Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0371%/8h= −40.6% APRpaid last 24h +0.032%

Price spread now: Lighter against edgeX−0.008%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$140.138% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.621%−$62 on $10k

Price spread, last 7 days−0.019%−$2 · spread now −0.008%, 7d avg −0.014%

Together, before fees−0.641%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$64 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	152.44	0.0459	pay 0.0229% / 4h	3h 17m	$1.7M	$892K	20x
Short	Lighter SPCX	152.43	0.0088	get 0.0011% / 1h	17m 13s	$1.6M	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$77.83
Price spread: −0.008% → −0.014%: $0.61
Slippage, 4 orders: −$4.8
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$91.01
Costs to cover: 0.138%
Break-even: never at this rate

Slippage from edgeX: 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 edgeX live order book, 2 min ago	1.64 bp	6.1 bp −$6	7.0 bp −$70	20.6 bp −$2,063	doesn't fit
Sell Lighter live order book, 6 min ago	0.33 bp	0.7 bp −$1	1.5 bp −$15	9.0 bp −$904	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 −0.0265% / S +0.0494%	1h	152.35	−0.057%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.46	+0.012%	$96.3M	$31.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.52	+0.051%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.176%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.43	−0.008%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.62	+0.117%	$8K	$919K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.48	+0.025%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0017%	8h	152.49	+0.032%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0024%	8h	152.49	+0.032%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.37	−0.049%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.39	−0.034%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.35	−0.060%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.44	−0.001%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.42	−0.014%	$493K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.45	+0.005%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.48	+0.025%	$531K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.22	−0.145%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.46	+0.012%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.49	+0.033%	$101	—	5x	as long as short
Lighter SPCXshort	+0.0088%	1h	152.43	−0.008%	$1.6M	$7.4M	20x
Pacifica SPCX	+0.0100%	1h	152.35	−0.060%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.33	−0.073%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.30	−0.093%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.49	+0.032%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.47	+0.017%	$88	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0123%	1h	152.36	−0.054%	$131.4M	$128.2M	20x	as long as short
Variational Omni SPCX	+0.0131%	8h	152.45	+0.004%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0144%	8h	152.50	+0.038%	$250.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.46	+0.010%	$737K	$4.3M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0147%	8h	152.50	+0.038%	$39.4M	$166.4M	75x	as long as short
Nado SPCX-PERP	+0.0207%	1h	152.34	−0.066%	$613K	$802K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0209%	1h	152.46	+0.012%	$86K	$1.2M	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.50	+0.041%	$408K	$517K	20x	as long as short
Bullet SPCX-USD	+0.0217%	1h	152.49	+0.032%	$11K	$192K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.001%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.37	−0.047%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0433%	8h	152.57	+0.084%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.491%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDClong	+0.0459%	4h	152.44	long leg	$1.7M	$892K	20x