Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.026%

Price spread now: Lighter against Bitget−0.039%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$150.148% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.039%, 7d avg −0.052%

Together, before fees+0.043%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPCXUSDT	153.10	0	get 0.0000% / 8h	4h 45m	$31.7M	$65.5M	75x
Short	Lighter SPCX	153.04	0.0032	get 0.0004% / 1h	45m 53s	$1.6M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.039%Rate

Funding earned: $6.72
Price spread: −0.039% → −0.052%: $1.3
Slippage, 4 orders: −$2.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.76
Costs to cover: 0.148%
Break-even: 14.0 days

Slippage from Bitget: live order book, 3 min ago; Lighter: live order book, 7 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 Bitget live order book, 3 min ago	0.33 bp	6.8 bp −$7	8.6 bp −$86	21.4 bp −$2,142	30.0 bp −$15.0K
Sell Lighter live order book, 7 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	153.04	−0.036%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.07	−0.020%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.06	−0.026%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDTlong	0.0000%	8h	153.10	long leg	$31.7M	$65.5M	75x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.688%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.99	−0.072%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.105%	$8K	$937K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.09	−0.007%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.04	−0.041%	$8K	$8K	10x	as long as short
Lighter SPCXshort	+0.0032%	1h	153.04	−0.039%	$1.6M	$7.3M	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	153.00	−0.065%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.059%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.07	−0.020%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.03	−0.046%	$1.2M	$6.3M	10x	as long as short
BloFin SPCX-USDT	+0.0047%	8h	153.08	−0.013%	$1.9M	$1.4M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.04	−0.039%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.06	−0.026%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.09	−0.007%	$533K	$398K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−0.124%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0066%	8h	153.08	−0.010%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0076%	1h	153.05	−0.033%	$141.5M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0085%	1h	153.08	−0.012%	$11K	$192K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.97	−0.085%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.97	−0.085%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.059%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	0.000%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.07	−0.019%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0139%	1h	152.99	−0.072%	$617K	$826K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	153.05	−0.033%	$73K	$1.2M	10x	as long as short
Variational Omni SPCX	+0.0154%	8h	153.07	−0.022%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0159%	8h	153.08	−0.013%	$39.5M	$167.0M	75x	as long as short
Binance SPCXUSDT	+0.0166%	8h	153.10	0.000%	$252.4M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0168%	1h	153.06	−0.027%	$738K	$3.8M	10x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.12	+0.011%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.039%	$738K	$964K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.08	−0.013%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.14	+0.029%	$19.0M	$19.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.32	+0.144%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0459%	4h	153.06	−0.024%	$1.7M	$893K	20x	as long as short