Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0098%/8h= −10.8% APRpaid last 24h −0.051%

Price spread now: HTX against Nado+0.051%7-day average +0.028% · 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−$30as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.080%−$8 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.051%, 7d avg +0.028%

Together, before fees−0.134%+ Points / potential airdropNado: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.023% dearer against Nado than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.028%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SPCX-PERP	152.74	0.0098	pay 0.0012% / 1h	8m 54s	$613K	$801K	20x
Short	HTX SPCX-USDT	152.82	0	get 0.0000% / 8h	2h 08m	$1.3M	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$20.63
Price spread: +0.051% → +0.028%: $2.25
Slippage, 4 orders: −$13.37
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$50.75
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Nado: live order book, 39 min ago; HTX: live order book, 5 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, 39 min ago	0.33 bp	6.6 bp −$7	28.3 bp −$283	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	1.64 bp	9.9 bp −$10	12.1 bp −$121	17.2 bp −$1,720	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	152.69	−0.031%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0018%	8h	152.68	−0.041%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.74	−0.002%	$30.7M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.73	−0.008%	$96.2M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.76	+0.011%	$31.2M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.956%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.80	+0.037%	$301K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.87	+0.083%	$8K	$898K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.70	−0.028%	$88K	$1.3M	10x	as long as short
HTX SPCX-USDTshort	0.0000%	8h	152.82	+0.051%	$1.3M	$1.8M	75x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0017%	1h	152.60	−0.091%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.66	−0.054%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.66	−0.054%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.65	−0.061%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.73	−0.008%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.79	+0.031%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.63	−0.074%	$130.2M	$129.0M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.72	−0.015%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.70	−0.028%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.74	−0.002%	$531K	$385K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.60	−0.093%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.79	+0.034%	$101	—	5x	as long as short
Variational Omni SPCX	+0.0089%	8h	152.72	−0.016%	$6.0M	$2.8M	—	as long as short
Nado SPCX-PERPlong	+0.0098%	1h	152.74	long leg	$613K	$801K	20x
Pacifica SPCX	+0.0100%	1h	152.69	−0.035%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.61	−0.087%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.69	−0.035%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.76	+0.011%	$15K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0102%	8h	152.72	−0.015%	$250.5M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.69	−0.032%	$731K	$4.6M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.76	+0.012%	$89	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0115%	8h	152.77	+0.018%	$39.6M	$166.8M	75x	as long as short
Bullet SPCX-USD	+0.0128%	1h	152.78	+0.025%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.80	+0.037%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.70	−0.028%	$731K	$938K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.78	+0.024%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0359%	8h	152.74	−0.001%	$18.9M	$24.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	−0.028%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0483%	4h	152.72	−0.017%	$1.7M	$891K	20x	as long as short