SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0291%/8h= +31.8% APRnext payment +$0.36 per $10,000 · paid last 24h +0.126%

Price spread now: Nado against GMX−0.034%52s7-day average — · you buy dearer than you sell

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

Long on GMX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.034% cheaper against GMX than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$9 a day). The two prices were read 52 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	GMX SPCX/USD [ETH-USDC]	151.96	L −0.0187% / S +0.0435%	get 0.0023% / 1h	28m 46s	$90K	—	20x
Short	Nado SPCX-PERP	151.90	0.0104	get 0.0013% / 1h	28m 46s	$634K	$813K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against GMX. 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 GMXbpFee NadobpOrdersPrice spread, now −0.034%Rate

Funding earned: $61.05
Price spread: −0.034% → 0.000%: −$3.37
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $38.67
Costs to cover: 0.190%
Break-even: 2.6 days

Slippage unknown: GMX: no order-book sample; Nado: 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 GMX no order-book sample	—	—	—	—	—
Sell Nado live order book, 4 min ago	0.33 bp	8.8 bp −$9	19.4 bp −$194	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SPCX on 38 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]long	L −0.0187% / S +0.0435%	1h	151.96	long leg	$90K	—	20x
BloFin SPCX-USDT	−0.0020%	8h	152.05	+0.063%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.02	+0.043%	$30.4M	$43.1M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.00	+0.030%	$96.1M	$32.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.04	+0.056%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.07	+0.076%	$299K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.56	+0.398%	$8K	$850K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.14	+0.122%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0021%	1h	151.98	+0.017%	$7K	$7K	10x	as long as short
Lighter SPCX	+0.0032%	1h	151.96	+0.003%	$1.6M	$7.4M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	151.92	−0.023%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	151.99	+0.023%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	151.94	−0.010%	$102K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.04	+0.056%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	151.94	−0.010%	$129.4M	$129.6M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	151.83	−0.082%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.01	+0.036%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.04	+0.056%	$529K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	151.89	−0.043%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0061%	8h	152.03	+0.051%	$100	—	5x	as long as short
Variational Omni SPCX	+0.0081%	8h	152.06	+0.069%	$5.9M	$2.8M	—	as long as short
Extended SPCX-USD	+0.0096%	1h	152.00	+0.030%	$725K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0099%	8h	152.01	+0.036%	$253.2M	$1.37B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	151.95	−0.003%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	151.94	−0.010%	$12.9M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	151.97	+0.010%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.05	+0.063%	$14K	$7K	10x	as long as short
Nado SPCX-PERPshort	+0.0104%	1h	151.90	−0.034%	$634K	$813K	20x
Aevo SPCX-PERP	+0.0104%	1h	152.02	+0.044%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0115%	8h	152.05	+0.063%	$39.3M	$167.4M	75x	as long as short
Bullet SPCX-USD	+0.0122%	1h	152.05	+0.062%	$10K	$192K	10x	as long as short
edgeX SPCXUSDC	+0.0156%	4h	152.05	+0.062%	$1.7M	$891K	20x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.06	+0.069%	$380K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.17	+0.141%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.01	+0.036%	$694K	$997K	10x	as long as short
Aster SPCXUSD1	+0.0381%	8h	152.16	+0.133%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.51	+0.365%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0540%	1h	152.01	+0.036%	$85K	$1.4M	10x	as long as short