Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h −0.011%

Price spread now: Lighter RH against Paradex−0.063%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Lighter RH

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 airdropParadex: Active · Lighter 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 0.063% cheaper against Paradex than usual: you would sell low and buy high (−$6 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	Paradex SPCX-USD-PERP	153.11	0.0101	pay 0.0101% / 8h	7h 46m	$101	—	5x
Short	Lighter RH SPCX	153.01	0.0032	get 0.0004% / 1h	46m 08s	$2.5M	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Paradex. 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 ParadexbpFee Lighter RHbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$14.58
Price spread: −0.063% → 0.000%: −$6.27
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$24.85
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: 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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 2 min ago	1.31 bp	1.6 bp −$2	3.7 bp −$37	33.9 bp −$3,390	doesn't fit

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 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 −0.0298% / S +0.0506%	1h	153.06	−0.027%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.07	−0.023%	$96.6M	$31.1M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.679%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.108%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.35	+0.159%	$8K	$962K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.10	−0.004%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.99	−0.074%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.04	−0.043%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	153.01	−0.063%	$2.5M	$7.4M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.707%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	153.08	−0.017%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	−0.023%	$1.7M	$81K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.10	−0.004%	$534K	$415K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.89	−0.141%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.05	−0.037%	$1.2M	$7.5M	10x	as long as short
BloFin SPCX-USDT	+0.0094%	8h	153.11	+0.003%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	153.01	−0.063%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	−0.095%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.14	+0.022%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	−0.004%	$15K	$7K	10x	as long as short
Paradex SPCX-USD-PERPlong	+0.0101%	8h	153.11	long leg	$101	—	5x
Aevo SPCX-PERP	+0.0104%	1h	153.08	−0.016%	$89	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0104%	1h	153.06	−0.030%	$490K	$1.1M	10x	as long as short
Nado SPCX-PERP	+0.0191%	1h	152.98	−0.081%	$602K	$865K	20x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.03	−0.050%	$105K	$297K	5x	as long as short
Bybit SPCXUSDT	+0.0198%	8h	153.13	+0.016%	$30.8M	$42.8M	100x	as long as short
Variational Omni SPCX	+0.0199%	8h	153.08	−0.016%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0206%	8h	153.10	−0.004%	$39.1M	$169.3M	75x	as long as short
Extended SPCX-USD	+0.0216%	1h	153.06	−0.031%	$732K	$3.7M	10x	as long as short
Binance SPCXUSDT	+0.0217%	8h	153.09	−0.010%	$252.7M	$1.38B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0286%	1h	153.06	−0.030%	$143.4M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0305%	1h	153.09	−0.009%	$12K	$187K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.06	−0.030%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.022%	$734K	$971K	10x	as long as short
Aster SPCXUSD1	+0.0332%	8h	153.05	−0.035%	$19.0M	$20.1M	20x	as long as short
Bitget SPCXUSDT	+0.0348%	8h	153.12	+0.009%	$31.3M	$66.6M	75x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.11	+0.003%	$401K	$535K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0469%	1h	153.08	−0.017%	$71K	$1.0M	10x	as long as short
edgeX SPCXUSDC	+0.0529%	4h	153.08	−0.020%	$1.7M	$893K	20x	as long as short