Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.005%

Price spread now: Lighter RH against Phemex+0.020%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Phemex Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)+0.085%+$9 · spread now +0.020%, 7d avg +0.023%

Together, before fees+0.192%+ Points / potential airdropLighter RH: Points live · farm board+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.107%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SPCXUSDT	152.49	0.0050	pay 0.0050% / 8h	1h 46m	$531K	$384K	50x
Short	Lighter RH SPCX	152.52	0.0032	get 0.0004% / 1h	46m 25s	$2.5M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Phemex. 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 PhemexbpFee Lighter RHbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$3.78
Price spread: +0.020% → +0.023%: −$0.29
Slippage, 4 orders: −$19.21
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$35.27
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from Phemex: live order book, 61 min ago; Lighter RH: live order book, 2 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 Phemex live order book, 61 min ago	0.65 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.31 bp	1.7 bp −$2	3.0 bp −$30	28.0 bp −$2,803	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 −0.0187% / S +0.0435%	1h	152.49	−0.003%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0020%	8h	152.60	+0.072%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.56	+0.046%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.55	+0.039%	$96.2M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.60	+0.072%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.140%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.63	+0.092%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.87	+0.249%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.68	+0.125%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.52	+0.021%	$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	152.52	+0.020%	$2.5M	$7.3M	20x
QFEX SPCX-USD	+0.0038%	1h	152.56	+0.046%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.53	+0.026%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.54	+0.033%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.56	+0.046%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.56	+0.046%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDTlong	+0.0050%	8h	152.49	long leg	$531K	$384K	50x
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.013%	$3.2M	$2.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0070%	1h	152.47	−0.013%	$130.1M	$129.1M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0072%	8h	152.60	+0.070%	$101	—	5x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.63	+0.089%	$408K	$498K	20x	as long as short
Variational Omni SPCX	+0.0079%	8h	152.62	+0.085%	$6.0M	$2.8M	—	as long as short
Lighter SPCX	+0.0096%	1h	152.54	+0.033%	$1.6M	$7.3M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.51	+0.013%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.48	−0.007%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.53	+0.026%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.58	+0.059%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0101%	8h	152.58	+0.059%	$250.4M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.56	+0.043%	$732K	$4.6M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.57	+0.053%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0113%	8h	152.61	+0.079%	$39.6M	$166.9M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.085%	$726K	$932K	10x	as long as short
edgeX SPCXUSDC	+0.0201%	4h	152.61	+0.080%	$1.7M	$893K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.62	+0.085%	$444K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0215%	1h	152.47	−0.012%	$613K	$801K	20x	as long as short
Bullet SPCX-USD	+0.0250%	1h	152.59	+0.066%	$11K	$191K	10x	as long as short
Aster SPCXUSD1	+0.0361%	8h	152.70	+0.139%	$18.9M	$25.9M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.262%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0537%	1h	152.55	+0.039%	$89K	$1.3M	10x	as long as short