Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.012%

Price spread now: Lighter against SunX−0.268%7-day average −0.078% · you buy dearer than you sell

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

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)+0.213%+$21 · spread now −0.268%, 7d avg −0.078%

Together, before fees+0.294%+ Points / potential airdropLighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.191% cheaper against SunX than usual: you would sell low and buy high (spread −0.268% now, against its 7-day average of −0.078%). If the spread goes back, that is −$19 on $10k: about 4.2 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.081% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPCX-USDT	152.71	0	get 0.0000% / 8h	1h 14m	$8K	$896K	10x
Short	Lighter SPCX	152.30	0.0152	get 0.0019% / 1h	14m 24s	$1.6M	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now −0.268%Rate

Funding earned: $31.92
Price spread: −0.268% → −0.078%: −$19.06
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.86
Costs to cover: 0.080%
Break-even: 5.9 days

Slippage unknown: SunX: live order book, 48 min ago; Lighter: live order book, 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 SunX live order book, 48 min ago	21.92 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.66 bp	0.7 bp −$1	2.0 bp −$20	8.8 bp −$884	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 −0.0187% / S +0.0435%	1h	152.28	−0.278%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.34	−0.242%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.38	−0.216%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.977%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.216%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	152.71	long leg	$8K	$896K	10x
HTX SPCX-USDT	0.0000%	8h	152.44	−0.177%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0007%	8h	152.34	−0.242%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0017%	8h	152.40	−0.203%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.30	−0.270%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.28	−0.282%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.34	−0.242%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.30	−0.268%	$103K	$300K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.28	−0.282%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.32	−0.255%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.36	−0.229%	$530K	$378K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.23	−0.314%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.41	−0.200%	$392K	$505K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.29	−0.275%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.24	−0.308%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.29	−0.275%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.38	−0.216%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.36	−0.232%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0122%	8h	152.35	−0.237%	$5.9M	$2.8M	—	as long as short
tradeXYZ xyz:SPCX	+0.0122%	1h	152.28	−0.282%	$130.0M	$129.1M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0131%	8h	152.37	−0.222%	$101	—	5x	as long as short
Extended SPCX-USD	+0.0136%	1h	152.31	−0.260%	$724K	$3.6M	10x	as long as short
Binance SPCXUSDT	+0.0138%	8h	152.36	−0.231%	$251.9M	$1.36B	75x	as long as short
Polymarket Perps SPCX-USD	+0.0144%	1h	152.33	−0.249%	$487K	$1.2M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0146%	8h	152.38	−0.216%	$39.5M	$166.6M	75x	as long as short
Lighter SPCXshort	+0.0152%	1h	152.30	−0.268%	$1.6M	$7.4M	20x
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.229%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.39	−0.210%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0268%	1h	152.21	−0.324%	$626K	$805K	20x	as long as short
edgeX SPCXUSDC	+0.0297%	4h	152.39	−0.212%	$1.7M	$893K	20x	as long as short
Bullet SPCX-USD	+0.0304%	1h	152.36	−0.228%	$11K	$191K	10x	as long as short
Aster SPCXUSD1	+0.0402%	8h	152.47	−0.158%	$18.9M	$29.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.065%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0604%	1h	152.31	−0.262%	$89K	$1.3M	10x	as long as short