%−2.8%−4.2%40dweak$719k8h/1hTradFiBgArcalc
GateCEXLighter−1.4%2.9%1.0%3.3%−2.9%−4.4%56dweak$3.6M8h/1hTradFiGtLicalc
LighterAster26.4%6.4%0.5%2.0%−1.6%−2.4%60dmixed$3.6M1h/8hTradFiLiAscalc
Lighter RHVariational13.3%4.1%−1.6%1.5%−1.6%−2.4%—mixed$3.3M1h/8hTradFispread not incl.LrVacalc
BybitCEXBitgetCEX−23.1%8.6%2.5%3.2%−3.5%−5.2%33dweak$36.4MTradFiByBgcalc
ArcusPolymarket1.3%11.3%−0.4%−3.5%−3.7%−5.5%—weak$437kTradFiinvite onlyArPmcalc
BitgetCEXVariational31.7%0.7%−0.6%−2.6%−3.7%−5.5%—weak$3.5MTradFispread not incl.BgVacalc
RISExGateCEX4.9%0.6%1.7%−4.6%−3.8%−5.7%46dweak$539k1h/8hTradFiRxGtcalc
LighterBybitCEX19.6%1.0%0.9%1.4%−2.0%−3.0%46dmixed$3.6M1h/8hTradFiLiBycalc
BitgetCEXPolymarket5.5%−7.6%1.1%−1.4%−4.1%−6.2%67dweak$437k8h/1hTradFiinvite onlyBgPmcalc
PolymarketLighter RH12.9%4.2%0.0%−2.9%−2.1%−3.2%—mixed$437kTradFiinvite onlyPmLrcalc
BitgetCEXExtended33.3%3.2%0.1%−2.0%−4.4%−6.6%>999dweak$794k8h/1hTradFiBgExcalc
GateCEXAster25.0%9.3%1.5%5.3%−4.5%−6.8%57dweak$19.3MTradFiGtAscalc
AsterBybitCEX−6.8%−5.4%0.4%0.1%−4.6%−6.9%183dweak$19.3MTradFiAsBycalc
Lighter RHExtended14.9%6.7%−1.0%2.2%−2.3%−3.5%—mixed$794kTradFiLrExcalc
GateCEXBybitCEX18.2%3.9%1.8%4.7%−4.9%−7.4%51dweak$37.4MTradFiGtBycalc
BybitCEXAster6.8%5.4%−0.4%−0.1%−5.3%−8.0%—weak$19.3MTradFiByAscalc
RISExNado9.3%5.9%0.6%2.1%−2.8%−4.2%82dmixed$539kTradFiRxNacalc
PolymarketArcus−1.3%−11.3%0.4%3.5%−2.9%−4.3%112dmixed$437kTradFiinvite onlyPmArcalc
ArcusLighter RH14.2%15.5%−0.4%−6.2%−1.6%−2.4%—spike$719kTradFiArLrcalc
PolymarketVariational26.3%8.3%−1.7%−1.3%−3.7%−5.6%—mixed$437k1h/8hTradFiinvite onlyspread not incl.PmVacalc
LighterNado5.8%2.4%−2.1%3.4%−3.9%−5.8%—mixed$765kTradFiLiNacalc
BitgetCEXAster29.9%−3.2%−2.9%−3.7%−8.1%−12.2%—weak$19.3MTradFiBgAscalc
BitgetCEXBybitCEX23.1%−8.6%−2.5%−3.2%−8.5%−12.8%—weak$36.4MTradFiBgBycalc
PolymarketExtended27.8%10.8%−1.0%−0.6%−4.4%−6.6%—mixed$437kTradFiinvite onlyPmExcalc
NadoGateCEX−4.4%−5.4%1.1%−6.7%−4.7%−7.0%74dmixed$765k1h/8hTradFiNaGtcalc
LighterGateCEX1.4%−2.9%−1.0%−3.3%−4.9%−7.3%—mixed$3.6M1h/8hTradFiLiGtcalc
BitgetCEXGateCEX4.9%−12.5%−4.4%−7.9%−11.4%−17.1%—weak$36.4MTradFiBgGtcalc
Lighter RHAster11.5%0.2%−3.9%1.3%−6.0%−9.0%—mixed$3.3M1h/8hTradFiLrAscalc
Lighter RHBybitCEX4.7%−5.2%−3.6%1.2%−6.4%−9.7%—mixed$3.3M1h/8hTradFiLrBycalc
ArcusVariational27.6%19.6%−2.1%−4.8%−3.2%−4.8%—spike$719k1h/8hTradFispread not incl.ArVacalc
BitgetCEXLighter3.5%−9.6%−3.4%−4.6%−6.5%−9.8%—mixed$3.6M8h/1hTradFiBgLicalc
