Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0766%/8h= +83.9% APRpaid last 24h +0.005%

Price spread now: edgeX against Lighter+0.025%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs+$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$140.140% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.684%+$68 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.025%, 7d avg +0.014%

Together, before fees+0.682%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$68 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: +$23 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPCX	152.93	0.0032	pay 0.0004% / 1h	57m 27s	$1.6M	$7.2M	20x
Short	edgeX SPCXUSDC	152.97	0.0798	get 0.0399% / 4h	1h 57m	$1.7M	$894K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Lighter. 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 LighterbpFee edgeXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $160.88
Price spread: +0.025% → +0.014%: $1.14
Slippage, 4 orders: −$5.03
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $147.99
Costs to cover: 0.140%
Break-even: 0.6 days

Slippage from Lighter: live order book, 6 min ago; edgeX: 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 Lighter live order book, 6 min ago	0.33 bp	0.3 bp $0	1.9 bp −$19	7.5 bp −$748	doesn't fit
Sell edgeX live order book, 1 min ago	1.96 bp	6.5 bp −$6	7.6 bp −$76	22.6 bp −$2,255	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	+0.036%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	+0.033%	$96.0M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.813%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.89	−0.026%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.27	+0.222%	$8K	$941K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.02	+0.059%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	+0.011%	$7K	$8K	10x	as long as short
Lighter SPCXlong	+0.0032%	1h	152.93	long leg	$1.6M	$7.2M	20x
Lighter RH SPCX	+0.0032%	1h	152.93	0.000%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.92	−0.007%	$105K	$297K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.96	+0.020%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.97	+0.026%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	+0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.98	+0.033%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.99	+0.039%	$535K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.82	−0.072%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0054%	8h	153.00	+0.046%	$30.8M	$42.9M	100x	as long as short
Bitget SPCXUSDT	+0.0067%	8h	153.04	+0.072%	$31.7M	$66.1M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	152.99	+0.038%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.87	−0.039%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	−0.013%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	+0.052%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	+0.052%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	+0.040%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0136%	1h	153.01	+0.052%	$11K	$189K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	152.96	+0.020%	$72K	$1.2M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0188%	8h	153.02	+0.059%	$39.5M	$168.1M	75x	as long as short
Variational Omni SPCX	+0.0196%	8h	152.97	+0.025%	$6.0M	$3.1M	—	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.01	+0.052%	$408K	$549K	20x	as long as short
Binance SPCXUSDT	+0.0207%	8h	152.99	+0.039%	$252.6M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0208%	1h	152.89	−0.029%	$622K	$834K	20x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.97	+0.026%	$736K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0223%	1h	152.98	+0.033%	$142.1M	$119.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.97	+0.026%	$738K	$972K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.99	+0.039%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0409%	8h	153.08	+0.095%	$19.0M	$15.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.29	+0.235%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDCshort	+0.0798%	4h	152.97	+0.025%	$1.7M	$894K	20x