Funding you earn now, next payment 01:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.17 per $10,000 · paid last 24h +0.033%
Price spread now: Nado against 01 Exchange−0.017%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−$22as in the Price arb table
costs, in and out, $10k−$190.192% of the position
Funding, last 3 days (all we have)+0.091%+$9 on $10k
+Price spread, last 7 days−0.001%$0 · spread now −0.017%, 7d avg +0.009%
=Together, before fees+0.090%+ Points / potential airdropNado: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.026% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.009%). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BTCUSD | 86,328.2 | −0.0040 | get 0.0005% / 1h | 14m 10s | $364K | $2.3M | 50x |
| Short | Nado BTC-PERP | 86,313.9 | 0.0100 | get 0.0012% / 1h | 14m 10s | $22.0M | $226.5M | 50x |
01 Exchange BTCUSD
Nado BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against 01 Exchange. 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
- $29.4
- Price spread: −0.017% → +0.009%
- −$2.58
- Slippage, 4 orders
- −$5.25
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $7.57
- Costs to cover
- 0.192%
- Break-even
- 5.2 days
Slippage from 01 Exchange: live order book, 5 min ago; Nado: 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 01 Exchange live order book, 5 min ago | 0.08 bp | 5.3 bp −$5 | 28.0 bp −$280 | doesn't fit | doesn't fit |
| Sell Nado live order book, 5 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 5.0 bp −$504 | 13.2 bp −$6,587 |
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 | 86,239 | −0.103% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,332 | +0.004% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSDlong | −0.0040% | 1h | 86,328.2 | long leg | $364K | $2.3M | 50x | |
| Bluefin BTC-PERP | −0.0031% | 1h | 86,381.2 | +0.061% | $145K | $667K | 40x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,320 | −0.009% | $538K | $21.2M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,358.7 | +0.035% | $36.9M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,358 | +0.035% | $343K | $26.9M | 52x | as long as short |
| dYdX BTC-USD | +0.0024% | 1h | 86,340.6 | +0.014% | $16.9M | $20.5M | 50x | as long as short |
| Aster BTCUSDT | +0.0033% | 8h | 86,351.5 | +0.027% | $500.7M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0043% | 8h | 86,327.6 | −0.001% | $831.8M | $717.4M | 125x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Bluefin BTC-PERP
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
dYdX BTC-USD
Aster BTCUSDT
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0048% | 1h | 86,332.7 | +0.005% | $6.7M | $145.8M | 40x | as long as short |
| BingX BTC-USDC | +0.0051% | 8h | 86,337.9 | +0.011% | — | $15.3M | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,336.9 | +0.010% | $8.3M | $42.4M | 25x | as long as short |
| Bitget BTCUSDT | +0.0065% | 8h | 86,344.5 | +0.019% | $2.98B | $5.04B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,332.4 | +0.005% | $2.5M | $1.8M | 20x | as long as short |
| SoDEX BTC-USD | +0.0081% | 1h | 86,343 | +0.017% | $60.5M | $338.2M | 40x | as long as short |
| MEXC BTC_USDT | +0.0083% | 8h | 86,361.2 | +0.038% | $5.10B | $5.74B | 500x | as long as short |
| Binance BTCUSDT | +0.0084% | 8h | 86,359.2 | +0.036% | $9.41B | $24.30B | 150x | as long as short |
| Phemex BTCUSDT | +0.0094% | 8h | 86,353 | +0.029% | $155.4M | $473.0M | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,365.5 | +0.043% | $170.0M | $991.6M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,372.7 | +0.052% | $23.7M | $151.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,331 | +0.003% | $8.4M | $52.0M | 100x | as long as short |
| Gate BTC_USDT | +0.0099% | 8h | 86,354.2 | +0.030% | $5.77B | $10.62B | 200x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,302 | −0.030% | $196K | $7.3M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,347.3 | +0.022% | $4.2M | $8.6M | 50x | as long as short |
| Nado BTC-PERPshort | +0.0100% | 1h | 86,313.9 | −0.017% | $22.0M | $226.5M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 86,407 | +0.091% | $3.78B | $4.99B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,355.8 | +0.032% | $40.6M | $558.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,371.8 | +0.050% | $5.26B | $9.64B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,382 | +0.062% | $2.57B | $12.47B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,333 | +0.006% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,344.1 | +0.018% | $7.2M | $94.9M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,145.7 | −0.211% | $580.3M | $59.0M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,292.9 | −0.041% | $35.7M | $160.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,226.1 | −0.118% | $156.7M | $559.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,200.2 | −0.148% | $278.4M | $953.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,212.1 | −0.135% | $216.4M | $165.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,240.1 | −0.102% | $141.3M | $320.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,233.9 | −0.109% | $30.6M | $208.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,365.5 | +0.043% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,340 | +0.014% | $11.1M | $14.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,340.7 | +0.014% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,344.9 | +0.019% | $2.4M | $9.1M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,360.5 | +0.037% | $30.3M | $56.7M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,296.4 | −0.037% | $3.3M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,325 | −0.004% | $2.29B | $958.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,321.3 | −0.008% | $45.9M | $222.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,319.8 | −0.010% | — | $99.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,391.2 | +0.073% | $132.3M | $5.32B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,381.6 | +0.062% | $191.5M | $946.2M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0160% | 1h | 86,317.2 | −0.013% | $713K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0168% | 1h | 86,320.9 | −0.008% | $77K | $217K | 20x | as long as short |
| BloFin BTC-USDT | +0.0204% | 8h | 86,297 | −0.036% | $416.1M | $641.9M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0205% | 8h | 86,354 | +0.030% | $10.6M | $765.7M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0207% / S −0.0222% | 1h | 86,349.4 | +0.025% | $14.5M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0232% | 1h | 86,397.4 | +0.080% | $902.3M | $1.51B | 50x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
RISEx BTC/USDC
Bitget BTCUSDT
Aevo BTC-PERP
SoDEX BTC-USD
MEXC BTC_USDT
Binance BTCUSDT
Phemex BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Gate BTC_USDT
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
Bulk BTC-USD
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
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
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
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL