Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.018%

Price spread now: Lighter against KuCoin+0.026%7-day average +0.009% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 7 days+0.009%+$1 · spread now +0.026%, 7d avg +0.009%

Together, before fees+0.096%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, 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	KuCoin SPCXUSDTM	152.84	0.0100	pay 0.0100% / 8h	3h 46m	$13.0M	$5.5M	20x
Short	Lighter SPCX	152.88	0.0144	get 0.0018% / 1h	46m 00s	$1.6M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.026%Rate

Funding earned: $9.24
Price spread: +0.026% → +0.009%: $1.77
Slippage, 4 orders: −$15.96
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.95
Costs to cover: 0.280%
Break-even: 19.8 days

Slippage from KuCoin: live order book, 3 min ago; Lighter: live order book, 7 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 KuCoin live order book, 3 min ago	0.65 bp	9.7 bp −$10	41.4 bp −$414	doesn't fit	doesn't fit
Sell Lighter live order book, 7 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	152.88	+0.029%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.91	+0.046%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.96	+0.079%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.882%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	+0.072%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.14	+0.196%	$8K	$934K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.94	+0.065%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0013%	8h	152.95	+0.072%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.86	+0.014%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.85	+0.007%	$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	+0.0034%	8h	152.91	+0.046%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.83	−0.007%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.88	+0.026%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.88	+0.026%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.89	+0.033%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.92	+0.052%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.72	−0.079%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.91	+0.046%	$1.2M	$5.8M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	152.93	+0.057%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.81	−0.020%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	152.84	long leg	$13.0M	$5.5M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.77	−0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.90	+0.039%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.91	+0.046%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0114%	4h	152.86	+0.011%	$1.7M	$893K	20x	as long as short
Variational Omni SPCX	+0.0141%	8h	152.91	+0.045%	$6.0M	$2.9M	—	as long as short
Lighter SPCXshort	+0.0144%	1h	152.88	+0.026%	$1.6M	$7.3M	20x
Extended SPCX-USD	+0.0152%	1h	152.89	+0.031%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0155%	8h	152.92	+0.052%	$248.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	152.94	+0.065%	$39.7M	$166.1M	75x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.94	+0.069%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	+0.039%	$741K	$939K	10x	as long as short
Nado SPCX-PERP	+0.0249%	1h	152.81	−0.017%	$616K	$810K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.90	+0.039%	$444K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0278%	1h	152.93	+0.062%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0285%	1h	152.88	+0.026%	$141.3M	$119.2M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0339%	1h	152.88	+0.026%	$84K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0428%	8h	153.04	+0.130%	$18.9M	$22.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.262%	$9K	$28K	5.5x	as long as short