Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h +0.026%

Price spread now: Nado against Binance−0.057%7-day average −0.024% · 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−$28as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.055%+$6 on $10k

Price spread, last 7 days+0.055%+$5 · spread now −0.057%, 7d avg −0.024%

Together, before fees+0.110%+ Points / potential airdropNado: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.034% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.024%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.055%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPCXUSDT	153.09	0.0156	pay 0.0156% / 8h	4h 35m	$252.2M	$1.37B	75x
Short	Nado SPCX-PERP	153.00	0.0127	get 0.0016% / 1h	35m 32s	$617K	$823K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.057%Rate

Funding earned: −$6.08
Price spread: −0.057% → −0.024%: −$3.37
Slippage, 4 orders: −$7.62
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$34.07
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Nado: live order book, 23 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 Binance live order book, 9 min ago	0.33 bp	5.3 bp −$5	5.3 bp −$53	6.8 bp −$677	13.5 bp −$6,727
Sell Nado live order book, 23 min ago	0.33 bp	6.7 bp −$7	26.6 bp −$266	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 −0.0314% / S +0.0531%	1h	153.04	−0.027%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.07	−0.010%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.06	−0.017%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.11	+0.016%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.697%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.00	−0.056%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.29	+0.133%	$8K	$937K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	153.04	−0.030%	$73K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.12	+0.022%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	153.03	−0.033%	$8K	$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 SPCX	+0.0032%	1h	153.04	−0.030%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.99	−0.063%	$2.5M	$7.2M	20x	as long as short
BloFin SPCX-USDT	+0.0038%	8h	153.10	+0.009%	$1.9M	$1.4M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.01	−0.050%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.09	+0.003%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.03	−0.036%	$1.2M	$6.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.03	−0.036%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.05	−0.023%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.08	−0.004%	$533K	$395K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.95	−0.089%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	153.06	−0.014%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0075%	1h	153.02	−0.043%	$141.4M	$119.0M	20x	as long as short
Bullet SPCX-USD	+0.0082%	1h	153.09	0.000%	$11K	$191K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.97	−0.076%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.99	−0.063%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	−0.050%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.09	+0.003%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.07	−0.008%	$89	—	10x	as long as short
Nado SPCX-PERPshort	+0.0127%	1h	153.00	−0.057%	$617K	$823K	20x
Variational Omni SPCX	+0.0143%	8h	153.06	−0.018%	$6.0M	$3.0M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0151%	8h	153.09	+0.003%	$39.5M	$166.9M	75x	as long as short
Binance SPCXUSDTlong	+0.0156%	8h	153.09	long leg	$252.2M	$1.37B	75x
Extended SPCX-USD	+0.0160%	1h	153.04	−0.029%	$738K	$3.8M	10x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.12	+0.023%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.030%	$738K	$925K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.08	−0.004%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.16	+0.048%	$18.9M	$20.1M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	+0.173%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0807%	4h	153.06	−0.020%	$1.7M	$892K	20x	as long as short