Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0227%/8h= −24.9% APRpaid last 24h −0.045%

Price spread now: GRVT against Nado+12.799%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · GRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 12.799% dearer against Nado than usual: you sell high and buy low (spread +12.799% now, against zero (this spread has no 7-day history yet)): +$1,280 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SPCX-PERP	152.95	0.0227	pay 0.0028% / 1h	12m 37s	$622K	$826K	20x
Short	GRVT SPCX_USDT_Perp	172.52	0	get 0.0000% / 8h	5h 12m	$4K	$882	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +12.799%Rate

Funding earned: −$47.76
Price spread: +12.799% → 0.000%: $1,279.87
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $1,216.12
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Nado: live order book, 51 min ago; GRVT: no order-book sample. Net counts fees only.

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, 51 min ago	0.33 bp	7.5 bp −$7	49.3 bp −$493	doesn't fit	doesn't fit
Sell GRVT no order-book sample	—	—	—	—	—

GRVT: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0333% / S +0.0531%	1h	153.00	+0.037%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.02	+0.046%	$96.2M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.06	+0.073%	$31.7M	$65.5M	75x	as long as short
GRVT SPCX_USDT_Perpshort	0.0000%	8h	172.52	+12.799%	$4K	$882	10x
StandX SPCX-USD	0.0000%	1h	152.94	−0.006%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.24	+0.190%	$8K	$937K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.07	+0.079%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.96	+0.010%	$7K	$8K	10x	as long as short
Bybit SPCXUSDT	+0.0028%	8h	153.03	+0.053%	$30.8M	$42.9M	100x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.97	+0.014%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	152.96	+0.007%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.03	+0.053%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	153.02	+0.046%	$1.2M	$6.5M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.99	+0.027%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.01	+0.040%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.00	+0.033%	$534K	$398K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.93	−0.012%	$3.2M	$2.5M	10x	as long as short
Lighter SPCX	+0.0064%	1h	153.00	+0.033%	$1.6M	$7.2M	20x	as long as short
BloFin SPCX-USDT	+0.0066%	8h	153.05	+0.066%	$1.9M	$1.4M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	152.98	+0.020%	$73K	$1.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	153.05	+0.065%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.96	+0.007%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	+0.007%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	−0.012%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.04	+0.059%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.02	+0.049%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0172%	8h	153.04	+0.056%	$6.0M	$3.1M	—	as long as short
Bullet SPCX-USD	+0.0173%	1h	153.05	+0.064%	$11K	$190K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0176%	8h	153.05	+0.066%	$39.5M	$167.5M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	153.01	+0.040%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0185%	8h	153.05	+0.066%	$252.5M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0193%	1h	153.01	+0.040%	$142.1M	$119.2M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.06	+0.076%	$410K	$540K	20x	as long as short
Nado SPCX-PERPlong	+0.0227%	1h	152.95	long leg	$622K	$826K	20x
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	+0.040%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.04	+0.059%	$445K	$267K	15x	as long as short
Aster SPCXUSD1	+0.0416%	8h	153.11	+0.107%	$18.9M	$17.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.216%	$9K	$27K	5.5x	as long as short
edgeX SPCXUSDC	+0.0841%	4h	153.04	+0.057%	$1.7M	$893K	20x	as long as short