Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0583%/8h= −63.8% APRpaid last 24h −0.005%

Price spread now: Lighter against edgeX−0.025%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$130.130% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.684%−$68 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.025%, 7d avg −0.014%

Together, before fees−0.683%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$68 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	152.94	0.0623	pay 0.0311% / 4h	3h 35m	$1.7M	$893K	20x
Short	Lighter SPCX	152.90	0.0040	get 0.0005% / 1h	35m 37s	$1.6M	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$122.33
Price spread: −0.025% → −0.014%: −$1.07
Slippage, 4 orders: −$4.01
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$136.42
Costs to cover: 0.130%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Lighter: live order book, 8 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 edgeX live order book, 3 min ago	1.63 bp	6.1 bp −$6	7.1 bp −$71	20.9 bp −$2,094	doesn't fit
Sell Lighter live order book, 8 min ago	0.33 bp	0.3 bp $0	1.5 bp −$15	11.1 bp −$1,112	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 −0.0303% / S +0.0510%	1h	152.93	−0.008%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.92	−0.012%	$96.4M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.802%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.83	−0.070%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.211%	$8K	$959K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.97	+0.021%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.92	−0.013%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.88	−0.038%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.820%	$9K	$27K	5.5x	as long as short
Lighter SPCXshort	+0.0040%	1h	152.90	−0.025%	$1.6M	$7.4M	20x

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	152.91	−0.018%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.93	−0.005%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.95	+0.008%	$534K	$415K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.064%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	152.93	−0.005%	$1.2M	$7.4M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0064%	1h	152.90	−0.025%	$488K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	152.97	+0.022%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.86	−0.051%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.84	−0.064%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.057%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.97	+0.021%	$15K	$7K	10x	as long as short
BloFin SPCX-USDT	+0.0100%	8h	153.01	+0.047%	$1.9M	$1.4M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.94	+0.004%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0179%	8h	152.95	+0.008%	$30.7M	$42.7M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.90	−0.025%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0205%	8h	152.96	+0.015%	$39.2M	$169.0M	75x	as long as short
Variational Omni SPCX	+0.0207%	8h	152.92	−0.011%	$6.0M	$3.5M	—	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.89	−0.031%	$71K	$1.1M	10x	as long as short
Binance SPCXUSDT	+0.0222%	8h	152.95	+0.008%	$253.0M	$1.38B	75x	as long as short
Nado SPCX-PERP	+0.0222%	1h	152.82	−0.076%	$603K	$853K	20x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.93	−0.006%	$732K	$3.7M	10x	as long as short
Bullet SPCX-USD	+0.0249%	1h	152.94	+0.002%	$11K	$188K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0251%	1h	152.91	−0.018%	$143.1M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	152.94	+0.001%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	152.96	+0.015%	$733K	$981K	10x	as long as short
Bitget SPCXUSDT	+0.0330%	8h	152.98	+0.028%	$31.2M	$66.4M	75x	as long as short
Aster SPCXUSD1	+0.0343%	8h	153.03	+0.057%	$19.0M	$18.6M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	152.98	+0.028%	$401K	$535K	20x	as long as short
edgeX SPCXUSDClong	+0.0623%	4h	152.94	long leg	$1.7M	$893K	20x