Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.020%

Price spread now: Lighter RH against Orderly−0.046%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 5 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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter RH is 0.046% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SPCX_USDC_mythos	153.06	0.0100	pay 0.0100% / 8h	7h 21m	$15K	$7K	10x
Short	Lighter RH SPCX	152.99	0.0032	get 0.0004% / 1h	21m 31s	$2.5M	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Orderly. 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 OrderlybpFee Lighter RHbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$14.28
Price spread: −0.046% → 0.000%: −$4.57
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$24.85
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Lighter RH: live order book, 2 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 2 min ago	1.63 bp	1.8 bp −$2	3.8 bp −$38	29.8 bp −$2,984	doesn't fit

Orderly: 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 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	153.01	−0.029%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.03	−0.020%	$96.4M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.713%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.92	−0.091%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.29	+0.150%	$8K	$956K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.09	+0.020%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	153.01	−0.033%	$8K	$8K	10x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	152.99	−0.046%	$2.5M	$7.4M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.737%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.06	0.000%	—	$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	−0.039%	$1.6M	$7.4M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.02	−0.026%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.03	−0.020%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.04	−0.013%	$534K	$408K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.86	−0.131%	$3.2M	$2.6M	10x	as long as short
edgeX SPCXUSDC	+0.0061%	4h	153.03	−0.017%	$1.7M	$893K	20x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.03	−0.020%	$1.2M	$7.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0097%	8h	153.07	+0.007%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.93	−0.085%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	−0.065%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.085%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythoslong	+0.0100%	8h	153.06	long leg	$15K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	153.06	−0.002%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0113%	8h	153.05	−0.007%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDT	+0.0140%	8h	153.06	0.000%	$30.9M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.99	−0.046%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0212%	8h	153.08	+0.013%	$39.2M	$169.0M	75x	as long as short
Variational Omni SPCX	+0.0216%	8h	153.07	+0.006%	$6.0M	$3.5M	—	as long as short
tradeXYZ xyz:SPCX	+0.0230%	1h	153.01	−0.033%	$143.1M	$119.3M	20x	as long as short
Nado SPCX-PERP	+0.0230%	1h	152.96	−0.068%	$620K	$856K	20x	as long as short
Extended SPCX-USD	+0.0232%	1h	153.02	−0.023%	$734K	$4.0M	10x	as long as short
Binance SPCXUSDT	+0.0234%	8h	153.07	+0.008%	$253.1M	$1.38B	75x	as long as short
Bullet SPCX-USD	+0.0237%	1h	153.07	+0.004%	$11K	$189K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	153.01	−0.033%	$72K	$1.1M	10x	as long as short
Bitget SPCXUSDT	+0.0311%	8h	153.09	+0.020%	$31.3M	$66.4M	75x	as long as short
Phoenix SPCX	+0.0314%	1h	153.04	−0.013%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.01	−0.033%	$731K	$977K	10x	as long as short
Aster SPCXUSD1	+0.0369%	8h	153.10	+0.025%	$19.0M	$18.3M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.10	+0.026%	$401K	$535K	20x	as long as short