Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.012%

Price spread now: Lighter against HTX−0.065%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.065%, 7d avg −0.021%

Together, before fees+0.211%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.045% cheaper against HTX than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of −0.021%). If the spread goes back, that is −$4 on $10k: about 23 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.080% in total) that is about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SPCX-USDT	152.92	0	get 0.0000% / 8h	3h 49m	$1.3M	$1.7M	75x
Short	Lighter SPCX	152.82	0.0152	get 0.0019% / 1h	49m 18s	$1.6M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now −0.065%Rate

Funding earned: $31.92
Price spread: −0.065% → −0.021%: −$4.45
Slippage, 4 orders: −$9.05
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $6.42
Costs to cover: 0.210%
Break-even: 5.6 days

Slippage from HTX: live order book, 4 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 HTX live order book, 4 min ago	1.63 bp	8.6 bp −$9	8.9 bp −$89	13.3 bp −$1,330	doesn't fit
Sell Lighter live order book, 4 min ago	0.33 bp	0.8 bp −$1	1.3 bp −$13	7.2 bp −$717	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 −0.0214% / S +0.0456%	1h	152.84	−0.049%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.84	−0.052%	$96.2M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.90	−0.013%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.822%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.93	+0.007%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.14	+0.144%	$7K	$935K	10x	as long as short
HTX SPCX-USDTlong	0.0000%	8h	152.92	long leg	$1.3M	$1.7M	75x
Bybit SPCXUSDT	+0.0009%	8h	152.89	−0.020%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.86	−0.038%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.79	−0.085%	$2.5M	$7.2M	20x	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	+0.0033%	8h	152.88	−0.026%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.84	−0.052%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.83	−0.059%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.82	−0.065%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.85	−0.046%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.85	−0.046%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.72	−0.131%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.87	−0.033%	$1.2M	$5.9M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0096%	8h	152.89	−0.022%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.84	−0.052%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.79	−0.085%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.90	−0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.87	−0.032%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0138%	8h	152.91	−0.008%	$6.0M	$2.9M	—	as long as short
Lighter SPCXshort	+0.0152%	1h	152.82	−0.065%	$1.6M	$7.3M	20x
Extended SPCX-USD	+0.0152%	1h	152.83	−0.056%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0153%	8h	152.88	−0.029%	$248.0M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0155%	8h	152.86	−0.039%	$39.6M	$166.0M	75x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.91	−0.004%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	−0.013%	$741K	$939K	10x	as long as short
Nado SPCX-PERP	+0.0255%	1h	152.74	−0.116%	$615K	$811K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.90	−0.013%	$444K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0281%	1h	152.87	−0.032%	$12K	$193K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0296%	1h	152.84	−0.052%	$141.3M	$119.2M	20x	as long as short
Aster SPCXUSD1	+0.0424%	8h	152.97	+0.036%	$18.9M	$21.9M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.209%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0470%	1h	152.83	−0.059%	$84K	$1.2M	10x	as long as short
edgeX SPCXUSDC	+0.0592%	4h	152.91	−0.007%	$1.7M	$892K	20x	as long as short