Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0065%/8h= −7.2% APRpaid last 24h −0.007%

Price spread now: Lighter against Variational Omni−0.019%7-day average −0.042% · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 7 days−0.015%−$1 · spread now −0.019%, 7d avg −0.042%

Together, before fees+0.002%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.023% dearer against Variational Omni than usual: you sell high and buy low (spread −0.019% now, against its 7-day average of −0.042%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPCX	152.43	0.0121	pay 0.0121% / 8h	3h 00m	$6.0M	$2.9M	—
Short	Lighter SPCX	152.40	0.0056	get 0.0007% / 1h	0m 49s	$1.6M	$7.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$13.73
Price spread: −0.019% → −0.042%: $2.33
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$11.41
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter: live order book, 7 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 Variational Omni RFQ quote, 3 min ago	2.33 bp	doesn't fit	4.0 bp −$40	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.33 bp	0.6 bp −$1	2.0 bp −$20	8.5 bp −$853	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 −0.0224% / S +0.0463%	1h	152.34	−0.055%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.45	+0.014%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.43	+0.001%	$96.2M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.47	+0.027%	$31.4M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.186%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.55	+0.080%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.70	+0.178%	$8K	$916K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.52	+0.060%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0011%	8h	152.46	+0.021%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.37	−0.037%	$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 SPCX	+0.0032%	1h	152.36	−0.045%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.40	−0.019%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.46	+0.021%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.42	−0.005%	$489K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.41	−0.012%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.46	+0.021%	$531K	$388K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.33	−0.065%	$3.2M	$2.3M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.43	+0.001%	$1.2M	$5.6M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0052%	1h	152.33	−0.065%	$131.0M	$128.4M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0055%	8h	152.46	+0.021%	$101	—	5x	as long as short
Lighter SPCXshort	+0.0056%	1h	152.40	−0.019%	$1.6M	$7.5M	20x
Pacifica SPCX	+0.0100%	1h	152.36	−0.045%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.32	−0.071%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.39	−0.025%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.46	+0.021%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.44	+0.008%	$88	—	10x	as long as short
Variational Omni SPCXlong	+0.0121%	8h	152.43	long leg	$6.0M	$2.9M	—
Extended SPCX-USD	+0.0128%	1h	152.41	−0.009%	$731K	$4.6M	10x	as long as short
Binance SPCXUSDT	+0.0131%	8h	152.46	+0.018%	$250.5M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0139%	8h	152.46	+0.021%	$39.4M	$166.3M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.41	−0.012%	$87K	$1.2M	10x	as long as short
Nado SPCX-PERP	+0.0184%	1h	152.39	−0.025%	$614K	$804K	20x	as long as short
Bullet SPCX-USD	+0.0189%	1h	152.46	+0.021%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.49	+0.037%	$408K	$522K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	+0.008%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.45	+0.014%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0403%	8h	152.54	+0.072%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.500%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0669%	4h	152.49	+0.039%	$1.7M	$893K	20x	as long as short