Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.010%

Price spread now: edgeX against Nado+0.078%62s7-day average −0.017% · 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—prices read too far apart to compare

costs, in and out, $10k−$250.255% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.343%+$34 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.078%, 7d avg −0.017%

Together, before fees+0.252%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.095% dearer against Nado than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of −0.017%): +$9 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 30 days. Mind the row above: over the last 3 days funding on this pair paid +0.343%, so the current rate has only just turned against you. The two prices were read 62 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	Nado SPCX-PERP	152.79	0.0292	pay 0.0036% / 1h	20m 35s	$601K	$885K	20x
Short	edgeX SPCXUSDC	152.91	0.0281	get 0.0141% / 4h	20m 35s	$1.7M	$892K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$2.19
Price spread: +0.078% → −0.017%: $9.48
Slippage, 4 orders: −$9.49
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$18.2
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from Nado: live order book, 58 min ago; edgeX: 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, 58 min ago	0.33 bp	5.5 bp −$6	23.0 bp −$230	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	1.63 bp	6.1 bp −$6	6.4 bp −$64	12.4 bp −$1,244	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 −0.0277% / S +0.0491%	1h	152.90	+0.066%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.91	+0.076%	$96.6M	$31.4M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.908%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.82	+0.017%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.10	+0.200%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.91	+0.076%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.81	+0.013%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.86	+0.043%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.916%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.86	+0.043%	$105K	$297K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.89	+0.063%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.90	+0.069%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.91	+0.076%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.87	+0.050%	$535K	$410K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.81	+0.010%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.90	+0.069%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDT	+0.0077%	8h	152.96	+0.109%	$1.9M	$1.4M	75x	as long as short
Lighter SPCX	+0.0088%	1h	152.90	+0.069%	$1.6M	$7.4M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0090%	8h	152.92	+0.080%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.84	+0.030%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.80	+0.004%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.85	+0.037%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.93	+0.089%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.95	+0.102%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0141%	1h	152.94	+0.093%	$11K	$188K	10x	as long as short
Bybit SPCXUSDT	+0.0150%	8h	152.95	+0.102%	$30.7M	$42.8M	100x	as long as short
Variational Omni SPCX	+0.0176%	8h	152.93	+0.092%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0194%	8h	152.93	+0.089%	$38.9M	$169.5M	75x	as long as short
Binance SPCXUSDT	+0.0197%	8h	152.93	+0.089%	$253.1M	$1.39B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.90	+0.070%	$734K	$3.6M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0251%	1h	152.89	+0.063%	$143.5M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.92	+0.082%	$446K	$269K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.115%	$733K	$970K	10x	as long as short
edgeX SPCXUSDCshort	+0.0281%	4h	152.91	+0.078%	$1.7M	$892K	20x
Nado SPCX-PERPlong	+0.0292%	1h	152.79	long leg	$601K	$885K	20x
Aster SPCXUSD1	+0.0294%	8h	153.01	+0.141%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0309%	8h	152.95	+0.102%	$31.2M	$67.3M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0339%	1h	152.90	+0.069%	$71K	$1.0M	10x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.98	+0.118%	$403K	$539K	20x	as long as short