Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0160%/8h= +17.6% APRpaid last 24h +0.007%

Price spread now: Variational Omni against Lighter+0.057%7-day average +0.042% · you sell dearer than you buy

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.016%−$2 on $10k

Price spread, last 7 days−0.035%−$4 · spread now +0.057%, 7d avg +0.042%

Together, before fees−0.051%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPCX	152.98	0.0048	pay 0.0006% / 1h	15m 15s	$1.6M	$7.2M	20x
Short	Variational Omni SPCX	153.07	0.0208	get 0.0208% / 8h	6h 15m	$6.0M	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. 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 LighterbpFee Variational OmnibpOrdersPrice spread, now +0.057%Rate

Funding earned: $33.66
Price spread: +0.057% → +0.042%: $1.49
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $35.15
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 3 min ago; Variational Omni: RFQ quote, 4 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 Lighter live order book, 3 min ago	0.33 bp	0.4 bp $0	2.1 bp −$21	6.1 bp −$612	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.35 bp	doesn't fit	2.7 bp −$27	doesn't fit	doesn't fit

SPCX on 38 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 −0.0347% / S +0.0542%	1h	153.00	+0.010%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.01	+0.020%	$96.0M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.776%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.97	−0.007%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.33	+0.229%	$8K	$944K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.12	+0.092%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.99	+0.008%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.96	−0.013%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.222%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.02	+0.026%	$105K	$297K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	153.01	+0.020%	—	$1.2M	10x	as long as short
Lighter SPCXlong	+0.0048%	1h	152.98	long leg	$1.6M	$7.2M	20x
QFEX SPCX-USD	+0.0049%	1h	153.02	+0.026%	$1.2M	$6.7M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.99	+0.007%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.00	+0.013%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.02	+0.026%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.94	−0.026%	$3.2M	$2.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0091%	8h	153.07	+0.058%	$101	—	5x	as long as short
Bybit SPCXUSDT	+0.0095%	8h	153.05	+0.046%	$30.8M	$42.9M	100x	as long as short
Pacifica SPCX	+0.0100%	1h	152.97	−0.007%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	−0.013%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	+0.092%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.06	+0.052%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.02	+0.028%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0115%	4h	153.07	+0.057%	$1.7M	$893K	20x	as long as short
Bitget SPCXUSDT	+0.0136%	8h	153.07	+0.059%	$31.9M	$66.1M	75x	as long as short
Bullet SPCX-USD	+0.0180%	1h	153.04	+0.039%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0187%	1h	152.99	+0.007%	$142.3M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0199%	8h	153.04	+0.039%	$39.4M	$168.7M	75x	as long as short
Variational Omni SPCXshort	+0.0208%	8h	153.07	+0.057%	$6.0M	$3.3M	—
Binance SPCXUSDT	+0.0223%	8h	153.04	+0.039%	$252.8M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.99	+0.008%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0247%	1h	152.94	−0.028%	$622K	$838K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	152.98	0.000%	$72K	$1.1M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	152.97	−0.007%	$738K	$973K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.09	+0.072%	$445K	$270K	15x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.08	+0.065%	$408K	$539K	20x	as long as short
Aster SPCXUSD1	+0.0413%	8h	153.14	+0.108%	$19.0M	$15.0M	20x	as long as short