Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.015%

Price spread now: KuCoin against Nado−0.013%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 7 days−0.083%−$8 · spread now −0.013%, 7d avg −0.039%

Together, before fees−0.100%+ Points / potential airdropNado: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.026% dearer against Nado than usual: you sell high and buy low (spread −0.013% now, against its 7-day average of −0.039%): +$3 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. At the pace of the last 3 days (−0.017% in total) that is about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SPCX-PERP	152.89	0.0213	pay 0.0027% / 1h	25m 19s	$622K	$830K	20x
Short	KuCoin SPCXUSDTM	152.87	0.0100	get 0.0100% / 8h	5h 25m	$13.0M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$23.8
Price spread: −0.013% → −0.039%: $2.56
Slippage, 4 orders: −$24.86
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$65.1
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from Nado: live order book, 38 min ago; KuCoin: live order book, 3 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, 38 min ago	0.33 bp	7.5 bp −$7	49.3 bp −$493	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.65 bp	9.4 bp −$9	29.5 bp −$295	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	152.97	+0.049%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.97	+0.052%	$96.1M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.03	+0.091%	$31.7M	$65.7M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.842%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.91	+0.013%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.22	+0.216%	$8K	$939K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.03	+0.091%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0026%	1h	152.97	+0.052%	$8K	$8K	10x	as long as short
Bybit SPCXUSDT	+0.0028%	8h	153.00	+0.072%	$30.8M	$42.8M	100x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.93	+0.026%	$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
Lighter SPCX	+0.0040%	1h	152.96	+0.045%	$1.6M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.93	+0.026%	$105K	$297K	5x	as long as short
edgeX SPCXUSDC	+0.0041%	4h	152.97	+0.055%	$1.7M	$891K	20x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	+0.052%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0048%	1h	152.98	+0.059%	$1.2M	$6.5M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.97	+0.052%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.98	+0.059%	$1.7M	$93K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.96	+0.045%	$534K	$400K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.88	−0.007%	$3.2M	$2.5M	10x	as long as short
BloFin SPCX-USDT	+0.0066%	8h	153.00	+0.072%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0073%	8h	153.02	+0.082%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.91	+0.013%	$169K	$129K	10x	as long as short
KuCoin SPCXUSDTMshort	+0.0100%	8h	152.87	−0.013%	$13.0M	$5.4M	20x
ApeX Omni SPCXUSDT	+0.0100%	1h	152.93	+0.026%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.03	+0.091%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.99	+0.067%	$89	—	10x	as long as short
Bullet SPCX-USD	+0.0156%	1h	153.00	+0.073%	$11K	$190K	10x	as long as short
Variational Omni SPCX	+0.0171%	8h	152.97	+0.054%	$6.0M	$3.1M	—	as long as short
OKX SPCX-USDT-SWAP	+0.0177%	8h	153.01	+0.078%	$39.5M	$167.6M	75x	as long as short
Extended SPCX-USD	+0.0184%	1h	152.97	+0.050%	$734K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0186%	8h	153.00	+0.072%	$252.4M	$1.37B	75x	as long as short
tradeXYZ xyz:SPCX	+0.0189%	1h	152.96	+0.045%	$142.0M	$119.4M	20x	as long as short
RISEx SPCX/USDC	+0.0199%	1h	153.04	+0.096%	$408K	$549K	20x	as long as short
Nado SPCX-PERPlong	+0.0213%	1h	152.89	long leg	$622K	$830K	20x
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.01	+0.078%	$738K	$980K	10x	as long as short
Phoenix SPCX	+0.0262%	1h	153.02	+0.085%	$445K	$267K	15x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	152.97	+0.052%	$73K	$1.2M	10x	as long as short
Aster SPCXUSD1	+0.0408%	8h	153.09	+0.131%	$19.0M	$17.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.28	+0.255%	$9K	$27K	5.5x	as long as short