Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0139%/8h= −15.2% APRpaid last 24h +0.011%

Price spread now: Lighter against Aster−0.065%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

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

costs, in and out, $10k−$130.133% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.065%, 7d avg −0.054%

Together, before fees+0.065%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPCXUSD1	152.69	0.0227	pay 0.0227% / 8h	2h 24m	$19.0M	$21.3M	20x
Short	Lighter SPCX	152.59	0.0088	get 0.0011% / 1h	24m 03s	$1.6M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$29.12
Price spread: −0.065% → −0.054%: −$1.13
Slippage, 4 orders: −$5.27
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$43.52
Costs to cover: 0.133%
Break-even: never at this rate

Slippage from Aster: live order book, 5 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 Aster live order book, 5 min ago	0.65 bp	6.2 bp −$6	9.7 bp −$97	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.33 bp	0.7 bp −$1	2.4 bp −$24	31.3 bp −$3,128	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 −0.0271% / S +0.0488%	1h	152.57	−0.075%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.63	−0.039%	$96.4M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+12.975%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.69	0.000%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.098%	$8K	$990K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.61	−0.052%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.54	−0.100%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	−0.079%	$2.4M	$7.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.986%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.62	−0.046%	—	$1.1M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps SPCX-USD	+0.0050%	1h	152.58	−0.072%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.63	−0.039%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.63	−0.039%	$541K	$403K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.51	−0.118%	$3.1M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0057%	1h	152.64	−0.033%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0077%	8h	152.71	+0.013%	$1.9M	$1.4M	75x	as long as short
Lighter SPCXshort	+0.0088%	1h	152.59	−0.065%	$1.6M	$7.3M	20x
Pacifica SPCX	+0.0100%	1h	152.59	−0.065%	$175K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.50	−0.124%	$13.0M	$5.2M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.53	−0.105%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.68	−0.007%	$15K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0103%	8h	152.65	−0.029%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.66	−0.020%	$89	—	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0143%	1h	152.58	−0.072%	$70K	$1.1M	10x	as long as short
Bybit SPCXUSDT	+0.0143%	8h	152.65	−0.026%	$30.7M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0166%	8h	152.66	−0.020%	$39.0M	$168.1M	75x	as long as short
Variational Omni SPCX	+0.0169%	8h	152.64	−0.033%	$6.1M	$4.3M	—	as long as short
tradeXYZ xyz:SPCX	+0.0187%	1h	152.58	−0.072%	$129.9M	$107.2M	20x	as long as short
Binance SPCXUSDT	+0.0198%	8h	152.66	−0.020%	$256.3M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.63	−0.038%	$715K	$3.6M	10x	as long as short
Bullet SPCX-USD	+0.0206%	1h	152.64	−0.030%	$12K	$190K	10x	as long as short
Aster SPCXUSD1long	+0.0227%	8h	152.69	long leg	$19.0M	$21.3M	20x
Coinbase International SPCX-PERP-INTX	+0.0232%	1h	152.16	−0.347%	$739K	$963K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.61	−0.052%	$370K	$191K	15x	as long as short
Arcus SPCX-USD	+0.0293%	1h	152.59	−0.065%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0313%	1h	152.49	−0.133%	$624K	$878K	20x	as long as short
Bitget SPCXUSDT	+0.0334%	8h	152.65	−0.026%	$31.3M	$66.3M	75x	as long as short
RISEx SPCX/USDC	+0.0462%	1h	152.69	0.000%	$383K	$540K	20x	as long as short
edgeX SPCXUSDC	+0.0768%	4h	152.65	−0.025%	$1.7M	$892K	20x	as long as short