SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.24 per $10,000 · paid last 24h +0.029%

Price spread now: Nado against Injective−0.318%49s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Nado is 0.318% cheaper against Injective than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 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	Injective SPCX/USDC PERP	153.24	0.0440	pay 0.0055% / 1h	44m 01s	$9K	$28K	5.5x
Short	Nado SPCX-PERP	152.75	0.0244	get 0.0031% / 1h	44m 01s	$615K	$810K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Injective. 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 InjectivebpFee NadobpOrdersPrice spread, now −0.318%Rate

Funding earned: −$41.16
Price spread: −0.318% → 0.000%: −$31.85
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$80.02
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Nado: live order book, 9 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 Injective no order-book sample	—	—	—	—	—
Sell Nado live order book, 9 min ago	0.33 bp	7.5 bp −$8	17.5 bp −$175	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0214% / S +0.0456%	1h	152.84	−0.258%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.87	−0.241%	$96.3M	$31.2M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.92	−0.209%	$31.8M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.587%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.96	−0.183%	$301K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.12	−0.078%	$8K	$933K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.96	−0.183%	$1.3M	$1.7M	75x	as long as short
Bybit SPCXUSDT	+0.0014%	8h	152.88	−0.235%	$30.7M	$42.6M	100x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.86	−0.246%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.79	−0.294%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SPCX-USDT	+0.0035%	8h	152.90	−0.222%	$1.9M	$1.3M	75x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.82	−0.274%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.86	−0.248%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.82	−0.274%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.86	−0.248%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.87	−0.241%	$532K	$391K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.79	−0.294%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.88	−0.235%	$1.2M	$5.8M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0097%	8h	152.90	−0.223%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.79	−0.294%	$169K	$121K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.80	−0.287%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.96	−0.183%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.88	−0.235%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.87	−0.240%	$89	—	10x	as long as short
Variational Omni SPCX	+0.0141%	8h	152.91	−0.216%	$6.0M	$2.9M	—	as long as short
Lighter SPCX	+0.0144%	1h	152.81	−0.281%	$1.6M	$7.3M	20x	as long as short
Extended SPCX-USD	+0.0152%	1h	152.84	−0.259%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0155%	8h	152.89	−0.231%	$248.5M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0156%	8h	152.91	−0.215%	$39.6M	$166.1M	75x	as long as short
edgeX SPCXUSDC	+0.0206%	4h	152.89	−0.227%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.94	−0.199%	$409K	$517K	20x	as long as short
Nado SPCX-PERPshort	+0.0244%	1h	152.75	−0.318%	$615K	$810K	20x
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.90	−0.222%	$741K	$939K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.93	−0.202%	$445K	$264K	15x	as long as short
Bullet SPCX-USD	+0.0272%	1h	152.90	−0.222%	$12K	$192K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0278%	1h	152.83	−0.268%	$141.3M	$119.2M	20x	as long as short
Aster SPCXUSD1	+0.0429%	8h	152.99	−0.166%	$19.0M	$22.5M	20x	as long as short
Injective SPCX/USDC PERPlong	+0.0440%	1h	153.24	long leg	$9K	$28K	5.5x
Deribit SPCX_USDC-PERPETUAL	+0.0601%	1h	152.85	−0.255%	$84K	$1.2M	10x	as long as short