Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: HTX against Lighter RH+0.085%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

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

costs, in and out, $10k−$220.219% of the position

Long on Lighter RH Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.085%, 7d avg +0.038%

Together, before fees−0.273%+ Points / potential airdropLighter RH: Points live · farm board−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.047% dearer against Lighter RH than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.038%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SPCX	153.00	0.0032	pay 0.0004% / 1h	11m 36s	$2.5M	$7.3M	20x
Short	HTX SPCX-USDT	153.13	0	get 0.0000% / 8h	4h 11m	$1.3M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$6.72
Price spread: +0.085% → +0.038%: $4.69
Slippage, 4 orders: −$9.91
Fee Lighter RH: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$23.95
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; HTX: live order book, 2 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	1.8 bp −$2	3.1 bp −$31	27.6 bp −$2,765	doesn't fit
Sell HTX live order book, 2 min ago	0.33 bp	9.2 bp −$9	11.8 bp −$118	16.8 bp −$1,679	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 −0.0253% / S +0.0486%	1h	153.04	+0.029%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.11	+0.072%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.08	+0.052%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.13	+0.085%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.765%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.99	−0.007%	$302K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.37	+0.242%	$7K	$940K	10x	as long as short
HTX SPCX-USDTshort	0.0000%	8h	153.13	+0.085%	$1.3M	$1.7M	75x
Aftermath Perps SPCXUSD	+0.0022%	1h	153.04	+0.024%	$8K	$8K	10x	as long as short
BloFin SPCX-USDT	+0.0024%	8h	153.11	+0.072%	$1.9M	$1.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	153.03	+0.020%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCXlong	+0.0032%	1h	153.00	long leg	$2.5M	$7.3M	20x
Arcus SPCX-USD	+0.0040%	1h	153.01	+0.007%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.07	+0.046%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.06	+0.039%	$1.2M	$6.0M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.04	+0.026%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.06	+0.039%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.10	+0.065%	$533K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.96	−0.026%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	153.11	+0.070%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.98	−0.013%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.01	+0.007%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	+0.007%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	+0.065%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.09	+0.058%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0109%	1h	153.05	+0.033%	$141.4M	$119.0M	20x	as long as short
Bullet SPCX-USD	+0.0116%	1h	153.11	+0.072%	$11K	$191K	10x	as long as short
Variational Omni SPCX	+0.0130%	8h	153.08	+0.051%	$6.0M	$3.0M	—	as long as short
Nado SPCX-PERP	+0.0135%	1h	153.01	+0.008%	$617K	$818K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	153.05	+0.033%	$78K	$1.2M	10x	as long as short
Binance SPCXUSDT	+0.0143%	8h	153.09	+0.058%	$248.3M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	153.05	+0.031%	$734K	$3.8M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0146%	8h	153.12	+0.078%	$39.5M	$166.7M	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.12	+0.077%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.10	+0.065%	$738K	$926K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.09	+0.059%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0406%	8h	153.18	+0.115%	$18.9M	$21.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.50	+0.327%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0733%	4h	153.08	+0.051%	$1.7M	$894K	20x	as long as short