Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0079%/8h= +8.6% APRpaid last 24h +0.005%

Price spread now: Variational Omni against Lighter+0.030%7-day average +0.042% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.020%−$2 on $10k

Price spread, last 7 days+0.014%+$1 · spread now +0.030%, 7d avg +0.042%

Together, before fees−0.006%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPCX	152.25	0.0032	pay 0.0004% / 1h	10m 18s	$1.6M	$7.4M	20x
Short	Variational Omni SPCX	152.30	0.0111	get 0.0111% / 8h	10m 18s	$5.9M	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.030%Rate

Funding earned: $16.49
Price spread: +0.030% → +0.042%: −$1.2
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $15.29
Costs to cover: 0.000%
Break-even: 0.5 days

Slippage unknown: Lighter: live order book, 13 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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, 13 min ago	0.33 bp	0.7 bp −$1	1.4 bp −$14	8.2 bp −$816	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.36 bp	doesn't fit	3.1 bp −$31	doesn't fit	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 −0.0187% / S +0.0435%	1h	152.24	−0.010%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.32	+0.046%	$30.5M	$42.8M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.31	+0.039%	$96.3M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.33	+0.053%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.318%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.34	+0.059%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.57	+0.210%	$8K	$888K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.35	+0.066%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0004%	8h	152.30	+0.033%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	152.26	+0.008%	$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 SPCXlong	+0.0032%	1h	152.25	long leg	$1.6M	$7.4M	20x
Lighter RH SPCX	+0.0032%	1h	152.23	−0.013%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.24	−0.007%	$102K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.32	+0.046%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.23	−0.013%	$129.7M	$129.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.28	+0.020%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.28	+0.020%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.29	+0.026%	$529K	$371K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.17	−0.053%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.27	+0.013%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0076%	8h	152.29	+0.029%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.21	−0.026%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.16	−0.059%	$12.9M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	+0.079%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.32	+0.046%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.31	+0.040%	$88	—	10x	as long as short
Variational Omni SPCXshort	+0.0111%	8h	152.30	+0.030%	$5.9M	$2.8M	—
Extended SPCX-USD	+0.0120%	1h	152.29	+0.028%	$724K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0124%	8h	152.31	+0.037%	$253.2M	$1.36B	75x	as long as short
Bullet SPCX-USD	+0.0124%	1h	152.32	+0.049%	$11K	$192K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0138%	8h	152.34	+0.059%	$39.7M	$166.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.29	+0.026%	$89K	$1.4M	10x	as long as short
Nado SPCX-PERP	+0.0155%	1h	152.22	−0.019%	$631K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.059%	$728K	$930K	10x	as long as short
edgeX SPCXUSDC	+0.0365%	4h	152.32	+0.044%	$1.7M	$891K	20x	as long as short
Phoenix SPCX	+0.0368%	1h	152.32	+0.046%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0392%	8h	152.41	+0.103%	$18.9M	$30.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.58	+0.217%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.34	+0.060%	$381K	$505K	20x	as long as short