Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0008%/8h= +0.8% APRpaid last 24h +0.023%

Price spread now: Nado against Variational Omni−0.031%7-day average −0.011% · you buy dearer than you sell

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

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.049%+$5 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.031%, 7d avg −0.011%

Together, before fees+0.089%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.020% cheaper against Variational Omni than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPCX	153.12	0.0228	pay 0.0228% / 8h	7h 05m	$6.0M	$3.5M	—
Short	Nado SPCX-PERP	153.07	0.0235	get 0.0029% / 1h	5m 53s	$621K	$851K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.031%Rate

Funding earned: $1.61
Price spread: −0.031% → −0.011%: −$2.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$7.42
Costs to cover: 0.070%
Break-even: 39.3 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Nado: live order book, 2 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 Variational Omni RFQ quote, 3 min ago	2.35 bp	doesn't fit	2.9 bp −$29	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.33 bp	6.6 bp −$7	16.5 bp −$165	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 −0.0328% / S +0.0527%	1h	153.10	−0.008%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.11	−0.004%	$96.4M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.672%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.05	−0.044%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.34	+0.146%	$8K	$954K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.11	−0.004%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	153.02	−0.065%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.09	−0.017%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.06	−0.037%	$2.5M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.699%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	153.15	+0.022%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.10	−0.011%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.11	−0.004%	$1.7M	$86K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.12	+0.002%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.97	−0.096%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.09	−0.017%	$1.2M	$7.2M	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0077%	1h	153.09	−0.017%	$72K	$1.1M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0092%	8h	153.14	+0.016%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	153.05	−0.044%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	153.01	−0.070%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.04	−0.050%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.14	+0.015%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.12	+0.004%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0123%	8h	153.15	+0.022%	$1.9M	$1.4M	75x	as long as short
Bybit SPCXUSDT	+0.0133%	8h	153.16	+0.028%	$30.9M	$42.8M	100x	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.06	−0.037%	$105K	$297K	5x	as long as short
tradeXYZ xyz:SPCX	+0.0206%	1h	153.09	−0.017%	$143.1M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0213%	1h	153.14	+0.015%	$11K	$189K	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0215%	8h	153.16	+0.028%	$39.3M	$169.1M	75x	as long as short
Variational Omni SPCXlong	+0.0228%	8h	153.12	long leg	$6.0M	$3.5M	—
Nado SPCX-PERPshort	+0.0235%	1h	153.07	−0.031%	$621K	$851K	20x
Extended SPCX-USD	+0.0240%	1h	153.09	−0.015%	$734K	$3.9M	10x	as long as short
Binance SPCXUSDT	+0.0243%	8h	153.14	+0.014%	$252.8M	$1.38B	75x	as long as short
Bitget SPCXUSDT	+0.0293%	8h	153.16	+0.028%	$31.7M	$66.7M	75x	as long as short
Phoenix SPCX	+0.0314%	1h	153.11	−0.004%	$445K	$271K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.015%	$728K	$986K	10x	as long as short
Aster SPCXUSD1	+0.0388%	8h	153.14	+0.016%	$19.0M	$18.5M	20x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.17	+0.035%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0902%	4h	153.10	−0.012%	$1.7M	$892K	20x	as long as short