Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.025%

Price spread now: OKX against Nado+0.087%7-day average +0.009% · 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−$20as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.051%−$5 on $10k

Price spread, last 7 days−0.113%−$11 · spread now +0.087%, 7d avg +0.009%

Together, before fees−0.164%+ Points / potential airdropNado: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.078% dearer against Nado than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of +0.009%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SPCX-PERP	152.89	0.0240	pay 0.0030% / 1h	53m 28s	$622K	$832K	20x
Short	OKX SPCX-USDT-SWAP	153.02	0.0190	get 0.0190% / 8h	5h 53m	$39.5M	$168.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$10.6
Price spread: +0.087% → +0.009%: $7.78
Slippage, 4 orders: −$10.35
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$30.17
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from Nado: live order book, 10 min ago; OKX: live order book, 6 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, 10 min ago	0.33 bp	7.5 bp −$7	49.3 bp −$493	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	0.33 bp	5.3 bp −$5	6.3 bp −$63	12.6 bp −$1,261	doesn't fit

SPCX on 38 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	152.97	+0.051%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.97	+0.054%	$96.0M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.842%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.88	−0.004%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.27	+0.251%	$8K	$941K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.05	+0.107%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	+0.040%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.91	+0.015%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.92	+0.022%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	+0.054%	—	$1.2M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SPCX-USD	+0.0048%	1h	152.97	+0.054%	$1.2M	$6.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.94	+0.035%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.97	+0.054%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.99	+0.068%	$535K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.86	−0.017%	$3.2M	$2.5M	10x	as long as short
Bitget SPCXUSDT	+0.0055%	8h	153.02	+0.087%	$31.7M	$66.1M	75x	as long as short
Bybit SPCXUSDT	+0.0063%	8h	153.02	+0.087%	$30.8M	$42.8M	100x	as long as short
Lighter SPCX	+0.0064%	1h	152.94	+0.035%	$1.6M	$7.2M	20x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	153.01	+0.080%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.90	+0.009%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.92	+0.022%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	+0.028%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.01	+0.081%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	+0.065%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0128%	4h	152.98	+0.061%	$1.7M	$892K	20x	as long as short
Bullet SPCX-USD	+0.0178%	1h	152.99	+0.069%	$11K	$189K	10x	as long as short
OKX SPCX-USDT-SWAPshort	+0.0190%	8h	153.02	+0.087%	$39.5M	$168.0M	75x
Variational Omni SPCX	+0.0194%	8h	152.98	+0.061%	$6.0M	$3.1M	—	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.02	+0.088%	$408K	$549K	20x	as long as short
Binance SPCXUSDT	+0.0205%	8h	153.00	+0.074%	$252.6M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	152.95	+0.044%	$736K	$3.8M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0239%	1h	152.97	+0.054%	$142.1M	$119.3M	20x	as long as short
Nado SPCX-PERPlong	+0.0240%	1h	152.89	long leg	$622K	$832K	20x
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.97	+0.054%	$738K	$968K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	152.98	+0.061%	$445K	$267K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0339%	1h	152.93	+0.028%	$72K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0411%	8h	153.09	+0.130%	$19.0M	$15.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.257%	$9K	$27K	5.5x	as long as short