Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.028%

Price spread now: Bitget against Lighter RH+0.079%7-day average +0.070% · 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−$170.170% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days−0.007%−$1 · spread now +0.079%, 7d avg +0.070%

Together, before fees+0.007%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: −$1 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	152.48	0.0032	pay 0.0004% / 1h	19m 32s	$2.5M	$7.3M	20x
Short	Bitget SPCXUSDT	152.60	0	get 0.0000% / 8h	6h 19m	$31.0M	$66.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$6.72
Price spread: +0.079% → +0.070%: $0.84
Slippage, 4 orders: −$4.98
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$22.86
Costs to cover: 0.170%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Bitget: live order book, 3 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, 2 min ago	1.31 bp	1.9 bp −$2	3.4 bp −$34	32.1 bp −$3,211	doesn't fit
Sell Bitget live order book, 3 min ago	0.33 bp	6.9 bp −$7	9.5 bp −$95	25.8 bp −$2,583	34.4 bp −$17.2K

SPCX on 38 exchanges

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	152.50	+0.010%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0058%	8h	152.59	+0.072%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.59	+0.072%	$30.2M	$43.4M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.54	+0.039%	$96.1M	$32.5M	100x	as long as short
Bitget SPCXUSDTshort	0.0000%	8h	152.60	+0.079%	$31.0M	$66.9M	75x
StandX SPCX-USD	0.0000%	1h	152.58	+0.066%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.84	+0.236%	$8K	$827K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.49	+0.007%	$50K	$1.5M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.64	+0.105%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0018%	1h	152.56	+0.054%	$7K	$7K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0031%	1h	152.56	+0.052%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.51	+0.020%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCXlong	+0.0032%	1h	152.48	long leg	$2.5M	$7.3M	20x
Variational Omni SPCX	+0.0037%	8h	152.54	+0.042%	$5.9M	$2.7M	—	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.47	−0.007%	$102K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.53	+0.033%	—	$1.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.49	+0.007%	$128.8M	$129.1M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.60	+0.079%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.54	+0.039%	$1.7M	$102K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.53	+0.033%	$532K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.40	−0.052%	$3.1M	$2.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0051%	8h	152.54	+0.042%	$101	—	5x	as long as short
Binance SPCXUSDT	+0.0061%	8h	152.57	+0.061%	$252.0M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0064%	1h	152.52	+0.028%	$726K	$5.4M	10x	as long as short
RISEx SPCX/USDC	+0.0068%	1h	152.59	+0.069%	$351K	$518K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0088%	8h	152.59	+0.072%	$39.4M	$168.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.49	+0.007%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.44	−0.026%	$13.0M	$6.0M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.46	−0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.58	+0.066%	$14K	$7K	10x	as long as short
Bullet SPCX-USD	+0.0100%	1h	152.57	+0.061%	$11K	$191K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.53	+0.035%	$88	—	10x	as long as short
Nado SPCX-PERP	+0.0119%	1h	152.49	+0.008%	$633K	$805K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0184%	1h	152.48	0.000%	$687K	$1.0M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.55	+0.046%	$448K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0384%	8h	152.70	+0.144%	$19.0M	$30.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	+0.197%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0700%	4h	152.54	+0.041%	$1.7M	$890K	20x	as long as short