Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h −0.010%

Price spread now: Variational Omni against Lighter RH+0.050%7-day average +0.059% · you sell dearer than you buy

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

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.031%−$3 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.050%, 7d avg +0.059%

Together, before fees−0.044%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.059%, 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	152.52	0.0032	pay 0.0004% / 1h	18m 03s	$2.5M	$7.6M	20x
Short	Variational Omni SPCX	152.60	0.0175	get 0.0175% / 8h	1h 18m	$6.0M	$3.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.050%Rate

Funding earned: $30.12
Price spread: +0.050% → +0.059%: −$0.93
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $29.18
Costs to cover: 0.000%
Break-even: 0.2 days

Slippage unknown: Lighter RH: live order book, 6 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 6 min ago	1.31 bp	1.6 bp −$2	3.5 bp −$35	31.1 bp −$3,115	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.36 bp	doesn't fit	2.8 bp −$28	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 −0.0272% / S +0.0488%	1h	152.57	+0.036%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.57	+0.033%	$96.5M	$30.9M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.110%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.63	+0.072%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.80	+0.184%	$8K	$978K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.60	+0.052%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.59	+0.046%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.53	+0.007%	$1.7M	$7.2M	20x	as long as short
Lighter RH SPCXlong	+0.0032%	1h	152.52	long leg	$2.5M	$7.6M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.101%	$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	152.53	+0.007%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.57	+0.033%	$488K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.58	+0.039%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.59	+0.046%	$538K	$403K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.033%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.57	+0.033%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0067%	8h	152.58	+0.042%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0076%	8h	152.61	+0.059%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0097%	1h	152.60	+0.052%	$11K	$188K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.52	0.000%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.51	−0.007%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.53	+0.007%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.60	+0.052%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.59	+0.048%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0138%	8h	152.60	+0.052%	$30.8M	$42.4M	100x	as long as short
tradeXYZ xyz:SPCX	+0.0150%	1h	152.57	+0.033%	$130.2M	$107.6M	20x	as long as short
Variational Omni SPCXshort	+0.0175%	8h	152.60	+0.050%	$6.0M	$3.9M	—
OKX SPCX-USDT-SWAP	+0.0181%	8h	152.62	+0.066%	$38.9M	$168.4M	75x	as long as short
Extended SPCX-USD	+0.0192%	1h	152.57	+0.033%	$739K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0195%	8h	152.61	+0.059%	$255.4M	$1.38B	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.54	+0.013%	$70K	$1.1M	10x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.53	+0.007%	$106K	$296K	5x	as long as short
Nado SPCX-PERP	+0.0238%	1h	152.48	−0.026%	$624K	$872K	20x	as long as short
Aster SPCXUSD1	+0.0247%	8h	152.66	+0.089%	$19.0M	$21.8M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.61	+0.059%	$741K	$946K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.60	+0.052%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0315%	8h	152.60	+0.052%	$31.0M	$66.5M	75x	as long as short
edgeX SPCXUSDC	+0.0386%	4h	152.60	+0.050%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.65	+0.087%	$402K	$548K	20x	as long as short