Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h +0.022%

Price spread now: Nado against KuCoin−0.009%7-day average +0.037% · 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−$45as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$3 on $10k

Price spread, last 7 days+0.090%+$9 · spread now −0.009%, 7d avg +0.037%

Together, before fees+0.115%+ Points / potential airdropNado: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.046% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.009% now, against its 7-day average of +0.037%). If the spread goes back, that is −$5 on $10k: about 23 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.025% in total) that is about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPCXUSDTM	152.28	0.0100	pay 0.0100% / 8h	1h 20m	$13.0M	$5.5M	20x
Short	Nado SPCX-PERP	152.27	0.0261	get 0.0033% / 1h	20m 16s	$626K	$808K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now −0.009%Rate

Funding earned: $33.82
Price spread: −0.009% → +0.037%: −$4.59
Slippage, 4 orders: −$21.35
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$11.12
Costs to cover: 0.403%
Break-even: 9.3 days

Slippage from KuCoin: live order book, 8 min ago; Nado: live order book, 23 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 KuCoin live order book, 8 min ago	0.99 bp	12.7 bp −$13	42.7 bp −$427	doesn't fit	doesn't fit
Sell Nado live order book, 23 min ago	0.33 bp	8.0 bp −$8	23.1 bp −$231	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 −0.0187% / S +0.0435%	1h	152.34	+0.036%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.39	+0.072%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.38	+0.066%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.44	+0.105%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.294%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	+0.066%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.282%	$8K	$896K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.47	+0.125%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0008%	8h	152.44	+0.105%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.34	+0.040%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.30	+0.013%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.41	+0.085%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.35	+0.046%	$103K	$300K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.36	+0.053%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	+0.059%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.39	+0.072%	$530K	$379K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.31	+0.020%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.44	+0.108%	$393K	$505K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.33	+0.033%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTMlong	+0.0100%	8h	152.28	long leg	$13.0M	$5.5M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	+0.059%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.41	+0.085%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.39	+0.075%	$88	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0111%	1h	152.29	+0.007%	$130.0M	$129.1M	20x	as long as short
Variational Omni SPCX	+0.0112%	8h	152.42	+0.091%	$5.9M	$2.8M	—	as long as short
Paradex SPCX-USD-PERP	+0.0119%	8h	152.44	+0.108%	$101	—	5x	as long as short
Extended SPCX-USD	+0.0128%	1h	152.36	+0.055%	$733K	$3.5M	10x	as long as short
Binance SPCXUSDT	+0.0129%	8h	152.39	+0.072%	$251.7M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0138%	8h	152.41	+0.085%	$39.5M	$166.7M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0139%	1h	152.40	+0.079%	$487K	$1.2M	10x	as long as short
Lighter SPCX	+0.0144%	1h	152.32	+0.026%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	+0.053%	$732K	$938K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.44	+0.105%	$443K	$266K	15x	as long as short
Nado SPCX-PERPshort	+0.0261%	1h	152.27	−0.009%	$626K	$808K	20x
Bullet SPCX-USD	+0.0296%	1h	152.41	+0.086%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0396%	8h	152.53	+0.164%	$18.9M	$29.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.348%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0604%	1h	152.35	+0.046%	$89K	$1.3M	10x	as long as short
edgeX SPCXUSDC	+0.0608%	4h	152.42	+0.090%	$1.7M	$892K	20x	as long as short