Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0168%/8h= −18.3% APRpaid last 24h −0.056%

Price spread now: HTX against Nado+0.097%7-day average +0.032% · 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−$25as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.091%−$9 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.097%, 7d avg +0.032%

Together, before fees−0.190%+ Points / potential airdropNado: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.065% dearer against Nado than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of +0.032%): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 4 days (−0.091% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SPCX-PERP	152.52	0.0168	pay 0.0021% / 1h	46m 05s	$630K	$811K	20x
Short	HTX SPCX-USDT	152.67	0	get 0.0000% / 8h	4h 46m	$1.3M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HTXbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$35.19
Price spread: +0.097% → +0.032%: $6.5
Slippage, 4 orders: −$12.83
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$60.51
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from Nado: live order book, 60 min ago; HTX: 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, 60 min ago	0.33 bp	6.7 bp −$7	23.9 bp −$239	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	0.33 bp	9.7 bp −$10	13.1 bp −$131	18.8 bp −$1,876	doesn't fit

SPCX on 38 exchanges

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 −0.0187% / S +0.0435%	1h	152.49	−0.025%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0070%	8h	152.60	+0.051%	$2.0M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.59	+0.044%	$30.1M	$42.4M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.55	+0.018%	$96.3M	$30.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.63	+0.070%	$31.1M	$66.5M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.66	+0.090%	$306K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.81	+0.188%	$8K	$807K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.49	−0.021%	$42K	$1.4M	10x	as long as short
HTX SPCX-USDTshort	0.0000%	8h	152.67	+0.097%	$1.3M	$1.7M	75x
Variational Omni SPCX	+0.0011%	8h	152.60	+0.054%	$5.9M	$2.7M	—	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0021%	1h	152.53	+0.006%	$7K	$7K	10x	as long as short
QFEX SPCX-USD	+0.0029%	1h	152.55	+0.018%	$1.2M	$5.4M	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.53	+0.005%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.50	−0.015%	$2.5M	$7.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	152.78	+0.169%	$9K	$28K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.52	−0.002%	$102K	$293K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.54	+0.011%	—	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0048%	1h	152.52	−0.003%	$700K	$5.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.48	−0.028%	$128.1M	$129.5M	20x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.54	+0.011%	$1.7M	$56K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.57	+0.031%	$532K	$378K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.48	−0.028%	$3.1M	$2.1M	10x	as long as short
Binance SPCXUSDT	+0.0050%	8h	152.58	+0.038%	$251.8M	$1.37B	75x	as long as short
Paradex SPCX-USD-PERP	+0.0051%	8h	152.55	+0.020%	$101	—	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0086%	8h	152.59	+0.044%	$39.8M	$167.5M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.44	−0.054%	$169K	$114K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.50	−0.015%	$13.0M	$6.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.048%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.58	+0.038%	$14K	$7K	10x	as long as short
RISEx SPCX/USDC	+0.0104%	1h	152.63	+0.067%	$351K	$481K	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.54	+0.015%	$88	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0119%	1h	152.56	+0.025%	$483K	$1.0M	10x	as long as short
Nado SPCX-PERPlong	+0.0168%	1h	152.52	long leg	$630K	$811K	20x
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.54	+0.011%	$732K	$1.1M	10x	as long as short
Bullet SPCX-USD	+0.0196%	1h	152.58	+0.040%	$11K	$190K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.55	+0.018%	$449K	$272K	15x	as long as short
edgeX SPCXUSDC	+0.0232%	4h	152.53	+0.005%	$1.7M	$890K	20x	as long as short
Aster SPCXUSD1	+0.0423%	8h	152.70	+0.116%	$19.0M	$30.6M	20x	as long as short