Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: SunX against Lighter RH+0.190%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1341.344% of the position

Long on Lighter RH Short on SunX

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)−0.137%−$14 · spread now +0.190%, 7d avg +0.086%

Together, before fees−0.204%+ Points / potential airdropLighter RH: Points live · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.103% dearer against Lighter RH than usual: you sell high and buy low (spread +0.190% now, against its 7-day average of +0.086%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SPCX	153.03	0.0032	pay 0.0004% / 1h	26m 41s	$2.5M	$7.4M	20x
Short	SunX SPCX-USDT	153.32	0	get 0.0000% / 8h	7h 26m	$8K	$955K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.190%Rate

Funding earned: −$6.72
Price spread: +0.190% → +0.086%: $10.32
Slippage, 4 orders: −$126.38
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$130.78
Costs to cover: 1.344%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; SunX: live order book, 26 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	2.1 bp −$2	3.4 bp −$34	26.1 bp −$2,615	doesn't fit
Sell SunX live order book, 26 min ago	57.12 bp	70.0 bp −$70	doesn't fit	doesn't fit	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 −0.0314% / S +0.0518%	1h	153.03	−0.003%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.07	+0.026%	$96.4M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.734%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.93	−0.065%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	153.32	+0.190%	$8K	$955K	10x
HTX SPCX-USDT	0.0000%	8h	153.07	+0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.97	−0.039%	$8K	$8K	10x	as long as short
Lighter RH SPCXlong	+0.0032%	1h	153.03	long leg	$2.5M	$7.4M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.758%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.06	+0.020%	—	$1.2M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0048%	1h	153.04	+0.007%	$1.6M	$7.4M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.06	+0.020%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.07	+0.026%	$534K	$414K	50x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.04	+0.007%	$489K	$1.1M	10x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.85	−0.118%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.04	+0.007%	$1.2M	$7.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0099%	8h	153.11	+0.049%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.98	−0.033%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.97	−0.039%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.08	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.06	+0.022%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0109%	8h	153.07	+0.026%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDT	+0.0184%	8h	153.11	+0.052%	$30.9M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.99	−0.026%	$105K	$297K	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	153.02	−0.007%	$71K	$1.1M	10x	as long as short
Variational Omni SPCX	+0.0210%	8h	153.02	−0.006%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0210%	8h	153.12	+0.059%	$39.2M	$169.1M	75x	as long as short
Binance SPCXUSDT	+0.0229%	8h	153.10	+0.046%	$253.2M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0232%	1h	153.06	+0.017%	$734K	$4.0M	10x	as long as short
Nado SPCX-PERP	+0.0234%	1h	152.95	−0.050%	$604K	$848K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0242%	1h	153.03	0.000%	$143.1M	$119.4M	20x	as long as short
Bullet SPCX-USD	+0.0246%	1h	153.09	+0.036%	$11K	$188K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.04	+0.007%	$445K	$271K	15x	as long as short
Bitget SPCXUSDT	+0.0317%	8h	153.10	+0.046%	$31.3M	$66.4M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.01	−0.013%	$731K	$979K	10x	as long as short
Aster SPCXUSD1	+0.0358%	8h	153.08	+0.035%	$19.0M	$18.2M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.09	+0.042%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0934%	4h	153.06	+0.020%	$1.7M	$892K	20x	as long as short