Funding you earn now, next payment 05:00 UTC−0.0191%/8h= −20.9% APRpaid last 24h −0.033%
Price spread now: Bybit against Nado+0.104%7-day average +0.008% · 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−$19as in the Price arb table
costs, in and out, $10k−$280.283% of the position
Funding, last 3 days (all we have)−0.063%−$6 on $10k
+Price spread, last 7 days−0.123%−$12 · spread now +0.104%, 7d avg +0.008%
=Together, before fees−0.185%+ Points / potential airdropNado: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.095% dearer against Nado than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.008%): +$10 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 3 days (−0.063% in total) that is about 5.2 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.063% in total (about -6.7% a year). A funding rate is set anew for every payment. 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 | 152.34 | 0.0207 | pay 0.0026% / 1h | 17m 29s | $613K | $802K | 20x |
| Short | Bybit SPCXUSDT | 152.50 | 0.0017 | get 0.0017% / 8h | 3h 17m | $30.6M | $42.7M | 100x |
Nado SPCX-PERP
Bybit SPCXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$40.04
- Price spread: +0.104% → +0.008%
- $9.54
- Slippage, 4 orders
- −$10.31
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$58.81
- Costs to cover
- 0.283%
- Break-even
- never at this rate
Slippage from Nado: live order book, 36 min ago; Bybit: live order book, 1 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, 36 min ago | 0.33 bp | 5.7 bp −$6 | 20.8 bp −$208 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.33 bp | 8.1 bp −$8 | 10.6 bp −$106 | 38.3 bp −$3,829 | 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 −0.0265% / S +0.0494% | 1h | 152.35 | +0.009% | $90K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.46 | +0.078% | $96.3M | $31.6M | 100x | as long as short |
| Bitget SPCXUSDT | 0.0000% | 8h | 152.52 | +0.117% | $31.3M | $65.9M | 75x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.53 | +13.250% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.43 | +0.058% | $300K | $2.9M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 152.62 | +0.183% | $8K | $920K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.46 | +0.078% | $1.3M | $1.8M | 75x | as long as short |
| Bybit SPCXUSDTshort | +0.0017% | 8h | 152.50 | +0.104% | $30.6M | $42.7M | 100x | |
| BloFin SPCX-USDT | +0.0024% | 8h | 152.43 | +0.058% | $1.9M | $1.3M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0030% | 1h | 152.37 | +0.017% | $7K | $8K | 10x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
Bitget SPCXUSDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
BloFin SPCX-USDT
Aftermath Perps SPCXUSDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SPCX | +0.0032% | 1h | 152.36 | +0.012% | $2.5M | $7.4M | 20x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.35 | +0.005% | $105K | $297K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.44 | +0.064% | — | $1.2M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 152.42 | +0.051% | $493K | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.37 | +0.018% | $1.7M | $99K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.41 | +0.045% | $531K | $392K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.22 | −0.080% | $3.2M | $2.4M | 10x | as long as short |
| QFEX SPCX-USD | +0.0050% | 1h | 152.46 | +0.078% | $1.2M | $5.7M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0057% | 8h | 152.49 | +0.099% | $101 | — | 5x | as long as short |
| Lighter SPCX | +0.0096% | 1h | 152.39 | +0.032% | $1.6M | $7.4M | 20x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.35 | +0.005% | $169K | $120K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.34 | −0.001% | $13.0M | $5.4M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.30 | −0.027% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.49 | +0.097% | $14K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.40 | +0.037% | $88 | — | 10x | as long as short |
| tradeXYZ xyz:SPCX | +0.0123% | 1h | 152.36 | +0.012% | $131.4M | $128.2M | 20x | as long as short |
| Variational Omni SPCX | +0.0131% | 8h | 152.45 | +0.070% | $6.0M | $2.9M | — | as long as short |
| Binance SPCXUSDT | +0.0144% | 8h | 152.49 | +0.097% | $250.6M | $1.36B | 75x | as long as short |
| Extended SPCX-USD | +0.0144% | 1h | 152.45 | +0.069% | $731K | $4.2M | 10x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0147% | 8h | 152.50 | +0.104% | $39.4M | $166.4M | 75x | as long as short |
| Nado SPCX-PERPlong | +0.0207% | 1h | 152.34 | long leg | $613K | $802K | 20x | |
| Deribit SPCX_USDC-PERPETUAL | +0.0210% | 1h | 152.39 | +0.032% | $86K | $1.2M | 10x | as long as short |
| RISEx SPCX/USDC | +0.0217% | 1h | 152.50 | +0.107% | $408K | $517K | 20x | as long as short |
| Bullet SPCX-USD | +0.0217% | 1h | 152.49 | +0.097% | $11K | $192K | 10x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0248% | 1h | 152.44 | +0.064% | $739K | $931K | 10x | as long as short |
| Phoenix SPCX | +0.0261% | 1h | 152.37 | +0.018% | $443K | $264K | 15x | as long as short |
| Aster SPCXUSD1 | +0.0433% | 8h | 152.57 | +0.150% | $18.9M | $24.0M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0440% | 1h | 153.19 | +0.557% | $9K | $28K | 5.5x | as long as short |
| edgeX SPCXUSDC | +0.0459% | 4h | 152.44 | +0.066% | $1.7M | $892K | 20x | as long as short |
Lighter RH SPCX
Arcus SPCX-USD
Vest SPCX-USD-PERP
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
QFEX SPCX-USD
Paradex SPCX-USD-PERP
Lighter SPCX
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
tradeXYZ xyz:SPCX
Variational Omni SPCX
Binance SPCXUSDT
Extended SPCX-USD
OKX SPCX-USDT-SWAP
Deribit SPCX_USDC-PERPETUAL
RISEx SPCX/USDC
Bullet SPCX-USD
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
Aster SPCXUSD1
Injective SPCX/USDC PERP
edgeX SPCXUSDC