Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%

Price spread now: HTX against Lighter+0.085%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 4 days (all we have)−0.196%−$20 · spread now +0.085%, 7d avg +0.020%

Together, before fees−0.277%+ Points / potential airdropLighter: Season 3 · farm board−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.065% dearer against Lighter than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.020%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPCX	152.99	0.0032	pay 0.0004% / 1h	8m 04s	$1.6M	$7.4M	20x
Short	HTX SPCX-USDT	153.12	0	get 0.0000% / 8h	4h 08m	$1.3M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$6.72
Price spread: +0.085% → +0.020%: $6.5
Slippage, 4 orders: −$10.37
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$22.59
Costs to cover: 0.224%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; HTX: 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 Lighter live order book, 5 min ago	0.65 bp	0.8 bp −$1	1.8 bp −$18	7.6 bp −$756	doesn't fit
Sell HTX live order book, 1 min ago	1.31 bp	11.1 bp −$11	12.4 bp −$124	17.0 bp −$1,700	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 −0.0253% / S +0.0486%	1h	153.01	+0.016%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.08	+0.059%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.04	+0.033%	$96.4M	$31.4M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.10	+0.072%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.770%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.02	+0.020%	$302K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.37	+0.248%	$7K	$940K	10x	as long as short
HTX SPCX-USDTshort	0.0000%	8h	153.12	+0.085%	$1.3M	$1.7M	75x
Aftermath Perps SPCXUSD	+0.0022%	1h	153.04	+0.031%	$8K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0023%	8h	153.12	+0.085%	$1.9M	$1.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCXlong	+0.0032%	1h	152.99	long leg	$1.6M	$7.4M	20x
Lighter RH SPCX	+0.0032%	1h	152.97	−0.013%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	+0.013%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.03	+0.026%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.00	+0.007%	$1.2M	$6.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	−0.013%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.03	+0.026%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.07	+0.052%	$532K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.93	−0.039%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0060%	8h	153.04	+0.034%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.98	−0.007%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.97	−0.013%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	+0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.04	+0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.03	+0.026%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0111%	1h	152.98	−0.007%	$141.4M	$119.0M	20x	as long as short
Bullet SPCX-USD	+0.0121%	1h	153.07	+0.055%	$11K	$191K	10x	as long as short
Variational Omni SPCX	+0.0129%	8h	153.07	+0.050%	$6.0M	$3.0M	—	as long as short
Nado SPCX-PERP	+0.0136%	1h	152.94	−0.031%	$617K	$818K	20x	as long as short
Binance SPCXUSDT	+0.0142%	8h	153.07	+0.053%	$248.2M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	153.01	+0.016%	$734K	$3.8M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0146%	8h	153.09	+0.065%	$39.5M	$166.7M	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.07	+0.051%	$410K	$525K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.10	+0.072%	$738K	$926K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.09	+0.065%	$445K	$268K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0338%	1h	153.02	+0.020%	$83K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0405%	8h	153.13	+0.094%	$19.0M	$21.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.50	+0.333%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0619%	4h	153.07	+0.051%	$1.7M	$891K	20x	as long as short