Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.012%

Price spread now: Lighter against SunX−0.137%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$620.619% of the position

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.137%, 7d avg −0.076%

Together, before fees+0.175%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.061% cheaper against SunX than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of −0.076%). If the spread goes back, that is −$6 on $10k: about 6.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPCX-USDT	152.87	0	get 0.0000% / 8h	2h 12m	$8K	$899K	10x
Short	Lighter SPCX	152.66	0.0032	get 0.0004% / 1h	12m 46s	$1.6M	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now −0.137%Rate

Funding earned: $6.72
Price spread: −0.137% → −0.076%: −$6.11
Slippage, 4 orders: −$53.86
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$61.25
Costs to cover: 0.619%
Break-even: 70.8 days

Slippage from SunX: live order book, 60 min ago; Lighter: live order book, 5 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 SunX live order book, 60 min ago	21.96 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.33 bp	0.5 bp −$1	1.9 bp −$19	10.2 bp −$1,019	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	152.62	−0.167%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0014%	8h	152.68	−0.124%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.74	−0.085%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.69	−0.118%	$96.2M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.75	−0.078%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.860%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.68	−0.124%	$300K	$2.8M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	152.87	long leg	$8K	$899K	10x
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.66	−0.137%	$88K	$1.3M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.75	−0.078%	$1.3M	$1.8M	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	+0.0019%	1h	152.54	−0.217%	$7K	$8K	10x	as long as short
Lighter SPCXshort	+0.0032%	1h	152.66	−0.137%	$1.6M	$7.4M	20x
Lighter RH SPCX	+0.0032%	1h	152.64	−0.150%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.57	−0.196%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.65	−0.144%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.71	−0.105%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.63	−0.157%	$130.6M	$128.9M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.64	−0.150%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.68	−0.124%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.71	−0.105%	$531K	$386K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.47	−0.262%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.71	−0.104%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0097%	8h	152.63	−0.157%	$6.0M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.63	−0.157%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.59	−0.183%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.55	−0.209%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.69	−0.118%	$15K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.68	−0.126%	$731K	$4.6M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.69	−0.118%	$89	—	10x	as long as short
Binance SPCXUSDT	+0.0106%	8h	152.72	−0.098%	$250.5M	$1.36B	75x	as long as short
Nado SPCX-PERP	+0.0106%	1h	152.62	−0.163%	$612K	$802K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0117%	8h	152.76	−0.072%	$39.5M	$166.5M	75x	as long as short
Bullet SPCX-USD	+0.0138%	1h	152.71	−0.104%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.72	−0.095%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.70	−0.111%	$731K	$938K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.65	−0.144%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0362%	8h	152.72	−0.096%	$18.9M	$24.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	−0.111%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0817%	4h	152.61	−0.170%	$1.7M	$894K	20x	as long as short