Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0054%/8h= +6.0% APRpaid last 24h −0.004%

Price spread now: Bitget against Nado+0.069%7-day average +0.021% · 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−$22as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 7 days−0.103%−$10 · spread now +0.069%, 7d avg +0.021%

Together, before fees−0.133%+ Points / potential airdropNado: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 0.048% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SPCX-PERP	153.08	0.0240	pay 0.0030% / 1h	8m 10s	$621K	$852K	20x
Short	Bitget SPCXUSDT	153.19	0.0294	get 0.0294% / 8h	7h 08m	$31.7M	$66.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Nado. 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 NadobpFee BitgetbpOrdersPrice spread, now +0.069%Rate

Funding earned: $11.43
Price spread: +0.069% → +0.021%: $4.83
Slippage, 4 orders: −$7.79
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$10.54
Costs to cover: 0.268%
Break-even: 13.5 days

Slippage from Nado: live order book, 65 min ago; Bitget: live order book, 1 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, 65 min ago	0.33 bp	6.0 bp −$6	22.7 bp −$227	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.65 bp	6.8 bp −$7	7.9 bp −$79	23.1 bp −$2,314	37.5 bp −$18.8K

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 −0.0326% / S +0.0526%	1h	153.10	+0.013%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.13	+0.030%	$96.4M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.695%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.03	−0.036%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.167%	$8K	$954K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	153.09	+0.004%	$72K	$1.1M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.14	+0.036%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	153.00	−0.058%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.08	−0.003%	$2.5M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.721%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0040%	1h	153.09	+0.004%	$1.6M	$7.4M	20x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.18	+0.062%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.10	+0.010%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.12	+0.023%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.13	+0.030%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.97	−0.075%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.08	−0.003%	$1.2M	$7.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0094%	8h	153.15	+0.042%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	153.04	−0.029%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.06	−0.016%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.049%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.13	+0.030%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.13	+0.027%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0124%	8h	153.13	+0.030%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDT	+0.0141%	8h	153.18	+0.062%	$30.9M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.04	−0.029%	$105K	$297K	5x	as long as short
tradeXYZ xyz:SPCX	+0.0211%	1h	153.11	+0.017%	$143.1M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0216%	8h	153.17	+0.056%	$39.3M	$169.1M	75x	as long as short
Bullet SPCX-USD	+0.0220%	1h	153.15	+0.042%	$11K	$189K	10x	as long as short
Variational Omni SPCX	+0.0229%	8h	153.08	−0.003%	$6.0M	$3.5M	—	as long as short
Nado SPCX-PERPlong	+0.0240%	1h	153.08	long leg	$621K	$852K	20x
Extended SPCX-USD	+0.0240%	1h	153.11	+0.014%	$734K	$3.9M	10x	as long as short
Binance SPCXUSDT	+0.0244%	8h	153.15	+0.043%	$252.9M	$1.38B	75x	as long as short
Bitget SPCXUSDTshort	+0.0294%	8h	153.19	+0.069%	$31.7M	$66.7M	75x
Phoenix SPCX	+0.0314%	1h	153.11	+0.017%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.036%	$728K	$986K	10x	as long as short
edgeX SPCXUSDC	+0.0344%	4h	153.08	−0.004%	$1.7M	$892K	20x	as long as short
Aster SPCXUSD1	+0.0388%	8h	153.13	+0.032%	$19.0M	$18.6M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.17	+0.056%	$401K	$536K	20x	as long as short