Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.024%

Price spread now: Orderly against Nado+0.032%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Orderly is 0.032% dearer against Nado than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SPCX-PERP	152.24	0.0174	pay 0.0022% / 1h	48m 03s	$627K	$804K	20x
Short	Orderly PERP_SPCX_USDC_mythos	152.29	0.0100	get 0.0100% / 8h	48m 03s	$14K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.032%Rate

Funding earned: −$15.6
Price spread: +0.032% → 0.000%: $3.21
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$25.39
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 55 min ago; Orderly: no order-book sample. Net counts fees only.

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, 55 min ago	0.33 bp	9.3 bp −$9	53.9 bp −$539	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0234% / S +0.0471%	1h	152.22	−0.017%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.31	+0.045%	$96.2M	$31.7M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.35	+0.072%	$31.2M	$66.2M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.325%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.26	+0.012%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.52	+0.183%	$8K	$894K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.31	+0.045%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0012%	8h	152.34	+0.065%	$30.5M	$42.7M	100x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0013%	1h	152.25	+0.006%	$89K	$1.3M	10x	as long as short
BloFin SPCX-USDT	+0.0022%	8h	152.29	+0.032%	$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	+0.0028%	1h	152.20	−0.028%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.27	+0.019%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.25	+0.006%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.20	−0.027%	$103K	$298K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.30	+0.039%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.24	−0.001%	$129.9M	$129.1M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.27	+0.019%	$487K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.27	+0.019%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.31	+0.045%	$530K	$374K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.11	−0.086%	$3.2M	$2.2M	10x	as long as short
QFEX SPCX-USD	+0.0070%	1h	152.27	+0.019%	$1.2M	$5.5M	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.22	−0.014%	$168K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.19	−0.034%	$13.0M	$5.6M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.24	−0.001%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythosshort	+0.0100%	8h	152.29	+0.032%	$14K	$7K	10x
Aevo SPCX-PERP	+0.0104%	1h	152.30	+0.038%	$88	—	10x	as long as short
Paradex SPCX-USD-PERP	+0.0110%	8h	152.30	+0.041%	$101	—	5x	as long as short
Bullet SPCX-USD	+0.0116%	1h	152.31	+0.045%	$11K	$192K	10x	as long as short
Variational Omni SPCX	+0.0128%	8h	152.20	−0.030%	$5.9M	$2.8M	—	as long as short
Binance SPCXUSDT	+0.0141%	8h	152.33	+0.059%	$252.8M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.27	+0.018%	$724K	$3.6M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0153%	8h	152.35	+0.072%	$39.7M	$166.6M	75x	as long as short
Nado SPCX-PERPlong	+0.0174%	1h	152.24	long leg	$627K	$804K	20x
Coinbase International SPCX-PERP-INTX	+0.0240%	1h	152.34	+0.065%	$728K	$938K	10x	as long as short
Phoenix SPCX	+0.0368%	1h	152.23	−0.007%	$443K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0408%	8h	152.44	+0.128%	$18.9M	$28.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.55	+0.203%	$9K	$28K	5.5x	as long as short
RISEx SPCX/USDC	+0.0445%	1h	152.37	+0.081%	$391K	$502K	20x	as long as short
edgeX SPCXUSDC	+0.0522%	4h	152.20	−0.024%	$1.7M	$892K	20x	as long as short