GateCEXNado4.4%5.4%−1.1%6.7%−6.8%−10.2%—mixed$765k8h/1hTradFiGtNacalc
ArcusExtended29.1%22.1%−1.4%−4.2%−3.9%−5.9%—spike$719kTradFiArExcalc
ArcusBybitCEX18.9%10.3%−4.0%−5.4%−8.0%−12.1%—mixed$719k1h/8hTradFiArBycalc
PolymarketAster24.4%4.4%−4.0%−1.6%−8.2%−12.2%—mixed$437k1h/8hTradFiinvite onlyPmAscalc
PolymarketBybitCEX17.6%−1.0%−3.6%−1.9%−8.6%−12.8%—mixed$437k1h/8hTradFiinvite onlyPmBycalc
ArcusNado5.1%11.8%−6.9%−3.4%−9.9%−14.9%—mixed$719kTradFiArNacalc
BitgetCEXNado9.3%−7.1%−5.4%−1.2%−10.4%−15.6%—mixed$765k8h/1hTradFiBgNacalc
PolymarketNado3.8%0.5%−6.5%0.1%−10.4%−15.7%—mixed$437kTradFiinvite onlyPmNacalc
ArcusGateCEX0.8%6.4%−5.9%−10.1%−10.9%−16.4%—mixed$719k1h/8hTradFiArGtcalc
ArcusAster25.8%15.7%−4.4%−5.7%−7.6%−11.5%—spike$719k1h/8hTradFiArAscalc
What the columns and badges mean
now
Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h
Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d
Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d
Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend
Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR
7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital
Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven
Days of 7d-average funding needed to pay back open+close taker fees.
Min OI
Smaller open interest of the two legs, USD.
steady
Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike
The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed
The spread was negative too often: not negative in only X% of hours over 7 days.
new
New: less than a week of shared history, or under 4 days of it in the prior week: stability cannot be judged yet, and the score is lowered.
weak
Prior-week spread under 5% APR: too small to call steady.
cooling
The prior week was solid, but the last 24h or the current spread is not positive.
incomplete
Incomplete history (a gap in a venue's data): N of the last 168 hours on both venues. Never steady, ranked lower.
≠ asset?
Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale
At least one leg has not updated for over 30 minutes.
low OI
Open interest under $50k on at least one leg — size carefully.
8h/1h
Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi
Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only
Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.
A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX
Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Quotes as of 07:12:55 UTC

