Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0164%/8h= −17.9% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Binance−0.052%7-day average −0.043% · 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−$15as in the Price arb table

costs, in and out, $10k−$140.136% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 2 days (all we have)−0.002%$0 · spread now −0.052%, 7d avg −0.043%

Together, before fees+0.035%+ Points / potential airdropLighter RH: Points live · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.043%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	152.64	0.0196	pay 0.0196% / 8h	1h 14m	$255.5M	$1.38B	75x
Short	Lighter RH SPCX	152.56	0.0032	get 0.0004% / 1h	14m 14s	$2.5M	$7.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$34.38
Price spread: −0.052% → −0.043%: −$0.96
Slippage, 4 orders: −$3.55
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$48.89
Costs to cover: 0.136%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Lighter RH: 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 Binance live order book, 15 min ago	0.33 bp	5.3 bp −$5	5.7 bp −$57	7.0 bp −$701	13.6 bp −$6,809
Sell Lighter RH live order book, 4 min ago	0.98 bp	1.4 bp −$1	3.0 bp −$30	33.0 bp −$3,304	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 −0.0272% / S +0.0488%	1h	152.60	−0.023%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.62	−0.013%	$96.5M	$30.9M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+13.020%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.64	0.000%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.80	+0.105%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.62	−0.013%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.59	−0.035%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.56	−0.052%	$1.7M	$7.2M	20x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	152.56	−0.052%	$2.5M	$7.6M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.020%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.57	−0.046%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.59	−0.033%	$488K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.61	−0.020%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.63	−0.007%	$538K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.45	−0.124%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.61	−0.020%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0068%	8h	152.61	−0.018%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0075%	8h	152.63	−0.007%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.53	−0.072%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.54	−0.066%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.65	+0.007%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.64	0.000%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.63	−0.003%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0107%	1h	152.64	0.000%	$11K	$188K	10x	as long as short
Bybit SPCXUSDT	+0.0140%	8h	152.65	+0.007%	$30.8M	$42.4M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0158%	1h	152.59	−0.033%	$130.4M	$107.7M	20x	as long as short
Variational Omni SPCX	+0.0175%	8h	152.59	−0.035%	$6.0M	$3.9M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0184%	8h	152.65	+0.007%	$38.9M	$168.5M	75x	as long as short
Extended SPCX-USD	+0.0192%	1h	152.61	−0.021%	$739K	$3.6M	10x	as long as short
Binance SPCXUSDTlong	+0.0196%	8h	152.64	long leg	$255.5M	$1.38B	75x
Arcus SPCX-USD	+0.0227%	1h	152.56	−0.052%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0242%	1h	152.50	−0.091%	$624K	$872K	20x	as long as short
Aster SPCXUSD1	+0.0248%	8h	152.71	+0.043%	$19.0M	$21.8M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.63	−0.007%	$741K	$947K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.60	−0.026%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0315%	8h	152.65	+0.007%	$31.0M	$66.5M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0406%	1h	152.60	−0.026%	$70K	$1.1M	10x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.67	+0.019%	$402K	$548K	20x	as long as short
edgeX SPCXUSDC	+0.0836%	4h	152.59	−0.035%	$1.7M	$894K	20x	as long as short