Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0160%/8h= +17.6% APRpaid last 24h +0.060%

Price spread now: Nado against BloFin−0.070%7-day average −0.029% · 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−$33as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.173%+$17 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.070%, 7d avg −0.029%

Together, before fees+0.226%+ Points / potential airdropNado: Active · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.041% cheaper against BloFin than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of −0.029%). If the spread goes back, that is −$4 on $10k: about 21 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPCX-USDT	153.06	0.0061	pay 0.0061% / 8h	5h 06m	$1.9M	$1.4M	75x
Short	Nado SPCX-PERP	152.95	0.0222	get 0.0028% / 1h	6m 08s	$617K	$826K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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 BloFinbpFee NadobpOrdersPrice spread, now −0.070%Rate

Funding earned: $33.69
Price spread: −0.070% → −0.029%: −$4.13
Slippage, 4 orders: −$10.35
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $0.2
Costs to cover: 0.294%
Break-even: 7.0 days

Slippage from BloFin: live order book, 2 min ago; Nado: live order book, 57 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 BloFin live order book, 2 min ago	0.33 bp	6.3 bp −$6	6.8 bp −$68	8.0 bp −$797	12.2 bp −$6,102
Sell Nado live order book, 57 min ago	0.33 bp	9.2 bp −$9	25.8 bp −$258	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 −0.0333% / S +0.0531%	1h	152.99	−0.049%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.01	−0.033%	$96.2M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.06	0.000%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.717%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.96	−0.065%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.24	+0.118%	$8K	$936K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.05	−0.007%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0023%	8h	153.04	−0.013%	$30.8M	$42.9M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.99	−0.046%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.95	−0.072%	$2.5M	$7.2M	20x	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	152.97	−0.059%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.02	−0.026%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.02	−0.026%	$1.2M	$6.4M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.99	−0.046%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.00	−0.039%	$1.7M	$94K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	−0.039%	$532K	$400K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.88	−0.118%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDTlong	+0.0061%	8h	153.06	long leg	$1.9M	$1.4M	75x
Lighter SPCX	+0.0064%	1h	153.00	−0.039%	$1.6M	$7.2M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0076%	8h	153.05	−0.004%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.95	−0.072%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.94	−0.078%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.95	−0.072%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	−0.020%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.03	−0.018%	$89	—	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0142%	1h	152.99	−0.046%	$73K	$1.2M	10x	as long as short
Variational Omni SPCX	+0.0167%	8h	153.01	−0.036%	$6.0M	$3.1M	—	as long as short
Bullet SPCX-USD	+0.0171%	1h	153.04	−0.013%	$11K	$191K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0173%	8h	153.04	−0.013%	$39.5M	$167.1M	75x	as long as short
Binance SPCXUSDT	+0.0181%	8h	153.03	−0.020%	$252.5M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	153.00	−0.039%	$734K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0189%	1h	152.99	−0.046%	$142.0M	$118.9M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.08	+0.016%	$410K	$532K	20x	as long as short
Nado SPCX-PERPshort	+0.0222%	1h	152.95	−0.070%	$617K	$826K	20x
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.013%	$738K	$979K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.04	−0.013%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0415%	8h	153.12	+0.039%	$19.0M	$17.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.144%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0642%	4h	153.03	−0.019%	$1.7M	$892K	20x	as long as short