Funding you earn now, next payment 01:00 UTC+0.0192%/8h= +21.0% APRnext payment +$0.24 per $10,000 · paid last 24h +0.033%
Price spread now: Nado against QFEX−0.034%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Funding, last 3 days (all we have)+0.058%+$6 on $10k
+Price spread, last 7 days+0.052%+$5 · spread now −0.034%, 7d avg +0.029%
=Together, before fees+0.110%+ Points / potential airdropNado: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.063% cheaper against QFEX than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.029%). If the spread goes back, that is −$6 on $10k: about 26 hours of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.058% in total) that is about 3.5 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.058% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 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 | QFEX SPCX-USD | 153.01 | 0.0049 | pay 0.0006% / 1h | 58m 00s | $1.2M | $7.1M | 10x |
| Short | Nado SPCX-PERP | 152.96 | 0.0241 | get 0.0030% / 1h | 58m 00s | $620K | $847K | 20x |
QFEX SPCX-USD
Nado SPCX-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against QFEX. 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
- $40.32
- Price spread: −0.034% → +0.029%
- −$6.28
- Slippage, 4 orders
- −$10.56
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $6.49
- Costs to cover
- 0.276%
- Break-even
- 5.9 days
Slippage from QFEX: live order book, 11 min ago; Nado: live order book, 10 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 QFEX live order book, 11 min ago | 2.29 bp | 7.3 bp −$7 | 8.2 bp −$82 | doesn't fit | doesn't fit |
| Sell Nado live order book, 10 min ago | 0.33 bp | 6.6 bp −$7 | 16.5 bp −$165 | 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 −0.0333% / S +0.0531% | 1h | 153.01 | +0.003% | $88K | — | 20x | as long as short |
| Gate SPCX_USDT | 0.0000% | 8h | 153.00 | −0.007% | $96.3M | $31.1M | 100x | as long as short |
| GRVT SPCX_USDT_Perp | 0.0000% | 8h | 172.52 | +12.754% | $4K | $882 | 10x | as long as short |
| StandX SPCX-USD | 0.0000% | 1h | 152.97 | −0.026% | $302K | $3.1M | 20x | as long as short |
| SunX SPCX-USDT | 0.0000% | 8h | 153.34 | +0.216% | $8K | $950K | 10x | as long as short |
| HTX SPCX-USDT | 0.0000% | 8h | 153.04 | +0.020% | $1.3M | $1.7M | 75x | as long as short |
| Aftermath Perps SPCXUSD | +0.0025% | 1h | 153.01 | +0.002% | $8K | $8K | 10x | as long as short |
| Lighter SPCX | +0.0032% | 1h | 152.95 | −0.039% | $1.6M | $7.2M | 20x | as long as short |
| Lighter RH SPCX | +0.0032% | 1h | 152.93 | −0.052% | $2.5M | $7.2M | 20x | as long as short |
| Injective SPCX/USDC PERP | +0.0033% | 1h | 157.25 | +2.771% | $9K | $27K | 5.5x | as long as short |
GMX SPCX/USD [ETH-USDC]
Gate SPCX_USDT
GRVT SPCX_USDT_Perp
StandX SPCX-USD
SunX SPCX-USDT
HTX SPCX-USDT
Aftermath Perps SPCXUSD
Lighter SPCX
Lighter RH SPCX
Injective SPCX/USDC PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPCX-USD | +0.0040% | 1h | 153.00 | −0.007% | $105K | $297K | 5x | as long as short |
| Vest SPCX-USD-PERP | +0.0046% | 1h | 153.04 | +0.020% | — | $1.2M | 10x | as long as short |
