Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h −0.010%

Price spread now: Aster against Nado+0.033%7-day average +0.024% · 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−$24as in the Price arb table

costs, in and out, $10k−$240.245% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.064%−$6 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.033%, 7d avg +0.024%

Together, before fees−0.084%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SPCX-PERP	152.99	0.0162	pay 0.0020% / 1h	51m 31s	$602K	$871K	20x
Short	Aster SPCXUSD1	153.04	0.0323	get 0.0323% / 8h	7h 51m	$19.0M	$21.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.033%Rate

Funding earned: $33.71
Price spread: +0.033% → +0.024%: $0.95
Slippage, 4 orders: −$9.46
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $10.21
Costs to cover: 0.245%
Break-even: 4.9 days

Slippage from Nado: live order book, 22 min ago; Aster: live order book, 2 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, 22 min ago	0.33 bp	6.0 bp −$6	22.7 bp −$227	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	0.33 bp	5.3 bp −$5	10.5 bp −$105	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 −0.0294% / S +0.0504%	1h	153.03	+0.028%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.05	+0.038%	$96.6M	$31.0M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.764%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.97	−0.015%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.31	+0.208%	$8K	$965K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.06	+0.044%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0027%	1h	152.90	−0.058%	$7K	$8K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.01	+0.011%	$2.5M	$7.4M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.783%	$9K	$27K	5.5x	as long as short
Lighter SPCX	+0.0040%	1h	153.04	+0.031%	$1.6M	$7.4M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	153.09	+0.064%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.06	+0.044%	$1.7M	$81K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.98	−0.008%	$535K	$415K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.92	−0.047%	$3.2M	$2.7M	10x	as long as short
Bybit SPCXUSDT	+0.0060%	8h	153.09	+0.064%	$30.8M	$42.8M	100x	as long as short
QFEX SPCX-USD	+0.0063%	1h	153.03	+0.025%	$1.2M	$7.6M	10x	as long as short
BloFin SPCX-USDT	+0.0089%	8h	153.12	+0.083%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.98	−0.008%	$173K	$129K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.96	−0.021%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.01	+0.011%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.08	+0.057%	$15K	$7K	10x	as long as short
Paradex SPCX-USD-PERP	+0.0102%	8h	153.07	+0.052%	$101	—	5x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.03	+0.028%	$89	—	10x	as long as short
Nado SPCX-PERPlong	+0.0162%	1h	152.99	long leg	$602K	$871K	20x
Polymarket Perps SPCX-USD	+0.0190%	1h	153.06	+0.044%	$490K	$1.1M	10x	as long as short
Variational Omni SPCX	+0.0192%	8h	153.05	+0.040%	$6.0M	$3.5M	—	as long as short
Arcus SPCX-USD	+0.0194%	1h	153.00	+0.005%	$105K	$297K	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0201%	8h	153.08	+0.057%	$39.1M	$169.2M	75x	as long as short
Extended SPCX-USD	+0.0208%	1h	153.05	+0.036%	$732K	$3.7M	10x	as long as short
Binance SPCXUSDT	+0.0210%	8h	153.08	+0.058%	$252.8M	$1.38B	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0273%	1h	153.06	+0.044%	$71K	$1.0M	10x	as long as short
Phoenix SPCX	+0.0314%	1h	153.05	+0.038%	$445K	$271K	15x	as long as short
Aster SPCXUSD1short	+0.0323%	8h	153.04	+0.033%	$19.0M	$21.2M	20x
Coinbase International SPCX-PERP-INTX	+0.0328%	1h	153.14	+0.096%	$734K	$971K	10x	as long as short
Bitget SPCXUSDT	+0.0335%	8h	153.09	+0.064%	$31.3M	$66.6M	75x	as long as short
tradeXYZ xyz:SPCX	+0.0351%	1h	153.03	+0.025%	$143.4M	$119.2M	20x	as long as short
Bullet SPCX-USD	+0.0402%	1h	153.10	+0.070%	$11K	$187K	10x	as long as short
RISEx SPCX/USDC	+0.0409%	1h	153.10	+0.072%	$401K	$535K	20x	as long as short
edgeX SPCXUSDC	+0.0475%	4h	153.08	+0.055%	$1.7M	$893K	20x	as long as short