ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.026%

Price spread now: Nado against GMX−0.033%7-day average −0.032% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%−$1 on $10k

Price spread, last 3 days (all we have)−0.043%−$4 · spread now −0.033%, 7d avg −0.032%

Together, before fees−0.048%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ETH/USD [ETH-USDC]	2,773.2	L +0.0027% / S +0.0009%	pay 0.0003% / 1h	11m 40s	$12.9M	—	200x
Short	Nado ETH-PERP	2,772.3	0.0060	get 0.0007% / 1h	11m 40s	$14.2M	$118.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against GMX. 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 GMXbpFee NadobpOrdersPrice spread, now −0.033%Rate

Funding earned: $6.97
Price spread: −0.033% → −0.032%: −$0.05
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$12.08
Costs to cover: 0.190%
Break-even: 19.1 days

Slippage unknown: GMX: no order-book sample; Nado: live order book, 3 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Nado live order book, 3 min ago	0.18 bp	3.7 bp −$4	3.7 bp −$37	4.9 bp −$488	13.5 bp −$6,766

GMX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,772.9	−0.011%	$287K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,772.4	−0.030%	$5.7M	$11.8M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,773.1	−0.005%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,779.6	+0.230%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,772.9	−0.012%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0002%	1h	2,775.7	+0.088%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,772.4	−0.029%	$12.7M	$45.6M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,775.9	+0.096%	$885K	$3.7M	25x	as long as short
Deribit ETH-PERPETUAL	+0.0002%	1h	2,774	+0.027%	$258.5M	$222.4M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,773.4	+0.005%	$22.4M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0015%	8h	2,770.4	−0.103%	—	$17.4M	—	as long as short
OKX ETH-USDT-SWAP	+0.0018%	8h	2,770.7	−0.092%	$1.70B	$11.84B	100x	as long as short
Phemex ETHUSDT	+0.0024%	8h	2,772.5	−0.026%	$269.8M	$68.6M	150x	as long as short
GMX ETH/USD [ETH-USDC]long	L +0.0027% / S +0.0009%	1h	2,773.2	long leg	$12.9M	—	200x
Bullet ETH-USD	+0.0028%	1h	2,772.4	−0.029%	$181K	$1.7M	20x	as long as short
Aster ETHUSDT	+0.0034%	8h	2,771.9	−0.048%	$255.7M	$992.4M	200x	as long as short
Nado ETH-PERPshort	+0.0060%	1h	2,772.3	−0.033%	$14.2M	$118.2M	50x
Binance ETHUSDT	+0.0063%	8h	2,771.4	−0.066%	$6.43B	$17.21B	150x	as long as short
MEXC ETH_USDT	+0.0064%	8h	2,770.7	−0.090%	$1.61B	$2.68B	500x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,770.9	−0.085%	$5.0M	$636K	20x	as long as short
SoDEX ETH-USD	+0.0065%	1h	2,772.4	−0.030%	$55.2M	$228.9M	40x	as long as short
ApeX Omni ETHUSDT	+0.0066%	1h	2,775.6	+0.084%	$8.8M	$32.6M	100x	as long as short
Bitget ETHUSDT	+0.0068%	8h	2,770.9	−0.085%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0073%	8h	2,771.9	−0.048%	$3.29B	$9.66B	200x	as long as short
HTX ETH-USDT	+0.0092%	8h	2,772.5	−0.027%	$1.08B	$1.32B	200x	as long as short
Bybit ETHUSDT	+0.0092%	8h	2,771	−0.080%	$2.51B	$4.62B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,772.2	−0.036%	$114.9M	$502.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,773.5	+0.011%	$25.3M	$121.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,773.4	+0.007%	—	$41.6M	500x	as long as short
KuCoin ETHUSDTM	+0.0097%	8h	2,771.6	−0.057%	$422.0M	$738.9M	100x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,771.3	−0.070%	$15.9M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,773.1	−0.005%	$477K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,774.3	+0.039%	$3.19B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,771.9	−0.047%	$31.2M	$302.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,770.3	−0.106%	$2.8M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,772.3	−0.033%	$2.7M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,778.9	+0.205%	$165.9M	$253.8M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,772.5	−0.025%	$15.1M	$44.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,774.7	+0.055%	$141.6M	$331.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,775.7	+0.089%	$181.7M	$784.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,775.8	+0.092%	$161.4M	$91.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,773.5	+0.010%	$21.4M	$58.2M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,773.8	+0.021%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,773.5	+0.009%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,774.9	+0.059%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,771.9	−0.046%	$972K	$14.0M	100x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,773.2	−0.002%	—	$1.1M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,771.5	−0.063%	$32.6M	$77.7M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,773.6	+0.012%	$59.7M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0125%	8h	2,773.4	+0.006%	$8.4M	$680.5M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0136%	8h	2,775.2	+0.070%	$32.5M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,773.4	+0.005%	$86.0M	$332.4M	100x	as long as short
BloFin ETH-USDT	+0.0184%	8h	2,772.5	−0.026%	$283.9M	$194.3M	150x	as long as short
Reya ETHRUSDPERP	+0.0194%	1h	2,772.3	−0.032%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,773.9	+0.025%	$270K	$1.5M	20x	as long as short