Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0377%/8h= −41.3% APRpaid last 24h −0.022%

Price spread now: Lighter RH against Aster−0.088%7-day average −0.073% · 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−$15as in the Price arb table

costs, in and out, $10k−$130.130% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days−0.001%$0 · spread now −0.088%, 7d avg −0.073%

Together, before fees−0.007%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPCXUSD1	153.15	0.0409	pay 0.0409% / 8h	4h 40m	$19.0M	$19.6M	20x
Short	Lighter RH SPCX	153.02	0.0032	get 0.0004% / 1h	40m 27s	$2.5M	$7.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$79.24
Price spread: −0.088% → −0.073%: −$1.5
Slippage, 4 orders: −$5.01
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$93.75
Costs to cover: 0.130%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Lighter RH: live order book, 3 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, 4 min ago	0.33 bp	4.3 bp −$4	6.2 bp −$62	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.31 bp	1.9 bp −$2	3.8 bp −$38	35.3 bp −$3,526	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 −0.0314% / S +0.0531%	1h	153.06	−0.065%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.11	−0.029%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.09	−0.042%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.14	−0.009%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.647%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.03	−0.081%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.31	+0.102%	$8K	$937K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	153.04	−0.075%	$73K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.14	−0.009%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.02	−0.086%	$8K	$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 SPCX	+0.0032%	1h	153.07	−0.055%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	153.02	−0.088%	$2.5M	$7.2M	20x
Arcus SPCX-USD	+0.0040%	1h	153.02	−0.088%	$105K	$297K	5x	as long as short
BloFin SPCX-USDT	+0.0042%	8h	153.10	−0.035%	$1.9M	$1.4M	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.12	−0.022%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.05	−0.068%	$1.2M	$6.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.06	−0.062%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	−0.055%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.10	−0.035%	$533K	$395K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.153%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0064%	8h	153.11	−0.026%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0072%	1h	153.06	−0.062%	$141.5M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0084%	1h	153.11	−0.031%	$11K	$192K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	153.00	−0.101%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.00	−0.101%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.094%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	−0.035%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.09	−0.041%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0133%	1h	153.04	−0.077%	$617K	$824K	20x	as long as short
Variational Omni SPCX	+0.0149%	8h	153.08	−0.051%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0155%	8h	153.12	−0.022%	$39.5M	$166.9M	75x	as long as short
Extended SPCX-USD	+0.0160%	1h	153.06	−0.059%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0161%	8h	153.11	−0.030%	$252.3M	$1.37B	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.13	−0.013%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.075%	$738K	$925K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.10	−0.035%	$445K	$268K	15x	as long as short
Aster SPCXUSD1long	+0.0409%	8h	153.15	long leg	$19.0M	$19.6M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	+0.128%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0913%	4h	153.08	−0.048%	$1.7M	$891K	20x	as long as short