Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0167%/8h= −18.2% APRpaid last 24h +0.011%

Price spread now: Nado against Aster−0.105%7-day average −0.025% · 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−$32as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.039%+$4 on $10k

Price spread, last 7 days+0.093%+$9 · spread now −0.105%, 7d avg −0.025%

Together, before fees+0.132%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Nado is 0.080% cheaper against Aster than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPCXUSD1	153.14	0.0411	pay 0.0411% / 8h	6h 17m	$19.0M	$15.0M	20x
Short	Nado SPCX-PERP	152.98	0.0245	get 0.0031% / 1h	17m 17s	$622K	$838K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now −0.105%Rate

Funding earned: −$34.99
Price spread: −0.105% → −0.025%: −$8.04
Slippage, 4 orders: −$8.89
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$66.92
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Nado: live order book, 51 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 Aster live order book, 2 min ago	0.33 bp	5.4 bp −$5	6.6 bp −$66	doesn't fit	doesn't fit
Sell Nado live order book, 51 min ago	0.33 bp	6.6 bp −$7	16.5 bp −$165	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 −0.0346% / S +0.0541%	1h	153.04	−0.063%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.07	−0.047%	$96.0M	$31.3M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.657%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.98	−0.106%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.33	+0.123%	$8K	$944K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.13	−0.008%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0024%	1h	152.99	−0.102%	$8K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.02	−0.080%	$2.5M	$7.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.116%	$9K	$27K	5.5x	as long as short
Lighter SPCX	+0.0040%	1h	153.04	−0.067%	$1.6M	$7.2M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus SPCX-USD	+0.0040%	1h	153.02	−0.080%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.05	−0.060%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	153.05	−0.060%	$1.2M	$6.7M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.04	−0.067%	$501K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	−0.047%	$1.7M	$91K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.10	−0.027%	$534K	$405K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.94	−0.132%	$3.2M	$2.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0089%	8h	153.09	−0.032%	$101	—	5x	as long as short
Bybit SPCXUSDT	+0.0090%	8h	153.09	−0.034%	$30.8M	$42.9M	100x	as long as short
Pacifica SPCX	+0.0100%	1h	152.99	−0.099%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.99	−0.099%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	−0.014%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.09	−0.034%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.08	−0.039%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0115%	4h	153.07	−0.049%	$1.7M	$893K	20x	as long as short
Bitget SPCXUSDT	+0.0140%	8h	153.13	−0.008%	$31.9M	$66.1M	75x	as long as short
Bullet SPCX-USD	+0.0176%	1h	153.10	−0.027%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0184%	1h	153.03	−0.073%	$142.4M	$119.1M	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0199%	8h	153.13	−0.008%	$39.4M	$168.8M	75x	as long as short
Variational Omni SPCX	+0.0208%	8h	153.07	−0.049%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0222%	8h	153.10	−0.029%	$252.9M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	153.06	−0.054%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERPshort	+0.0245%	1h	152.98	−0.105%	$622K	$838K	20x
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	153.02	−0.080%	$72K	$1.1M	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	152.97	−0.112%	$738K	$973K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.09	−0.034%	$445K	$270K	15x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.11	−0.020%	$408K	$539K	20x	as long as short
Aster SPCXUSD1long	+0.0411%	8h	153.14	long leg	$19.0M	$15.0M	20x