| QFEX SPCX-USDlong | +0.0049% | 1h | 153.01 | long leg | $1.2M | $7.1M | 10x | |
| Polymarket Perps SPCX-USD | +0.0050% | 1h | 153.01 | 0.000% | $489K | $1.1M | 10x | as long as short |
| SoDEX SPCX-USD | +0.0050% | 1h | 153.01 | 0.000% | $1.7M | $87K | 20x | as long as short |
| Phemex SPCXUSDT | +0.0050% | 8h | 153.04 | +0.020% | $534K | $404K | 50x | as long as short |
| Ondo Perps SPCX-USD.P | +0.0050% | 1h | 152.92 | −0.059% | $3.2M | $2.6M | 10x | as long as short |
| Deribit SPCX_USDC-PERPETUAL | +0.0077% | 1h | 152.97 | −0.026% | $72K | $1.1M | 10x | as long as short |
| Paradex SPCX-USD-PERP | +0.0087% | 8h | 153.05 | +0.024% | $101 | — | 5x | as long as short |
| Pacifica SPCX | +0.0100% | 1h | 152.95 | −0.039% | $169K | $133K | 10x | as long as short |
| KuCoin SPCXUSDTM | +0.0100% | 8h | 152.94 | −0.046% | $13.0M | $5.5M | 20x | as long as short |
| ApeX Omni SPCXUSDT | +0.0100% | 1h | 152.94 | −0.046% | $58K | $271K | 50x | as long as short |
| Orderly PERP_SPCX_USDC_mythos | +0.0100% | 8h | 153.06 | +0.033% | $15K | $7K | 10x | as long as short |
| Aevo SPCX-PERP | +0.0104% | 1h | 153.05 | +0.023% | $89 | — | 10x | as long as short |
| Bullet SPCX-USD | +0.0110% | 1h | 153.06 | +0.030% | $11K | $189K | 10x | as long as short |
| Bybit SPCXUSDT | +0.0113% | 8h | 153.02 | +0.007% | $30.8M | $42.8M | 100x | as long as short |
| BloFin SPCX-USDT | +0.0121% | 8h | 153.09 | +0.052% | $1.9M | $1.4M | 75x | as long as short |
| tradeXYZ xyz:SPCX | +0.0168% | 1h | 152.99 | −0.013% | $142.7M | $119.5M | 20x | as long as short |
| OKX SPCX-USDT-SWAP | +0.0210% | 8h | 153.04 | +0.020% | $39.3M | $168.7M | 75x | as long as short |
| Variational Omni SPCX | +0.0226% | 8h | 153.02 | +0.005% | $6.0M | $3.5M | — | as long as short |
| Binance SPCXUSDT | +0.0240% | 8h | 153.02 | +0.009% | $252.6M | $1.37B | 75x | as long as short |
| Extended SPCX-USD | +0.0240% | 1h | 152.99 | −0.013% | $734K | $3.8M | 10x | as long as short |
| Nado SPCX-PERPshort | +0.0241% | 1h | 152.96 | −0.034% | $620K | $847K | 20x | |
| Bitget SPCXUSDT | +0.0271% | 8h | 153.06 | +0.033% | $31.7M | $66.6M | 75x | as long as short |
| Coinbase International SPCX-PERP-INTX | +0.0288% | 1h | 153.14 | +0.085% | $728K | $986K | 10x | as long as short |
| Phoenix SPCX | +0.0314% | 1h | 153.06 | +0.033% | $445K | $270K | 15x | as long as short |
| Aster SPCXUSD1 | +0.0390% | 8h | 153.13 | +0.077% | $19.0M | $18.0M | 20x | as long as short |
| RISEx SPCX/USDC | +0.0410% | 1h | 153.09 | +0.049% | $408K | $539K | 20x | as long as short |
| edgeX SPCXUSDC | +0.0877% | 4h | 153.03 | +0.016% | $1.7M | $894K | 20x | as long as short |
Arcus SPCX-USD
Vest SPCX-USD-PERP
Polymarket Perps SPCX-USD
SoDEX SPCX-USD
Phemex SPCXUSDT
Ondo Perps SPCX-USD.P
Deribit SPCX_USDC-PERPETUAL
Paradex SPCX-USD-PERP
Pacifica SPCX
KuCoin SPCXUSDTM
ApeX Omni SPCXUSDT
Orderly PERP_SPCX_USDC_mythos
Aevo SPCX-PERP
Bullet SPCX-USD
Bybit SPCXUSDT
BloFin SPCX-USDT
tradeXYZ xyz:SPCX
OKX SPCX-USDT-SWAP
Variational Omni SPCX
Binance SPCXUSDT
Extended SPCX-USD
Bitget SPCXUSDT
Coinbase International SPCX-PERP-INTX
Phoenix SPCX
Aster SPCXUSD1
RISEx SPCX/USDC
edgeX SPCXUSDC