SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0231%/8h= −25.3% APRnext payment −$0.29 per $10,000 · paid last 24h +0.009%

Price spread now: Deribit against Nado+0.035%7-day average +0.017% · 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−$31as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.034%+$3 on $10k

Price spread, last 3 days (all we have)−0.035%−$4 · spread now +0.035%, 7d avg +0.017%

Together, before fees−0.001%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.034% in total (about 3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 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	Nado SPCX-PERP	152.89	0.0243	pay 0.0030% / 1h	38m 14s	$620K	$841K	20x
Short	Deribit SPCX_USDC-PERPETUAL	152.94	0.0012	get 0.0001% / 1h	38m 14s	$72K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$48.52
Price spread: +0.035% → +0.017%: $1.79
Slippage, 4 orders: −$18.32
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$79.04
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Nado: live order book, 30 min ago; Deribit: live order book, 1 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, 30 min ago	0.33 bp	6.3 bp −$6	20.8 bp −$208	doesn't fit	doesn't fit
Sell Deribit live order book, 1 min ago	5.56 bp	9.7 bp −$10	11.0 bp −$110	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 −0.0345% / S +0.0540%	1h	152.93	+0.026%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.93	+0.029%	$96.2M	$31.2M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+12.843%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.90	+0.009%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.20	+0.205%	$8K	$948K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.93	+0.029%	$1.3M	$1.7M	75x	as long as short
Deribit SPCX_USDC-PERPETUALshort	+0.0012%	1h	152.94	+0.035%	$72K	$1.1M	10x
Aftermath Perps SPCXUSD	+0.0025%	1h	152.95	+0.040%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.92	+0.022%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.89	+0.003%	$2.5M	$7.2M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPCX/USDC PERP	+0.0033%	1h	153.32	+0.284%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.91	+0.016%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.97	+0.055%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0049%	1h	152.95	+0.042%	$1.2M	$6.8M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.92	+0.022%	$500K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.93	+0.029%	$1.7M	$89K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.96	+0.048%	$534K	$406K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.82	−0.043%	$3.2M	$2.6M	10x	as long as short
Bybit SPCXUSDT	+0.0054%	8h	152.96	+0.048%	$30.9M	$42.9M	100x	as long as short
Paradex SPCX-USD-PERP	+0.0079%	8h	152.96	+0.050%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.85	−0.023%	$169K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.89	+0.003%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.05	+0.107%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.99	+0.068%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.95	+0.044%	$89	—	10x	as long as short
BloFin SPCX-USDT	+0.0116%	8h	153.03	+0.094%	$1.9M	$1.4M	75x	as long as short
Bullet SPCX-USD	+0.0123%	1h	152.94	+0.035%	$11K	$190K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0140%	1h	152.93	+0.029%	$142.3M	$119.1M	20x	as long as short
Bitget SPCXUSDT	+0.0190%	8h	152.98	+0.062%	$31.8M	$66.4M	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0193%	8h	152.95	+0.042%	$39.4M	$168.9M	75x	as long as short
Variational Omni SPCX	+0.0211%	8h	152.99	+0.069%	$6.0M	$3.3M	—	as long as short
Binance SPCXUSDT	+0.0222%	8h	152.97	+0.055%	$252.8M	$1.37B	75x	as long as short
Extended SPCX-USD	+0.0224%	1h	152.92	+0.025%	$736K	$3.8M	10x	as long as short
Nado SPCX-PERPlong	+0.0243%	1h	152.89	long leg	$620K	$841K	20x
Coinbase International SPCX-PERP-INTX	+0.0288%	1h	153.14	+0.166%	$728K	$969K	10x	as long as short
Phoenix SPCX	+0.0314%	1h	152.98	+0.062%	$445K	$270K	15x	as long as short
Aster SPCXUSD1	+0.0390%	8h	153.04	+0.103%	$19.0M	$16.6M	20x	as long as short
RISEx SPCX/USDC	+0.0410%	1h	153.00	+0.074%	$408K	$539K	20x	as long as short
edgeX SPCXUSDC	+0.0591%	4h	153.01	+0.082%	$1.7M	$892K	20x	as long as short