Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.007%

Price spread now: KuCoin against Lighter−0.059%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.059%, 7d avg −0.010%

Together, before fees−0.090%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.049% cheaper against Lighter than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPCX	152.86	0.0096	pay 0.0012% / 1h	17m 16s	$1.6M	$7.4M	20x
Short	KuCoin SPCXUSDTM	152.77	0.0100	get 0.0100% / 8h	17m 16s	$13.0M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0.84
Price spread: −0.059% → −0.010%: −$4.93
Slippage, 4 orders: −$14.24
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$30.33
Costs to cover: 0.262%
Break-even: 259.7 days

Slippage from Lighter: live order book, 6 min ago; KuCoin: 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	0.7 bp −$1	1.7 bp −$17	8.3 bp −$835	doesn't fit
Sell KuCoin live order book, 1 min ago	1.31 bp	10.9 bp −$11	38.1 bp −$381	doesn't fit	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 −0.0279% / S +0.0493%	1h	152.87	+0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.88	+0.013%	$96.6M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.858%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.81	−0.033%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.10	+0.157%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.89	+0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.83	−0.019%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.82	−0.026%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.872%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.84	−0.013%	$105K	$297K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.86	0.000%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.87	+0.007%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.89	+0.020%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.86	0.000%	$535K	$410K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.79	−0.046%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.87	+0.007%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDT	+0.0079%	8h	152.91	+0.033%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0093%	8h	152.90	+0.028%	$101	—	5x	as long as short
Lighter SPCXlong	+0.0096%	1h	152.86	long leg	$1.6M	$7.4M	20x
Pacifica SPCX	+0.0100%	1h	152.83	−0.020%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.77	−0.059%	$13.0M	$5.5M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.007%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.90	+0.026%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.92	+0.041%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0150%	1h	152.91	+0.033%	$12K	$188K	10x	as long as short
Bybit SPCXUSDT	+0.0151%	8h	152.94	+0.052%	$30.7M	$42.8M	100x	as long as short
Variational Omni SPCX	+0.0176%	8h	152.93	+0.049%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0195%	8h	152.91	+0.033%	$38.9M	$169.4M	75x	as long as short
Binance SPCXUSDT	+0.0199%	8h	152.90	+0.026%	$253.0M	$1.39B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.88	+0.010%	$734K	$3.6M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0252%	1h	152.85	−0.007%	$143.4M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.90	+0.026%	$445K	$269K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.072%	$733K	$970K	10x	as long as short
Nado SPCX-PERP	+0.0296%	1h	152.76	−0.063%	$601K	$885K	20x	as long as short
Aster SPCXUSD1	+0.0298%	8h	152.98	+0.079%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0311%	8h	152.91	+0.033%	$31.2M	$67.3M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.96	+0.067%	$403K	$539K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0601%	1h	152.88	+0.013%	$71K	$1.0M	10x	as long as short
edgeX SPCXUSDC	+0.0783%	4h	152.90	+0.025%	$1.7M	$893K	20x	as long as short