Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.004%

Price spread now: Lighter against Bybit−0.039%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$150.154% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.039%, 7d avg −0.037%

Together, before fees+0.063%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.037%, 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	Bybit SPCXUSDT	153.11	0	get 0.0000% / 8h	4h 23m	$30.8M	$42.9M	100x
Short	Lighter SPCX	153.05	0.0032	get 0.0004% / 1h	23m 26s	$1.6M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now −0.039%Rate

Funding earned: $6.72
Price spread: −0.039% → −0.037%: −$0.22
Slippage, 4 orders: −$4.44
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$8.94
Costs to cover: 0.154%
Break-even: 16.3 days

Slippage from Bybit: live order book, 5 min ago; Lighter: 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 Bybit live order book, 5 min ago	0.33 bp	6.5 bp −$6	10.3 bp −$103	53.6 bp −$5,364	doesn't fit
Sell Lighter live order book, 5 min ago	0.33 bp	0.8 bp −$1	1.2 bp −$12	11.8 bp −$1,184	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 −0.0253% / S +0.0486%	1h	153.06	−0.029%	$91K	—	20x	as long as short
Bybit SPCXUSDTlong	0.0000%	8h	153.11	long leg	$30.8M	$42.9M	100x
Gate SPCX_USDT	0.0000%	8h	153.08	−0.020%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.15	+0.026%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.679%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.99	−0.078%	$302K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.33	+0.144%	$8K	$937K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.10	−0.007%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0011%	1h	153.03	−0.052%	$77K	$1.2M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	153.03	−0.051%	$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
BloFin SPCX-USDT	+0.0031%	8h	153.08	−0.020%	$1.9M	$1.4M	75x	as long as short
Lighter SPCXshort	+0.0032%	1h	153.05	−0.039%	$1.6M	$7.3M	20x
Lighter RH SPCX	+0.0032%	1h	153.02	−0.059%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.065%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.09	−0.013%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.05	−0.039%	$1.2M	$6.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.07	−0.026%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	−0.026%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.09	−0.013%	$533K	$394K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.94	−0.111%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0062%	8h	153.10	−0.006%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.98	−0.085%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.03	−0.052%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.065%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	−0.007%	$15K	$7K	10x	as long as short
Bullet SPCX-USD	+0.0103%	1h	153.10	−0.009%	$11K	$191K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0103%	1h	153.07	−0.026%	$141.4M	$119.0M	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.08	−0.020%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0132%	1h	153.03	−0.055%	$617K	$822K	20x	as long as short
Variational Omni SPCX	+0.0137%	8h	153.05	−0.041%	$6.0M	$3.0M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0148%	8h	153.13	+0.013%	$39.5M	$166.9M	75x	as long as short
Binance SPCXUSDT	+0.0150%	8h	153.10	−0.003%	$252.2M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0152%	1h	153.07	−0.027%	$734K	$3.8M	10x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.13	+0.010%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.046%	$738K	$925K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.07	−0.026%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0410%	8h	153.17	+0.039%	$18.9M	$21.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.50	+0.255%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0532%	4h	153.05	−0.040%	$1.7M	$892K	20x	as long as short