Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.024%

Price spread now: Lighter against Bitget−0.065%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.065%, 7d avg −0.054%

Together, before fees+0.024%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPCXUSDT	152.83	0	get 0.0000% / 8h	5h 05m	$31.1M	$66.8M	75x
Short	Lighter SPCX	152.73	0.0032	get 0.0004% / 1h	5m 31s	$1.6M	$7.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.065%Rate

Funding earned: $6.72
Price spread: −0.065% → −0.054%: −$1.14
Slippage, 4 orders: −$4.24
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$10.67
Costs to cover: 0.162%
Break-even: 18.1 days

Slippage from Bitget: live order book, 2 min ago; Lighter: live order book, 6 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 Bitget live order book, 2 min ago	0.33 bp	7.3 bp −$7	9.9 bp −$99	21.6 bp −$2,159	32.8 bp −$16.4K
Sell Lighter live order book, 6 min ago	0.33 bp	0.5 bp $0	1.8 bp −$18	8.9 bp −$890	doesn't fit

SPCX on 38 exchanges

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	152.69	−0.088%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0078%	8h	152.76	−0.046%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.79	−0.026%	$30.1M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.77	−0.039%	$96.3M	$33.0M	100x	as long as short
Bitget SPCXUSDTlong	0.0000%	8h	152.83	long leg	$31.1M	$66.8M	75x
StandX SPCX-USD	0.0000%	1h	152.72	−0.072%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.92	+0.059%	$8K	$814K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.70	−0.085%	$43K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.81	−0.013%	$1.3M	$1.7M	75x	as long as short
Variational Omni SPCX	+0.0005%	8h	152.75	−0.049%	$5.9M	$2.7M	—	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0020%	1h	152.64	−0.128%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0030%	1h	152.73	−0.065%	$1.2M	$5.4M	10x	as long as short
Lighter SPCXshort	+0.0032%	1h	152.73	−0.065%	$1.6M	$7.5M	20x
Lighter RH SPCX	+0.0032%	1h	152.70	−0.085%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	−0.033%	$9K	$28K	5.5x	as long as short
Extended SPCX-USD	+0.0040%	1h	152.73	−0.065%	$701K	$5.3M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.70	−0.085%	$103K	$292K	5x	as long as short
Binance SPCXUSDT	+0.0044%	8h	152.79	−0.027%	$252.1M	$1.38B	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.75	−0.052%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.68	−0.098%	$128.3M	$129.7M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.75	−0.052%	$1.7M	$56K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.75	−0.052%	$533K	$376K	50x	as long as short
Paradex SPCX-USD-PERP	+0.0050%	8h	152.76	−0.045%	$101	—	5x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.59	−0.157%	$3.1M	$2.1M	10x	as long as short
RISEx SPCX/USDC	+0.0051%	1h	152.80	−0.020%	$351K	$488K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0079%	8h	152.81	−0.013%	$39.7M	$168.2M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0090%	1h	152.76	−0.046%	$487K	$1.1M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.70	−0.085%	$169K	$114K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.64	−0.124%	$13.0M	$6.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.78	−0.033%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.76	−0.046%	$15K	$7K	10x	as long as short
Bullet SPCX-USD	+0.0101%	1h	152.78	−0.033%	$11K	$191K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.75	−0.052%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0115%	1h	152.74	−0.060%	$633K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0136%	1h	152.70	−0.085%	$735K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.76	−0.046%	$450K	$271K	15x	as long as short
edgeX SPCXUSDC	+0.0225%	4h	152.74	−0.058%	$1.7M	$890K	20x	as long as short
Aster SPCXUSD1	+0.0409%	8h	152.94	+0.069%	$19.0M	$30.6M	20x	as long as short