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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 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%
Price spread now: Nado against HTX+0.044%7-day average +0.011% · 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−$16as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Long on HTXShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.043%+$4 on $10k
Price spread, last 3 days (all we have)+0.026%+$3 · spread now +0.044%, 7d avg +0.011%
Together, before fees+0.068%+ Points / potential airdropNado: Active · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.033% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT86,549.10.0100pay 0.0100% / 8h2h 35m$2.30B$957.0M200x
ShortNado BTC-PERP86,587.40.0100get 0.0012% / 1h35m 39s$21.6M$235.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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
$0
Price spread: +0.044% → +0.011%
$3.32
Slippage, 4 orders
−$0.13
Fee HTX: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$15.81
Costs to cover
0.191%
Break-even
never at this rate
Slippage from HTX: 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 4 min ago0.01 bp6.0 bp −$66.0 bp −$606.4 bp −$6409.1 bp −$4,563
Sell Nado live order book, 4 min ago0.06 bp3.6 bp −$43.7 bp −$375.1 bp −$51210.4 bp −$5,184

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−0.0225%1h86,599.3+0.058%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,625.6+0.088%$428K$25.0M6.7xas long as short
Phoenix BTC−0.0103%1h86,539−0.012%$2.2M$12.4M40xas long as short
dYdX BTC-USD−0.0088%1h86,624.9+0.088%$17.6M$20.6M50xas long as short
Hotstuff BTC-PERP−0.0080%1h86,514−0.041%$9K$3K50xas long as short
01 Exchange BTCUSD0.0000%1h86,611+0.072%$361K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,584.4+0.041%$935.8M$1.43B50xas long as short
KuCoin XBTUSDTM+0.0001%8h86,598.8+0.057%$844.1M$704.5M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,577+0.032%$36.6M—200xas long as short
Aster BTCUSDT+0.0008%8h86,590.8+0.048%$505.6M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0021%1h86,577.1+0.032%$6.7M$144.3M40xas long as short
BingX BTC-USDC+0.0022%8h86,598.1+0.057%—$15.3M—as long as short
Bitget BTCUSDT+0.0029%8h86,604.1+0.064%$2.94B$5.07B150xas long as short
Phemex BTCUSDT+0.0029%8h86,553.4+0.005%$149.5M$471.0M150xas long as short
Aevo BTC-PERP+0.0048%1h86,552.6+0.004%$2.4M$1.3M20xas long as short
Injective BTC/USDC PERP+0.0049%1h86,732+0.211%$315K$26.8M52xas long as short
MEXC BTC_USDT+0.0051%8h86,603.1+0.062%$5.18B$5.67B500xas long as short
Binance BTCUSDT+0.0052%8h86,595+0.053%$9.43B$24.30B150xas long as short
RISEx BTC/USDC+0.0063%1h86,593.5+0.051%$9.2M$42.0M25xas long as short
Gate BTC_USDT+0.0069%8h86,595.8+0.054%$5.86B$10.62B200xas long as short
OKX BTC-USDT-SWAP+0.0070%8h86,614.6+0.076%$2.56B$12.69B100xas long as short
Bybit BTCUSDT+0.0081%8h86,610.6+0.071%$5.28B$9.67B150xas long as short
Variational Omni BTC+0.0091%8h86,619.6+0.081%$160.0M$567.4M—as long as short
Lighter BTC+0.0096%1h86,618.5+0.080%$172.1M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,624.2+0.087%$24.0M$153.4M50xas long as short
Popdex BTCUSDT+0.0096%1h86,583+0.039%$8.5M$52.1M100xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,681.3+0.153%$4.8M$8.2M50xas long as short
Katana Perps BTC-USD+0.0100%8h86,578+0.033%$195K$6.8M50xas long as short
Nado BTC-PERPshort+0.0100%1h86,587.4+0.044%$21.6M$235.6M50x
Hyperliquid BTC+0.0100%1h86,662+0.130%$3.82B$5.12B40xas long as short
Pacifica BTC+0.0100%1h86,629.1+0.092%$41.3M$490.3M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,608+0.068%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,672.2+0.142%$7.5M$93.6M40xas long as short
Bulk BTC-USD+0.0100%1h86,606.9+0.067%$571.9M$22.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,556.6+0.009%$38.0M$148.4M75xas long as short
edgeX BTCUSDC+0.0100%4h86,571.5+0.026%$279.6M$949.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,620.3+0.082%$217.5M$188.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,631.1+0.095%$141.6M$323.0M100xas long as short
StandX BTC-USD+0.0100%1h86,635.6+0.100%$30.8M$205.6M40xas long as short
Vest BTC-PERP+0.0100%1h86,651.5+0.118%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,584+0.040%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,583.7+0.040%$194K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,572.1+0.027%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,577.3+0.033%$140K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,559.9+0.012%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,591.9+0.049%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,553+0.005%$60.4M$336.4M40xas long as short
HTX BTC-USDTlong+0.0100%8h86,549.1long leg$2.30B$957.0M200x
Extended BTC-USD+0.0104%1h86,555.7+0.008%$46.4M$227.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,602.3+0.061%—$98.3M500xas long as short
Kraken Futures PF_XBTUSD+0.0117%1h86,588.8+0.046%$189.1M$930.4M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,601.8+0.061%$131.7M$5.86B50xas long as short
Kalshi KXBTCPERP+0.0123%8h86,613+0.074%$8.9M$723.3M6.4xas long as short
BloFin BTC-USDT+0.0170%8h86,675.1+0.146%$417.6M$650.6M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0178% / S −0.0185%1h86,587.8+0.045%$14.9M—200xas long as short
Hibachi BTC/USDT-P+0.0224%1h86,686.3+0.159%$615K$7.1M30xas long as short