Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: HTX against Lighter RH+0.033%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on Lighter RH Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.078%−$8 · spread now +0.033%, 7d avg +0.037%

Together, before fees−0.146%+ Points / potential airdropLighter RH: Points live · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.037%, 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	152.90	0.0032	pay 0.0004% / 1h	41m 15s	$2.5M	$7.6M	20x
Short	HTX SPCX-USDT	152.95	0	get 0.0000% / 8h	41m 15s	$1.3M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$6.72
Price spread: +0.033% → +0.037%: −$0.42
Slippage, 4 orders: −$10.25
Fee Lighter RH: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$29.4
Costs to cover: 0.223%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; HTX: 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	0.98 bp	1.5 bp −$2	3.6 bp −$36	28.0 bp −$2,795	doesn't fit
Sell HTX live order book, 3 min ago	0.33 bp	8.8 bp −$9	9.9 bp −$99	14.4 bp −$1,441	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 −0.0272% / S +0.0488%	1h	152.94	+0.023%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.93	+0.020%	$96.6M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.827%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	−0.013%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.14	+0.157%	$8K	$971K	10x	as long as short
HTX SPCX-USDTshort	0.0000%	8h	152.95	+0.033%	$1.3M	$1.7M	75x
Aftermath Perps SPCXUSD	+0.0030%	1h	152.96	+0.036%	$8K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.92	+0.013%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCXlong	+0.0032%	1h	152.90	long leg	$2.5M	$7.6M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.845%	$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
Arcus SPCX-USD	+0.0040%	1h	152.89	−0.007%	$106K	$296K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.96	+0.039%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	+0.026%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.95	+0.033%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.95	+0.033%	$538K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.83	−0.046%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.92	+0.013%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0074%	8h	152.96	+0.039%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0076%	8h	152.92	+0.012%	$101	—	5x	as long as short
Bullet SPCX-USD	+0.0081%	1h	152.95	+0.035%	$11K	$188K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.85	−0.033%	$173K	$132K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.82	−0.052%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.97	+0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.95	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.95	+0.031%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0139%	8h	152.94	+0.026%	$30.7M	$42.7M	100x	as long as short
Variational Omni SPCX	+0.0183%	8h	152.96	+0.037%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0188%	8h	152.97	+0.046%	$39.0M	$169.4M	75x	as long as short
Extended SPCX-USD	+0.0192%	1h	152.93	+0.017%	$734K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0194%	8h	152.96	+0.042%	$253.9M	$1.38B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0251%	1h	152.93	+0.020%	$143.6M	$118.5M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.96	+0.039%	$446K	$269K	15x	as long as short
Nado SPCX-PERP	+0.0264%	1h	152.86	−0.028%	$602K	$884K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	152.93	+0.020%	$71K	$1.0M	10x	as long as short
Aster SPCXUSD1	+0.0279%	8h	153.02	+0.078%	$19.0M	$21.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.046%	$733K	$970K	10x	as long as short
Bitget SPCXUSDT	+0.0305%	8h	152.96	+0.039%	$31.2M	$67.2M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	153.01	+0.070%	$403K	$538K	20x	as long as short
edgeX SPCXUSDC	+0.0795%	4h	152.93	+0.019%	$1.7M	$894K	20x	as long as short