Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0129%/8h= −14.1% APRpaid last 24h −0.009%

Price spread now: Lighter against Binance−0.021%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$120.120% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days−0.024%−$2 · spread now −0.021%, 7d avg −0.053%

Together, before fees+0.006%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.032% dearer against Binance than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.053%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	153.10	0.0161	pay 0.0161% / 8h	4h 40m	$252.2M	$1.37B	75x
Short	Lighter SPCX	153.07	0.0032	get 0.0004% / 1h	40m 39s	$1.6M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$27.08
Price spread: −0.021% → −0.053%: $3.24
Slippage, 4 orders: −$1.96
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$35.8
Costs to cover: 0.120%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Lighter: live order book, 13 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 Binance live order book, 3 min ago	0.33 bp	5.3 bp −$5	5.3 bp −$53	6.8 bp −$677	13.5 bp −$6,727
Sell Lighter live order book, 13 min ago	0.65 bp	0.7 bp −$1	1.1 bp −$11	11.6 bp −$1,163	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	−0.031%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.11	+0.005%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.09	−0.008%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.14	+0.025%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.686%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.02	−0.053%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.31	+0.136%	$8K	$937K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	153.04	−0.040%	$73K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.14	+0.025%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.02	−0.052%	$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 SPCXshort	+0.0032%	1h	153.07	−0.021%	$1.6M	$7.3M	20x
Lighter RH SPCX	+0.0032%	1h	153.02	−0.053%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.02	−0.053%	$105K	$297K	5x	as long as short
BloFin SPCX-USDT	+0.0042%	8h	153.10	−0.001%	$1.9M	$1.4M	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.12	+0.012%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.05	−0.034%	$1.2M	$6.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.06	−0.027%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	−0.021%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.10	−0.001%	$533K	$395K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.119%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0064%	8h	153.11	+0.008%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0073%	1h	153.06	−0.027%	$141.5M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0085%	1h	153.11	+0.005%	$11K	$192K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	153.00	−0.066%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.01	−0.060%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.060%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	−0.001%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.09	−0.006%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0135%	1h	153.04	−0.040%	$617K	$824K	20x	as long as short
Variational Omni SPCX	+0.0149%	8h	153.08	−0.016%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	153.12	+0.012%	$39.5M	$166.9M	75x	as long as short
Extended SPCX-USD	+0.0160%	1h	153.06	−0.024%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDTlong	+0.0161%	8h	153.10	long leg	$252.2M	$1.37B	75x
RISEx SPCX/USDC	+0.0191%	1h	153.13	+0.022%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.040%	$738K	$925K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.10	−0.001%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0409%	8h	153.15	+0.034%	$19.0M	$19.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	+0.162%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0913%	4h	153.08	−0.013%	$1.7M	$891K	20x	as long as short