Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h +0.025%

Price spread now: Lighter RH against BloFin−0.085%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs+$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on BloFin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.270%+$27 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.085%, 7d avg −0.043%

Together, before fees+0.411%+ Points / potential airdropLighter RH: Points live · farm board+$41 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.043% cheaper against BloFin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	152.88	0.0037	pay 0.0037% / 8h	3h 40m	$1.9M	$1.3M	75x
Short	Lighter RH SPCX	152.75	0.0032	get 0.0004% / 1h	40m 20s	$2.5M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against BloFin. 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 BloFinbpFee Lighter RHbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$0.95
Price spread: −0.085% → −0.043%: −$4.25
Slippage, 4 orders: −$4.18
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$21.38
Costs to cover: 0.162%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Lighter RH: live order book, 3 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 BloFin live order book, 2 min ago	0.65 bp	6.7 bp −$7	7.2 bp −$72	9.6 bp −$963	13.6 bp −$6,815
Sell Lighter RH live order book, 3 min ago	1.31 bp	1.5 bp −$1	2.7 bp −$27	31.5 bp −$3,146	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 −0.0214% / S +0.0456%	1h	152.75	−0.088%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.74	−0.092%	$96.2M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.81	−0.046%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.853%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	0.000%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.10	+0.144%	$8K	$929K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.90	+0.013%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0020%	8h	152.76	−0.078%	$30.7M	$42.6M	100x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	152.75	−0.085%	$2.5M	$7.3M	20x
Aftermath Perps SPCXUSD	+0.0033%	1h	152.79	−0.061%	$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
BloFin SPCX-USDTlong	+0.0037%	8h	152.88	long leg	$1.9M	$1.3M	75x
Arcus SPCX-USD	+0.0040%	1h	152.80	−0.052%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.76	−0.078%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.75	−0.085%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.73	−0.098%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.74	−0.092%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.80	−0.052%	$1.2M	$5.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0057%	1h	152.78	−0.065%	$495K	$1.2M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.73	−0.098%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.73	−0.098%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.77	−0.072%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.77	−0.072%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.77	−0.070%	$89	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0106%	8h	152.84	−0.025%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0142%	8h	152.85	−0.021%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0157%	8h	152.76	−0.078%	$248.4M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0160%	8h	152.78	−0.065%	$39.6M	$166.0M	75x	as long as short
Lighter SPCX	+0.0160%	1h	152.71	−0.111%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0160%	1h	152.72	−0.107%	$738K	$3.8M	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.84	−0.023%	$409K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	+0.013%	$741K	$939K	10x	as long as short
Nado SPCX-PERP	+0.0254%	1h	152.69	−0.122%	$615K	$810K	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.85	−0.020%	$444K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0282%	1h	152.77	−0.072%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0285%	1h	152.75	−0.085%	$141.2M	$119.3M	20x	as long as short
Aster SPCXUSD1	+0.0432%	8h	152.91	+0.020%	$19.0M	$23.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.24	+0.235%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0471%	1h	152.73	−0.098%	$84K	$1.2M	10x	as long as short
edgeX SPCXUSDC	+0.0694%	4h	152.87	−0.007%	$1.7M	$891K	20x	as long as short