ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0002%/8h= −0.3% APRnext payment −$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Bullet against Nado−0.009%7-day average −0.004% · 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−$18as in the Price arb table

costs, in and out, $10k−$170.172% of the position

Long on Nado Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.048%−$5 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.009%, 7d avg −0.004%

Together, before fees−0.045%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ETH-PERP	2,730.1	0.0100	pay 0.0012% / 1h	39m 47s	$14.2M	$100.8M	50x
Short	Bullet ETH-USD	2,729.9	0.0098	get 0.0012% / 1h	39m 47s	$177K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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

Position, each leg$Hold fordaysFee NadobpFee BulletbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$0.5
Price spread: −0.009% → −0.004%: −$0.42
Slippage, 4 orders: −$2.16
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$18.08
Costs to cover: 0.172%
Break-even: never at this rate

Slippage from Nado: live order book, 4 min ago; Bullet: live order book, 4 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 Nado live order book, 4 min ago	0.18 bp	3.7 bp −$4	3.7 bp −$37	4.7 bp −$466	12.7 bp −$6,327
Sell Bullet live order book, 4 min ago	0.37 bp	5.1 bp −$5	8.6 bp −$86	doesn't fit	doesn't fit

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
BloFin ETH-USDT	−0.0179%	8h	2,729.2	−0.033%	$280.4M	$177.6M	150x	as long as short
Perpl ETH	−0.0112%	43m	2,731	+0.031%	$277K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,729.4	−0.027%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0079%	8h	2,729.8	−0.011%	$1.05B	$1.21B	200x	as long as short
Phemex ETHUSDT	−0.0055%	8h	2,730.6	+0.017%	$263.1M	$63.8M	150x	as long as short
Bybit ETHUSDT	−0.0037%	8h	2,730.4	+0.009%	$2.32B	$4.30B	150x	as long as short
Phoenix ETH	−0.0012%	1h	2,733	+0.105%	$807K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,732.4	+0.082%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,731.2	+0.037%	$10.6M	$41.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,730.7	+0.020%	$6.8M	$670.8M	4.9x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETH-PERPETUAL	0.0000%	1h	2,731.7	+0.057%	$264.6M	$219.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,730.9	+0.028%	$32.9M	—	200x	as long as short
SunX ETH-USDT	+0.0017%	8h	2,729.8	−0.012%	$940K	$10.7M	100x	as long as short
Gate ETH_USDT	+0.0039%	8h	2,730.5	+0.014%	$3.28B	$8.25B	200x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,730.6	+0.017%	$191K	$884K	50x	as long as short
SoDEX ETH-USD	+0.0053%	1h	2,731	+0.031%	$54.4M	$182.5M	40x	as long as short
Hibachi ETH/USDT-P	+0.0064%	1h	2,730.7	+0.019%	$237K	$1.4M	20x	as long as short
OKX ETH-USDT-SWAP	+0.0078%	8h	2,730.5	+0.013%	$1.65B	$10.73B	100x	as long as short
ApeX Omni ETHUSDT	+0.0078%	1h	2,730.8	+0.025%	$8.4M	$31.2M	100x	as long as short
Aster ETHUSDT	+0.0081%	8h	2,730.5	+0.014%	$252.7M	$849.2M	200x	as long as short
KuCoin ETHUSDTM	+0.0084%	8h	2,731	+0.032%	$383.3M	$575.8M	100x	as long as short
MEXC ETH_USDT	+0.0091%	8h	2,730.6	+0.018%	$1.57B	$2.55B	500x	as long as short
Binance ETHUSDT	+0.0091%	8h	2,730.7	+0.019%	$6.32B	$16.05B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,731.9	+0.062%	$112.6M	$401.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,732.9	+0.101%	$23.7M	$95.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,731.7	+0.055%	—	$30.4M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,727.9	−0.083%	$4.9M	$195K	20x	as long as short
Bullet ETH-USDshort	+0.0098%	1h	2,729.9	−0.009%	$177K	$1.7M	20x
Katana Perps ETH-USD	+0.0100%	8h	2,729.9	−0.009%	$498K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,733.9	+0.137%	$15.4M	$7.2M	50x	as long as short
Nado ETH-PERPlong	+0.0100%	1h	2,730.1	long leg	$14.2M	$100.8M	50x
Hyperliquid ETH	+0.0100%	1h	2,733.1	+0.108%	$3.11B	$2.03B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,731.4	+0.046%	$32.0M	$332.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,730.1	−0.002%	$2.7M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,730.4	+0.009%	$1.6M	$15.8M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,731.1	+0.035%	$2.11B	$2.75B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,729.9	−0.010%	—	$18.7M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,731.3	+0.040%	$15.2M	$39.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,728.7	−0.052%	$131.4M	$316.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,731.1	+0.035%	$185.8M	$686.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,730.9	+0.028%	$158.8M	$79.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,732.5	+0.086%	$21.0M	$70.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,731.4	+0.046%	—	$441K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,730.4	+0.009%	$11.2M	$9.3M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,731.1	+0.034%	$40.6M	$29.2M	15x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,730.8	+0.024%	$162.8M	$334.7M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,730	−0.005%	$30.5M	$71.2M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,731.9	+0.065%	$82.0M	$309.6M	100x	as long as short
Aftermath Perps ETHUSD	+0.0113%	1h	2,731.2	+0.037%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,731.8	+0.062%	$46.3M	$4.24B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,730.6	+0.018%	$5.7M	$11.4M	25x	as long as short
Reya ETHRUSDPERP	+0.0173%	1h	2,728.8	−0.050%	$7.3M	$972K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0185%	8h	2,732.9	+0.100%	$32.2M	$11.3M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,730	−0.005%	$117K	$20.2M	52x	as long as short
Bluefin ETH-PERP	+0.2615%	1h	2,731	+0.032%	$20K	$23K	25x	as long as short