Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h −0.019%

Price spread now: Lighter RH against Variational Omni−0.055%7-day average −0.058% · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 7 days−0.046%−$5 · spread now −0.055%, 7d avg −0.058%

Together, before fees−0.038%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.058%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPCX	152.75	0.0005	pay 0.0005% / 8h	5h 02m	$5.9M	$2.7M	—
Short	Lighter RH SPCX	152.67	0.0032	get 0.0004% / 1h	2m 51s	$2.5M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee Lighter RHbpOrdersPrice spread, now −0.055%Rate

Funding earned: $5.59
Price spread: −0.055% → −0.058%: $0.23
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $5.82
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Lighter RH: 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 Variational Omni RFQ quote, 4 min ago	2.32 bp	doesn't fit	2.9 bp −$29	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.31 bp	1.9 bp −$2	3.2 bp −$32	31.8 bp −$3,185	doesn't fit

SPCX on 38 exchanges

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	152.69	−0.039%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0076%	8h	152.76	+0.004%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.76	+0.004%	$30.1M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.73	−0.016%	$96.3M	$33.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.80	+0.030%	$31.1M	$66.7M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.72	−0.023%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.92	+0.108%	$8K	$814K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.68	−0.049%	$43K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.83	+0.049%	$1.3M	$1.7M	75x	as long as short
Variational Omni SPCXlong	+0.0005%	8h	152.75	long leg	$5.9M	$2.7M	—

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0020%	1h	152.69	−0.041%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0030%	1h	152.72	−0.023%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.70	−0.036%	$1.6M	$7.5M	20x	as long as short
Lighter RH SPCXshort	+0.0032%	1h	152.67	−0.055%	$2.5M	$7.3M	20x
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.017%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.68	−0.049%	$103K	$292K	5x	as long as short
Binance SPCXUSDT	+0.0044%	8h	152.75	0.000%	$252.0M	$1.38B	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.73	−0.016%	—	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0048%	1h	152.71	−0.026%	$701K	$5.3M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.68	−0.049%	$128.3M	$129.7M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.72	−0.023%	$1.7M	$56K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.73	−0.016%	$533K	$376K	50x	as long as short
Paradex SPCX-USD-PERP	+0.0050%	8h	152.74	−0.012%	$101	—	5x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.65	−0.068%	$3.1M	$2.1M	10x	as long as short
RISEx SPCX/USDC	+0.0051%	1h	152.78	+0.020%	$351K	$484K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0079%	8h	152.77	+0.010%	$39.8M	$168.3M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0088%	1h	152.77	+0.010%	$487K	$1.1M	10x	as long as short
Bullet SPCX-USD	+0.0099%	1h	152.77	+0.010%	$11K	$190K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.65	−0.068%	$169K	$114K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.62	−0.088%	$13.0M	$6.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.80	+0.030%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.75	−0.003%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.71	−0.028%	$89	—	10x	as long as short
Nado SPCX-PERP	+0.0114%	1h	152.70	−0.039%	$633K	$804K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0136%	1h	152.70	−0.036%	$735K	$1.1M	10x	as long as short
Phoenix SPCX	+0.0209%	1h	152.76	+0.004%	$450K	$271K	15x	as long as short
Aster SPCXUSD1	+0.0410%	8h	152.90	+0.095%	$19.0M	$30.6M	20x	as long as short
edgeX SPCXUSDC	+0.0665%	4h	152.75	−0.005%	$1.7M	$890K	20x	as long as short