Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%

Price spread now: HTX against Lighter+0.131%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.175%−$18 · spread now +0.131%, 7d avg +0.022%

Together, before fees−0.256%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.109% dearer against Lighter than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.022%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPCX	152.60	0.0032	pay 0.0004% / 1h	2m 13s	$1.6M	$7.4M	20x
Short	HTX SPCX-USDT	152.80	0	get 0.0000% / 8h	2h 02m	$1.3M	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.131%Rate

Funding earned: −$6.72
Price spread: +0.131% → +0.022%: $10.94
Slippage, 4 orders: −$9.28
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$17.06
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; HTX: live order book, 2 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	0.65 bp	1.1 bp −$1	1.3 bp −$13	8.9 bp −$891	doesn't fit
Sell HTX live order book, 2 min ago	2.94 bp	10.6 bp −$11	12.5 bp −$125	17.1 bp −$1,714	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 −0.0187% / S +0.0435%	1h	152.63	+0.023%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0026%	8h	152.68	+0.052%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.68	+0.052%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.70	+0.066%	$96.2M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.74	+0.092%	$31.2M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.062%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.75	+0.098%	$301K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.94	+0.223%	$8K	$897K	10x	as long as short
HTX SPCX-USDTshort	0.0000%	8h	152.80	+0.131%	$1.3M	$1.8M	75x
Aftermath Perps SPCXUSD	+0.0017%	1h	152.65	+0.031%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCXlong	+0.0032%	1h	152.60	long leg	$1.6M	$7.4M	20x
Lighter RH SPCX	+0.0032%	1h	152.59	−0.007%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.66	+0.039%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.68	+0.052%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.70	+0.066%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.59	−0.007%	$130.2M	$129.1M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.63	+0.020%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.68	+0.052%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.71	+0.072%	$531K	$384K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.60	0.000%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0056%	8h	152.75	+0.100%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0081%	8h	152.73	+0.084%	$6.0M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0093%	8h	152.71	+0.072%	$250.0M	$1.36B	75x	as long as short
Nado SPCX-PERP	+0.0094%	1h	152.66	+0.037%	$613K	$801K	20x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.67	+0.047%	$731K	$4.6M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.65	+0.033%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.60	0.000%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.66	+0.039%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.70	+0.066%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.68	+0.053%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0109%	8h	152.73	+0.085%	$39.6M	$167.0M	75x	as long as short
Bullet SPCX-USD	+0.0120%	1h	152.72	+0.081%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.75	+0.095%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.70	+0.066%	$731K	$938K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.77	+0.111%	$444K	$266K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0274%	1h	152.65	+0.033%	$88K	$1.3M	10x	as long as short
Aster SPCXUSD1	+0.0350%	8h	152.74	+0.091%	$18.9M	$24.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.00	+0.262%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0757%	4h	152.72	+0.076%	$1.7M	$892K	20x	as long as short