Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.020%

Price spread now: Lighter RH against Orderly−0.052%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Lighter RH

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 RH: Points live · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter RH is 0.052% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SPCX_USDC_mythos	152.65	0.0100	pay 0.0100% / 8h	1h 58m	$15K	$7K	10x
Short	Lighter RH SPCX	152.57	0.0032	get 0.0004% / 1h	58m 45s	$2.4M	$7.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$14.28
Price spread: −0.052% → 0.000%: −$5.24
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$25.52
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Lighter RH: live order book, 5 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 RH live order book, 5 min ago	1.64 bp	1.8 bp −$2	4.0 bp −$40	33.9 bp −$3,388	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 −0.0335% / S +0.0533%	1h	152.62	−0.023%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.64	−0.007%	$96.5M	$30.8M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+13.004%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.65	0.000%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.81	+0.105%	$8K	$990K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.60	−0.033%	$70K	$1.1M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.61	−0.026%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.61	−0.026%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.58	−0.046%	$1.6M	$7.1M	20x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	152.57	−0.052%	$2.4M	$7.5M	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SPCX-USD	+0.0032%	1h	152.63	−0.014%	$12K	$189K	10x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.013%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.68	+0.020%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.61	−0.026%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.62	−0.020%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.62	−0.020%	$540K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.46	−0.124%	$3.2M	$2.6M	10x	as long as short
edgeX SPCXUSDC	+0.0054%	4h	152.62	−0.019%	$1.7M	$894K	20x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.61	−0.026%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0088%	8h	152.62	−0.020%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0096%	8h	152.64	−0.007%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.55	−0.066%	$175K	$135K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.52	−0.085%	$13.0M	$5.3M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.65	0.000%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythoslong	+0.0100%	8h	152.65	long leg	$15K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	152.65	−0.002%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0142%	1h	152.61	−0.026%	$129.8M	$107.4M	20x	as long as short
Bybit SPCXUSDT	+0.0153%	8h	152.66	+0.007%	$30.7M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0187%	8h	152.65	0.000%	$38.9M	$168.1M	75x	as long as short
Variational Omni SPCX	+0.0195%	8h	152.62	−0.020%	$6.1M	$4.2M	—	as long as short
Nado SPCX-PERP	+0.0196%	1h	152.54	−0.070%	$625K	$877K	20x	as long as short
Binance SPCXUSDT	+0.0215%	8h	152.63	−0.011%	$256.1M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0216%	1h	152.60	−0.030%	$715K	$3.6M	10x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.56	−0.059%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0246%	8h	152.69	+0.028%	$19.0M	$21.3M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	+0.039%	$741K	$947K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.69	+0.026%	$445K	$191K	15x	as long as short
Bitget SPCXUSDT	+0.0338%	8h	152.65	0.000%	$31.1M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.68	+0.016%	$402K	$542K	20x	as long as short