Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h −0.025%

Price spread now: BloFin against Lighter RH+0.072%751s7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$160.159% of the position

Long on Lighter RH Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.270%−$27 on $10k

Price spread, last 3 days (all we have)−0.092%−$9 · spread now +0.072%, 7d avg +0.042%

Together, before fees−0.361%+ Points / potential airdropLighter RH: Points live · farm board−$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.030% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.042%. Mind the row above: over the last 7 days funding on this pair cost −0.270%, so the current rate has only just turned in your favour. The two prices were read 751 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SPCX	152.92	0.0032	pay 0.0004% / 1h	36m 28s	$2.5M	$7.2M	20x
Short	BloFin SPCX-USDT	153.03	0.0116	get 0.0116% / 8h	6h 36m	$1.9M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter RH. 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 Lighter RHbpFee BloFinbpOrdersPrice spread, now +0.072%Rate

Funding earned: $17.58
Price spread: +0.072% → +0.042%: $2.99
Slippage, 4 orders: −$3.89
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $4.68
Costs to cover: 0.159%
Break-even: 5.1 days

Slippage from Lighter RH: live order book, 2 min ago; BloFin: live order book, 16 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 Lighter RH live order book, 2 min ago	1.31 bp	1.7 bp −$2	3.5 bp −$35	28.8 bp −$2,883	doesn't fit
Sell BloFin live order book, 16 min ago	0.33 bp	6.3 bp −$6	7.4 bp −$74	8.9 bp −$892	15.0 bp −$7,478

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 −0.0346% / S +0.0541%	1h	152.96	+0.023%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.98	+0.039%	$96.1M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.819%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	−0.026%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.20	+0.183%	$8K	$948K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.02	+0.065%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.93	+0.007%	$72K	$1.1M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	+0.018%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.94	+0.013%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCXlong	+0.0032%	1h	152.92	long leg	$2.5M	$7.2M	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.262%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.91	−0.007%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.99	+0.046%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.97	+0.033%	$1.2M	$6.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.95	+0.020%	$501K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.96	+0.026%	$1.7M	$89K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.96	+0.026%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.80	−0.078%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDT	+0.0056%	8h	153.01	+0.059%	$30.9M	$42.9M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0078%	8h	152.99	+0.045%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	−0.007%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.90	−0.013%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.046%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	+0.059%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	+0.026%	$89	—	10x	as long as short
BloFin SPCX-USDTshort	+0.0116%	8h	153.03	+0.072%	$1.9M	$1.4M	75x
Bullet SPCX-USD	+0.0123%	1h	153.01	+0.059%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0139%	1h	152.95	+0.020%	$142.3M	$119.1M	20x	as long as short
Bitget SPCXUSDT	+0.0183%	8h	153.04	+0.078%	$31.8M	$66.3M	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0192%	8h	153.01	+0.059%	$39.4M	$168.9M	75x	as long as short
Variational Omni SPCX	+0.0211%	8h	152.99	+0.047%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0220%	8h	153.02	+0.063%	$252.8M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.97	+0.030%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERP	+0.0240%	1h	152.91	−0.008%	$620K	$840K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.144%	$728K	$969K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.98	+0.039%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0389%	8h	153.07	+0.096%	$19.0M	$16.3M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.02	+0.065%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0965%	4h	152.93	+0.008%	$1.7M	$893K	20x	as long as short