Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.039%

Price spread now: Nado against Aster−0.109%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.064%+$6 on $10k

Price spread, last 7 days+0.095%+$10 · spread now −0.109%, 7d avg −0.024%

Together, before fees+0.160%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.085% cheaper against Aster than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.024%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPCXUSD1	153.04	0.0281	pay 0.0281% / 8h	49m 05s	$19.0M	$21.3M	20x
Short	Nado SPCX-PERP	152.87	0.0257	get 0.0032% / 1h	49m 05s	$603K	$882K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now −0.109%Rate

Funding earned: −$4.99
Price spread: −0.109% → −0.024%: −$8.52
Slippage, 4 orders: −$8.83
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$37.35
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Nado: live order book, 29 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 Aster live order book, 5 min ago	0.33 bp	5.4 bp −$5	7.2 bp −$72	doesn't fit	doesn't fit
Sell Nado live order book, 29 min ago	0.33 bp	7.7 bp −$8	24.2 bp −$242	doesn't fit	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 −0.0272% / S +0.0488%	1h	152.97	−0.042%	$89K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.94	−0.065%	$96.6M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.725%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.92	−0.078%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.23	+0.124%	$8K	$973K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.97	−0.046%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	153.03	−0.006%	$8K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.93	−0.072%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.90	−0.091%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.751%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.92	−0.078%	$106K	$296K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.96	−0.052%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	−0.065%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.97	−0.046%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.96	−0.052%	$538K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.87	−0.111%	$3.2M	$2.7M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.95	−0.059%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0081%	8h	152.97	−0.044%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0085%	8h	153.09	+0.033%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0085%	1h	152.97	−0.045%	$11K	$188K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.89	−0.098%	$173K	$132K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.86	−0.118%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.072%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.99	−0.033%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.00	−0.027%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0144%	8h	152.98	−0.039%	$30.7M	$42.7M	100x	as long as short
Variational Omni SPCX	+0.0188%	8h	153.00	−0.029%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0194%	8h	152.97	−0.046%	$39.0M	$169.4M	75x	as long as short
Binance SPCXUSDT	+0.0205%	8h	152.97	−0.046%	$253.9M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.93	−0.070%	$734K	$3.6M	10x	as long as short
Nado SPCX-PERPshort	+0.0257%	1h	152.87	−0.109%	$603K	$882K	20x
Phoenix SPCX	+0.0261%	1h	153.01	−0.020%	$446K	$269K	15x	as long as short
tradeXYZ xyz:SPCX	+0.0278%	1h	152.95	−0.059%	$143.7M	$118.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	−0.046%	$733K	$970K	10x	as long as short
Aster SPCXUSD1long	+0.0281%	8h	153.04	long leg	$19.0M	$21.3M	20x
Bitget SPCXUSDT	+0.0311%	8h	152.96	−0.052%	$31.2M	$67.2M	75x	as long as short
edgeX SPCXUSDC	+0.0319%	4h	153.00	−0.026%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	153.06	+0.013%	$403K	$538K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0404%	1h	152.97	−0.046%	$71K	$1.0M	10x	as long as short