SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0356%/8h= +38.9% APRnext payment +$0.44 per $10,000 · paid last 24h +0.011%

Price spread now: Deribit against Nado+0.084%7-day average +0.017% · 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−$28as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.036%+$4 on $10k

Price spread, last 3 days (all we have)−0.087%−$9 · spread now +0.084%, 7d avg +0.017%

Together, before fees−0.050%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Deribit is 0.067% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.017%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.036% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 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	0.0179	pay 0.0022% / 1h	47m 56s	$601K	$865K	20x
Short	Deribit SPCX_USDC-PERPETUAL	153.09	0.0534	get 0.0067% / 1h	47m 56s	$71K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Nado. 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 NadobpFee DeribitbpOrdersPrice spread, now +0.084%Rate

Funding earned: $74.68
Price spread: +0.084% → +0.017%: $6.66
Slippage, 4 orders: −$20.22
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $47.12
Costs to cover: 0.342%
Break-even: 2.6 days

Slippage from Nado: live order book, 25 min ago; Deribit: 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, 25 min ago	0.33 bp	6.0 bp −$6	22.7 bp −$227	doesn't fit	doesn't fit
Sell Deribit live order book, 1 min ago	6.53 bp	10.0 bp −$10	13.4 bp −$134	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 −0.0296% / S +0.0505%	1h	153.06	+0.068%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.07	+0.071%	$96.6M	$31.1M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.787%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.95	−0.007%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.35	+0.254%	$8K	$962K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.08	+0.078%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.98	+0.013%	$8K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	153.03	+0.045%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.00	+0.025%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.804%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	153.08	+0.078%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.08	+0.078%	$1.7M	$81K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.09	+0.084%	$534K	$415K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.89	−0.047%	$3.2M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.06	+0.064%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0092%	8h	153.11	+0.097%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.99	+0.019%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.95	−0.007%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	+0.104%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.10	+0.091%	$15K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0100%	8h	153.11	+0.095%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.07	+0.074%	$89	—	10x	as long as short
Polymarket Perps SPCX-USD	+0.0116%	1h	153.06	+0.064%	$490K	$1.1M	10x	as long as short
Bybit SPCXUSDT	+0.0152%	8h	153.12	+0.104%	$30.8M	$42.8M	100x	as long as short
Nado SPCX-PERPlong	+0.0179%	1h	152.96	long leg	$601K	$865K	20x
Arcus SPCX-USD	+0.0194%	1h	153.01	+0.032%	$105K	$297K	5x	as long as short
Variational Omni SPCX	+0.0194%	8h	153.06	+0.065%	$6.0M	$3.5M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0203%	8h	153.13	+0.110%	$39.1M	$169.3M	75x	as long as short
Binance SPCXUSDT	+0.0212%	8h	153.11	+0.097%	$252.9M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0216%	1h	153.08	+0.077%	$732K	$3.7M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0295%	1h	153.05	+0.058%	$143.4M	$119.2M	20x	as long as short
Phoenix SPCX	+0.0314%	1h	153.06	+0.064%	$445K	$271K	15x	as long as short
Bullet SPCX-USD	+0.0318%	1h	153.10	+0.091%	$11K	$187K	10x	as long as short
Aster SPCXUSD1	+0.0327%	8h	153.04	+0.052%	$19.0M	$20.2M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.117%	$734K	$971K	10x	as long as short
Bitget SPCXUSDT	+0.0343%	8h	153.13	+0.110%	$31.3M	$66.6M	75x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.10	+0.092%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0475%	4h	153.08	+0.075%	$1.7M	$893K	20x	as long as short
Deribit SPCX_USDC-PERPETUALshort	+0.0534%	1h	153.09	+0.084%	$71K	$1.0M	10x