Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.007%

Price spread now: Lighter RH against edgeX−0.063%50s7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$170.168% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.697%−$70 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.063%, 7d avg −0.031%

Together, before fees−0.681%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board−$68 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.032% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.031%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	153.07	0.0075	pay 0.0038% / 4h	3h 22m	$1.7M	$892K	20x
Short	Lighter RH SPCX	152.97	0.0032	get 0.0004% / 1h	22m 22s	$2.5M	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against edgeX. 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 edgeXbpFee Lighter RHbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$9.06
Price spread: −0.063% → −0.031%: −$3.15
Slippage, 4 orders: −$7.75
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$28.97
Costs to cover: 0.168%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Lighter RH: live order book, 1 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 edgeX live order book, 2 min ago	1.96 bp	6.5 bp −$6	7.5 bp −$75	20.8 bp −$2,083	doesn't fit
Sell Lighter RH live order book, 1 min ago	1.63 bp	1.8 bp −$2	3.8 bp −$38	29.8 bp −$2,984	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 −0.0317% / S +0.0520%	1h	153.00	−0.040%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.03	−0.023%	$96.4M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.709%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.93	−0.089%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.29	+0.146%	$8K	$956K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.09	+0.016%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	153.01	−0.037%	$8K	$8K	10x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	152.97	−0.063%	$2.5M	$7.4M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.734%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.05	−0.010%	—	$1.2M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0048%	1h	153.00	−0.043%	$1.6M	$7.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.02	−0.030%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.02	−0.030%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.04	−0.017%	$533K	$414K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.94	−0.082%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.03	−0.023%	$1.2M	$7.3M	10x	as long as short
edgeX SPCXUSDClong	+0.0075%	4h	153.07	long leg	$1.7M	$892K	20x
Paradex SPCX-USD-PERP	+0.0097%	8h	153.06	−0.005%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.93	−0.089%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.95	−0.076%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.036%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.06	−0.004%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.05	−0.010%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0113%	8h	153.05	−0.010%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDT	+0.0150%	8h	153.06	−0.004%	$30.9M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.00	−0.043%	$105K	$297K	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0208%	1h	153.00	−0.043%	$72K	$1.1M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0212%	8h	153.07	+0.003%	$39.2M	$169.1M	75x	as long as short
Variational Omni SPCX	+0.0216%	8h	153.07	+0.003%	$6.0M	$3.5M	—	as long as short
Nado SPCX-PERP	+0.0230%	1h	152.94	−0.080%	$620K	$857K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0231%	1h	153.00	−0.043%	$143.1M	$119.3M	20x	as long as short
Extended SPCX-USD	+0.0232%	1h	153.01	−0.037%	$734K	$4.0M	10x	as long as short
Binance SPCXUSDT	+0.0234%	8h	153.05	−0.010%	$253.1M	$1.38B	75x	as long as short
Bullet SPCX-USD	+0.0237%	1h	153.07	0.000%	$11K	$189K	10x	as long as short
Bitget SPCXUSDT	+0.0313%	8h	153.09	+0.016%	$31.3M	$66.4M	75x	as long as short
Phoenix SPCX	+0.0314%	1h	153.09	+0.016%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.01	−0.036%	$731K	$977K	10x	as long as short
Aster SPCXUSD1	+0.0367%	8h	153.10	+0.020%	$19.0M	$18.3M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.08	+0.007%	$401K	$535K	20x	as long as short