Funding you earn now, next payment 02:00 UTC−0.0200%/8h= −21.9% APRnext payment −$0.25 per $10,000 · paid last 24h −0.015%
Price spread now: Arcus against Nado+0.021%52s7-day average −0.043% · you sell dearer than you buy
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−$340.338% of the position
Funding, last 3 days (all we have)−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)+0.025%+$3 · spread now +0.021%, 7d avg −0.043%
=Together, before fees+0.013%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.064% dearer against Nado than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.043%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 3 days (−0.012% in total) that is about 17 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.012% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SPCX-PERP | 152.96 | 0.0241 | pay 0.0030% / 1h | 57m 40s | $620K | $847K | 20x |
| Short | Arcus SPCX-USD | 152.99 | 0.0040 | get 0.0005% / 1h | 57m 40s | $105K | $297K | 5x |
Nado SPCX-PERP
Arcus SPCX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$42.08
- Price spread: +0.021% → −0.043%
- $6.39
- Slippage, 4 orders
- −$22.28
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$69.47
- Costs to cover
- 0.338%
- Break-even
- never at this rate
Slippage from Nado: live order book, 11 min ago; Arcus: live order book, 11 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 Nado live order book, 11 min ago | 0.33 bp | 6.3 bp −$6 | 20.8 bp −$208 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 11 min ago | 6.20 bp | 10.7 bp −$11 | 14.0 bp −$140 | 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 −0.0333% / S +0.0531% | 1h | 153.01 | +0.037% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 153.01 | +0.034% | $96.3M | $31.1M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.52 | +12.792% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.97 | +0.008% | $302K | $3.1M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.34 | +0.250% | $8K | $950K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 153.04 | +0.054% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0025% | 1h | 153.01 | +0.036% | $8K | $8K | 10x | as long as short |
| Lighter SPCX | +0.0032% | 1h | 152.98 | +0.014% | $1.6M | $7.2M | 20x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.96 | +0.001% | $2.5M | $7.2M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0033% | 1h | 157.25 | +2.806% | $9K | $27K | 5.5x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Lighter SPCX
Lighter RH SPCX
Injective SPCX/USDC PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPCX-USDshort | +0.0040% | 1h | 152.99 | +0.021% | $105K | $297K | 5x | |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 153.04 | +0.054% | — | $1.2M | 10x | as long as short |
| QFEX SPCX-USD | +0.0049% | 1h | 153.01 | +0.034% | $1.2M | $7.1M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 153.01 | +0.034% | $489K | $1.1M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 153.01 | +0.034% | $1.7M | $87K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 153.04 | +0.054% | $534K | $404K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.92 | −0.025% | $3.2M | $2.6M | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0077% | 1h | 152.97 | +0.008% | $72K | $1.1M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0086% | 8h | 153.05 | +0.057% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.92 | −0.025% | $169K | $133K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.94 | −0.012% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.94 | −0.012% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 153.06 | +0.067% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 153.05 | +0.057% | $89 | — | 10x | as long as short |
| Bullet SPCX-USD | +0.0110% | 1h | 153.06 | +0.064% | $11K | $189K | 10x | as long as short |
| Bybit SPCXUSDT | +0.0113% | 8h | 153.04 | +0.054% | $30.8M | $42.8M | 100x | as long as short |
| BloFin SPCX-USDT | +0.0121% | 8h | 153.09 | +0.086% | $1.9M | $1.4M | 75x | as long as short |
| tradeXYZ xyz:SPCX | +0.0180% | 1h | 153.00 | +0.028% | $142.7M | $119.5M | 20x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0210% | 8h | 153.05 | +0.060% | $39.3M | $168.7M | 75x | as long as short |
| Variational Omni SPCX | +0.0226% | 8h | 153.02 | +0.039% | $6.0M | $3.5M | — | as long as short |
| Binance SPCXUSDT | +0.0239% | 8h | 153.04 | +0.054% | $252.6M | $1.37B | 75x | as long as short |
| Extended SPCX-USD | +0.0240% | 1h | 152.99 | +0.019% | $734K | $3.8M | 10x | as long as short |
| Nado SPCX-PERPlong | +0.0241% | 1h | 152.96 | long leg | $620K | $847K | 20x | |
| Bitget SPCXUSDT | +0.0267% | 8h | 153.06 | +0.067% | $31.7M | $66.5M | 75x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0288% | 1h | 153.14 | +0.119% | $728K | $986K | 10x | as long as short |
| Phoenix SPCX | +0.0314% | 1h | 153.06 | +0.067% | $445K | $270K | 15x | as long as short |
| Aster SPCXUSD1 | +0.0390% | 8h | 153.12 | +0.106% | $19.0M | $18.0M | 20x | as long as short |
| RISEx SPCX/USDC | +0.0410% | 1h | 153.09 | +0.083% | $408K | $539K | 20x | as long as short |
| edgeX SPCXUSDC | +0.0877% | 4h | 153.03 | +0.050% | $1.7M | $894K | 20x | as long as short |
Vest SPCX-USD-PERP
QFEX SPCX-USD
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
Deribit SPCX_USDC-PERPETUAL
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Bullet SPCX-USD
Bybit SPCXUSDT
BloFin SPCX-USDT
tradeXYZ xyz:SPCX
OKX SPCX-USDT-SWAP
Variational Omni SPCX
Binance SPCXUSDT
Extended SPCX-USD
Bitget SPCXUSDT
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
Aster SPCXUSD1
RISEx SPCX/USDC
edgeX SPCXUSDC