Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.032%

Price spread now: Gate against Nado+0.058%7-day average −0.023% · 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−$26as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.054%−$5 on $10k

Price spread, last 7 days−0.089%−$9 · spread now +0.058%, 7d avg −0.023%

Together, before fees−0.143%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.081% dearer against Nado than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of −0.023%): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 3 days (−0.054% in total) that is about 4.6 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.054% in total (about -6.5% a year). A funding rate is set anew for every payment. 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	152.10	0.0255	pay 0.0032% / 1h	31m 17s	$670K	$832K	20x
Short	Gate SPCX_USDT	152.19	0	get 0.0000% / 8h	3h 31m	$96.1M	$30.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.058%Rate

Funding earned: −$53.56
Price spread: +0.058% → −0.023%: $8.07
Slippage, 4 orders: −$12.05
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$79.54
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from Nado: live order book, 17 min ago; Gate: live order book, 3 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, 17 min ago	0.33 bp	4.9 bp −$5	23.0 bp −$230	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.99 bp	10.5 bp −$10	17.3 bp −$173	33.9 bp −$3,393	53.4 bp −$26.7K

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 −0.0207% / S +0.0442%	1h	152.19	+0.054%	$88K	—	20x	as long as short
BloFin SPCX-USDT	−0.0007%	8h	152.25	+0.097%	$1.9M	$1.3M	75x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.19	+0.058%	$96.1M	$30.9M	100x
GRVT SPCX_USDT_Perp	0.0000%	8h	172.50	+13.409%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.27	+0.110%	$301K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.45	+0.228%	$8K	$994K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.23	+0.084%	$1.3M	$1.6M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0023%	1h	152.16	+0.038%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.16	+0.038%	$1.6M	$7.1M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.16	+0.038%	$2.5M	$7.5M	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	157.25	+3.384%	$9K	$27K	5.5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.21	+0.071%	—	$956K	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.20	+0.064%	$487K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.19	+0.058%	$1.7M	$80K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.25	+0.097%	$540K	$400K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.08	−0.015%	$3.1M	$2.6M	10x	as long as short
QFEX SPCX-USD	+0.0061%	1h	152.24	+0.090%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0070%	8h	152.24	+0.091%	$100	—	5x	as long as short
OKX SPCX-USDT-SWAP	+0.0074%	8h	152.23	+0.084%	$39.1M	$166.7M	75x	as long as short
Variational Omni SPCX	+0.0076%	8h	152.24	+0.089%	$6.0M	$4.3M	—	as long as short
Bybit SPCXUSDT	+0.0097%	8h	152.24	+0.090%	$30.5M	$41.9M	100x	as long as short
Pacifica SPCX	+0.0100%	1h	152.14	+0.025%	$175K	$137K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.14	+0.025%	$13.0M	$5.1M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.13	+0.018%	$58K	$269K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.28	+0.117%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.25	+0.095%	$88	—	10x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.22	+0.080%	$712K	$3.5M	10x	as long as short
Binance SPCXUSDT	+0.0115%	8h	152.23	+0.081%	$256.2M	$1.37B	75x	as long as short
Aster SPCXUSD1	+0.0128%	8h	152.29	+0.123%	$18.9M	$20.8M	20x	as long as short
tradeXYZ xyz:SPCX	+0.0131%	1h	152.19	+0.058%	$130.2M	$105.3M	20x	as long as short
Bullet SPCX-USD	+0.0191%	1h	152.24	+0.088%	$11K	$190K	10x	as long as short
Nado SPCX-PERPlong	+0.0255%	1h	152.10	long leg	$670K	$832K	20x
Arcus SPCX-USD	+0.0260%	1h	152.18	+0.051%	$105K	$296K	5x	as long as short
Phoenix SPCX	+0.0263%	1h	152.23	+0.084%	$370K	$191K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0264%	1h	152.16	+0.038%	$739K	$964K	10x	as long as short
Bitget SPCXUSDT	+0.0298%	8h	152.25	+0.097%	$29.3M	$64.7M	75x	as long as short
RISEx SPCX/USDC	+0.0358%	1h	152.28	+0.117%	$329K	$493K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0407%	1h	152.23	+0.084%	$70K	$1.0M	10x	as long as short
edgeX SPCXUSDC	+0.0774%	4h	152.25	+0.094%	$1.7M	$894K	20x	as long as short