Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0183%/8h= −20.1% APRpaid last 24h −0.064%

Price spread now: BloFin against Nado+0.051%7-day average +0.030% · 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−$24as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.177%−$18 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.051%, 7d avg +0.030%

Together, before fees−0.214%+ Points / potential airdropNado: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.021% dearer against Nado than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.030%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SPCX-PERP	152.32	0.0210	pay 0.0026% / 1h	22m 33s	$613K	$802K	20x
Short	BloFin SPCX-USDT	152.40	0.0027	get 0.0027% / 8h	3h 22m	$1.9M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$38.49
Price spread: +0.051% → +0.030%: $2.08
Slippage, 4 orders: −$6.89
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$62.3
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Nado: live order book, 31 min ago; BloFin: live order book, 10 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, 31 min ago	0.33 bp	5.7 bp −$6	20.8 bp −$208	doesn't fit	doesn't fit
Sell BloFin live order book, 10 min ago	0.33 bp	6.3 bp −$6	6.9 bp −$69	10.1 bp −$1,008	15.7 bp −$7,833

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 −0.0265% / S +0.0494%	1h	152.28	−0.031%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.35	+0.018%	$96.2M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.41	+0.058%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.268%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.43	+0.071%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.62	+0.196%	$8K	$920K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.38	+0.038%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0014%	8h	152.35	+0.018%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDTshort	+0.0027%	8h	152.40	+0.051%	$1.9M	$1.3M	75x
Aftermath Perps SPCXUSD	+0.0031%	1h	152.39	+0.048%	$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	152.27	−0.034%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.36	+0.025%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.36	+0.025%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.34	+0.012%	$495K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	+0.032%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.40	+0.051%	$531K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.15	−0.113%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.34	+0.012%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0054%	8h	152.35	+0.018%	$101	—	5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0078%	1h	152.36	+0.025%	$86K	$1.2M	10x	as long as short
Lighter SPCX	+0.0096%	1h	152.30	−0.014%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.27	−0.034%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.36	+0.025%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.61	+0.189%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.40	+0.051%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.39	+0.042%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0141%	8h	152.53	+0.135%	$6.0M	$2.9M	—	as long as short
Extended SPCX-USD	+0.0144%	1h	152.33	+0.006%	$732K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0146%	8h	152.37	+0.035%	$249.5M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0146%	8h	152.42	+0.064%	$39.4M	$166.3M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0152%	1h	152.25	−0.047%	$131.6M	$127.9M	20x	as long as short
Nado SPCX-PERPlong	+0.0210%	1h	152.32	long leg	$613K	$802K	20x
RISEx SPCX/USDC	+0.0217%	1h	152.43	+0.068%	$408K	$517K	20x	as long as short
Bullet SPCX-USD	+0.0220%	1h	152.39	+0.045%	$12K	$192K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	+0.078%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.43	+0.071%	$443K	$264K	15x	as long as short
Aster SPCXUSD1	+0.0421%	8h	152.48	+0.101%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.570%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0639%	4h	152.56	+0.158%	$1.7M	$891K	20x	as long as short