Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0014%/8h= +1.6% APRpaid last 24h +0.008%

Price spread now: Binance against Lighter+0.027%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$120.122% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 7 days+0.029%+$3 · spread now +0.027%, 7d avg +0.053%

Together, before fees−0.001%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.026% cheaper against Lighter than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.053%). If the spread goes back, that is −$3 on $10k: about 6.1 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPCX	152.42	0.0088	pay 0.0011% / 1h	41m 27s	$1.6M	$7.4M	20x
Short	Binance SPCXUSDT	152.46	0.0102	get 0.0102% / 8h	1h 41m	$250.6M	$1.36B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now +0.027%Rate

Funding earned: $3.01
Price spread: +0.027% → +0.053%: −$2.63
Slippage, 4 orders: −$2.23
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.86
Costs to cover: 0.122%
Break-even: 34.6 days

Slippage from Lighter: live order book, 7 min ago; Binance: 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 Lighter live order book, 7 min ago	0.33 bp	0.8 bp −$1	2.3 bp −$23	8.6 bp −$856	doesn't fit
Sell Binance live order book, 3 min ago	0.33 bp	5.3 bp −$5	6.0 bp −$60	9.1 bp −$914	18.2 bp −$9,086

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	152.41	−0.010%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0017%	8h	152.57	+0.098%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.49	+0.046%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.45	+0.020%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.50	+0.052%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.187%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.55	+0.085%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.81	+0.256%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.54	+0.079%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	152.45	+0.018%	$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	152.41	−0.007%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.44	+0.013%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.45	+0.020%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.42	0.000%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.46	+0.026%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.47	+0.033%	$531K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.39	−0.020%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.51	+0.060%	$408K	$498K	20x	as long as short
Polymarket Perps SPCX-USD	+0.0074%	1h	152.45	+0.020%	$487K	$1.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0077%	8h	152.47	+0.032%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0080%	1h	152.39	−0.020%	$130.0M	$129.1M	20x	as long as short
Variational Omni SPCX	+0.0084%	8h	152.58	+0.104%	$6.0M	$2.8M	—	as long as short
Lighter SPCXlong	+0.0088%	1h	152.42	long leg	$1.6M	$7.4M	20x
Pacifica SPCX	+0.0100%	1h	152.39	−0.020%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.38	−0.026%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	+0.020%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.48	+0.039%	$14K	$7K	10x	as long as short
Binance SPCXUSDTshort	+0.0102%	8h	152.46	+0.027%	$250.6M	$1.36B	75x
Extended SPCX-USD	+0.0104%	1h	152.42	0.000%	$733K	$4.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.49	+0.044%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0115%	8h	152.49	+0.046%	$39.6M	$166.7M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.131%	$726K	$932K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.48	+0.039%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0226%	1h	152.40	−0.011%	$627K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0256%	1h	152.48	+0.037%	$11K	$192K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0341%	1h	152.45	+0.020%	$89K	$1.3M	10x	as long as short
Aster SPCXUSD1	+0.0365%	8h	152.60	+0.117%	$18.9M	$26.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.308%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0976%	4h	152.55	+0.084%	$1.7M	$893K	20x	as long as short