Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: SunX against Lighter RH+0.216%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$630.634% of the position

Long on Lighter RH Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.148%−$15 · spread now +0.216%, 7d avg +0.088%

Together, before fees−0.215%+ Points / potential airdropLighter RH: Points live · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.128% dearer against Lighter RH than usual: you sell high and buy low (spread +0.216% now, against its 7-day average of +0.088%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SPCX	152.90	0.0032	pay 0.0004% / 1h	48m 21s	$2.5M	$7.2M	20x
Short	SunX SPCX-USDT	153.23	0	get 0.0000% / 8h	5h 48m	$8K	$941K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.216%Rate

Funding earned: −$6.72
Price spread: +0.216% → +0.088%: $12.76
Slippage, 4 orders: −$55.35
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$57.31
Costs to cover: 0.634%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; SunX: live order book, 54 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, 5 min ago	1.31 bp	1.7 bp −$2	3.1 bp −$31	28.2 bp −$2,818	doesn't fit
Sell SunX live order book, 54 min ago	21.88 bp	34.1 bp −$34	doesn't fit	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 −0.0333% / S +0.0531%	1h	152.96	+0.036%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.95	+0.033%	$96.0M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.835%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	+0.007%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDTshort	0.0000%	8h	153.23	+0.216%	$8K	$941K	10x
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.90	0.000%	$72K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.00	+0.065%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	+0.031%	$7K	$8K	10x	as long as short
Lighter RH SPCXlong	+0.0032%	1h	152.90	long leg	$2.5M	$7.2M	20x
Bitget SPCXUSDT	+0.0039%	8h	153.00	+0.065%	$31.7M	$66.1M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.92	+0.013%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	+0.046%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.97	+0.046%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	+0.026%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.96	+0.039%	$1.7M	$92K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.97	+0.046%	$534K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.87	−0.020%	$3.2M	$2.5M	10x	as long as short
Bybit SPCXUSDT	+0.0059%	8h	152.97	+0.046%	$30.8M	$42.8M	100x	as long as short
Lighter SPCX	+0.0064%	1h	152.93	+0.020%	$1.6M	$7.2M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	152.98	+0.053%	$101	—	5x	as long as short
edgeX SPCXUSDC	+0.0086%	4h	152.97	+0.045%	$1.7M	$892K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.87	−0.020%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.91	+0.007%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.03	+0.085%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	+0.072%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.96	+0.040%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0171%	1h	152.99	+0.057%	$11K	$190K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0189%	8h	152.98	+0.052%	$39.4M	$167.9M	75x	as long as short
Variational Omni SPCX	+0.0193%	8h	152.98	+0.049%	$6.0M	$3.1M	—	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.00	+0.065%	$408K	$549K	20x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.94	+0.025%	$736K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0203%	8h	152.98	+0.050%	$252.6M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0224%	1h	152.95	+0.033%	$142.0M	$119.3M	20x	as long as short
Nado SPCX-PERP	+0.0227%	1h	152.89	−0.006%	$622K	$832K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	+0.072%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.99	+0.059%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.07	+0.110%	$19.0M	$15.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.249%	$9K	$27K	5.5x	as long as short