Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.011%

Price spread now: Lighter RH against Paradex−0.097%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Lighter RH

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 airdropParadex: Active · Lighter RH: Points live · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.097% cheaper against Paradex than usual: you would sell low and buy high (−$10 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	Paradex SPCX-USD-PERP	152.60	0.0059	pay 0.0059% / 8h	1h 54m	$101	—	5x
Short	Lighter RH SPCX	152.45	0.0032	get 0.0004% / 1h	54m 12s	$2.5M	$7.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Paradex. 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 ParadexbpFee Lighter RHbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$5.76
Price spread: −0.097% → 0.000%: −$9.65
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$19.41
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Lighter RH: live order book, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 4 min ago	1.31 bp	1.5 bp −$1	2.8 bp −$28	28.7 bp −$2,868	doesn't fit

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 −0.0187% / S +0.0435%	1h	152.50	−0.067%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0028%	8h	152.60	+0.002%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.57	−0.018%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.55	−0.031%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.59	−0.005%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.061%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.62	+0.015%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.83	+0.152%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.66	+0.041%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0018%	1h	152.52	−0.049%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCXshort	+0.0032%	1h	152.45	−0.097%	$2.5M	$7.2M	20x
QFEX SPCX-USD	+0.0038%	1h	152.56	−0.024%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.55	−0.031%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.53	−0.044%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.53	−0.044%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.56	−0.024%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.55	−0.031%	$530K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.57	−0.018%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERPlong	+0.0059%	8h	152.60	long leg	$101	—	5x
Lighter SPCX	+0.0064%	1h	152.46	−0.090%	$1.6M	$7.3M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0069%	1h	152.45	−0.097%	$130.1M	$129.0M	20x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.58	−0.010%	$408K	$505K	20x	as long as short
Variational Omni SPCX	+0.0073%	8h	152.63	+0.020%	$6.0M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0093%	8h	152.57	−0.016%	$250.1M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0096%	1h	152.52	−0.048%	$732K	$4.6M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.49	−0.070%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.46	−0.090%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.54	−0.038%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.57	−0.018%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.54	−0.034%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0109%	8h	152.59	−0.005%	$39.6M	$166.8M	75x	as long as short
Nado SPCX-PERP	+0.0189%	1h	152.50	−0.064%	$611K	$800K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.61	+0.008%	$729K	$929K	10x	as long as short
Bullet SPCX-USD	+0.0218%	1h	152.59	−0.006%	$11K	$192K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.65	+0.035%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0350%	8h	152.67	+0.049%	$18.9M	$25.4M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0406%	1h	152.51	−0.057%	$89K	$1.3M	10x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.192%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0988%	4h	152.66	+0.041%	$1.7M	$891K	20x	as long as short