Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.034%

Price spread now: OKX against Nado+0.048%7-day average +0.013% · 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−$25as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.065%−$6 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.048%, 7d avg +0.013%

Together, before fees−0.095%+ Points / potential airdropNado: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.035% dearer against Nado than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of +0.013%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.5 days. At the pace of the last 4 days (−0.065% in total) that is about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SPCX-PERP	152.27	0.0152	pay 0.0019% / 1h	6m 24s	$631K	$804K	20x
Short	OKX SPCX-USDT-SWAP	152.34	0.0136	get 0.0136% / 8h	6m 24s	$39.7M	$166.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$3.31
Price spread: +0.048% → +0.013%: $3.55
Slippage, 4 orders: −$11.3
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.06
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from Nado: live order book, 32 min ago; OKX: 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, 32 min ago	0.33 bp	7.2 bp −$7	40.2 bp −$402	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.33 bp	5.3 bp −$5	6.8 bp −$68	12.5 bp −$1,252	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	152.22	−0.027%	$90K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.34	+0.048%	$30.5M	$42.8M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.31	+0.029%	$96.3M	$32.0M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.33	+0.042%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.302%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.33	+0.042%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.57	+0.200%	$8K	$888K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.28	+0.009%	$89K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.38	+0.075%	$1.3M	$1.8M	75x	as long as short
BloFin SPCX-USDT	+0.0001%	8h	152.31	+0.029%	$1.9M	$1.2M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0022%	1h	152.24	−0.016%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.28	+0.009%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.27	+0.003%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.23	−0.024%	$102K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	+0.042%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.23	−0.024%	$129.7M	$129.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.26	−0.004%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.29	+0.016%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.29	+0.016%	$529K	$370K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.15	−0.076%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.28	+0.009%	$1.2M	$5.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0074%	8h	152.32	+0.035%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.23	−0.024%	$168K	$119K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.18	−0.057%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.33	+0.042%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.34	+0.048%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.32	+0.038%	$88	—	10x	as long as short
Variational Omni SPCX	+0.0111%	8h	152.30	+0.020%	$5.9M	$2.8M	—	as long as short
Bullet SPCX-USD	+0.0118%	1h	152.33	+0.039%	$11K	$192K	10x	as long as short
Extended SPCX-USD	+0.0120%	1h	152.30	+0.021%	$724K	$5.3M	10x	as long as short
Binance SPCXUSDT	+0.0121%	8h	152.33	+0.040%	$253.3M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAPshort	+0.0136%	8h	152.34	+0.048%	$39.7M	$166.7M	75x
Nado SPCX-PERPlong	+0.0152%	1h	152.27	long leg	$631K	$804K	20x
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.048%	$728K	$930K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.30	+0.022%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0389%	8h	152.42	+0.103%	$18.9M	$30.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.58	+0.206%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.35	+0.058%	$381K	$505K	20x	as long as short
edgeX SPCXUSDC	+0.0590%	4h	152.29	+0.017%	$1.7M	$889K	20x	as long as short