Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0070%/8h= +7.6% APRpaid last 24h +0.011%

Price spread now: Paradex against Lighter RH+0.040%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.040% dearer against Lighter RH than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SPCX	153.01	0.0032	pay 0.0004% / 1h	51m 37s	$2.5M	$7.4M	20x
Short	Paradex SPCX-USD-PERP	153.07	0.0102	get 0.0102% / 8h	7h 51m	$101	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.040%Rate

Funding earned: $14.65
Price spread: +0.040% → 0.000%: $4.01
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $14.65
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.

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	1.63 bp	2.1 bp −$2	3.8 bp −$38	30.5 bp −$3,047	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0294% / S +0.0504%	1h	153.03	+0.016%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.05	+0.026%	$96.6M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.751%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.97	−0.026%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.31	+0.196%	$8K	$965K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.06	+0.033%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.90	−0.069%	$7K	$8K	10x	as long as short
Lighter RH SPCXlong	+0.0032%	1h	153.01	long leg	$2.5M	$7.4M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.771%	$9K	$27K	5.5x	as long as short
Lighter SPCX	+0.0040%	1h	153.04	+0.020%	$1.6M	$7.4M	20x	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	153.09	+0.052%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.06	+0.033%	$1.7M	$81K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.98	−0.020%	$535K	$415K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.059%	$3.2M	$2.7M	10x	as long as short
Bybit SPCXUSDT	+0.0060%	8h	153.09	+0.052%	$30.8M	$42.8M	100x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.03	+0.013%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0089%	8h	153.12	+0.072%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.98	−0.020%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	−0.033%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	0.000%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.08	+0.046%	$15K	$7K	10x	as long as short
Paradex SPCX-USD-PERPshort	+0.0102%	8h	153.07	+0.040%	$101	—	5x
Aevo SPCX-PERP	+0.0104%	1h	153.03	+0.016%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0162%	1h	152.99	−0.011%	$602K	$871K	20x	as long as short
Polymarket Perps SPCX-USD	+0.0190%	1h	153.06	+0.033%	$490K	$1.1M	10x	as long as short
Variational Omni SPCX	+0.0192%	8h	153.05	+0.029%	$6.0M	$3.5M	—	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.00	−0.007%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0201%	8h	153.08	+0.046%	$39.1M	$169.2M	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	153.05	+0.024%	$732K	$3.7M	10x	as long as short
Binance SPCXUSDT	+0.0210%	8h	153.08	+0.046%	$252.8M	$1.38B	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	153.06	+0.033%	$71K	$1.0M	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.05	+0.026%	$445K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0323%	8h	153.04	+0.022%	$19.0M	$21.2M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.085%	$734K	$971K	10x	as long as short
Bitget SPCXUSDT	+0.0335%	8h	153.09	+0.052%	$31.3M	$66.6M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0351%	1h	153.03	+0.013%	$143.4M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0402%	1h	153.10	+0.059%	$11K	$187K	10x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.10	+0.060%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0475%	4h	153.08	+0.043%	$1.7M	$893K	20x	as long as short