Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h +0.006%

Price spread now: Bybit against Lighter RH+0.052%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$170.166% of the position

Long on Lighter RH Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.052%, 7d avg +0.054%

Together, before fees−0.048%+ Points / potential airdropLighter RH: Points live · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: +$4 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	152.88	0.0032	pay 0.0004% / 1h	36m 00s	$2.5M	$7.4M	20x
Short	Bybit SPCXUSDT	152.96	0.0175	get 0.0175% / 8h	7h 36m	$30.8M	$42.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.052%Rate

Funding earned: $30.08
Price spread: +0.052% → +0.054%: −$0.16
Slippage, 4 orders: −$5.6
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $13.32
Costs to cover: 0.166%
Break-even: 3.9 days

Slippage from Lighter RH: live order book, 3 min ago; Bybit: 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, 3 min ago	1.31 bp	1.3 bp −$1	2.5 bp −$25	25.1 bp −$2,507	doesn't fit
Sell Bybit live order book, 3 min ago	0.33 bp	6.8 bp −$7	9.4 bp −$94	26.4 bp −$2,635	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 −0.0303% / S +0.0510%	1h	152.93	+0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.92	+0.026%	$96.4M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.845%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.83	−0.033%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.249%	$8K	$959K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.97	+0.059%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.92	+0.024%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.90	+0.013%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCXlong	+0.0032%	1h	152.88	long leg	$2.5M	$7.4M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.858%	$9K	$27K	5.5x	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	152.93	+0.033%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.93	+0.033%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.95	+0.046%	$534K	$415K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.79	−0.059%	$3.2M	$2.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0062%	1h	152.92	+0.026%	$488K	$1.1M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	152.90	+0.013%	$1.2M	$7.4M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	152.96	+0.054%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.88	0.000%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.84	−0.026%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.95	+0.046%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.97	+0.059%	$15K	$7K	10x	as long as short
BloFin SPCX-USDT	+0.0100%	8h	153.01	+0.085%	$1.9M	$1.4M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.94	+0.042%	$89	—	10x	as long as short
Bybit SPCXUSDTshort	+0.0175%	8h	152.96	+0.052%	$30.8M	$42.7M	100x
Arcus SPCX-USD	+0.0194%	1h	152.91	+0.020%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0205%	8h	152.98	+0.065%	$39.2M	$169.0M	75x	as long as short
Variational Omni SPCX	+0.0207%	8h	152.92	+0.027%	$6.0M	$3.5M	—	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	152.89	+0.007%	$71K	$1.1M	10x	as long as short
Nado SPCX-PERP	+0.0218%	1h	152.85	−0.018%	$603K	$853K	20x	as long as short
Binance SPCXUSDT	+0.0221%	8h	152.95	+0.049%	$252.9M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.92	+0.025%	$732K	$3.7M	10x	as long as short
Bullet SPCX-USD	+0.0249%	1h	152.94	+0.039%	$11K	$188K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0250%	1h	152.90	+0.013%	$143.1M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	152.94	+0.039%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	152.96	+0.052%	$733K	$981K	10x	as long as short
Bitget SPCXUSDT	+0.0333%	8h	152.98	+0.065%	$31.2M	$66.4M	75x	as long as short
Aster SPCXUSD1	+0.0342%	8h	153.03	+0.095%	$19.0M	$19.0M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	152.99	+0.072%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0623%	4h	152.94	+0.038%	$1.7M	$893K	20x	as long as short