ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.026%

Price spread now: Nado against Hibachi−0.031%7-day average −0.013% · 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−$23as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Hibachi Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.031%, 7d avg −0.013%

Together, before fees+0.050%+ Points / potential airdropHibachi: Active · Nado: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi ETH/USDT-P	2,743.5	0.0248	pay 0.0031% / 1h	34m 31s	$252K	$1.4M	20x
Short	Nado ETH-PERP	2,742.6	0.0100	get 0.0012% / 1h	34m 31s	$13.9M	$105.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Hibachi. 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 HibachibpFee NadobpOrdersPrice spread, now −0.031%Rate

Funding earned: −$31.08
Price spread: −0.031% → −0.013%: −$1.86
Slippage, 4 orders: −$5.26
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$54.21
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from Hibachi: live order book, 4 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 Hibachi live order book, 4 min ago	1.75 bp	6.3 bp −$6	12.1 bp −$121	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	0.18 bp	3.9 bp −$4	4.2 bp −$42	6.0 bp −$596	13.8 bp −$6,898

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
Hotstuff ETH-PERP	−0.0080%	1h	2,742.4	−0.039%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,743.1	−0.014%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,743.1	−0.015%	$12.0M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,742	−0.053%	$10.8M	$41.8M	50x	as long as short
Perpl ETH	0.0000%	43m	2,741.9	−0.058%	$304K	$5.6M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,743.2	−0.010%	$22.2M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,741.5	−0.072%	$846K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,742.7	−0.028%	$182K	$916K	50x	as long as short
BingX ETH-USDT	+0.0050%	8h	2,742.9	−0.023%	—	$1.15B	—	as long as short
ApeX Omni ETHUSDT	+0.0055%	1h	2,738.9	−0.165%	$8.8M	$30.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ETHUSDTM	+0.0064%	8h	2,742.6	−0.033%	$383.2M	$595.0M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0064%	8h	2,742.2	−0.046%	$1.70B	$10.57B	100x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,742.8	−0.026%	$5.6M	$11.2M	25x	as long as short
Bullet ETH-USD	+0.0079%	1h	2,742.6	−0.033%	$181K	$1.7M	20x	as long as short
Aster ETHUSDT	+0.0081%	8h	2,742.3	−0.042%	$252.1M	$841.0M	200x	as long as short
MEXC ETH_USDT	+0.0088%	8h	2,742.4	−0.039%	$1.56B	$2.54B	500x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,740.5	−0.107%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0089%	8h	2,742.3	−0.044%	$6.37B	$15.69B	150x	as long as short
HTX ETH-USDT	+0.0095%	8h	2,742.4	−0.040%	$1.06B	$1.18B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,742	−0.055%	$112.7M	$433.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,742.8	−0.026%	$24.6M	$103.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,742.2	−0.046%	—	$30.7M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,744.5	+0.036%	$58.6M	$4.27B	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,745.6	+0.078%	$16.0M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,742	−0.054%	$468K	$3.0M	50x	as long as short
Nado ETH-PERPshort	+0.0100%	1h	2,742.6	−0.031%	$13.9M	$105.5M	50x
Hyperliquid ETH	+0.0100%	1h	2,744.7	+0.045%	$3.12B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,742.1	−0.050%	$31.6M	$335.1M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,742.4	−0.039%	$2.45B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,741	−0.090%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,742.7	−0.030%	$2.7M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,741.5	−0.071%	$164.1M	$300.8M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,741.9	−0.059%	$3.39B	$8.72B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,742.5	−0.035%	$2.08B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,742.1	−0.051%	$15.0M	$40.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,740.7	−0.102%	$132.6M	$333.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,737.1	−0.233%	$181.9M	$690.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,740	−0.128%	$159.3M	$83.6M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,742.3	−0.043%	$21.2M	$68.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,743.2	−0.011%	—	$819K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,743.3	−0.006%	$11.0M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,744.8	+0.048%	$41.5M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,741.2	−0.082%	$962K	$11.5M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,743	−0.017%	$54.6M	$187.5M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,742.8	−0.025%	$266.8M	$65.0M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,741	−0.090%	$30.6M	$72.4M	50x	as long as short
Bluefin ETH-PERP	+0.0107%	1h	2,742.8	−0.025%	$21K	$20K	25x	as long as short
Aftermath Perps ETHUSD	+0.0134%	1h	2,741.7	−0.066%	$30K	$20K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0155%	1h	2,744.5	+0.035%	$258.8M	$196.1M	50x	as long as short
Kalshi KXETHPERP	+0.0157%	8h	2,742.5	−0.036%	$7.6M	$669.4M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0189%	8h	2,745	+0.055%	$32.3M	$11.3M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,744.1	+0.024%	$87.1M	$310.2M	100x	as long as short
Reya ETHRUSDPERP	+0.0226%	1h	2,742	−0.052%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-Plong	+0.0248%	1h	2,743.5	long leg	$252K	$1.4M	20x
BloFin ETH-USDT	+0.0251%	8h	2,743	−0.016%	$285.0M	$182.0M	150x	as long as short