Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h +0.046%

Price spread now: Lighter RH against BloFin+0.020%61s7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs+$12as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$170.170% of the position

Long on BloFin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.290%+$29 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now +0.020%, 7d avg −0.042%

Together, before fees+0.328%+ Points / potential airdropLighter RH: Points live · farm board+$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.062% dearer against BloFin than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.042%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.290%, so the current rate has only just turned against you. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	152.83	0.0084	pay 0.0084% / 8h	1h 03m	$1.9M	$1.4M	75x
Short	Lighter RH SPCX	152.86	0.0032	get 0.0004% / 1h	3m 49s	$2.5M	$7.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against BloFin. 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 BloFinbpFee Lighter RHbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$10.89
Price spread: +0.020% → −0.042%: $6.16
Slippage, 4 orders: −$5.02
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$21.74
Costs to cover: 0.170%
Break-even: never at this rate

Slippage from BloFin: live order book, 9 min ago; Lighter RH: live order book, 5 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 BloFin live order book, 9 min ago	0.65 bp	7.1 bp −$7	7.3 bp −$73	8.1 bp −$813	10.2 bp −$5,100
Sell Lighter RH live order book, 5 min ago	0.65 bp	1.0 bp −$1	2.1 bp −$21	34.5 bp −$3,446	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	152.94	+0.069%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.92	+0.059%	$96.8M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.881%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.78	−0.033%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.06	+0.150%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.86	+0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.63	−0.131%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.88	+0.033%	$1.7M	$7.3M	20x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	152.86	+0.020%	$2.5M	$7.6M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.892%	$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	152.86	+0.020%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.90	+0.046%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.90	+0.046%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.92	+0.059%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.78	−0.033%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.87	+0.026%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDTlong	+0.0084%	8h	152.83	long leg	$1.9M	$1.4M	75x
Paradex SPCX-USD-PERP	+0.0085%	8h	152.91	+0.051%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.76	−0.046%	$176K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.81	−0.013%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.73	−0.065%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.87	+0.026%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.94	+0.070%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0126%	1h	152.93	+0.065%	$11K	$188K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0143%	1h	152.90	+0.046%	$71K	$1.1M	10x	as long as short
Bybit SPCXUSDT	+0.0151%	8h	152.95	+0.079%	$30.8M	$42.5M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0181%	1h	152.96	+0.085%	$140.8M	$114.6M	20x	as long as short
Variational Omni SPCX	+0.0184%	8h	152.67	−0.102%	$6.0M	$3.9M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0198%	8h	152.97	+0.092%	$39.0M	$169.2M	75x	as long as short
Binance SPCXUSDT	+0.0205%	8h	152.95	+0.079%	$255.9M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.92	+0.059%	$739K	$3.6M	10x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.85	+0.013%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0248%	1h	152.82	−0.004%	$605K	$886K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.72	−0.072%	$741K	$949K	10x	as long as short
Aster SPCXUSD1	+0.0263%	8h	153.01	+0.118%	$19.0M	$21.7M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	152.65	−0.118%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0319%	8h	152.96	+0.085%	$31.1M	$66.8M	75x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.90	+0.043%	$403K	$548K	20x	as long as short
edgeX SPCXUSDC	+0.0833%	4h	152.67	−0.102%	$1.7M	$893K	20x	as long as short