Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against HTX0.000%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$230.235% of the position

Long on HTX 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 3 days (all we have)+0.035%+$4 · spread now 0.000%, 7d avg −0.037%

Together, before fees+0.102%+ Points / potential airdropLighter RH: Points live · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.037% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SPCX-USDT	152.93	0	get 0.0000% / 8h	7h 32m	$1.3M	$1.7M	75x
Short	Lighter RH SPCX	152.93	0.0032	get 0.0004% / 1h	32m 18s	$2.5M	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now 0.000%Rate

Funding earned: $6.72
Price spread: 0.000% → −0.037%: $3.7
Slippage, 4 orders: −$11.45
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$13.04
Costs to cover: 0.235%
Break-even: 20.6 days

Slippage from HTX: live order book, 1 min ago; Lighter RH: live order book, 1 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, 1 min ago	0.33 bp	10.5 bp −$11	11.9 bp −$119	15.8 bp −$1,580	doesn't fit
Sell Lighter RH live order book, 1 min ago	1.31 bp	1.6 bp −$2	3.2 bp −$32	30.9 bp −$3,094	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 −0.0311% / S +0.0516%	1h	153.00	+0.043%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	+0.033%	$96.4M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.808%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.82	−0.072%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.216%	$8K	$957K	10x	as long as short
HTX SPCX-USDTlong	0.0000%	8h	152.93	long leg	$1.3M	$1.7M	75x
Aftermath Perps SPCXUSD	+0.0028%	1h	152.91	−0.013%	$7K	$8K	10x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	152.93	0.000%	$2.5M	$7.4M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.825%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	+0.026%	—	$1.2M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0048%	1h	152.94	+0.007%	$1.6M	$7.4M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	+0.039%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.95	+0.013%	$534K	$414K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.059%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	152.95	+0.013%	$1.2M	$7.4M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0064%	1h	152.97	+0.026%	$489K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0099%	8h	153.00	+0.046%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.88	−0.033%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.90	−0.020%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.052%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.02	+0.059%	$15K	$7K	10x	as long as short
BloFin SPCX-USDT	+0.0103%	8h	152.94	+0.007%	$1.9M	$1.4M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.02	+0.056%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0175%	8h	153.03	+0.065%	$30.8M	$42.7M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.89	−0.026%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0206%	8h	153.02	+0.059%	$39.2M	$169.0M	75x	as long as short
Variational Omni SPCX	+0.0207%	8h	152.92	−0.006%	$6.0M	$3.5M	—	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.97	+0.026%	$71K	$1.1M	10x	as long as short
Binance SPCXUSDT	+0.0223%	8h	153.02	+0.058%	$253.1M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	153.00	+0.045%	$737K	$3.9M	10x	as long as short
Nado SPCX-PERP	+0.0233%	1h	152.88	−0.032%	$603K	$851K	20x	as long as short
Bullet SPCX-USD	+0.0250%	1h	153.02	+0.056%	$11K	$188K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0252%	1h	152.98	+0.033%	$143.1M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	152.93	0.000%	$445K	$271K	15x	as long as short
Bitget SPCXUSDT	+0.0320%	8h	153.04	+0.072%	$31.2M	$66.3M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.01	+0.052%	$731K	$979K	10x	as long as short
Aster SPCXUSD1	+0.0346%	8h	153.06	+0.087%	$19.0M	$18.3M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.03	+0.062%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0823%	4h	152.93	+0.001%	$1.7M	$893K	20x	as long as short