Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.008%

Price spread now: Lighter RH against KuCoin+0.059%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

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

costs, in and out, $10k−$300.301% of the position

Long on KuCoin Short on Lighter RH

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−0.025%−$3 · spread now +0.059%, 7d avg −0.008%

Together, before fees+0.054%+ Points / potential airdropLighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.067% dearer against KuCoin than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.008%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.079%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPCXUSDTM	152.82	0.0100	pay 0.0100% / 8h	40m 12s	$13.0M	$5.5M	20x
Short	Lighter RH SPCX	152.91	0.0032	get 0.0004% / 1h	40m 12s	$2.5M	$7.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$14.28
Price spread: +0.059% → −0.008%: $6.65
Slippage, 4 orders: −$18.07
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$37.7
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Lighter RH: live order book, 3 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	17.2 bp −$17	54.7 bp −$547	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	0.98 bp	1.1 bp −$1	3.9 bp −$39	35.6 bp −$3,557	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	152.96	+0.088%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.95	+0.085%	$96.6M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.886%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	+0.039%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.19	+0.242%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.98	+0.105%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.96	+0.089%	$8K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.92	+0.065%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	152.91	+0.059%	$2.5M	$7.6M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.899%	$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	152.90	+0.052%	$106K	$296K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.95	+0.085%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	+0.079%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.97	+0.098%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.97	+0.098%	$538K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.83	+0.007%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.93	+0.072%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0074%	8h	152.96	+0.092%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0076%	8h	152.96	+0.094%	$101	—	5x	as long as short
Bullet SPCX-USD	+0.0086%	1h	152.97	+0.098%	$11K	$188K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.88	+0.039%	$173K	$132K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	152.82	long leg	$13.0M	$5.5M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.97	+0.098%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.96	+0.092%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	+0.089%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0140%	8h	152.94	+0.079%	$30.7M	$42.7M	100x	as long as short
Variational Omni SPCX	+0.0177%	8h	152.96	+0.089%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0188%	8h	153.01	+0.124%	$39.0M	$169.4M	75x	as long as short
Extended SPCX-USD	+0.0192%	1h	152.96	+0.094%	$734K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0193%	8h	152.99	+0.113%	$253.9M	$1.38B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0250%	1h	152.94	+0.079%	$143.6M	$118.5M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.96	+0.092%	$446K	$269K	15x	as long as short
Nado SPCX-PERP	+0.0266%	1h	152.86	+0.024%	$602K	$884K	20x	as long as short
Aster SPCXUSD1	+0.0278%	8h	153.03	+0.138%	$19.0M	$21.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.098%	$733K	$970K	10x	as long as short
Bitget SPCXUSDT	+0.0305%	8h	153.00	+0.118%	$31.3M	$67.2M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	153.03	+0.135%	$403K	$538K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0470%	1h	152.96	+0.092%	$71K	$1.0M	10x	as long as short
edgeX SPCXUSDC	+0.0795%	4h	152.93	+0.072%	$1.7M	$894K	20x	as long as short