Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0110%/8h= +12.0% APRpaid last 24h +0.008%

Price spread now: OKX against Lighter+0.039%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$120.120% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.039%, 7d avg +0.040%

Together, before fees−0.073%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.057%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPCX	153.01	0.0064	pay 0.0008% / 1h	8m 07s	$1.6M	$7.2M	20x
Short	OKX SPCX-USDT-SWAP	153.07	0.0174	get 0.0174% / 8h	5h 08m	$39.5M	$167.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.039%Rate

Funding earned: $23.09
Price spread: +0.039% → +0.040%: −$0.08
Slippage, 4 orders: −$1.98
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $11.04
Costs to cover: 0.120%
Break-even: 3.7 days

Slippage from Lighter: live order book, 5 min ago; OKX: 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, 5 min ago	0.33 bp	0.5 bp −$1	1.4 bp −$14	8.6 bp −$863	doesn't fit
Sell OKX live order book, 1 min ago	0.33 bp	5.3 bp −$5	6.8 bp −$68	12.1 bp −$1,211	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 −0.0333% / S +0.0531%	1h	153.01	+0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.03	+0.013%	$96.2M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.09	+0.052%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.755%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.97	−0.026%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.24	+0.150%	$8K	$936K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.07	+0.039%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0024%	8h	153.05	+0.026%	$30.8M	$42.9M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.99	−0.015%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.98	−0.020%	$2.5M	$7.2M	20x	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	152.97	−0.026%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.03	+0.013%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.02	+0.007%	$1.2M	$6.5M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.99	−0.013%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.03	+0.013%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.04	+0.020%	$533K	$400K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.91	−0.065%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0063%	8h	153.06	+0.033%	$1.9M	$1.4M	75x	as long as short
Lighter SPCXlong	+0.0064%	1h	153.01	long leg	$1.6M	$7.2M	20x
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.99	−0.013%	$73K	$1.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0077%	8h	153.05	+0.028%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.96	−0.033%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.94	−0.046%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.05	+0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.04	+0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.04	+0.020%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0170%	8h	153.03	+0.010%	$6.0M	$3.1M	—	as long as short
Bullet SPCX-USD	+0.0172%	1h	153.05	+0.029%	$12K	$191K	10x	as long as short
OKX SPCX-USDT-SWAPshort	+0.0174%	8h	153.07	+0.039%	$39.5M	$167.5M	75x
Binance SPCXUSDT	+0.0182%	8h	153.05	+0.023%	$252.5M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	153.02	+0.006%	$734K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0191%	1h	153.02	+0.007%	$142.1M	$118.9M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.09	+0.052%	$410K	$532K	20x	as long as short
Nado SPCX-PERP	+0.0224%	1h	152.95	−0.039%	$617K	$828K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	+0.020%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.04	+0.020%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0415%	8h	153.12	+0.071%	$19.0M	$17.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.176%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0973%	4h	153.03	+0.011%	$1.7M	$892K	20x	as long as short