Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0101%/8h= −11.0% APRpaid last 24h −0.039%

Price spread now: OKX against Nado+0.093%7-day average +0.009% · 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−$17as in the Price arb table

costs, in and out, $10k−$250.250% of the position

Long on Nado Short on OKX

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−0.119%−$12 · spread now +0.093%, 7d avg +0.009%

Together, before fees−0.183%+ Points / potential airdropNado: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.084% dearer against Nado than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of +0.009%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SPCX-PERP	152.75	0.0297	pay 0.0037% / 1h	14m 21s	$601K	$885K	20x
Short	OKX SPCX-USDT-SWAP	152.89	0.0196	get 0.0196% / 8h	14m 21s	$38.9M	$169.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$21.17
Price spread: +0.093% → +0.009%: $8.42
Slippage, 4 orders: −$8.01
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$37.76
Costs to cover: 0.250%
Break-even: never at this rate

Slippage from Nado: live order book, 64 min ago; OKX: live order book, 5 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, 64 min ago	0.33 bp	5.5 bp −$6	23.0 bp −$230	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.33 bp	5.3 bp −$5	6.2 bp −$62	11.9 bp −$1,190	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 −0.0280% / S +0.0494%	1h	152.82	+0.050%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.85	+0.067%	$96.6M	$31.5M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.941%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.81	+0.040%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.07	+0.211%	$8K	$972K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.85	+0.067%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0030%	1h	152.83	+0.054%	$7K	$10K	10x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.80	+0.034%	$2.5M	$7.6M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.947%	$9K	$27K	5.5x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.81	+0.040%	$105K	$297K	5x	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	152.83	+0.054%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.83	+0.054%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.87	+0.080%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.79	+0.027%	$534K	$411K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.75	+0.001%	$3.2M	$2.8M	10x	as long as short
QFEX SPCX-USD	+0.0052%	1h	152.84	+0.060%	$1.2M	$7.7M	10x	as long as short
BloFin SPCX-USDT	+0.0079%	8h	152.88	+0.086%	$1.9M	$1.4M	75x	as long as short
Paradex SPCX-USD-PERP	+0.0095%	8h	152.87	+0.082%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.76	+0.008%	$173K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.75	+0.001%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.96	+0.139%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.86	+0.073%	$15K	$7K	10x	as long as short
Lighter SPCX	+0.0104%	1h	152.85	+0.067%	$1.6M	$7.5M	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.89	+0.091%	$89	—	10x	as long as short
Bybit SPCXUSDT	+0.0153%	8h	152.88	+0.086%	$30.7M	$42.8M	100x	as long as short
Bullet SPCX-USD	+0.0155%	1h	152.88	+0.087%	$12K	$188K	10x	as long as short
Variational Omni SPCX	+0.0178%	8h	152.85	+0.068%	$6.0M	$3.4M	—	as long as short
OKX SPCX-USDT-SWAPshort	+0.0196%	8h	152.89	+0.093%	$38.9M	$169.4M	75x
Binance SPCXUSDT	+0.0200%	8h	152.89	+0.093%	$252.7M	$1.39B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.86	+0.073%	$734K	$3.6M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0251%	1h	152.83	+0.054%	$143.4M	$119.4M	20x	as long as short
Phoenix SPCX	+0.0261%	1h	152.90	+0.099%	$445K	$269K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.97	+0.145%	$733K	$970K	10x	as long as short
Nado SPCX-PERPlong	+0.0297%	1h	152.75	long leg	$601K	$885K	20x
Aster SPCXUSD1	+0.0299%	8h	152.95	+0.129%	$19.0M	$21.3M	20x	as long as short
Bitget SPCXUSDT	+0.0312%	8h	152.89	+0.093%	$31.2M	$67.1M	75x	as long as short
RISEx SPCX/USDC	+0.0339%	1h	152.92	+0.113%	$403K	$539K	20x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0470%	1h	152.85	+0.067%	$71K	$1.0M	10x	as long as short
edgeX SPCXUSDC	+0.0970%	4h	152.89	+0.095%	$1.7M	$893K	20x	as long as short