Funding you earn now, next payment 02:00 UTC−0.0181%/8h= −19.8% APRpaid last 24h +0.019%
Price spread now: Nado against Kalshi−0.007%7-day average +0.009% · 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−$20as in the Price arb table
costs, in and out, $10k−$180.183% of the position
Funding, last 3 days (all we have)+0.061%+$6 on $10k
+Price spread, last 7 days−0.020%−$2 · spread now −0.007%, 7d avg +0.009%
=Together, before fees+0.042%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.061%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBTCPERP | 85,645 | 0.0212 | pay 0.0212% / 8h | 2h 03m | $10.3M | $765.4M | 6.4x |
| Short | Nado BTC-PERP | 85,638.8 | 0.0031 | get 0.0004% / 1h | 3m 34s | $22.6M | $225.6M | 50x |
Kalshi KXBTCPERP
Nado BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Kalshi. 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
- −$37.91
- Price spread: −0.007% → +0.009%
- −$1.64
- Slippage, 4 orders
- −$1.26
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$57.82
- Costs to cover
- 0.183%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 6 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kalshi live order book, 6 min ago | 0.29 bp | 5.7 bp −$6 | 7.1 bp −$71 | 7.6 bp −$763 | 13.0 bp −$6,490 |
| Sell Nado live order book, 6 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.1 bp −$409 | 10.0 bp −$5,016 |
BTC on 55 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 | −0.0144% | 1h | 85,616 | −0.034% | $2.1M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,647 | +0.002% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,633.2 | −0.014% | $362K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,643.5 | −0.002% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,641 | −0.005% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,682 | +0.043% | $340K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0024% | 8h | 85,631.1 | −0.016% | $516.3M | $1.12B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0025% | 8h | 85,620.1 | −0.029% | $901.3M | $748.9M | 125x | as long as short |
| Nado BTC-PERPshort | +0.0031% | 1h | 85,638.8 | −0.007% | $22.6M | $225.6M | 50x | |
| RISEx BTC/USDC | +0.0044% | 1h | 85,651.3 | +0.007% | $8.4M | $42.2M | 25x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTM
RISEx BTC/USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0056% | 8h | 85,615.9 | −0.034% | — | $17.0M | — | as long as short |
| HTX BTC-USDT | +0.0057% | 8h | 85,617.4 | −0.032% | $2.27B | $936.4M | 200x | as long as short |
| Reya BTCRUSDPERP | +0.0062% | 1h | 85,638.7 | −0.007% | $6.7M | $146.3M | 40x | as long as short |
| Bitget BTCUSDT | +0.0069% | 8h | 85,618.2 | −0.031% | $2.94B | $5.04B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,608.7 | −0.042% | $2.5M | $1.7M | 20x | as long as short |
| SunX BTC-USDT | +0.0081% | 8h | 85,616.6 | −0.033% | $2.9M | $6.6M | 100x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,628.6 | −0.019% | $5.08B | $5.76B | 500x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,628.1 | −0.020% | $9.33B | $23.99B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,638 | −0.008% | $170.4M | $996.5M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,645.1 | 0.000% | $23.9M | $148.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,627 | −0.021% | $8.4M | $51.7M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0097% | 1h | 85,611.5 | −0.039% | $140.0M | $317.0M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,684.7 | +0.046% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,601 | −0.051% | $206K | $7.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,699 | +0.063% | $3.77B | $4.91B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,661.2 | +0.019% | $40.2M | $569.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,632.3 | −0.015% | $5.32B | $9.63B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,629.9 | −0.018% | $2.55B | $12.18B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,623 | −0.026% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,596 | −0.057% | $7.2M | $96.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,631.8 | −0.015% | $5.58B | $10.61B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,614.6 | −0.035% | $35.1M | $167.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,602.8 | −0.049% | $154.0M | $555.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,588.5 | −0.066% | $278.4M | $938.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,608.4 | −0.043% | $214.9M | $162.9M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,627.7 | −0.020% | $30.3M | $210.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,678.2 | +0.039% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,644 | −0.001% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,631.7 | −0.016% | $187K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,617.4 | −0.032% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,664.8 | +0.023% | $197K | $722K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,617.9 | −0.032% | $30.0M | $56.1M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,618 | −0.032% | $59.9M | $336.5M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,614.1 | −0.036% | $150.8M | $480.3M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,593.2 | −0.060% | $605.0M | $283.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,604.5 | −0.047% | $44.1M | $228.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,644.5 | −0.001% | — | $101.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,662.4 | +0.020% | $130.7M | $5.10B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,641.7 | −0.004% | $187.2M | $955.8M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0176% | 1h | 85,644.8 | 0.000% | $682K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0179% | 1h | 85,648.3 | +0.004% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0186% | 1h | 85,635.7 | −0.011% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERPlong | +0.0212% | 8h | 85,645 | long leg | $10.3M | $765.4M | 6.4x | |
| Deribit BTC-PERPETUAL | +0.0256% | 1h | 85,668.1 | +0.027% | $894.9M | $1.53B | 50x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,651.5 | +0.008% | $510K | $19.9M | 6.7x | as long as short |
BingX BTC-USDC
HTX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
Aevo BTC-PERP
SunX BTC-USDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
ApeX Omni BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
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
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SoDEX BTC-USD
Phemex BTCUSDT
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
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Perpl BTC