SPCX · TradFi

Best now: buy on Lighter at 162.28, sell on RISEx at 162.53: 0.154% before fees, 0.094% after taker fees. 24h max: 0.384%.

SPCX: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →RISEx162.53Gate162.466Extended162.46Lighter RH162.44Bybit162.436Variational162.408Binance162.406Bitget162.406MEXC162.406Aster162.386RWA Perp162.34Nado162.326Arcus162.31Polymarket162.31Ondo162.28Lighter162.26
Lighter162.280.154%0.114%0.111%0.099%0.096%0.079%0.077%0.077%0.077%0.065%0.037%0.028%0.018%0.018%0.000%−0.012%
Ondo162.310.135%0.096%0.092%0.080%0.077%0.060%0.059%0.059%0.059%0.047%0.018%0.010%0.000%0.000%−0.018%−0.031%
Arcus162.320.129%0.090%0.086%0.074%0.071%0.054%0.053%0.053%0.053%0.040%0.012%0.004%−0.006%−0.006%−0.025%−0.037%
Nado162.3360.120%0.080%0.077%0.064%0.062%0.044%0.043%0.043%0.043%0.031%0.003%−0.006%−0.016%−0.016%−0.034%−0.047%
Polymarket162.380.092%0.053%0.049%0.037%0.034%0.017%0.016%0.016%0.016%0.004%−0.025%−0.033%−0.043%−0.043%−0.062%−0.074%
Binance162.4160.070%0.031%0.027%0.015%0.012%−0.005%−0.006%−0.006%−0.006%−0.018%−0.047%−0.055%−0.065%−0.065%−0.084%−0.096%
Bitget162.4160.070%0.031%0.027%0.015%0.012%−0.005%−0.006%−0.006%−0.006%−0.018%−0.047%−0.055%−0.065%−0.065%−0.084%−0.096%
MEXC162.4160.070%0.031%0.027%0.015%0.012%−0.005%−0.006%−0.006%−0.006%−0.018%−0.047%−0.055%−0.065%−0.065%−0.084%−0.096%
Aster162.4360.058%0.018%0.015%0.003%0.000%−0.017%−0.018%−0.018%−0.018%−0.031%−0.059%−0.068%−0.077%−0.077%−0.096%−0.108%
Bybit162.4460.052%0.012%0.009%−0.003%−0.006%−0.023%−0.025%−0.025%−0.025%−0.037%−0.065%−0.074%−0.084%−0.084%−0.102%−0.114%
Lighter RH162.460.043%0.003%0.000%−0.012%−0.015%−0.032%−0.033%−0.033%−0.033%−0.046%−0.074%−0.083%−0.092%−0.092%−0.111%−0.123%
Gate162.4760.033%−0.006%−0.010%−0.022%−0.025%−0.042%−0.043%−0.043%−0.043%−0.055%−0.083%−0.092%−0.102%−0.102%−0.120%−0.133%
Variational162.4830.029%−0.011%−0.014%−0.026%−0.029%−0.046%−0.048%−0.048%−0.048%−0.060%−0.088%−0.097%−0.107%−0.107%−0.125%−0.137%
Extended162.490.025%−0.015%−0.018%−0.031%−0.033%−0.050%−0.052%−0.052%−0.052%−0.064%−0.092%−0.101%−0.111%−0.111%−0.129%−0.142%
RISEx162.55−0.012%−0.052%−0.055%−0.068%−0.070%−0.087%−0.089%−0.089%−0.089%−0.101%−0.129%−0.138%−0.148%−0.148%−0.166%−0.179%
RWA Perp162.65−0.074%−0.113%−0.117%−0.129%−0.132%−0.149%−0.150%−0.150%−0.150%−0.163%−0.191%−0.200%−0.209%−0.209%−0.228%−0.240%
All quotes (16)
VenueBidAskSourceAgeVol 24hFlags
Arcus162.31162.32book24s$1.8Mclosed
Aster162.386162.436book24s$6.7M
BinanceCEX162.406162.416book24s$1.58B
BitgetCEX162.406162.416book25s$58.7M
BybitCEX162.436162.446book25s$59.9M
Extended162.46162.49book25s$6.4MRFQno size
GateCEX162.466162.476book25s$52.8M
Lighter162.26162.28book25s$7.1M
MEXCCEX162.406162.416book26s$45.9Mno size
Nado162.326162.336book24s$1.9Mno size
Ondo162.28162.31book23s$3.5Mno size
Polymarket162.31162.38book24s$75k
Lighter RH162.44162.46book25s$8.7M
RISEx162.53162.55book32s$436k
RWA Perp162.34162.65book24s$748
Variational162.408162.483book93s$7.4MRFQ

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection. A pair of two book quotes at most 60 s old is preferred to any other; a pair with a mark leg, or a quote older than 30 s, is compared net of a staleness allowance (how far such prices of that venue have strayed from live quotes), so the outlined best pair need not be the largest cell.

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