Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h +0.022%

Price spread now: Nado against Orderly−0.103%51s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Nado

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 · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.103% cheaper against Orderly than usual: you would sell low and buy high (spread −0.103% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.1 days of funding at the current rate (+$5 a day). The two prices were read 51 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	Orderly PERP_SPCX_USDC_mythos	152.36	0.0100	pay 0.0100% / 8h	1h 03m	$14K	$7K	10x
Short	Nado SPCX-PERP	152.20	0.0266	get 0.0033% / 1h	3m 31s	$626K	$805K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Orderly. 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 OrderlybpFee NadobpOrdersPrice spread, now −0.103%Rate

Funding earned: $34.88
Price spread: −0.103% → 0.000%: −$10.28
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $11.6
Costs to cover: 0.130%
Break-even: 4.7 days

Slippage unknown: Orderly: no order-book sample; Nado: live order book, 40 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Nado live order book, 40 min ago	0.33 bp	8.0 bp −$8	23.1 bp −$231	doesn't fit	doesn't fit

Orderly: 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 −0.0234% / S +0.0471%	1h	152.28	−0.049%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.33	−0.020%	$96.2M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.38	+0.013%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.239%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.36	0.000%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.61	+0.164%	$8K	$895K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.45	+0.059%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0015%	8h	152.35	−0.007%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0025%	8h	152.43	+0.046%	$1.9M	$1.2M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0028%	1h	152.30	−0.041%	$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	152.26	−0.066%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.33	−0.020%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.28	−0.053%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.28	−0.053%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.31	−0.033%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.36	0.000%	$530K	$376K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.16	−0.131%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.38	+0.013%	$392K	$507K	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.25	−0.072%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.22	−0.092%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.40	+0.026%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythoslong	+0.0100%	8h	152.36	long leg	$14K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	152.34	−0.012%	$88	—	10x	as long as short
edgeX SPCXUSDC	+0.0116%	4h	152.36	−0.002%	$1.7M	$892K	20x	as long as short
tradeXYZ xyz:SPCX	+0.0124%	1h	152.29	−0.046%	$130.0M	$129.0M	20x	as long as short
Variational Omni SPCX	+0.0131%	8h	152.38	+0.012%	$5.9M	$2.8M	—	as long as short
Paradex SPCX-USD-PERP	+0.0133%	8h	152.34	−0.014%	$101	—	5x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.32	−0.029%	$724K	$3.6M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0146%	1h	152.32	−0.026%	$487K	$1.2M	10x	as long as short
Binance SPCXUSDT	+0.0147%	8h	152.36	0.000%	$251.9M	$1.36B	75x	as long as short
Lighter SPCX	+0.0152%	1h	152.28	−0.053%	$1.6M	$7.4M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0154%	8h	152.37	+0.007%	$39.5M	$166.5M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.28	−0.053%	$732K	$923K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.38	+0.013%	$443K	$266K	15x	as long as short
Nado SPCX-PERPshort	+0.0266%	1h	152.20	−0.103%	$626K	$805K	20x
Bullet SPCX-USD	+0.0303%	1h	152.36	−0.002%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0408%	8h	152.45	+0.059%	$18.9M	$29.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.77	+0.269%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0604%	1h	152.32	−0.026%	$90K	$1.3M	10x	as long as short