Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h +0.028%

Price spread now: Nado against Variational Omni−0.031%7-day average −0.012% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.057%+$6 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.031%, 7d avg −0.012%

Together, before fees+0.099%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.057%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPCX	153.08	0.0149	pay 0.0149% / 8h	4h 38m	$6.0M	$3.1M	—
Short	Nado SPCX-PERP	153.03	0.0132	get 0.0016% / 1h	38m 58s	$617K	$824K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.031%Rate

Funding earned: −$3.69
Price spread: −0.031% → −0.012%: −$1.89
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$12.58
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; Nado: live order book, 19 min ago. Net counts fees only.

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 Variational Omni RFQ quote, just now	2.35 bp	doesn't fit	3.1 bp −$31	doesn't fit	doesn't fit
Sell Nado live order book, 19 min ago	0.33 bp	6.7 bp −$7	26.6 bp −$266	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 −0.0314% / S +0.0531%	1h	153.06	−0.014%	$91K	—	20x	as long as short
Bybit SPCXUSDT	0.0000%	8h	153.09	+0.009%	$30.8M	$42.9M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	153.07	−0.004%	$96.3M	$31.3M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	153.12	+0.028%	$31.7M	$65.3M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.706%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	153.03	−0.030%	$302K	$3.0M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	153.29	+0.139%	$8K	$937K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	153.04	−0.024%	$73K	$1.2M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	153.14	+0.041%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	153.03	−0.031%	$8K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	153.05	−0.017%	$1.6M	$7.3M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	153.00	−0.050%	$2.5M	$7.2M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	153.02	−0.037%	$105K	$297K	5x	as long as short
BloFin SPCX-USDT	+0.0040%	8h	153.10	+0.015%	$1.9M	$1.4M	75x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	153.10	+0.015%	—	$1.2M	10x	as long as short
QFEX SPCX-USD	+0.0046%	1h	153.05	−0.017%	$1.2M	$6.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	153.05	−0.017%	$499K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	153.07	−0.004%	$1.7M	$95K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	153.09	+0.009%	$533K	$395K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.93	−0.096%	$3.2M	$2.5M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0064%	8h	153.11	+0.023%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0071%	1h	153.04	−0.024%	$141.4M	$119.0M	20x	as long as short
Bullet SPCX-USD	+0.0082%	1h	153.09	+0.012%	$10K	$191K	10x	as long as short
Pacifica SPCX	+0.0100%	1h	152.99	−0.057%	$169K	$130K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.99	−0.057%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	153.12	+0.028%	$59K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	153.09	+0.009%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	153.08	+0.002%	$89	—	10x	as long as short
Nado SPCX-PERPshort	+0.0132%	1h	153.03	−0.031%	$617K	$824K	20x
Variational Omni SPCXlong	+0.0149%	8h	153.08	long leg	$6.0M	$3.1M	—
OKX SPCX-USDT-SWAP	+0.0155%	8h	153.11	+0.022%	$39.5M	$166.9M	75x	as long as short
Extended SPCX-USD	+0.0160%	1h	153.04	−0.024%	$738K	$3.8M	10x	as long as short
Binance SPCXUSDT	+0.0160%	8h	153.08	+0.002%	$252.2M	$1.37B	75x	as long as short
RISEx SPCX/USDC	+0.0191%	1h	153.12	+0.031%	$410K	$530K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	153.04	−0.024%	$738K	$925K	10x	as long as short
Phoenix SPCX	+0.0261%	1h	153.10	+0.015%	$445K	$268K	15x	as long as short
Aster SPCXUSD1	+0.0409%	8h	153.16	+0.053%	$19.0M	$19.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.35	+0.179%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0913%	4h	153.08	+0.003%	$1.7M	$891K	20x	as long as short