Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.056%

Price spread now: Nado against SunX−0.133%48s7-day average −0.087% · you buy dearer than you sell

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

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.087%+$9 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.133%, 7d avg −0.087%

Together, before fees+0.223%+ Points / potential airdropNado: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.046% cheaper against SunX than usual: you would sell low and buy high (spread −0.133% now, against its 7-day average of −0.087%). If the spread goes back, that is −$5 on $10k: about 40 hours of funding at the current rate (+$3 a day). The two prices were read 48 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	SunX SPCX-USDT	152.97	0	get 0.0000% / 8h	7h 01m	$8K	$841K	10x
Short	Nado SPCX-PERP	152.77	0.0093	get 0.0012% / 1h	1m 30s	$633K	$808K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. 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 SunXbpFee NadobpOrdersPrice spread, now −0.133%Rate

Funding earned: $19.5
Price spread: −0.133% → −0.087%: −$4.61
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$0.11
Costs to cover: 0.150%
Break-even: 7.0 days

Slippage unknown: SunX: live order book, 41 min ago; Nado: live order book, 32 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 SunX live order book, 41 min ago	272.13 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 32 min ago	0.33 bp	8.8 bp −$9	19.4 bp −$194	doesn't fit	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 −0.0187% / S +0.0435%	1h	152.71	−0.173%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0018%	8h	152.67	−0.196%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.82	−0.098%	$30.5M	$43.2M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.77	−0.131%	$96.1M	$32.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.86	−0.072%	$31.1M	$66.7M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.67	−0.196%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDTlong	0.0000%	8h	152.97	long leg	$8K	$841K	10x
HTX SPCX-USDT	0.0000%	8h	152.74	−0.150%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0012%	1h	152.72	−0.163%	$82K	$1.4M	10x	as long as short
Aftermath Perps SPCXUSD	+0.0015%	1h	152.60	−0.242%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.75	−0.144%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.75	−0.144%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.80	−0.111%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.73	−0.157%	$103K	$295K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.83	−0.092%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.75	−0.144%	$129.8M	$130.2M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.81	−0.105%	$490K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.72	−0.163%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.71	−0.170%	$531K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.57	−0.261%	$3.1M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.80	−0.108%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0088%	8h	152.69	−0.183%	$5.9M	$2.7M	—	as long as short
Bullet SPCX-USD	+0.0092%	1h	152.82	−0.097%	$11K	$191K	10x	as long as short
Nado SPCX-PERPshort	+0.0093%	1h	152.77	−0.133%	$633K	$808K	20x
Extended SPCX-USD	+0.0096%	1h	152.76	−0.137%	$723K	$5.4M	10x	as long as short
Binance SPCXUSDT	+0.0098%	8h	152.82	−0.097%	$253.0M	$1.37B	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.75	−0.144%	$169K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.68	−0.190%	$13.0M	$5.9M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.70	−0.177%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.74	−0.150%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.70	−0.176%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0107%	8h	152.85	−0.078%	$39.4M	$168.8M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.69	−0.180%	$382K	$507K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.77	−0.131%	$449K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.67	−0.196%	$687K	$1.0M	10x	as long as short
Aster SPCXUSD1	+0.0398%	8h	152.94	−0.022%	$19.0M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.78	−0.124%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0726%	4h	152.71	−0.168%	$1.7M	$890K	20x	as long as short