Funding you earn now, next payment 08:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.07 per $10,000 · paid last 24h +0.001%
Price spread now: Kraken Futures against Nado+0.024%46s7-day average +0.022% · 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—prices read too far apart to compare
costs, in and out, $10k−$180.178% of the position
Funding, last 4 days (all we have)−0.032%−$3 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.024%, 7d avg +0.022%
=Together, before fees−0.023%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 46 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 | Nado BTC-PERP | 85,327.8 | 0.0083 | pay 0.0010% / 1h | 39m 25s | $24.1M | $220.2M | 50x |
| Short | Kraken Futures PF_XBTUSD | 85,348.5 | 0.0026 | get 0.0003% / 1h | 39m 25s | $185.6M | $952.2M | 100x |
Nado BTC-PERP
Kraken Futures PF_XBTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Nado. 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
- −$11.98
- Price spread: +0.024% → +0.022%
- $0.24
- Slippage, 4 orders
- −$0.84
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$29.58
- Costs to cover
- 0.178%
- Break-even
- never at this rate
Slippage from Nado: live order book, 5 min ago; Kraken Futures: live order book, 5 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 Nado live order book, 5 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.7 bp −$474 | 10.3 bp −$5,130 |
| Sell Kraken Futures live order book, 5 min ago | 0.06 bp | 5.4 bp −$5 | 6.2 bp −$62 | 7.0 bp −$702 | 9.0 bp −$4,498 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,339 | +0.013% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,392 | +0.075% | $2.3M | $10.8M | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0025% | 8h | 85,335.1 | +0.009% | $929.9M | $775.3M | 125x | as long as short |
| BloFin BTC-USDT | −0.0022% | 8h | 85,388.6 | +0.071% | $421.1M | $682.5M | 150x | as long as short |
| Aster BTCUSDT | −0.0005% | 8h | 85,297 | −0.036% | $511.6M | $1.08B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,312.8 | −0.018% | $347K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,349.8 | +0.026% | $466K | $18.3M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0004% | 1h | 85,342.5 | +0.017% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,354.5 | +0.031% | $36.5M | — | 200x | as long as short |
| Kraken Futures PF_XBTUSDshort | +0.0026% | 1h | 85,348.5 | +0.024% | $185.6M | $952.2M | 100x |
Hotstuff BTC-PERP
Phoenix BTC
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni BTCUSDT | +0.0063% | 1h | 85,387.6 | +0.070% | $139.8M | $312.7M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,367 | +0.046% | $338K | $24.6M | 52x | as long as short |
| BingX BTC-USDT | +0.0067% | 8h | 85,299.3 | −0.033% | — | $1.57B | — | as long as short |
| Bybit BTCUSDT | +0.0082% | 8h | 85,290.9 | −0.043% | $5.13B | $9.98B | 150x | as long as short |
| Nado BTC-PERPlong | +0.0083% | 1h | 85,327.8 | long leg | $24.1M | $220.2M | 50x | |
| Bitget BTCUSDT | +0.0092% | 8h | 85,325.7 | −0.002% | $2.97B | $5.18B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0094% | 1h | 85,376.7 | +0.057% | $840.7M | $1.66B | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,322.7 | −0.006% | $168.7M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,322.8 | −0.006% | $23.6M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,307 | −0.024% | $8.4M | $57.4M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,334.8 | +0.008% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0098% | 8h | 85,325 | −0.003% | $5.05B | $5.73B | 500x | as long as short |
| Binance BTCUSDT | +0.0098% | 8h | 85,299.4 | −0.033% | $9.40B | $25.01B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,281 | −0.055% | $271K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,386 | +0.068% | $5.8M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,415 | +0.102% | $3.75B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,338 | +0.012% | $40.0M | $606.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,347.2 | +0.023% | $2.60B | $12.21B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,312 | −0.018% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,311.2 | −0.019% | $4.7M | $96.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,328.8 | +0.001% | $5.52B | $11.04B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,325.9 | −0.002% | $37.2M | $185.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,361.8 | +0.040% | $156.0M | $553.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,384 | +0.066% | $283.1M | $956.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,395.4 | +0.079% | $214.4M | $158.5M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,423 | +0.112% | $30.1M | $210.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,394.9 | +0.079% | — | $10.1M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,328 | 0.000% | $11.0M | $14.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,351.3 | +0.028% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,338.5 | +0.013% | $2.6M | $9.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,371.4 | +0.051% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,320.3 | −0.009% | $29.9M | $45.8M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,335 | +0.008% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,333 | +0.006% | $59.7M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,341.9 | +0.017% | $2.26B | $967.4M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,344.5 | +0.020% | $159.0M | $514.5M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,299.3 | −0.033% | $693.1M | $258.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,274.3 | −0.063% | $45.5M | $241.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,353.5 | +0.030% | — | $105.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,373 | +0.053% | $112.3M | $5.48B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0138% | 1h | 85,320.1 | −0.009% | $6.6M | $146.0M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0173% | 8h | 85,371 | +0.051% | $12.0M | $736.2M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,327.5 | 0.000% | $8.8M | $42.8M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,352.3 | +0.029% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,387.3 | +0.070% | $683K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0298% | 1h | 85,396.7 | +0.081% | $79K | $252K | 20x | as long as short |
ApeX Omni BTCUSDT
Injective BTC/USDC PERP
BingX BTC-USDT
Bybit BTCUSDT
Bitget BTCUSDT
Deribit BTC-PERPETUAL
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
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
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD