Funding you earn now, next payment 01:00 UTC+0.0077%/8h= +8.4% APRnext payment +$0.10 per $10,000 · paid last 24h +0.022%
Price spread now: Nado against Injective−0.295%49s7-day average −0.022% · 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—prices read too far apart to compare
costs, in and out, $10k−$140.136% of the position
Funding, last 3 days (all we have)+0.101%+$10 on $10k
+Price spread, last 3 days (all we have)+0.292%+$29 · spread now −0.295%, 7d avg −0.022%
=Together, before fees+0.392%+ Points / potential airdropNado: Active · farm board+$39 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.274% cheaper against Injective than usual: you would sell low and buy high (spread −0.295% now, against its 7-day average of −0.022%). If the spread goes back, that is −$27 on $10k: about 12 days of funding at the current rate (+$2 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective BTC/USDC PERP | 86,616 | 0.0023 | pay 0.0003% / 1h | 40m 06s | $333K | $26.9M | 52x |
| Short | Nado BTC-PERP | 86,360.1 | 0.0100 | get 0.0012% / 1h | 40m 06s | $21.9M | $230.1M | 50x |
Injective BTC/USDC PERP
Nado BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Injective. 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
- $16.18
- Price spread: −0.295% → −0.022%
- −$27.39
- Slippage, 4 orders
- −$6.57
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$24.8
- Costs to cover
- 0.136%
- Break-even
- 17.7 days
Slippage from Injective: 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 Injective live order book, 4 min ago | 2.31 bp | 3.0 bp −$3 | 11.2 bp −$112 | 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 | 4.6 bp −$459 | 12.3 bp −$6,142 |
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 | −0.0129% | 1h | 86,448 | −0.194% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,373 | −0.281% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,410.4 | −0.237% | $361K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,409.8 | −0.238% | $479K | $21.9M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,435.4 | −0.209% | $36.9M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0019% | 1h | 86,454.2 | −0.187% | $903.6M | $1.51B | 50x | as long as short |
| dYdX BTC-USD | +0.0019% | 1h | 86,402.9 | −0.246% | $16.9M | $20.5M | 50x | as long as short |
| Aster BTCUSDT | +0.0020% | 8h | 86,419.1 | −0.227% | $501.2M | $1.14B | 200x | as long as short |
| Injective BTC/USDC PERPlong | +0.0023% | 1h | 86,616 | long leg | $333K | $26.9M | 52x | |
| KuCoin XBTUSDTM | +0.0036% | 8h | 86,423.9 | −0.222% | $831.3M | $723.5M | 125x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Deribit BTC-PERPETUAL
dYdX BTC-USD
Aster BTCUSDT
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BTCUSDT | +0.0037% | 8h | 86,415.4 | −0.232% | $153.8M | $475.3M | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0043% | 1h | 86,412.8 | −0.235% | $6.7M | $145.7M | 40x | as long as short |
| BingX BTC-USDC | +0.0049% | 8h | 86,420.9 | −0.225% | — | $15.3M | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,415.1 | −0.232% | $8.3M | $42.6M | 25x | as long as short |
| Bitget BTCUSDT | +0.0062% | 8h | 86,427.9 | −0.217% | $2.97B | $5.05B | 150x | as long as short |
| MEXC BTC_USDT | +0.0078% | 8h | 86,426.5 | −0.219% | $5.13B | $5.68B | 500x | as long as short |
| Binance BTCUSDT | +0.0079% | 8h | 86,426.5 | −0.219% | $9.41B | $24.39B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,400.6 | −0.249% | $2.5M | $1.7M | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,439.5 | −0.204% | $170.3M | $984.2M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,437.7 | −0.206% | $23.7M | $149.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,404 | −0.245% | $8.4M | $52.1M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,379 | −0.274% | $202K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,435.4 | −0.209% | $4.6M | $8.5M | 50x | as long as short |
| Nado BTC-PERPshort | +0.0100% | 1h | 86,360.1 | −0.295% | $21.9M | $230.1M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 86,500 | −0.134% | $3.80B | $5.05B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,407.3 | −0.241% | $40.7M | $546.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,431.6 | −0.213% | $5.26B | $9.70B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,439.9 | −0.203% | $2.57B | $12.55B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,374 | −0.279% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,436.5 | −0.207% | $7.2M | $95.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,429.9 | −0.215% | $5.82B | $10.52B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,427.6 | −0.218% | $37.5M | $156.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,351.7 | −0.305% | $158.4M | $564.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,429.4 | −0.215% | $279.2M | $949.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,468.6 | −0.170% | $217.0M | $165.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,422.4 | −0.224% | $141.5M | $322.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,404 | −0.245% | $30.7M | $208.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,441.1 | −0.202% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,412 | −0.236% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,420 | −0.226% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,422.7 | −0.223% | $2.5M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,456.2 | −0.184% | $144K | $667K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,447.6 | −0.194% | $30.5M | $62.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,350 | −0.307% | $3.4M | $5.2M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,421 | −0.225% | $60.4M | $338.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,400 | −0.249% | $2.29B | $963.6M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,336.3 | −0.323% | $571.6M | $13.0M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,408.6 | −0.239% | $45.9M | $222.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,419.7 | −0.227% | — | $99.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,461.9 | −0.178% | $132.2M | $5.47B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,455.8 | −0.185% | $192.3M | $943.7M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0160% | 1h | 86,468 | −0.171% | $712K | $8.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0165% | 1h | 86,429.2 | −0.216% | $78K | $217K | 20x | as long as short |
| BloFin BTC-USDT | +0.0199% | 8h | 86,354.6 | −0.302% | $414.4M | $649.7M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0217% | 1h | 86,426.2 | −0.219% | $14.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0210% | 8h | 86,409 | −0.239% | $10.1M | $762.2M | 6.4x | as long as short |
Phemex BTCUSDT
Reya BTCRUSDPERP
BingX BTC-USDC
RISEx BTC/USDC
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
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
Gate BTC_USDT
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
Bullet 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
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP