Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h +0.011%

Price spread now: Binance against Lighter RH+0.051%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

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

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days+0.037%+$4 · spread now +0.051%, 7d avg +0.071%

Together, before fees+0.021%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SPCX	152.27	0.0032	pay 0.0004% / 1h	2m 34s	$2.5M	$7.3M	20x
Short	Binance SPCXUSDT	152.35	0.0147	get 0.0147% / 8h	1h 02m	$251.9M	$1.36B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.051%Rate

Funding earned: $24.19
Price spread: +0.051% → +0.071%: −$1.93
Slippage, 4 orders: −$4.49
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $7.77
Costs to cover: 0.145%
Break-even: 4.8 days

Slippage from Lighter RH: live order book, 6 min ago; Binance: live order book, 11 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	0.99 bp	1.5 bp −$2	3.9 bp −$39	30.0 bp −$2,995	doesn't fit
Sell Binance live order book, 11 min ago	0.33 bp	5.9 bp −$6	6.5 bp −$65	8.3 bp −$827	18.1 bp −$9,049

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 −0.0234% / S +0.0471%	1h	152.26	−0.003%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.33	+0.039%	$96.2M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.37	+0.066%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.305%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.36	+0.059%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.61	+0.223%	$8K	$894K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.45	+0.118%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0015%	8h	152.35	+0.053%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0027%	8h	152.40	+0.085%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.30	+0.018%	$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 RH SPCXlong	+0.0032%	1h	152.27	long leg	$2.5M	$7.3M	20x
QFEX SPCX-USD	+0.0038%	1h	152.34	+0.046%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.28	+0.007%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.28	+0.007%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.31	+0.026%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.35	+0.053%	$530K	$376K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.16	−0.072%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.38	+0.072%	$392K	$507K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.24	−0.020%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.21	−0.039%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.40	+0.085%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.38	+0.072%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.34	+0.049%	$88	—	10x	as long as short
edgeX SPCXUSDC	+0.0116%	4h	152.36	+0.057%	$1.7M	$892K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0123%	1h	152.27	0.000%	$130.0M	$129.0M	20x	as long as short
Variational Omni SPCX	+0.0131%	8h	152.38	+0.071%	$5.9M	$2.8M	—	as long as short
Paradex SPCX-USD-PERP	+0.0132%	8h	152.32	+0.033%	$101	—	5x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.30	+0.022%	$724K	$3.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0146%	1h	152.32	+0.033%	$487K	$1.2M	10x	as long as short
Binance SPCXUSDTshort	+0.0147%	8h	152.35	+0.051%	$251.9M	$1.36B	75x
Lighter SPCX	+0.0152%	1h	152.29	+0.013%	$1.6M	$7.4M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0155%	8h	152.37	+0.066%	$39.5M	$166.5M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.28	+0.007%	$732K	$923K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.38	+0.072%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0266%	1h	152.20	−0.044%	$626K	$805K	20x	as long as short
Bullet SPCX-USD	+0.0301%	1h	152.35	+0.054%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0409%	8h	152.46	+0.123%	$18.9M	$29.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.77	+0.328%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0604%	1h	152.32	+0.033%	$90K	$1.3M	10x	as long as short