Funding you earn now, next payment 02:00 UTC−0.0193%/8h= −21.2% APRnext payment −$0.24 per $10,000 · paid last 24h −0.014%
Price spread now: Arcus against Nado+0.036%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$370.371% of the position
Funding, last 3 days (all we have)−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.036%, 7d avg −0.042%
=Together, before fees−0.177%+ Points / potential airdropNado: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.078% dearer against Nado than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.042%): +$8 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 3 days (−0.013% in total) that is about 20 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.013% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SPCX-PERP | 152.87 | 0.0234 | pay 0.0029% / 1h | 0m 37s | $622K | $835K | 20x |
| Short | Arcus SPCX-USD | 152.92 | 0.0040 | get 0.0005% / 1h | 0m 37s | $105K | $297K | 5x |
Nado SPCX-PERP
Arcus SPCX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$40.61
- Price spread: +0.036% → −0.042%
- $7.77
- Slippage, 4 orders
- −$25.55
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$69.89
- Costs to cover
- 0.371%
- Break-even
- never at this rate
Slippage from Nado: live order book, 3 min ago; Arcus: live order book, 3 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 Nado live order book, 3 min ago | 0.33 bp | 7.5 bp −$7 | 49.3 bp −$493 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 3 min ago | 6.54 bp | 9.3 bp −$9 | 12.4 bp −$124 | doesn't fit | doesn't fit |
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] | L −0.0333% / S +0.0531% | 1h | 152.99 | +0.078% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.95 | +0.055% | $96.0M | $31.4M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.52 | +12.860% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.92 | +0.036% | $302K | $3.0M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.25 | +0.252% | $8K | $941K | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | 0.0000% | 1h | 152.90 | +0.023% | $72K | $1.1M | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 153.03 | +0.108% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0024% | 1h | 152.94 | +0.050% | $7K | $8K | 10x | as long as short |
| Lighter SPCX | +0.0032% | 1h | 152.91 | +0.029% | $1.6M | $7.2M | 20x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.90 | +0.023% | $2.5M | $7.3M | 20x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
Deribit SPCX_USDC-PERPETUAL
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Lighter SPCX
Lighter RH SPCXShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SPCX/USDC PERP | +0.0033% | 1h | 153.35 | +0.317% | $9K | $27K | 5.5x | as long as short |
| Arcus SPCX-USDshort | +0.0040% | 1h | 152.92 | +0.036% | $105K | $297K | 5x | |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.96 | +0.062% | — | $1.2M | 10x | as long as short |
| QFEX SPCX-USD | +0.0049% | 1h | 152.93 | +0.042% | $1.2M | $6.7M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.95 | +0.055% | $499K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.98 | +0.075% | $1.7M | $91K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.96 | +0.062% | $534K | $405K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.82 | −0.030% | $3.2M | $2.5M | 10x | as long as short |
| Bybit SPCXUSDT | +0.0057% | 8h | 152.97 | +0.068% | $30.8M | $42.9M | 100x | as long as short |
| Bitget SPCXUSDT | +0.0078% | 8h | 153.03 | +0.108% | $31.7M | $66.1M | 75x | as long as short |
| Paradex SPCX-USD-PERP | +0.0080% | 8h | 152.96 | +0.063% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.87 | +0.003% | $169K | $133K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.89 | +0.016% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.93 | +0.042% | $58K | $272K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.99 | +0.081% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.97 | +0.071% | $89 | — | 10x | as long as short |
| edgeX SPCXUSDC | +0.0136% | 4h | 152.98 | +0.076% | $1.7M | $893K | 20x | as long as short |
| Bullet SPCX-USD | +0.0167% | 1h | 153.00 | +0.085% | $11K | $189K | 10x | as long as short |
| tradeXYZ xyz:SPCX | +0.0183% | 1h | 152.94 | +0.049% | $142.2M | $119.2M | 20x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0188% | 8h | 152.98 | +0.075% | $39.4M | $168.1M | 75x | as long as short |
| Variational Omni SPCX | +0.0196% | 8h | 152.97 | +0.067% | $6.0M | $3.1M | — | as long as short |
| Extended SPCX-USD | +0.0208% | 1h | 152.92 | +0.034% | $736K | $3.8M | 10x | as long as short |
| Binance SPCXUSDT | +0.0209% | 8h | 152.96 | +0.061% | $252.5M | $1.37B | 75x | as long as short |
| Nado SPCX-PERPlong | +0.0234% | 1h | 152.87 | long leg | $622K | $835K | 20x | |
| Coinbase International SPCX-PERP-INTX | +0.0288% | 1h | 152.97 | +0.068% | $738K | $972K | 10x | as long as short |
| Phoenix SPCX | +0.0314% | 1h | 152.99 | +0.081% | $445K | $270K | 15x | as long as short |
| RISEx SPCX/USDC | +0.0410% | 1h | 152.98 | +0.077% | $408K | $549K | 20x | as long as short |
| Aster SPCXUSD1 | +0.0410% | 8h | 153.05 | +0.119% | $19.0M | $15.3M | 20x | as long as short |
Injective SPCX/USDC PERP
Vest SPCX-USD-PERP
QFEX SPCX-USD
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
Bybit SPCXUSDT
Bitget SPCXUSDT
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
edgeX SPCXUSDC
Bullet SPCX-USD
tradeXYZ xyz:SPCX
OKX SPCX-USDT-SWAP
Variational Omni SPCX
Extended SPCX-USD
Binance SPCXUSDT
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
RISEx SPCX/USDC
Aster SPCXUSD1