Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0746%/8h= −81.7% APRpaid last 24h +0.072%

Price spread now: Nado against edgeX−0.153%62s7-day average +0.015% · 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—prices read too far apart to compare

costs, in and out, $10k−$300.296% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.284%−$28 on $10k

Price spread, last 7 days+0.178%+$18 · spread now −0.153%, 7d avg +0.015%

Together, before fees−0.106%+ Points / potential airdropedgeX: Active · Nado: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Nado is 0.168% cheaper against edgeX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.015%). Swap the legs. The two prices were read 62 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	edgeX SPCXUSDC	152.55	0.0976	pay 0.0488% / 4h	1h 39m	$1.7M	$893K	20x
Short	Nado SPCX-PERP	152.31	0.0230	get 0.0029% / 1h	39m 52s	$626K	$808K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against edgeX. 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 edgeXbpFee NadobpOrdersPrice spread, now −0.153%Rate

Funding earned: −$156.71
Price spread: −0.153% → +0.015%: −$16.81
Slippage, 4 orders: −$13.61
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$203.12
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Nado: live order book, 3 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 edgeX live order book, 4 min ago	1.64 bp	6.1 bp −$6	7.3 bp −$73	20.3 bp −$2,032	doesn't fit
Sell Nado live order book, 3 min ago	0.33 bp	8.0 bp −$8	23.1 bp −$231	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 −0.0187% / S +0.0435%	1h	152.34	−0.133%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0018%	8h	152.45	−0.064%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.43	−0.077%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.40	−0.097%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.43	−0.077%	$31.2M	$66.1M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.092%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.55	+0.001%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.72	+0.113%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.53	−0.012%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	152.39	−0.102%	$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	152.35	−0.130%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.42	−0.084%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.43	−0.077%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.38	−0.110%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.41	−0.090%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.45	−0.064%	$531K	$382K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.31	−0.156%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.47	−0.052%	$408K	$498K	20x	as long as short
Paradex SPCX-USD-PERP	+0.0078%	8h	152.45	−0.065%	$101	—	5x	as long as short
Polymarket Perps SPCX-USD	+0.0081%	1h	152.41	−0.090%	$487K	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0083%	1h	152.34	−0.136%	$130.0M	$129.1M	20x	as long as short
Variational Omni SPCX	+0.0085%	8h	152.43	−0.078%	$6.0M	$2.8M	—	as long as short
Lighter SPCX	+0.0096%	1h	152.36	−0.123%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.36	−0.123%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.32	−0.149%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.064%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.44	−0.071%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0103%	8h	152.45	−0.065%	$250.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.41	−0.090%	$733K	$4.2M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.42	−0.086%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0116%	8h	152.45	−0.064%	$39.6M	$166.6M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.047%	$726K	$932K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.48	−0.045%	$443K	$266K	15x	as long as short
Nado SPCX-PERPshort	+0.0230%	1h	152.31	−0.153%	$626K	$808K	20x
Bullet SPCX-USD	+0.0258%	1h	152.44	−0.071%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0365%	8h	152.54	−0.004%	$18.8M	$26.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.172%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0538%	1h	152.39	−0.104%	$89K	$1.3M	10x	as long as short
edgeX SPCXUSDClong	+0.0976%	4h	152.55	long leg	$1.7M	$893K	20x