Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.006%

Price spread now: Lighter RH against Bybit−0.052%7-day average −0.054% · 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−$18as in the Price arb table

costs, in and out, $10k−$180.180% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.052%, 7d avg −0.054%

Together, before fees+0.026%+ Points / potential airdropLighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: $0 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	152.39	0.0016	pay 0.0016% / 8h	3h 22m	$30.6M	$42.7M	100x
Short	Lighter RH SPCX	152.31	0.0032	get 0.0004% / 1h	22m 57s	$2.5M	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.052%Rate

Funding earned: $3.37
Price spread: −0.052% → −0.054%: $0.2
Slippage, 4 orders: −$6.96
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$14.4
Costs to cover: 0.180%
Break-even: 36.9 days

Slippage from Bybit: live order book, 1 min ago; Lighter RH: live order book, 6 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, 1 min ago	0.66 bp	7.2 bp −$7	10.6 bp −$106	42.0 bp −$4,196	doesn't fit
Sell Lighter RH live order book, 6 min ago	0.66 bp	1.0 bp −$1	2.3 bp −$23	34.7 bp −$3,468	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 −0.0265% / S +0.0494%	1h	152.28	−0.075%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.38	−0.007%	$96.2M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.42	+0.020%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.217%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.40	+0.007%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.62	+0.151%	$8K	$920K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.38	−0.007%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDTlong	+0.0016%	8h	152.39	long leg	$30.6M	$42.7M	100x
BloFin SPCX-USDT	+0.0027%	8h	152.40	+0.007%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.39	+0.003%	$7K	$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 RH SPCXshort	+0.0032%	1h	152.31	−0.052%	$2.5M	$7.4M	20x
Arcus SPCX-USD	+0.0040%	1h	152.38	−0.007%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.38	−0.007%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.34	−0.033%	$495K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	−0.013%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.40	+0.007%	$531K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.15	−0.157%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.39	0.000%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.38	−0.005%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.36	−0.020%	$86K	$1.2M	10x	as long as short
Lighter SPCX	+0.0096%	1h	152.36	−0.020%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.26	−0.085%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.39	0.000%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.61	+0.144%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.40	+0.007%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.39	−0.003%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0141%	8h	152.53	+0.090%	$6.0M	$2.9M	—	as long as short
Extended SPCX-USD	+0.0144%	1h	152.37	−0.016%	$732K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0147%	8h	152.40	+0.006%	$249.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0148%	8h	152.41	+0.013%	$39.4M	$166.3M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0155%	1h	152.28	−0.072%	$131.6M	$127.9M	20x	as long as short
Nado SPCX-PERP	+0.0212%	1h	152.29	−0.064%	$614K	$802K	20x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.42	+0.020%	$408K	$517K	20x	as long as short
Bullet SPCX-USD	+0.0220%	1h	152.39	0.000%	$12K	$192K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	+0.033%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.43	+0.026%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0424%	8h	152.51	+0.078%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.525%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0639%	4h	152.56	+0.113%	$1.7M	$891K	20x	as long as short