Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0070%/8h= −7.6% APRpaid last 24h −0.030%

Price spread now: Variational Omni against Nado+0.030%7-day average +0.013% · you sell dearer than you buy

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

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.059%−$6 on $10k

Price spread, last 7 days−0.038%−$4 · spread now +0.030%, 7d avg +0.013%

Together, before fees−0.097%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SPCX-PERP	152.43	0.0203	pay 0.0025% / 1h	15m 28s	$613K	$802K	20x
Short	Variational Omni SPCX	152.48	0.0134	get 0.0134% / 8h	3h 15m	$6.0M	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.030%Rate

Funding earned: −$14.6
Price spread: +0.030% → +0.013%: $1.68
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.92
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 38 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 38 min ago	0.33 bp	5.7 bp −$6	20.8 bp −$208	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.33 bp	doesn't fit	3.6 bp −$36	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 −0.0265% / S +0.0494%	1h	152.38	−0.032%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.50	+0.044%	$96.3M	$31.6M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.55	+0.077%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.184%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.55	+0.077%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.71	+0.182%	$8K	$920K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.54	+0.070%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0016%	8h	152.54	+0.070%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0024%	8h	152.49	+0.037%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0029%	1h	152.36	−0.045%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.43	−0.002%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.38	−0.035%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.50	+0.044%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.46	+0.018%	$493K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.46	+0.018%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.48	+0.031%	$531K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.22	−0.140%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.51	+0.050%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.52	+0.055%	$101	—	5x	as long as short
Lighter SPCX	+0.0088%	1h	152.47	+0.024%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.40	−0.022%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.35	−0.054%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	−0.041%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.51	+0.050%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.49	+0.034%	$88	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0111%	1h	152.40	−0.022%	$131.3M	$128.3M	20x	as long as short
Variational Omni SPCXshort	+0.0134%	8h	152.48	+0.030%	$6.0M	$2.9M	—
Binance SPCXUSDT	+0.0143%	8h	152.52	+0.056%	$250.6M	$1.36B	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0144%	1h	152.46	+0.018%	$86K	$1.2M	10x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.47	+0.024%	$734K	$4.7M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0147%	8h	152.54	+0.070%	$39.4M	$166.5M	75x	as long as short
Nado SPCX-PERPlong	+0.0203%	1h	152.43	long leg	$613K	$802K	20x
Bullet SPCX-USD	+0.0213%	1h	152.51	+0.051%	$11K	$192K	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.54	+0.071%	$408K	$517K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	+0.005%	$739K	$931K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	152.37	−0.041%	$443K	$264K	15x	as long as short
edgeX SPCXUSDC	+0.0370%	4h	152.46	+0.016%	$1.7M	$893K	20x	as long as short
Aster SPCXUSD1	+0.0417%	8h	152.57	+0.091%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.497%	$9K	$28K	5.5x	as long as short