Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.029%

Price spread now: Nado against OKX−0.091%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.058%+$6 on $10k

Price spread, last 7 days+0.095%+$10 · spread now −0.091%, 7d avg −0.011%

Together, before fees+0.153%+ Points / potential airdropNado: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.079% cheaper against OKX than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.011%). If the spread goes back, that is −$8 on $10k: about 4.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPCX-USDT-SWAP	152.46	0.0146	pay 0.0146% / 8h	3h 22m	$39.4M	$166.3M	75x
Short	Nado SPCX-PERP	152.32	0.0210	get 0.0026% / 1h	22m 16s	$613K	$802K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now −0.091%Rate

Funding earned: $13.48
Price spread: −0.091% → −0.011%: −$7.92
Slippage, 4 orders: −$7.87
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$19.31
Costs to cover: 0.249%
Break-even: 17.0 days

Slippage from OKX: live order book, 2 min ago; Nado: live order book, 31 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 OKX live order book, 2 min ago	0.33 bp	5.4 bp −$5	6.7 bp −$67	12.5 bp −$1,250	doesn't fit
Sell Nado live order book, 31 min ago	0.33 bp	7.5 bp −$8	17.5 bp −$175	doesn't fit	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 −0.0265% / S +0.0494%	1h	152.29	−0.108%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.38	−0.052%	$96.2M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.45	−0.007%	$31.3M	$65.8M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.165%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.43	−0.020%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.62	+0.105%	$8K	$920K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.38	−0.052%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0014%	8h	152.38	−0.052%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0027%	8h	152.40	−0.039%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.37	−0.060%	$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	152.33	−0.085%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.36	−0.066%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.36	−0.066%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.32	−0.092%	$495K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	−0.059%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.43	−0.020%	$532K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.15	−0.203%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.34	−0.079%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0054%	8h	152.35	−0.073%	$101	—	5x	as long as short
Lighter SPCX	+0.0096%	1h	152.37	−0.059%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.27	−0.125%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.34	−0.079%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.61	+0.098%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.34	−0.079%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.35	−0.074%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0141%	8h	152.53	+0.044%	$6.0M	$2.9M	—	as long as short
Extended SPCX-USD	+0.0144%	1h	152.31	−0.099%	$732K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0146%	8h	152.38	−0.052%	$249.6M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAPlong	+0.0146%	8h	152.46	long leg	$39.4M	$166.3M	75x
tradeXYZ xyz:SPCX	+0.0151%	1h	152.26	−0.131%	$131.5M	$127.9M	20x	as long as short
Nado SPCX-PERPshort	+0.0210%	1h	152.32	−0.091%	$613K	$802K	20x
RISEx SPCX/USDC	+0.0217%	1h	152.43	−0.023%	$408K	$517K	20x	as long as short
Bullet SPCX-USD	+0.0218%	1h	152.41	−0.033%	$12K	$192K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	−0.013%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.43	−0.020%	$443K	$264K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0407%	1h	152.39	−0.046%	$86K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0421%	8h	152.46	−0.003%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.479%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0639%	4h	152.56	+0.067%	$1.7M	$891K	20x	as long as short