Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Gate against Lighter RH+0.033%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.033%, 7d avg +0.027%

Together, before fees−0.080%+ Points / potential airdropLighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, 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	152.93	0.0032	pay 0.0004% / 1h	3m 26s	$2.5M	$7.3M	20x
Short	Gate SPCX_USDT	152.98	0	get 0.0000% / 8h	6h 03m	$96.0M	$31.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.033%Rate

Funding earned: −$6.72
Price spread: +0.033% → +0.027%: $0.56
Slippage, 4 orders: −$11.12
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.27
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Gate: live order book, 6 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, 5 min ago	1.31 bp	1.7 bp −$2	3.1 bp −$31	29.3 bp −$2,932	doesn't fit
Sell Gate live order book, 6 min ago	0.65 bp	11.5 bp −$12	15.8 bp −$158	31.8 bp −$3,179	50.3 bp −$25.2K

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 −0.0333% / S +0.0531%	1h	152.99	+0.036%	$88K	—	20x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.98	+0.033%	$96.0M	$31.4M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.810%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	+0.007%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.21	+0.183%	$8K	$942K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.96	+0.020%	$72K	$1.1M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.05	+0.078%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.93	+0.001%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.96	+0.020%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCXlong	+0.0032%	1h	152.93	long leg	$2.5M	$7.3M	20x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	153.35	+0.275%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.93	0.000%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.00	+0.046%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.99	+0.039%	$1.2M	$6.7M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.95	+0.013%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.00	+0.046%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	+0.046%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.059%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0064%	8h	153.02	+0.059%	$30.8M	$42.9M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0082%	8h	153.02	+0.058%	$101	—	5x	as long as short
Bitget SPCXUSDT	+0.0089%	8h	153.03	+0.065%	$31.7M	$66.2M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	−0.013%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.93	0.000%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	0.000%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	+0.052%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.00	+0.049%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0170%	1h	153.01	+0.051%	$11K	$189K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0182%	1h	152.98	+0.033%	$142.3M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0190%	8h	153.02	+0.059%	$39.4M	$168.4M	75x	as long as short
Variational Omni SPCX	+0.0201%	8h	152.96	+0.018%	$6.0M	$3.1M	—	as long as short
Binance SPCXUSDT	+0.0213%	8h	153.01	+0.052%	$252.6M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0216%	1h	152.97	+0.027%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0236%	1h	152.94	+0.004%	$622K	$835K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	152.97	+0.026%	$738K	$972K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.96	+0.020%	$445K	$270K	15x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.03	+0.065%	$408K	$549K	20x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.11	+0.115%	$19.0M	$15.2M	20x	as long as short
edgeX SPCXUSDC	+0.0994%	4h	152.98	+0.031%	$1.7M	$893K	20x	as long as short