Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0265%/8h= −29.0% APRpaid last 24h +0.004%

Price spread now: Lighter against Bitget−0.033%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$160.157% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.033%, 7d avg −0.051%

Together, before fees+0.062%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPCXUSDT	152.22	0.0297	pay 0.0297% / 8h	3h 31m	$29.3M	$64.7M	75x
Short	Lighter SPCX	152.17	0.0032	get 0.0004% / 1h	31m 59s	$1.6M	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$55.65
Price spread: −0.033% → −0.051%: $1.77
Slippage, 4 orders: −$3.7
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$69.58
Costs to cover: 0.157%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Lighter: live order book, 7 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 Bitget live order book, 3 min ago	0.66 bp	7.3 bp −$7	9.8 bp −$98	22.8 bp −$2,285	29.5 bp −$14.7K
Sell Lighter live order book, 7 min ago	0.33 bp	0.8 bp −$1	1.4 bp −$14	7.8 bp −$778	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 −0.0207% / S +0.0442%	1h	152.21	−0.010%	$88K	—	20x	as long as short
BloFin SPCX-USDT	−0.0007%	8h	152.25	+0.020%	$1.9M	$1.3M	75x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.18	−0.026%	$96.1M	$30.9M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.49	+13.319%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.27	+0.033%	$301K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.45	+0.151%	$8K	$994K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.23	+0.007%	$1.3M	$1.6M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	152.15	−0.043%	$7K	$10K	10x	as long as short
Lighter SPCXshort	+0.0032%	1h	152.17	−0.033%	$1.6M	$7.1M	20x
Lighter RH SPCX	+0.0032%	1h	152.17	−0.033%	$2.5M	$7.5M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.304%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.21	−0.007%	—	$956K	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.20	−0.013%	$487K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.22	0.000%	$1.7M	$80K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.25	+0.020%	$540K	$400K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.13	−0.059%	$3.1M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0061%	1h	152.24	+0.013%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0069%	8h	152.25	+0.019%	$100	—	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0073%	8h	152.24	+0.013%	$39.1M	$166.7M	75x	as long as short
Variational Omni SPCX	+0.0076%	8h	152.24	+0.011%	$6.0M	$4.3M	—	as long as short
Bybit SPCXUSDT	+0.0097%	8h	152.24	+0.013%	$30.5M	$41.9M	100x	as long as short
Pacifica SPCX	+0.0100%	1h	152.16	−0.039%	$175K	$137K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.14	−0.053%	$13.0M	$5.1M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.25	+0.020%	$58K	$269K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.28	+0.039%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.24	+0.012%	$88	—	10x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.21	−0.005%	$712K	$3.5M	10x	as long as short
Binance SPCXUSDT	+0.0114%	8h	152.24	+0.010%	$256.2M	$1.37B	75x	as long as short
Aster SPCXUSD1	+0.0126%	8h	152.28	+0.039%	$18.9M	$20.7M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0130%	1h	152.20	−0.013%	$130.2M	$105.3M	20x	as long as short
Bullet SPCX-USD	+0.0191%	1h	152.24	+0.016%	$11K	$190K	10x	as long as short
Nado SPCX-PERP	+0.0254%	1h	152.11	−0.070%	$670K	$832K	20x	as long as short
Arcus SPCX-USD	+0.0260%	1h	152.20	−0.013%	$105K	$296K	5x	as long as short
Phoenix SPCX	+0.0263%	1h	152.22	0.000%	$370K	$191K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0264%	1h	152.16	−0.039%	$739K	$964K	10x	as long as short
Bitget SPCXUSDTlong	+0.0297%	8h	152.22	long leg	$29.3M	$64.7M	75x
RISEx SPCX/USDC	+0.0358%	1h	152.29	+0.043%	$329K	$493K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0407%	1h	152.23	+0.007%	$70K	$1.0M	10x	as long as short
edgeX SPCXUSDC	+0.0707%	4h	152.23	+0.009%	$1.7M	$893K	20x	as long as short