Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Nado against Jupiter Perps0.000%7-day average −0.016% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)0.000%$0 on $10k
Price spread, last 3 days (all we have)+0.003%$0 · spread now 0.000%, 7d avg −0.016%
Together, before fees+0.003%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,774.8L +0.0096% / S +0.0048%pay 0.0012% / 1h32m 10s$42.0M500x
ShortNado ETH-PERP2,774.80.0100get 0.0012% / 1h32m 10s$14.4M$118.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Jupiter Perps. 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
$0.84
Price spread: 0.000% → −0.016%
$1.61
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$16.55
Costs to cover
0.190%
Break-even
144.9 days
Slippage unknown: Jupiter Perps: no order-book sample; Nado: live order book, 2 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 Jupiter Perps no order-book sample
Sell Nado live order book, 2 min ago0.18 bp3.7 bp −$43.7 bp −$375.8 bp −$58116.3 bp −$8,174
Jupiter Perps: 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%43m2,774.3−0.021%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,774.9+0.002%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.255%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.5−0.012%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0049%1h2,775.4+0.020%$8.9M$32.8M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,775.2+0.013%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,774.6−0.007%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,778.6+0.136%$879K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.3+0.018%$22.4M200xas long as short
Aftermath Perps ETHUSD+0.0011%1h2,777.2+0.084%$29K$22K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,773.7−0.041%$1.21Bas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,773.7−0.042%$1.70B$11.87B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,775.2+0.014%$12.9M200xas long as short
Phemex ETHUSDT+0.0031%8h2,774.5−0.012%$270.5M$69.0M150xas long as short
Aster ETHUSDT+0.0034%8h2,773.8−0.036%$256.5M$1.00B200xas long as short
Bullet ETH-USD+0.0048%1h2,774.4−0.014%$182K$1.7M20xas long as short
SoDEX ETH-USD+0.0048%1h2,773.5−0.048%$55.2M$229.1M40xas long as short
MEXC ETH_USDT+0.0061%8h2,773.6−0.044%$1.60B$2.64B500xas long as short
Binance ETHUSDT+0.0062%8h2,773.9−0.035%$6.45B$17.28B150xas long as short
Aevo ETH-PERP+0.0064%1h2,771.4−0.124%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0067%8h2,773.8−0.038%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,774.7−0.006%$3.29B$9.64B200xas long as short
Deribit ETH-PERPETUAL+0.0078%1h2,775.3+0.016%$259.0M$222.2M50xas long as short
KuCoin ETHUSDTM+0.0087%8h2,774.8−0.002%$421.7M$739.2M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,775+0.006%$60.0M$4.60B50xas long as short
Bybit ETHUSDT+0.0091%8h2,773.8−0.039%$2.51B$4.62B150xas long as short
Vest ETH-PERP+0.0095%1h2,775.1+0.008%$1.1M50xas long as short
HTX ETH-USDT+0.0095%8h2,774−0.030%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,774.4−0.015%$116.0M$497.6M50xas long as short
Lighter RH ETH+0.0096%1h2,775.8+0.033%$25.3M$121.3M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0048%1h2,774.8long leg$42.0M500x
Paradex ETH-USD-PERP+0.0099%8h2,773.8−0.036%$15.9M$10.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774.7−0.005%$478K$2.7M50xas long as short
Nado ETH-PERPshort+0.0100%1h2,774.80.000%$14.4M$118.1M50x
Hyperliquid ETH+0.0100%1h2,776.9+0.075%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,775.1+0.010%$31.2M$310.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,774.3−0.019%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,775.9+0.040%$2.8M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9+0.110%$167.7M$256.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774−0.030%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,775.8+0.033%$147.4M$335.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,776.7+0.068%$182.3M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5+0.060%$161.4M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,775.4+0.020%$21.5M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,775.2+0.013%$10.7M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,775.1+0.010%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,776.4+0.056%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,774.3−0.021%$972K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,773.6−0.044%$32.7M$78.0M50xas long as short
Kalshi KXETHPERP+0.0117%8h2,775.2+0.013%$8.3M$684.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,774.7−0.004%$86.5M$333.5M100xas long as short
Orderly PERP_ETH_USDC+0.0140%8h2,777+0.079%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0182%8h2,774−0.031%$286.4M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0201%1h2,774.6−0.009%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,775.4+0.020%$252K$1.6M20xas long as short