Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.016%

Price spread now: Lighter against Orderly+0.007%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 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: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SPCX_USDC_mythos	152.24	0.0100	pay 0.0100% / 8h	21m 40s	$14K	$7K	10x
Short	Lighter SPCX	152.25	0.0032	get 0.0004% / 1h	21m 40s	$1.6M	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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 OrderlybpFee LighterbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$14.28
Price spread: +0.007% → 0.000%: $0.66
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$19.62
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 12 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 12 min ago	0.33 bp	1.0 bp −$1	1.4 bp −$14	11.1 bp −$1,110	doesn't fit

Orderly: 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 −0.0187% / S +0.0435%	1h	152.16	−0.049%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.27	+0.020%	$96.2M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.32	+0.053%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.326%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.24	0.000%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.51	+0.177%	$8K	$890K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.21	−0.020%	$89K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.30	+0.039%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0007%	8h	152.30	+0.039%	$30.5M	$42.8M	100x	as long as short
BloFin SPCX-USDT	+0.0014%	8h	152.22	−0.013%	$1.9M	$1.2M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0026%	1h	152.16	−0.052%	$7K	$8K	10x	as long as short
Lighter SPCXshort	+0.0032%	1h	152.25	+0.007%	$1.6M	$7.4M	20x
Lighter RH SPCX	+0.0032%	1h	152.23	−0.007%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.16	−0.053%	$102K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.25	+0.007%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.18	−0.039%	$129.8M	$129.2M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.20	−0.026%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.23	−0.007%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.26	+0.013%	$529K	$370K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.02	−0.145%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.25	+0.007%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0083%	8h	152.28	+0.025%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.19	−0.033%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.13	−0.072%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.23	−0.007%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythoslong	+0.0100%	8h	152.24	long leg	$14K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	152.23	−0.008%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0122%	8h	152.17	−0.048%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0133%	8h	152.30	+0.036%	$253.2M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.26	+0.011%	$724K	$5.3M	10x	as long as short
Bullet SPCX-USD	+0.0138%	1h	152.26	+0.013%	$11K	$192K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0148%	8h	152.33	+0.059%	$39.7M	$166.6M	75x	as long as short
Nado SPCX-PERP	+0.0166%	1h	152.19	−0.033%	$630K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.066%	$728K	$930K	10x	as long as short
edgeX SPCXUSDC	+0.0340%	4h	152.18	−0.040%	$1.7M	$890K	20x	as long as short
Phoenix SPCX	+0.0368%	1h	152.20	−0.026%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0403%	8h	152.37	+0.086%	$18.9M	$29.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.58	+0.223%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.31	+0.045%	$381K	$507K	20x	as long as short