Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0367%/8h= +40.2% APRpaid last 24h +0.060%

Price spread now: Aster against Lighter RH+0.138%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$140.145% of the position

Long on Lighter RH Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.138%, 7d avg +0.073%

Together, before fees+0.008%+ Points / potential airdropLighter RH: Points live · Aster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Aster is 0.064% dearer against Lighter RH than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.073%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.044% in total (about 2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SPCX	152.64	0.0032	pay 0.0004% / 1h	2m 41s	$2.5M	$7.3M	20x
Short	Aster SPCXUSD1	152.85	0.0399	get 0.0399% / 8h	7h 02m	$19.0M	$30.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter RH. 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 Lighter RHbpFee AsterbpOrdersPrice spread, now +0.138%Rate

Funding earned: $77.04
Price spread: +0.138% → +0.073%: $6.43
Slippage, 4 orders: −$6.49
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $68.99
Costs to cover: 0.145%
Break-even: 0.7 days

Slippage from Lighter RH: live order book, 6 min ago; Aster: 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 RH live order book, 6 min ago	0.33 bp	0.9 bp −$1	3.0 bp −$30	29.5 bp −$2,953	doesn't fit
Sell Aster live order book, 1 min ago	0.98 bp	5.7 bp −$6	12.8 bp −$128	doesn't fit	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 −0.0187% / S +0.0435%	1h	152.63	−0.010%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0018%	8h	152.67	+0.020%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.73	+0.059%	$30.5M	$43.2M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.68	+0.026%	$96.1M	$32.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.69	+0.033%	$31.1M	$66.7M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.66	+0.013%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.92	+0.183%	$8K	$842K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.65	+0.007%	$82K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.74	+0.066%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0016%	1h	152.60	−0.029%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.67	+0.020%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCXlong	+0.0032%	1h	152.64	long leg	$2.5M	$7.3M	20x
QFEX SPCX-USD	+0.0035%	1h	152.64	0.000%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.56	−0.052%	$103K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.69	+0.033%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.66	+0.013%	$129.7M	$130.2M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.63	−0.007%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.65	+0.007%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.64	0.000%	$531K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.53	−0.072%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.65	+0.006%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0088%	8h	152.69	+0.033%	$5.9M	$2.7M	—	as long as short
Nado SPCX-PERP	+0.0095%	1h	152.64	−0.003%	$633K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0099%	1h	152.69	+0.030%	$11K	$191K	10x	as long as short
Binance SPCXUSDT	+0.0099%	8h	152.71	+0.045%	$252.8M	$1.37B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.59	−0.033%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.55	−0.059%	$13.0M	$5.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.70	+0.039%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.68	+0.026%	$15K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.65	+0.009%	$723K	$5.4M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.67	+0.021%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0108%	8h	152.76	+0.079%	$39.4M	$168.6M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.69	+0.036%	$382K	$507K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.68	+0.026%	$448K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.67	+0.020%	$687K	$1.0M	10x	as long as short
Aster SPCXUSD1short	+0.0399%	8h	152.85	+0.138%	$19.0M	$30.7M	20x
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	+0.092%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0726%	4h	152.71	+0.048%	$1.7M	$890K	20x	as long as short