BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Nado+0.031%7-day average +0.017% · 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−$14as in the Price arb table

costs, in and out, $10k−$150.152% of the position

Long on Nado Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.089%−$9 on $10k

Price spread, last 3 days (all we have)+0.032%+$3 · spread now +0.031%, 7d avg +0.017%

Together, before fees−0.057%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BTC-PERP	86,510.1	0.0100	pay 0.0012% / 1h	48m 49s	$21.8M	$234.5M	50x
Short	gTrade (Gains Network) BTC/USD	86,537	L +0.0005% / S −0.0004%	get 0.0001% / 1h	48m 49s	$36.9M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.031%Rate

Funding earned: −$20.06
Price spread: +0.031% → +0.017%: $1.44
Slippage, 4 orders: −$1.16
Fee Nado: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$33.77
Costs to cover: 0.152%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), just now.

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 Nado live order book, 5 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	4.9 bp −$488	12.8 bp −$6,415
Sell gTrade (Gains Network) virtual book (oracle venue), just now	0.51 bp	4.0 bp −$4	4.1 bp −$41	4.5 bp −$446	6.4 bp −$3,184

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	86,505	−0.006%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,514	+0.005%	$9K	$3K	50x	as long as short
Injective BTC/USDC PERP	−0.0035%	1h	86,601	+0.105%	$333K	$26.8M	52x	as long as short
RISEx BTC/USDC	−0.0024%	1h	86,523.5	+0.016%	$8.3M	$42.9M	25x	as long as short
01 Exchange BTCUSD	−0.0024%	1h	86,526.3	+0.019%	$358K	$2.5M	50x	as long as short
Aster BTCUSDT	−0.0002%	8h	86,578	+0.079%	$502.6M	$1.15B	200x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,546.7	+0.042%	$916.5M	$1.49B	50x	as long as short
gTrade (Gains Network) BTC/USDshort	L +0.0005% / S −0.0004%	1h	86,537	+0.031%	$36.9M	—	200x
KuCoin XBTUSDTM	+0.0010%	8h	86,564.4	+0.063%	$850.5M	$714.4M	125x	as long as short
Reya BTCRUSDPERP	+0.0025%	1h	86,510.6	+0.001%	$6.7M	$145.3M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BTC-USD	+0.0037%	1h	86,542.1	+0.037%	$17.0M	$21.1M	50x	as long as short
BingX BTC-USDC	+0.0041%	8h	86,578.5	+0.079%	—	$15.4M	—	as long as short
Phemex BTCUSDT	+0.0044%	8h	86,523.6	+0.016%	$149.8M	$479.6M	150x	as long as short
Bitget BTCUSDT	+0.0052%	8h	86,570.8	+0.070%	$2.96B	$5.12B	150x	as long as short
MEXC BTC_USDT	+0.0071%	8h	86,571.2	+0.071%	$5.16B	$5.63B	500x	as long as short
Binance BTCUSDT	+0.0072%	8h	86,589.7	+0.092%	$9.43B	$24.54B	150x	as long as short
Aevo BTC-PERP	+0.0072%	1h	86,513.1	+0.003%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0082%	8h	86,592.9	+0.096%	$5.88B	$10.72B	200x	as long as short
Lighter BTC	+0.0096%	1h	86,528.1	+0.021%	$170.3M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,538.1	+0.032%	$24.1M	$151.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,510	0.000%	$8.5M	$52.5M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,492	−0.021%	$205K	$7.0M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,540	+0.035%	$4.8M	$8.6M	50x	as long as short
Nado BTC-PERPlong	+0.0100%	1h	86,510.1	long leg	$21.8M	$234.5M	50x
Hyperliquid BTC	+0.0100%	1h	86,592	+0.095%	$3.79B	$5.11B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,552.9	+0.049%	$40.8M	$524.0M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	86,592.7	+0.096%	$5.27B	$9.81B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,596.2	+0.100%	$2.55B	$12.75B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,526	+0.018%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,548.6	+0.045%	$7.6M	$95.0M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,560.7	+0.059%	$572.5M	$17.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,514	+0.005%	$38.0M	$155.0M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,524.8	+0.017%	$155.3M	$568.2M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,541.9	+0.037%	$279.6M	$945.9M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,542.5	+0.038%	$217.3M	$172.2M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,541.7	+0.037%	$141.4M	$323.6M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,538.5	+0.033%	$30.7M	$204.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,566.4	+0.065%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,513	+0.003%	$11.1M	$13.8M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,515	+0.006%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,500.7	−0.011%	$2.4M	$8.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,523.4	+0.015%	$140K	$663K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,541.1	+0.036%	$30.6M	$62.5M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,501.6	−0.010%	$3.4M	$5.4M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,513	+0.003%	$60.5M	$337.6M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,498.4	−0.013%	$2.30B	$969.6M	200x	as long as short
Aftermath Perps BTCUSD	+0.0103%	1h	86,546.4	+0.042%	$79K	$220K	20x	as long as short
Extended BTC-USD	+0.0104%	1h	86,555.6	+0.053%	$45.4M	$226.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,537.6	+0.032%	—	$99.1M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0110%	1h	86,554.1	+0.051%	$193.5M	$951.0M	100x	as long as short
Perpl BTC	+0.0112%	43m	86,540.8	+0.036%	$416K	$23.3M	6.7x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,570.9	+0.070%	$132.6M	$5.68B	50x	as long as short
Hibachi BTC/USDT-P	+0.0176%	1h	86,578.4	+0.079%	$722K	$8.0M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0191% / S −0.0214%	1h	86,533.8	+0.027%	$15.1M	—	200x	as long as short
BloFin BTC-USDT	+0.0192%	8h	86,519.3	+0.011%	$414.3M	$658.1M	150x	as long as short
Kalshi KXBTCPERP	+0.0205%	8h	86,546	+0.042%	$9.8M	$740.8M	6.4x	as long as short