Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%

Price spread now: Gate against Lighter+0.033%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.037%−$4 · spread now +0.033%, 7d avg +0.010%

Together, before fees−0.117%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.023% dearer against Lighter than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of +0.010%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPCX	152.95	0.0032	pay 0.0004% / 1h	36m 00s	$1.6M	$7.2M	20x
Short	Gate SPCX_USDT	153.00	0	get 0.0000% / 8h	5h 36m	$96.1M	$31.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.033%Rate

Funding earned: −$6.72
Price spread: +0.033% → +0.010%: $2.28
Slippage, 4 orders: −$8.82
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$28.26
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from Lighter: live order book, 12 min ago; Gate: 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 Lighter live order book, 12 min ago	0.65 bp	1.1 bp −$1	1.9 bp −$19	7.8 bp −$784	doesn't fit
Sell Gate live order book, 3 min ago	0.98 bp	10.8 bp −$11	15.7 bp −$157	34.7 bp −$3,469	54.1 bp −$27.0K

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 −0.0333% / S +0.0531%	1h	152.99	+0.023%	$88K	—	20x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	153.00	+0.033%	$96.1M	$31.3M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.798%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	0.000%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.22	+0.177%	$8K	$940K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.00	+0.033%	$1.3M	$1.7M	75x	as long as short
Bitget SPCXUSDT	+0.0004%	8h	153.06	+0.072%	$31.7M	$66.1M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.96	+0.009%	$7K	$8K	10x	as long as short
Bybit SPCXUSDT	+0.0031%	8h	153.00	+0.033%	$30.8M	$42.8M	100x	as long as short
Lighter SPCXlong	+0.0032%	1h	152.95	long leg	$1.6M	$7.2M	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.93	−0.013%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.94	−0.007%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.00	+0.033%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.98	+0.020%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	+0.013%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.99	+0.026%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	+0.033%	$534K	$402K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.85	−0.065%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0068%	8h	153.03	+0.052%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0072%	8h	153.03	+0.053%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.97	+0.013%	$73K	$1.2M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	−0.026%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.92	−0.020%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.04	+0.059%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.01	+0.040%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0134%	1h	153.02	+0.046%	$11K	$190K	10x	as long as short
Variational Omni SPCX	+0.0173%	8h	153.00	+0.030%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0179%	8h	153.05	+0.065%	$39.5M	$167.8M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0179%	1h	152.96	+0.007%	$142.0M	$119.4M	20x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.98	+0.022%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0188%	8h	153.01	+0.037%	$252.6M	$1.37B	75x	as long as short
Nado SPCX-PERP	+0.0192%	1h	152.94	−0.005%	$622K	$831K	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.04	+0.060%	$408K	$549K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	+0.039%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.02	+0.046%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0404%	8h	153.10	+0.096%	$19.0M	$17.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.216%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0612%	4h	153.00	+0.032%	$1.7M	$891K	20x	as long as short