Funding you earn now, next payment 06:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h +0.008%
Price spread now: Nado against ApeX Omni+0.092%7-day average −0.002% · 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−$8as in the Price arb table
costs, in and out, $10k−$180.176% of the position
Funding, last 3 days (all we have)+0.014%+$1 on $10k
+Price spread, last 7 days−0.083%−$8 · spread now +0.092%, 7d avg −0.002%
=Together, before fees−0.069%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.095% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of −0.002%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni BTCUSDT | 85,188.3 | 0.0100 | pay 0.0013% / 1h | 36m 43s | $139.3M | $315.5M | 100x |
| Short | Nado BTC-PERP | 85,267 | 0.0012 | get 0.0002% / 1h | 36m 43s | $24.5M | $222.8M | 50x |
ApeX Omni BTCUSDT
Nado BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against ApeX Omni. 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
- −$18.44
- Price spread: +0.092% → −0.002%
- $9.46
- Slippage, 4 orders
- −$0.6
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$26.58
- Costs to cover
- 0.176%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 2 min ago; Nado: live order book, 2 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 ApeX Omni live order book, 2 min ago | 0.24 bp | 5.2 bp −$5 | 5.4 bp −$54 | 16.3 bp −$1,628 | 40.5 bp −$20.2K |
| Sell Nado live order book, 2 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.6 bp −$464 | 11.1 bp −$5,557 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,245 | +0.067% | $527K | $18.8M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,251 | +0.074% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,260 | +0.084% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0053% | 8h | 85,285.4 | +0.114% | $922.5M | $763.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0036% | 8h | 85,275.9 | +0.103% | $421.2M | $680.0M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 85,273.8 | +0.100% | $383K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0015% | 8h | 85,283.7 | +0.112% | $512.8M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,282.6 | +0.111% | $16.7M | $21.7M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,278.2 | +0.105% | $36.4M | — | 200x | as long as short |
| Nado BTC-PERPshort | +0.0012% | 1h | 85,267 | +0.092% | $24.5M | $222.8M | 50x |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | +0.043% | $338K | $26.8M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,304.8 | +0.137% | $187.2M | $957.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0058% | 1h | 85,283 | +0.111% | $59.7M | $335.9M | 40x | as long as short |
| Bullet BTC-USD | +0.0062% | 1h | 85,262.9 | +0.088% | $205K | $3.3M | 20x | as long as short |
| BingX BTC-USDC | +0.0066% | 8h | 85,278.4 | +0.106% | — | $17.4M | — | as long as short |
| Phemex BTCUSDT | +0.0072% | 8h | 85,280.6 | +0.108% | $149.2M | $503.5M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,280.6 | +0.108% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0083% | 8h | 85,298.3 | +0.129% | $2.95B | $5.17B | 150x | as long as short |
| MEXC BTC_USDT | +0.0084% | 8h | 85,293.4 | +0.123% | $5.06B | $5.69B | 500x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,294.7 | +0.125% | $9.43B | $24.83B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,305.4 | +0.137% | $171.3M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,306.5 | +0.139% | $23.7M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,264 | +0.089% | $8.3M | $55.6M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,317 | +0.151% | $117.3M | $5.33B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,273 | +0.099% | $237K | $8.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,345.7 | +0.185% | $5.6M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,371 | +0.214% | $3.75B | $5.06B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,324.4 | +0.160% | $40.1M | $595.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,292.5 | +0.122% | $5.16B | $9.93B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,308.2 | +0.141% | $2.58B | $12.18B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,310 | +0.143% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,296.8 | +0.127% | $4.6M | $99.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,324.1 | +0.159% | $679.5M | $626.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,294.9 | +0.125% | $5.53B | $10.88B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,276.3 | +0.103% | $36.0M | $174.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,226.6 | +0.045% | $154.6M | $565.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,188.6 | 0.000% | $278.8M | $941.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,191 | +0.003% | $214.1M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDTlong | +0.0100% | 1h | 85,188.3 | long leg | $139.3M | $315.5M | 100x | |
| StandX BTC-USD | +0.0100% | 1h | 85,225.4 | +0.044% | $30.1M | $206.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,323.4 | +0.159% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,262 | +0.086% | $11.0M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,264.8 | +0.090% | $2.4M | $9.1M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,308.5 | +0.141% | $217K | $750K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,247.5 | +0.069% | $30.1M | $50.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,252.8 | +0.076% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,274.2 | +0.101% | $2.26B | $954.3M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,272.7 | +0.099% | $45.4M | $238.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,285.4 | +0.114% | — | $107.0M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0112% | 1h | 85,260.3 | +0.084% | $6.6M | $147.4M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0167% | 1h | 85,337.2 | +0.175% | $872.4M | $1.61B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0174% | 8h | 85,300 | +0.131% | $11.4M | $749.0M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,274.8 | +0.102% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 85,272.5 | +0.099% | $719K | $8.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0224% | 1h | 85,301.3 | +0.133% | $78K | $225K | 20x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,322.7 | +0.158% | $8.7M | $43.1M | 25x | as long as short |
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
SoDEX BTC-USD
Bullet BTC-USD
BingX BTC-USDC
Phemex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
RISEx BTC/USDC