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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.04 per $10,000 · paid last 24h −0.018%
Price spread now: Nado against Bluefin−0.014%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BluefinShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,784.50.0100pay 0.0013% / 1h53m 46s$21K$24K25x
ShortNado ETH-PERP2,784.10.0066get 0.0008% / 1h53m 46s$14.4M$118.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Bluefin. 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

Funding earned
−$7.04
Price spread: −0.014% → 0.000%
−$1.4
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$22.44
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; Nado: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bluefin no order-book sample—————
Sell Nado live order book, 5 min ago0.18 bp3.7 bp −$43.7 bp −$375.6 bp −$55513.8 bp −$6,915
Bluefin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,784.1−0.014%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,784−0.016%$5.7M$11.9M25xas long as short
ApeX Omni ETHUSDT−0.0131%1h2,779.8−0.167%$8.8M$32.7M100xas long as short
Injective ETH/USDC PERP−0.0088%1h2,782.5−0.071%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,784.3−0.006%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,784.1−0.014%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0003%1h2,780.4−0.146%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,784.4−0.003%$12.8M$45.9M50xas long as short
Phoenix ETH0.0000%1h2,778.7−0.208%$881K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,784.9+0.015%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0015%8h2,783.1−0.050%—$1.21B—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,783.7−0.029%$1.71B$11.91B100xas long as short
Phemex ETHUSDT+0.0022%8h2,784.4−0.003%$271.3M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,784.7+0.007%$12.9M—200xas long as short
Aster ETHUSDT+0.0037%8h2,783.9−0.021%$255.2M$998.5M200xas long as short
Bullet ETH-USD+0.0057%1h2,783.9−0.021%$182K$1.7M20xas long as short
MEXC ETH_USDT+0.0062%8h2,783.1−0.051%$1.60B$2.62B500xas long as short
Aevo ETH-PERP+0.0064%1h2,783.9−0.021%$5.1M$636K20xas long as short
Binance ETHUSDT+0.0064%8h2,783.6−0.032%$6.46B$17.25B150xas long as short
Bitget ETHUSDT+0.0065%8h2,783.7−0.029%$2.11B$3.11B150xas long as short
Nado ETH-PERPshort+0.0066%1h2,784.1−0.014%$14.4M$118.2M50x
Deribit ETH-PERPETUAL+0.0070%1h2,786.3+0.064%$258.8M$222.5M50xas long as short
Gate ETH_USDT+0.0071%8h2,783.3−0.043%$3.31B$9.57B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,785.8+0.047%$60.4M$4.62B50xas long as short
HTX ETH-USDT+0.0089%8h2,784.3−0.006%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0090%8h2,783.8−0.023%$2.52B$4.63B150xas long as short
KuCoin ETHUSDTM+0.0090%8h2,784.1−0.015%$424.3M$739.3M100xas long as short
Vest ETH-PERP+0.0095%1h2,784.1−0.012%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,785.2+0.024%$116.4M$495.0M50xas long as short
Lighter RH ETH+0.0096%1h2,786.4+0.068%$25.4M$120.5M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,783−0.053%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,784.2−0.010%$479K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,785.7+0.044%$3.20B$2.34B25xas long as short
Pacifica ETH+0.0100%1h2,783.7−0.029%$31.3M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,782.5−0.071%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,785.4+0.034%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9−0.235%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,784.4−0.004%$15.1M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,781.4−0.110%$147.6M$336.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,779−0.196%$181.9M$779.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,780.8−0.133%$161.7M$90.3M50xas long as short
StandX ETH-USD+0.0100%1h2,784−0.017%$21.5M$58.3M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,785.2+0.026%$10.8M$7.6M50xas long as short
Bluefin ETH-PERPlong+0.0100%1h2,784.5long leg$21K$24K25x
Derive ETH-PERP+0.0100%1h2,787.2+0.097%$42.9M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,782.7−0.066%$976K$13.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,784.4−0.003%$55.4M$229.0M40xas long as short
Extended ETH-USD+0.0104%1h2,782.7−0.064%$32.7M$77.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,784.6+0.005%—$41.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,785.6+0.040%$86.8M$332.6M100xas long as short
Kalshi KXETHPERP+0.0125%8h2,784.8+0.011%$8.4M$681.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,786.9+0.088%$32.7M$12.0M100xas long as short
BloFin ETH-USDT+0.0182%8h2,783.7−0.028%$285.4M$195.1M150xas long as short
Reya ETHRUSDPERP+0.0197%1h2,784−0.017%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,784.8+0.010%$271K$1.5M20xas long as short