Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0590%/8h= −64.6% APRpaid last 24h +0.025%

Price spread now: Nado against edgeX−0.033%62s7-day average +0.017% · 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—prices read too far apart to compare

costs, in and out, $10k−$250.252% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.343%−$34 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.033%, 7d avg +0.017%

Together, before fees−0.306%+ Points / potential airdropedgeX: Active · Nado: Active · farm board−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Nado is 0.049% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.017%). Swap the legs. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	152.93	0.0823	pay 0.0412% / 4h	3h 32m	$1.7M	$893K	20x
Short	Nado SPCX-PERP	152.88	0.0233	get 0.0029% / 1h	32m 34s	$603K	$851K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against edgeX. 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 edgeXbpFee NadobpOrdersPrice spread, now −0.033%Rate

Funding earned: −$123.97
Price spread: −0.033% → +0.017%: −$4.94
Slippage, 4 orders: −$9.2
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$154.12
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Nado: live order book, 41 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 edgeX live order book, 1 min ago	1.63 bp	6.1 bp −$6	7.2 bp −$72	20.0 bp −$2,000	doesn't fit
Sell Nado live order book, 41 min ago	0.33 bp	6.9 bp −$7	14.8 bp −$148	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 −0.0310% / S +0.0515%	1h	152.93	−0.004%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.96	+0.019%	$96.4M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.807%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.82	−0.073%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.26	+0.215%	$8K	$958K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.93	−0.001%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.92	−0.009%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	−0.001%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.824%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	+0.025%	—	$1.2M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0048%	1h	152.94	+0.006%	$1.6M	$7.4M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.93	−0.001%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.95	+0.012%	$534K	$414K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.84	−0.060%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	152.95	+0.012%	$1.2M	$7.4M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0064%	1h	152.97	+0.025%	$489K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0099%	8h	153.00	+0.045%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.88	−0.033%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.90	−0.020%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	−0.053%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.99	+0.039%	$15K	$7K	10x	as long as short
BloFin SPCX-USDT	+0.0103%	8h	152.94	+0.006%	$1.9M	$1.4M	75x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.94	+0.006%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0175%	8h	153.02	+0.058%	$30.8M	$42.7M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	152.89	−0.027%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0206%	8h	153.01	+0.052%	$39.2M	$168.9M	75x	as long as short
Variational Omni SPCX	+0.0207%	8h	152.92	−0.006%	$6.0M	$3.5M	—	as long as short
Binance SPCXUSDT	+0.0223%	8h	153.00	+0.045%	$253.0M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.98	+0.030%	$732K	$3.9M	10x	as long as short
Nado SPCX-PERPshort	+0.0233%	1h	152.88	−0.033%	$603K	$851K	20x
Bullet SPCX-USD	+0.0251%	1h	152.95	+0.012%	$11K	$188K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0252%	1h	152.98	+0.032%	$143.1M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	152.93	−0.001%	$445K	$271K	15x	as long as short
Bitget SPCXUSDT	+0.0320%	8h	153.01	+0.052%	$31.2M	$66.3M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	152.96	+0.019%	$733K	$981K	10x	as long as short
Aster SPCXUSD1	+0.0346%	8h	153.06	+0.086%	$19.0M	$18.3M	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0404%	1h	152.92	−0.007%	$71K	$1.1M	10x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.03	+0.061%	$401K	$535K	20x	as long as short
edgeX SPCXUSDClong	+0.0823%	4h	152.93	long leg	$1.7M	$893K	20x