Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against SunX−0.209%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1351.346% of the position

Long on SunX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 3 days (all we have)+0.156%+$16 · spread now −0.209%, 7d avg −0.086%

Together, before fees+0.223%+ Points / potential airdropLighter RH: Points live · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.122% cheaper against SunX than usual: you would sell low and buy high (spread −0.209% now, against its 7-day average of −0.086%). If the spread goes back, that is −$12 on $10k: about 13 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPCX-USDT	153.35	0	get 0.0000% / 8h	7h 47m	$8K	$962K	10x
Short	Lighter RH SPCX	153.03	0.0032	get 0.0004% / 1h	47m 21s	$2.5M	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against SunX. 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 SunXbpFee Lighter RHbpOrdersPrice spread, now −0.209%Rate

Funding earned: $6.72
Price spread: −0.209% → −0.086%: −$12.23
Slippage, 4 orders: −$126.62
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$140.13
Costs to cover: 1.346%
Break-even: 153.0 days

Slippage from SunX: live order book, 5 min ago; Lighter RH: 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 SunX live order book, 5 min ago	57.12 bp	61.1 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	1.31 bp	1.6 bp −$2	3.7 bp −$37	33.9 bp −$3,390	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 −0.0297% / S +0.0506%	1h	153.09	−0.173%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.10	−0.163%	$96.6M	$31.1M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.500%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.94	−0.267%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	153.35	long leg	$8K	$962K	10x
HTX SPCX-USDT	0.0000%	8h	153.08	−0.176%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.98	−0.243%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.06	−0.189%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	153.03	−0.209%	$2.5M	$7.4M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.543%	$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	153.09	−0.170%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.10	−0.163%	$1.7M	$81K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.11	−0.157%	$534K	$415K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.89	−0.300%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.09	−0.170%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0094%	8h	153.11	−0.157%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	153.02	−0.215%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.97	−0.248%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.14	−0.137%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.11	−0.157%	$15K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0101%	8h	153.12	−0.150%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.09	−0.171%	$89	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0109%	1h	153.08	−0.176%	$490K	$1.1M	10x	as long as short
Bybit SPCXUSDT	+0.0173%	8h	153.16	−0.124%	$30.8M	$42.8M	100x	as long as short
Nado SPCX-PERP	+0.0185%	1h	153.00	−0.227%	$602K	$865K	20x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.02	−0.215%	$105K	$297K	5x	as long as short
Variational Omni SPCX	+0.0194%	8h	153.06	−0.188%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0205%	8h	153.16	−0.124%	$39.1M	$169.3M	75x	as long as short
Binance SPCXUSDT	+0.0214%	8h	153.13	−0.145%	$252.9M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0216%	1h	153.10	−0.166%	$732K	$3.7M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0291%	1h	153.07	−0.183%	$143.4M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0312%	1h	153.14	−0.137%	$11K	$187K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.06	−0.189%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	−0.137%	$734K	$971K	10x	as long as short
Aster SPCXUSD1	+0.0329%	8h	153.05	−0.198%	$19.0M	$20.1M	20x	as long as short
Bitget SPCXUSDT	+0.0345%	8h	153.16	−0.124%	$31.3M	$66.6M	75x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.13	−0.146%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0529%	4h	153.08	−0.179%	$1.7M	$893K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0600%	1h	153.11	−0.157%	$72K	$1.0M	10x	as long as short