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Funding arb · Price arb /

ETH

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Measured
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Alert: spread
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Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.004%
Price spread now: Coinbase International against Nado+0.064%7-day average +0.032% · 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−$14as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Long on NadoShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.001%$0 on $10k
Price spread, last 3 days (all we have)−0.217%−$22 · spread now +0.064%, 7d avg +0.032%
Together, before fees−0.219%+ Points / potential airdropNado: Active · farm board−$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.032% dearer against Nado than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,771.50.0100pay 0.0012% / 1h53m 54s$16.2M$115.3M50x
ShortCoinbase International ETH-PERP-INTX2,773.30.0104get 0.0013% / 1h53m 54s$60.4M$4.66B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$0.84
Price spread: +0.064% → +0.032%
$3.15
Slippage, 4 orders
−$0.4
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$13.4
Costs to cover
0.174%
Break-even
118.7 days
Slippage from Nado: live order book, 5 min ago; Coinbase International: live order book, 5 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, 5 min ago0.18 bp3.7 bp −$43.7 bp −$375.6 bp −$56214.8 bp −$7,419
Sell Coinbase International live order book, 5 min ago0.02 bp5.0 bp −$55.0 bp −$507.2 bp −$71519.8 bp −$9,886

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%43m2,773.1+0.058%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0318%1h2,773.3+0.064%$10.5M$30.9M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,774.7+0.116%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.1+0.058%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,771.7+0.008%$172K$1.2M50xas long as short
Phoenix ETH−0.0032%1h2,776.7+0.188%$799K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,772.7+0.045%$5.8M$12.0M25xas long as short
dYdX ETH-USD0.0000%1h2,775.4+0.141%$13.0M$45.3M50xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,774.3+0.101%$259.0M$223.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.8+0.047%$22.4M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0017%8h2,773.5+0.071%—$17.3M—as long as short
OKX ETH-USDT-SWAP+0.0022%8h2,773.4+0.067%$1.70B$11.92B100xas long as short
Phemex ETHUSDT+0.0026%8h2,771.7+0.008%$266.7M$66.0M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,772.9+0.052%$13.0M—200xas long as short
Aftermath Perps ETHUSD+0.0031%1h2,778.6+0.257%$29K$22K20xas long as short
Aevo ETH-PERP+0.0040%1h2,769.6−0.069%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0043%8h2,773.6+0.075%$1.61B$2.62B500xas long as short
Binance ETHUSDT+0.0044%8h2,773.3+0.067%$6.45B$17.26B150xas long as short
Aster ETHUSDT+0.0047%8h2,773+0.054%$256.3M$997.9M200xas long as short
Gate ETH_USDT+0.0055%8h2,773.1+0.059%$3.29B$9.52B200xas long as short
SoDEX ETH-USD+0.0070%1h2,771.6+0.004%$55.2M$228.5M40xas long as short
Bitget ETHUSDT+0.0074%8h2,773.3+0.066%$2.10B$3.14B150xas long as short
Bullet ETH-USD+0.0084%1h2,771.3−0.006%$188K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,775.7+0.154%$140.7M$320.1M—as long as short
Lighter ETH+0.0096%1h2,772.3+0.031%$115.1M$507.2M50xas long as short
Lighter RH ETH+0.0096%1h2,773.7+0.081%$25.5M$121.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,774.9+0.124%—$42.8M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,773.3+0.067%$15.9M$11.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.9+0.051%$493K$2.7M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,771.5long leg$16.2M$115.3M50x
Hyperliquid ETH+0.0100%1h2,774.9+0.123%$3.20B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,774+0.090%$31.2M$281.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,773.4+0.070%$2.51B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.3+0.030%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.7+0.115%$2.8M$17.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,780.5+0.326%$165.0M$263.0M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,773.5+0.073%$426.4M$746.4M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.9+0.051%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,775.2+0.135%$177.5M$786.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.6+0.149%$161.5M$98.8M50xas long as short
StandX ETH-USD+0.0100%1h2,777.6+0.221%$21.4M$57.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,773.2+0.062%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.5+0.073%$10.8M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.3+0.030%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.9+0.088%$42.9M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,771.8+0.011%$972K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,771.4−0.002%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,773.1+0.057%$31.6M$76.5M50xas long as short
Coinbase International ETH-PERP-INTXshort+0.0104%1h2,773.3+0.064%$60.4M$4.66B50x
Kalshi KXETHPERP+0.0111%8h2,776.4+0.178%$8.6M$671.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0128%8h2,774.3+0.101%$32.6M$11.7M100xas long as short
BloFin ETH-USDT+0.0164%8h2,777.1+0.201%$287.5M$197.2M150xas long as short
Reya ETHRUSDPERP+0.0194%1h2,770.8−0.024%$7.5M$995K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,773+0.055%$88.6M$331.3M100xas long as short
Hibachi ETH/USDT-P+0.0352%1h2,775+0.127%$273K$1.5M20xas long as short