Funding you earn now, next payment 05:00 UTC+0.0203%/8h= +22.3% APRnext payment +$0.25 per $10,000 · paid last 24h +0.034%
Price spread now: Nado against Ondo Perps−0.030%7-day average +0.048% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.012%+$1 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now −0.030%, 7d avg +0.048%
=Together, before fees+0.052%+ Points / potential airdropOndo Perps: Active · Nado: Active · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.079% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.048%). If the spread goes back, that is −$8 on $10k: about 31 hours of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.012% in total) that is about 22 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.012% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SPCX-USD.P | 152.74 | 0.0050 | pay 0.0006% / 1h | 40m 00s | $3.2M | $2.4M | 10x |
| Short | Nado SPCX-PERP | 152.69 | 0.0254 | get 0.0032% / 1h | 40m 00s | $615K | $810K | 20x |
Ondo Perps SPCX-USD.P
Nado SPCX-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $42.72
- Price spread: −0.030% → +0.048%
- −$7.86
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $22.85
- Costs to cover
- 0.120%
- Break-even
- 3.3 days
Slippage unknown: Ondo Perps: no order-book sample; Nado: live order book, 13 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 13 min ago | 0.33 bp | 7.5 bp −$8 | 17.5 bp −$175 | doesn't fit | doesn't fit |
Ondo Perps: 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 −0.0214% / S +0.0456% | 1h | 152.75 | +0.003% | $90K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 152.74 | 0.000% | $96.2M | $31.3M | 100x | as long as short |
| Bitget SPCXUSDT | 0.0000% | 8h | 152.77 | +0.020% | $31.7M | $65.3M | 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 | 152.88 | +0.092% | $301K | $2.9M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.10 | +0.236% | $8K | $929K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 152.90 | +0.105% | $1.3M | $1.7M | 75x | as long as short |
| Bybit SPCXUSDT | +0.0020% | 8h | 152.80 | +0.039% | $30.7M | $42.6M | 100x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.68 | −0.039% | $2.5M | $7.3M | 20x | as long as short |
| Aftermath Perps SPCXUSD | +0.0033% | 1h | 152.79 | +0.031% | $7K | $8K | 10x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
Bitget SPCXUSDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Bybit SPCXUSDT
Lighter RH SPCX
Aftermath Perps SPCXUSDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPCX-USDT | +0.0037% | 8h | 152.88 | +0.092% | $1.9M | $1.3M | 75x | as long as short |
| Arcus SPCX-USD | +0.0040% | 1h | 152.80 | +0.039% | $105K | $297K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 152.76 | +0.013% | — | $1.2M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 152.75 | +0.007% | $1.7M | $97K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 152.73 | −0.007% | $532K | $391K | 50x | as long as short |
| Ondo Perps SPCX-USD.Plong | +0.0050% | 1h | 152.74 | long leg | $3.2M | $2.4M | 10x | |
| QFEX SPCX-USD | +0.0050% | 1h | 152.80 | +0.039% | $1.2M | $5.8M | 10x | as long as short |
| Polymarket Perps SPCX-USD | +0.0057% | 1h | 152.78 | +0.026% | $495K | $1.2M | 10x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.73 | −0.007% | $169K | $121K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.69 | −0.033% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.77 | +0.020% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 152.77 | +0.020% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 152.77 | +0.022% | $89 | — | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0106% | 8h | 152.84 | +0.066% | $101 | — | 5x | as long as short |
| Variational Omni SPCX | +0.0142% | 8h | 152.85 | +0.071% | $6.0M | $2.9M | — | as long as short |
| Binance SPCXUSDT | +0.0157% | 8h | 152.77 | +0.020% | $248.4M | $1.36B | 75x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0160% | 8h | 152.77 | +0.020% | $39.6M | $166.0M | 75x | as long as short |
| Lighter SPCX | +0.0160% | 1h | 152.71 | −0.020% | $1.6M | $7.3M | 20x | as long as short |
| Extended SPCX-USD | +0.0160% | 1h | 152.73 | −0.009% | $738K | $3.8M | 10x | as long as short |
| RISEx SPCX/USDC | +0.0217% | 1h | 152.84 | +0.069% | $409K | $517K | 20x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0248% | 1h | 152.90 | +0.105% | $741K | $939K | 10x | as long as short |
| Nado SPCX-PERPshort | +0.0254% | 1h | 152.69 | −0.030% | $615K | $810K | 20x | |
| Phoenix SPCX | +0.0261% | 1h | 152.85 | +0.072% | $444K | $264K | 15x | as long as short |
| Bullet SPCX-USD | +0.0282% | 1h | 152.77 | +0.020% | $12K | $192K | 10x | as long as short |
| tradeXYZ xyz:SPCX | +0.0285% | 1h | 152.74 | 0.000% | $141.2M | $119.3M | 20x | as long as short |
| Aster SPCXUSD1 | +0.0432% | 8h | 152.87 | +0.086% | $19.0M | $23.3M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0440% | 1h | 153.24 | +0.327% | $9K | $28K | 5.5x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0471% | 1h | 152.73 | −0.007% | $84K | $1.2M | 10x | as long as short |
| edgeX SPCXUSDC | +0.0694% | 4h | 152.87 | +0.085% | $1.7M | $891K | 20x | as long as short |
BloFin SPCX-USDT
Arcus SPCX-USD
Vest SPCX-USD-PERP
SoDEX SPCX-USD
Phemex SPCXUSDT
QFEX SPCX-USD
Polymarket Perps SPCX-USD
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Paradex SPCX-USD-PERP
Variational Omni SPCX
Binance SPCXUSDT
OKX SPCX-USDT-SWAP
Lighter SPCX
Extended SPCX-USD
RISEx SPCX/USDC
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
Bullet SPCX-USD
tradeXYZ xyz:SPCX
Aster SPCXUSD1
Injective SPCX/USDC PERP
Deribit SPCX_USDC-PERPETUAL
edgeX SPCXUSDC