Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Nado against Bullet−0.016%7-day average −0.001% · 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−$19as in the Price arb table
costs, in and out, $10k−$170.170% of the position
Funding, last 3 days (all we have)+0.009%+$1 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now −0.016%, 7d avg −0.001%
=Together, before fees+0.019%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet BTC-USD | 86,599.6 | 0.0100 | pay 0.0013% / 1h | 0m 07s | $194K | $3.3M | 20x |
| Short | Nado BTC-PERP | 86,585.9 | 0.0100 | get 0.0012% / 1h | 0m 07s | $22.0M | $234.3M | 50x |
Bullet BTC-USD
Nado BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Bullet. 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
- $0
- Price spread: −0.016% → −0.001%
- −$1.51
- Slippage, 4 orders
- −$2.04
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$18.55
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 4 min ago; Nado: live order book, 4 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 Bullet live order book, 4 min ago | 0.17 bp | 4.9 bp −$5 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 5.1 bp −$505 | 11.6 bp −$5,792 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0118% | 1h | 86,570 | −0.034% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,582 | −0.020% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,652 | +0.061% | $333K | $26.9M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,607.2 | +0.009% | $8.4M | $42.8M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,609.7 | +0.012% | $361K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,603.6 | +0.005% | $411K | $22.5M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,612.4 | +0.015% | $37.0M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0015% | 8h | 86,594.7 | −0.006% | $502.3M | $1.15B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0027% | 8h | 86,599.6 | 0.000% | $835.4M | $728.6M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0038% | 1h | 86,595 | −0.005% | $6.6M | $145.6M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0045% | 8h | 86,582.1 | −0.020% | — | $15.3M | — | as long as short |
| Phemex BTCUSDT | +0.0057% | 8h | 86,597 | −0.003% | $152.3M | $479.1M | 150x | as long as short |
| Bitget BTCUSDT | +0.0058% | 8h | 86,593.6 | −0.007% | $2.97B | $5.12B | 150x | as long as short |
| dYdX BTC-USD | +0.0064% | 1h | 86,610.1 | +0.012% | $17.0M | $21.2M | 50x | as long as short |
| MEXC BTC_USDT | +0.0076% | 8h | 86,596.9 | −0.003% | $5.16B | $5.70B | 500x | as long as short |
| Binance BTCUSDT | +0.0076% | 8h | 86,592 | −0.009% | $9.45B | $24.55B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,591.7 | −0.009% | $2.5M | $1.4M | 20x | as long as short |
| Gate BTC_USDT | +0.0083% | 8h | 86,595.3 | −0.005% | $5.88B | $10.83B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,605.1 | +0.006% | $170.1M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,610.7 | +0.013% | $23.8M | $153.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,596 | −0.004% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,578 | −0.025% | $196K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,630.1 | +0.035% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERPshort | +0.0100% | 1h | 86,585.9 | −0.016% | $22.0M | $234.3M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 86,675 | +0.087% | $3.80B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,627.5 | +0.032% | $41.2M | $538.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,595.3 | −0.005% | $5.27B | $9.79B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,606.4 | +0.008% | $2.55B | $12.75B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,605 | +0.006% | $3.9M | $18.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,628.8 | +0.034% | $7.0M | $96.7M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,593.6 | −0.007% | $38.0M | $155.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,554.4 | −0.052% | $157.4M | $568.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,559.4 | −0.046% | $279.6M | $948.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,495.7 | −0.120% | $217.1M | $171.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,582.7 | −0.019% | $141.8M | $323.4M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,546 | −0.062% | $30.7M | $207.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,638.3 | +0.045% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,594 | −0.006% | $11.1M | $14.0M | 50x | as long as short |
| Bullet BTC-USDlong | +0.0100% | 1h | 86,599.6 | long leg | $194K | $3.3M | 20x | |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,591.9 | −0.009% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,746.8 | −0.985% | $139K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,627.4 | +0.032% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,592.2 | −0.008% | $3.4M | $5.3M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,597 | −0.003% | $60.6M | $338.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,592.1 | −0.009% | $2.30B | $969.0M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,452.9 | −0.169% | $572.2M | $12.3M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,580.5 | −0.022% | $45.8M | $225.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,599.3 | 0.000% | — | $100.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,623.9 | +0.028% | $193.6M | $952.8M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,639 | +0.046% | $132.2M | $5.64B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0163% | 1h | 86,568.1 | −0.036% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0176% | 1h | 86,613.4 | +0.016% | $717K | $8.1M | 30x | as long as short |
| Deribit BTC-PERPETUAL | +0.0189% | 1h | 86,641.8 | +0.049% | $911.0M | $1.50B | 50x | as long as short |
| BloFin BTC-USDT | +0.0196% | 8h | 86,600 | +0.001% | $415.5M | $660.3M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0224% | 1h | 86,611.6 | +0.014% | $14.9M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0210% | 8h | 86,626 | +0.031% | $10.4M | $756.0M | 6.4x | as long as short |
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
dYdX BTC-USD
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
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
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Deribit BTC-PERPETUAL
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP