Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.013%

Price spread now: Paradex against Lighter RH+0.078%7-day average — · you sell dearer than you buy

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

Long on Lighter RH Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.078% dearer against Lighter RH than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SPCX	152.10	0.0032	pay 0.0004% / 1h	34m 51s	$2.5M	$7.3M	20x
Short	Paradex SPCX-USD-PERP	152.22	0.0062	get 0.0062% / 8h	7h 34m	$100	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Lighter RH. 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 Lighter RHbpFee ParadexbpOrdersPrice spread, now +0.078%Rate

Funding earned: $6.24
Price spread: +0.078% → 0.000%: $7.78
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $10.01
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 4 min ago; Paradex: no order-book sample. 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 RH live order book, 4 min ago	1.31 bp	1.5 bp −$1	3.1 bp −$31	30.1 bp −$3,011	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SPCX on 38 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	152.10	+0.003%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0015%	8h	152.22	+0.079%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.17	+0.046%	$30.4M	$43.0M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.16	+0.039%	$96.2M	$32.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.18	+0.053%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.28	+0.118%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.56	+0.302%	$8K	$854K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.33	+0.151%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.18	+0.051%	$7K	$7K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.11	+0.007%	$1.6M	$7.4M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCXlong	+0.0032%	1h	152.10	long leg	$2.5M	$7.3M	20x
QFEX SPCX-USD	+0.0035%	1h	152.16	+0.039%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.16	+0.039%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.20	+0.066%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.09	−0.007%	$129.7M	$129.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.09	−0.007%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.16	+0.039%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.21	+0.072%	$529K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.11	+0.007%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERPshort	+0.0062%	8h	152.22	+0.078%	$100	—	5x
Nado SPCX-PERP	+0.0080%	1h	152.16	+0.039%	$635K	$813K	20x	as long as short
Bullet SPCX-USD	+0.0083%	1h	152.22	+0.076%	$11K	$192K	10x	as long as short
Variational Omni SPCX	+0.0085%	8h	152.23	+0.085%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.12	+0.013%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.11	+0.007%	$13.0M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.34	+0.158%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.23	+0.085%	$14K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.15	+0.033%	$725K	$5.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.19	+0.062%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0105%	8h	152.19	+0.059%	$253.1M	$1.37B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0117%	8h	152.20	+0.066%	$39.4M	$167.3M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.25	+0.099%	$381K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.25	+0.099%	$447K	$268K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0210%	1h	152.17	+0.046%	$86K	$1.4M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.13	+0.020%	$693K	$992K	10x	as long as short
Aster SPCXUSD1	+0.0383%	8h	152.33	+0.151%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.270%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0713%	4h	152.24	+0.093%	$1.7M	$890K	20x	as long as short