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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Arcus against Nado+0.024%52s7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$140.141% of the position
Long on NadoShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.003%$0 on $10k
Price spread, last 7 days−0.008%−$1 · spread now +0.024%, 7d avg +0.010%
Together, before fees−0.005%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,746.20.0100pay 0.0012% / 1h17m 37s$13.9M$104.9M50x
ShortArcus ETH-USD2,746.90.0100get 0.0013% / 1h17m 37s$2.7M$16.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Nado. 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
Price spread: +0.024% → +0.010%
$1.39
Slippage, 4 orders
−$2.57
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$12.68
Costs to cover
0.141%
Break-even
1302351551118933.0 days
Slippage from Nado: live order book, 2 min ago; Arcus: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 2 min ago0.18 bp3.7 bp −$43.7 bp −$375.4 bp −$53713.5 bp −$6,754
Sell Arcus live order book, 2 min ago0.02 bp4.4 bp −$44.5 bp −$455.4 bp −$538doesn't fit

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
Hotstuff ETH-PERP−0.0080%1h2,747+0.029%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,742.7−0.128%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.1−0.041%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,746−0.009%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,746.2+0.001%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,744.9−0.048%$25.1M—200xas long as short
Phoenix ETH+0.0017%1h2,747.9+0.062%$849K$2.9M25xas long as short
01 Exchange ETHUSD+0.0024%1h2,746.9+0.025%$182K$849K50xas long as short
ApeX Omni ETHUSDT+0.0033%1h2,747.3+0.039%$8.9M$30.7M100xas long as short
BingX ETH-USDT+0.0053%8h2,746.3+0.002%—$1.15B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0066%8h2,746.2+0.001%$1.70B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0070%8h2,746.6+0.013%$382.1M$575.5M100xas long as short
Bullet ETH-USD+0.0073%1h2,745.1−0.040%$183K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,746.9+0.024%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0088%8h2,746.5+0.012%$254.1M$840.9M200xas long as short
SoDEX ETH-USD+0.0094%1h2,744.8−0.051%$54.7M$187.6M40xas long as short
Lighter ETH+0.0096%1h2,746.9+0.026%$113.0M$435.4M50xas long as short
Lighter RH ETH+0.0096%1h2,748.3+0.075%$24.6M$104.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747+0.029%—$30.5M500xas long as short
MEXC ETH_USDT+0.0096%8h2,746.5+0.011%$1.56B$2.55B500xas long as short
Aevo ETH-PERP+0.0096%1h2,742.1−0.150%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,747.2+0.038%$57.9M$4.26B50xas long as short
Binance ETHUSDT+0.0096%8h2,746.4+0.008%$6.38B$15.67B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,751+0.175%$16.1M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,746.4+0.007%$468K$3.1M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,746.2long leg$13.9M$104.9M50x
Hyperliquid ETH+0.0100%1h2,749+0.102%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,747.2+0.036%$31.7M$334.5M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.6+0.013%$2.46B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.1−0.040%$2.7M$16.8M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,746.9+0.024%$2.7M$16.1M25x
Bulk ETH-USD+0.0100%1h2,742.3−0.142%$165.2M$299.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,746.5+0.009%$3.39B$8.76B200xas long as short
Bitget ETHUSDT+0.0100%8h2,746.5+0.009%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.1−0.042%$15.0M$39.8M50xas long as short
Variational Omni ETH+0.0100%8h2,745.8−0.015%$133.3M$326.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.2+0.001%$182.5M$673.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,744.9−0.048%$159.6M$83.9M50xas long as short
StandX ETH-USD+0.0100%1h2,746.7+0.018%$21.2M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.6+0.013%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,746.8+0.022%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,746.3+0.005%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,745.5−0.025%$963K$11.5M100xas long as short
HTX ETH-USDT+0.0100%8h2,745−0.044%$1.06B$1.17B200xas long as short
Phemex ETHUSDT+0.0100%8h2,745.8−0.014%$266.9M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,745.5−0.024%$30.7M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0128%1h2,745.5−0.027%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0160%8h2,746.7+0.018%$7.8M$670.0M4.9xas long as short
Deribit ETH-PERPETUAL+0.0173%1h2,746.6+0.015%$259.8M$196.2M50xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,746.6+0.015%$32.3M$11.4M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,746.1−0.003%$86.6M$310.3M100xas long as short
Reya ETHRUSDPERP+0.0228%1h2,745.1−0.041%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,746.1−0.004%$252K$1.4M20xas long as short
BloFin ETH-USDT+0.0313%8h2,746−0.008%$285.1M$181.2M150xas long as short
Bluefin ETH-PERP+0.0558%1h2,745.5−0.026%$21K$20K25xas long as short