Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.016%

Price spread now: Lighter against KuCoin0.000%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 7 days+0.025%+$3 · spread now 0.000%, 7d avg +0.009%

Together, before fees+0.114%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.089%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPCXUSDTM	152.69	0.0100	pay 0.0100% / 8h	6h 02m	$13.0M	$6.1M	20x
Short	Lighter SPCX	152.69	0.0032	get 0.0004% / 1h	2m 25s	$1.6M	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$14.28
Price spread: 0.000% → +0.009%: −$0.9
Slippage, 4 orders: −$16.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$44.04
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Lighter: live order book, 4 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 KuCoin live order book, 4 min ago	0.98 bp	12.2 bp −$12	36.5 bp −$365	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.65 bp	1.1 bp −$1	2.4 bp −$24	24.6 bp −$2,461	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	152.63	−0.043%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0058%	8h	152.79	+0.065%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.75	+0.039%	$30.3M	$43.4M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.71	+0.013%	$96.1M	$32.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.73	+0.026%	$31.0M	$67.0M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.72	+0.020%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.03	+0.223%	$8K	$823K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.66	−0.020%	$47K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.76	+0.046%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.72	+0.018%	$7K	$7K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SPCX	+0.0030%	8h	152.71	+0.013%	$5.9M	$2.7M	—	as long as short
QFEX SPCX-USD	+0.0031%	1h	152.64	−0.033%	$1.2M	$5.4M	10x	as long as short
Lighter SPCXshort	+0.0032%	1h	152.69	0.000%	$1.6M	$7.4M	20x
Lighter RH SPCX	+0.0032%	1h	152.67	−0.013%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.63	−0.039%	$103K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.72	+0.020%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.67	−0.013%	$128.8M	$129.6M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.74	+0.033%	$488K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.73	+0.026%	$1.7M	$102K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.75	+0.039%	$534K	$365K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.57	−0.079%	$3.1M	$2.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0051%	8h	152.71	+0.010%	$101	—	5x	as long as short
Binance SPCXUSDT	+0.0063%	8h	152.75	+0.038%	$252.2M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0064%	1h	152.66	−0.019%	$724K	$5.4M	10x	as long as short
RISEx SPCX/USDC	+0.0068%	1h	152.74	+0.033%	$351K	$518K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0091%	8h	152.76	+0.046%	$39.5M	$168.7M	75x	as long as short
Bullet SPCX-USD	+0.0094%	1h	152.76	+0.044%	$12K	$191K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.72	+0.020%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	152.69	long leg	$13.0M	$6.1M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.62	−0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.71	+0.013%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.65	−0.027%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0110%	1h	152.68	−0.008%	$632K	$806K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0184%	1h	152.69	0.000%	$688K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.69	0.000%	$448K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0391%	8h	152.90	+0.140%	$19.0M	$30.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	+0.059%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0730%	4h	152.71	+0.016%	$1.7M	$890K	20x	as long as short