Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.011%

Price spread now: Lighter against Gate−0.007%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$240.235% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.007%, 7d avg −0.010%

Together, before fees+0.092%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, 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	Gate SPCX_USDT	152.94	0	get 0.0000% / 8h	49m 00s	$96.6M	$31.2M	100x
Short	Lighter SPCX	152.93	0.0032	get 0.0004% / 1h	49m 00s	$1.6M	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now −0.007%Rate

Funding earned: $6.72
Price spread: −0.007% → −0.010%: $0.31
Slippage, 4 orders: −$8.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.48
Costs to cover: 0.235%
Break-even: 24.2 days

Slippage from Gate: live order book, 5 min ago; Lighter: live order book, 4 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 Gate live order book, 5 min ago	0.33 bp	12.3 bp −$12	21.7 bp −$217	53.6 bp −$5,356	86.4 bp −$43.2K
Sell Lighter live order book, 4 min ago	0.33 bp	0.6 bp −$1	2.3 bp −$23	9.9 bp −$994	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	152.97	+0.023%	$89K	—	20x	as long as short
Gate SPCX_USDTlong	0.0000%	8h	152.94	long leg	$96.6M	$31.2M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.799%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.92	−0.013%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.23	+0.190%	$8K	$973K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.97	+0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	153.03	+0.059%	$8K	$10K	10x	as long as short
Lighter SPCXshort	+0.0032%	1h	152.93	−0.007%	$1.6M	$7.4M	20x
Lighter RH SPCX	+0.0032%	1h	152.90	−0.026%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.818%	$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
Arcus SPCX-USD	+0.0040%	1h	152.92	−0.013%	$106K	$296K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.96	+0.013%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	0.000%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.97	+0.020%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.96	+0.013%	$538K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.87	−0.046%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.95	+0.007%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0081%	8h	152.97	+0.022%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0085%	8h	153.09	+0.098%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0085%	1h	152.97	+0.020%	$11K	$188K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.89	−0.033%	$173K	$132K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.86	−0.052%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.007%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.99	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.00	+0.039%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0144%	8h	152.98	+0.026%	$30.7M	$42.7M	100x	as long as short
Variational Omni SPCX	+0.0188%	8h	153.00	+0.037%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0194%	8h	152.97	+0.020%	$39.0M	$169.4M	75x	as long as short
Binance SPCXUSDT	+0.0205%	8h	152.97	+0.019%	$253.9M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.93	−0.005%	$734K	$3.6M	10x	as long as short
Nado SPCX-PERP	+0.0257%	1h	152.87	−0.044%	$603K	$882K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	153.01	+0.046%	$446K	$269K	15x	as long as short
tradeXYZ xyz:SPCX	+0.0278%	1h	152.95	+0.007%	$143.7M	$118.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.020%	$733K	$970K	10x	as long as short
Aster SPCXUSD1	+0.0281%	8h	153.04	+0.065%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0311%	8h	152.96	+0.013%	$31.2M	$67.2M	75x	as long as short
edgeX SPCXUSDC	+0.0319%	4h	153.00	+0.039%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	153.06	+0.078%	$403K	$538K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0404%	1h	152.97	+0.020%	$71K	$1.0M	10x	as long as short