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

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.07 per $10,000 · paid last 24h +0.001%
Price spread now: Deribit against Nado+0.206%7-day average +0.043% · 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$0as in the Price arb table
costs, in and out, $10k−$170.167% of the position
Long on NadoShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.012%−$1 on $10k
Price spread, last 3 days (all we have)−0.183%−$18 · spread now +0.206%, 7d avg +0.043%
Together, before fees−0.196%+ Points / potential airdropNado: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.163% dearer against Nado than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,7630.0100pay 0.0012% / 1h18m 26s$14.6M$113.6M50x
ShortDeribit ETH-PERPETUAL2,768.80.0158get 0.0020% / 1h18m 26s$259.1M$203.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$12.18
Price spread: +0.206% → +0.043%
$16.35
Slippage, 4 orders
−$2.74
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$11.79
Costs to cover
0.167%
Break-even
0.2 days
Slippage from Nado: live order book, 6 min ago; Deribit: live order book, 1 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, 6 min ago0.18 bp3.7 bp −$43.7 bp −$375.2 bp −$52313.4 bp −$6,688
Sell Deribit live order book, 1 min ago0.45 bp4.7 bp −$55.7 bp −$5713.7 bp −$1,37332.3 bp −$16.1K

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
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.501%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,763.6+0.020%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,764.2+0.043%$340K$6.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,764.2+0.042%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,764.2+0.042%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.324%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,764.7+0.061%$12.2M$43.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,766.7+0.132%$22.3M—200xas long as short
Bullet ETH-USD+0.0018%1h2,765.5+0.089%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,767+0.142%$1.70B$11.14B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0028%1h2,766.6+0.129%$55.1M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,766.3+0.119%$12.7M—200xas long as short
Aster ETHUSDT+0.0044%8h2,764.5+0.054%$256.0M$885.9M200xas long as short
Gate ETH_USDT+0.0055%8h2,766.9+0.138%$3.38B$9.06B200xas long as short
Aevo ETH-PERP+0.0056%1h2,765.9+0.104%$5.0M$165K20xas long as short
Binance ETHUSDT+0.0057%8h2,766+0.106%$6.47B$16.26B150xas long as short
MEXC ETH_USDT+0.0059%8h2,765+0.070%$1.61B$2.65B500xas long as short
Aftermath Perps ETHUSD+0.0069%1h2,770+0.250%$31K$21K20xas long as short
Bitget ETHUSDT+0.0076%8h2,766.9+0.139%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,769+0.215%$60.3M$4.42B50xas long as short
Vest ETH-PERP+0.0081%1h2,764.7+0.060%—$876K50xas long as short
KuCoin ETHUSDTM+0.0085%8h2,764.1+0.038%$419.8M$619.4M100xas long as short
HTX ETH-USDT+0.0088%8h2,762.4−0.025%$1.07B$1.25B200xas long as short
Lighter ETH+0.0096%1h2,764.3+0.046%$114.7M$458.7M50xas long as short
Lighter RH ETH+0.0096%1h2,765.7+0.094%$25.5M$111.8M50xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,768.2+0.186%$8.7M$32.1M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,766.1+0.112%$15.9M$8.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,764.2+0.042%$487K$2.7M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,763long leg$14.6M$113.6M50x
Hyperliquid ETH+0.0100%1h2,767.3+0.154%$3.16B$2.19B25xas long as short
Pacifica ETH+0.0100%1h2,764.2+0.042%$31.1M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,767.3+0.154%$2.51B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,763.5+0.016%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,764.3+0.045%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,763.5+0.018%$172.0M$292.0M25xas long as short
BingX ETH-USDC+0.0100%8h2,765.3+0.081%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,763.7+0.022%$15.1M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5+0.199%$137.0M$344.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,768.1+0.183%$181.7M$785.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.8+0.207%$161.1M$85.1M50xas long as short
StandX ETH-USD+0.0100%1h2,767.9+0.176%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,764.4+0.049%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,767.7+0.169%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,768.7+0.205%$42.5M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,765.3+0.081%$969K$13.0M100xas long as short
Phemex ETHUSDT+0.0100%8h2,763.8+0.028%$269.0M$67.4M150xas long as short
Extended ETH-USD+0.0104%1h2,766.2+0.112%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,765.8+0.098%—$36.1M500xas long as short
Kalshi KXETHPERP+0.0109%8h2,767.4+0.158%$8.1M$678.7M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,769.2+0.221%$97.8M$320.5M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,769.3+0.225%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0155%8h2,769.8+0.243%$32.6M$11.1M100xas long as short
Deribit ETH-PERPETUALshort+0.0158%1h2,768.8+0.206%$259.1M$203.4M50x
BloFin ETH-USDT+0.0180%8h2,763.6+0.018%$287.3M$178.3M150xas long as short
Reya ETHRUSDPERP+0.0213%1h2,764.4+0.049%$7.3M$1.1M25xas long as short