Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Gate−0.046%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days+0.026%+$3 · spread now −0.046%, 7d avg −0.027%

Together, before fees+0.093%+ Points / potential airdropLighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, 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	152.98	0	get 0.0000% / 8h	6h 01m	$96.0M	$31.4M	100x
Short	Lighter RH SPCX	152.91	0.0032	get 0.0004% / 1h	1m 21s	$2.5M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.046%Rate

Funding earned: $6.72
Price spread: −0.046% → −0.027%: −$1.87
Slippage, 4 orders: −$10.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$21.14
Costs to cover: 0.260%
Break-even: 29.0 days

Slippage from Gate: live order book, 3 min ago; Lighter RH: live order book, 2 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, 3 min ago	0.33 bp	12.4 bp −$12	17.2 bp −$172	49.9 bp −$4,994	85.7 bp −$42.9K
Sell Lighter RH live order book, 2 min ago	1.63 bp	1.7 bp −$2	3.0 bp −$30	29.8 bp −$2,977	doesn't fit

SPCX on 38 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 −0.0333% / S +0.0531%	1h	152.99	+0.003%	$88K	—	20x	as long as short
Gate SPCX_USDTlong	0.0000%	8h	152.98	long leg	$96.0M	$31.4M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.775%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.92	−0.039%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.25	+0.176%	$8K	$941K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.90	−0.052%	$72K	$1.1M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.03	+0.033%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.94	−0.025%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.94	−0.026%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	152.91	−0.046%	$2.5M	$7.3M	20x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	153.35	+0.242%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.93	−0.033%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	+0.007%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.98	0.000%	$1.2M	$6.7M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.95	−0.020%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.98	0.000%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.96	−0.013%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.092%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0059%	8h	152.98	0.000%	$30.8M	$42.9M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0080%	8h	153.01	+0.019%	$101	—	5x	as long as short
Bitget SPCXUSDT	+0.0082%	8h	153.03	+0.033%	$31.7M	$66.2M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.90	−0.052%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.90	−0.052%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.033%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.99	+0.007%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.97	−0.004%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0136%	4h	152.98	+0.001%	$1.7M	$893K	20x	as long as short
Bullet SPCX-USD	+0.0167%	1h	153.00	+0.010%	$11K	$189K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0182%	1h	152.97	−0.007%	$142.3M	$119.2M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0189%	8h	153.00	+0.013%	$39.4M	$168.2M	75x	as long as short
Variational Omni SPCX	+0.0201%	8h	152.96	−0.014%	$6.0M	$3.1M	—	as long as short
Extended SPCX-USD	+0.0208%	1h	152.94	−0.026%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0210%	8h	152.97	−0.009%	$252.5M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0234%	1h	152.93	−0.035%	$622K	$835K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	152.97	−0.007%	$738K	$972K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.99	+0.007%	$445K	$270K	15x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.03	+0.033%	$408K	$549K	20x	as long as short
Aster SPCXUSD1	+0.0410%	8h	153.09	+0.069%	$19.0M	$15.2M	20x	as long as short