Settings8H · net · $10k
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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h +0.033%
Price spread now: Nado against dYdX+0.013%7-day average +0.010% · 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−$19as in the Price arb table
costs, in and out, $10k−$190.190% of the position
Long on dYdXShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.092%+$9 on $10k
Price spread, last 7 days−0.030%−$3 · spread now +0.013%, 7d avg +0.010%
Together, before fees+0.062%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BTC-USD86,626.4−0.0080get 0.0010% / 1h28m 24s$17.6M$20.5M50x
ShortNado BTC-PERP86,638.10.0100get 0.0012% / 1h28m 24s$21.7M$235.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against dYdX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$37.72
Price spread: +0.013% → +0.010%
$0.39
Slippage, 4 orders
−$2.02
Fee dYdX: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$19.09
Costs to cover
0.190%
Break-even
3.5 days
Slippage from dYdX: live order book, 1 min ago; Nado: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 1 min ago0.46 bp6.0 bp −$611.6 bp −$11615.7 bp −$1,56819.0 bp −$9,500
Sell Nado live order book, 6 min ago0.06 bp3.6 bp −$43.6 bp −$364.4 bp −$44210.0 bp −$5,003

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps BTCUSD−0.0235%1h86,626.70.000%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,651.2+0.029%$428K$24.8M6.7xas long as short
Phoenix BTC−0.0103%1h86,583−0.050%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,628+0.002%$9K$3K50xas long as short
dYdX BTC-USDlong−0.0080%1h86,626.4long leg$17.6M$20.5M50x
01 Exchange BTCUSD0.0000%1h86,655.1+0.033%$362K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,648.8+0.026%$935.2M$1.44B50xas long as short
KuCoin XBTUSDTM+0.0002%8h86,631.2+0.006%$844.1M$704.8M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,647.7+0.025%$36.8M—200xas long as short
Aster BTCUSDT+0.0007%8h86,622.8−0.004%$505.9M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0021%1h86,625.4−0.001%$6.7M$144.4M40xas long as short
BingX BTC-USDT+0.0023%8h86,627.7+0.002%—$1.59B—as long as short
Phemex BTCUSDT+0.0026%8h86,613.5−0.015%$149.7M$471.2M150xas long as short
Bitget BTCUSDT+0.0032%8h86,627.9+0.002%$2.95B$5.07B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,639+0.015%$315K$26.8M52xas long as short
MEXC BTC_USDT+0.0053%8h86,626.50.000%$5.19B$5.67B500xas long as short
Binance BTCUSDT+0.0054%8h86,628.3+0.002%$9.44B$24.30B150xas long as short
Aevo BTC-PERP+0.0056%1h86,613.8−0.015%$2.4M$1.3M20xas long as short
RISEx BTC/USDC+0.0063%1h86,649.7+0.027%$9.1M$42.0M25xas long as short
Gate BTC_USDT+0.0076%8h86,640.2+0.016%$5.86B$10.64B200xas long as short
OKX BTC-USDT-SWAP+0.0076%8h86,652+0.030%$2.56B$12.71B100xas long as short
Bybit BTCUSDT+0.0082%8h86,634.8+0.010%$5.27B$9.67B150xas long as short
Variational Omni BTC+0.0095%8h86,614.5−0.014%$160.3M$564.8M—as long as short
Lighter BTC+0.0096%1h86,655+0.033%$172.1M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,658.4+0.037%$24.0M$153.5M50xas long as short
Popdex BTCUSDT+0.0096%1h86,639+0.015%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,632+0.006%$193K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,690.7+0.074%$4.8M$8.2M50xas long as short
Nado BTC-PERPshort+0.0100%1h86,638.1+0.013%$21.7M$235.5M50x
Hyperliquid BTC+0.0100%1h86,707+0.093%$3.82B$5.13B40xas long as short
Pacifica BTC+0.0100%1h86,670.7+0.051%$40.9M$492.6M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,647+0.024%$3.9M$18.5M25xas long as short
Arcus BTC-USD+0.0100%1h86,710.7+0.097%$7.5M$93.7M40xas long as short
Bulk BTC-USD+0.0100%1h86,577.9−0.056%$571.8M$22.4M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,617.9−0.010%$38.1M$148.4M75xas long as short
edgeX BTCUSDC+0.0100%4h86,587−0.045%$279.7M$950.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,622.1−0.005%$217.5M$187.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,626.60.000%$141.4M$322.8M100xas long as short
StandX BTC-USD+0.0100%1h86,606.5−0.023%$30.8M$205.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,686.9+0.070%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,642+0.018%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,627+0.001%$196K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,630.8+0.005%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,641.5+0.017%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,620.4−0.007%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,612.9−0.016%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,614−0.014%$60.5M$336.4M40xas long as short
HTX BTC-USDT+0.0100%8h86,598.6−0.032%$2.30B$956.9M200xas long as short
Extended BTC-USD+0.0104%1h86,628.2+0.002%$46.4M$227.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,616.1−0.012%—$98.4M500xas long as short
Kraken Futures PF_XBTUSD+0.0117%1h86,656.1+0.034%$188.8M$930.7M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,661.3+0.040%$132.0M$5.86B50xas long as short
Kalshi KXBTCPERP+0.0124%8h86,625−0.002%$9.0M$723.8M6.4xas long as short
BloFin BTC-USDT+0.0174%8h86,596.5−0.035%$417.0M$653.0M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0178% / S −0.0185%1h86,611.9−0.017%$14.9M—200xas long as short
Hibachi BTC/USDT-P+0.0224%1h86,636.4+0.012%$614K$7.1M30xas long as short