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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 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%
Price spread now: Derive against Nado+0.100%7-day average +0.057% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on NadoShort on Derive
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.032%+$3 on $10k
Price spread, last 3 days (all we have)−0.068%−$7 · spread now +0.100%, 7d avg +0.057%
Together, before fees−0.037%+ Points / potential airdropNado: Active · farm board−$4 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: Derive is 0.043% dearer against Nado than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.057%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,776.50.0100pay 0.0012% / 1h58m 52s$14.3M$118.2M50x
ShortDerive ETH-PERP2,779.20.0100get 0.0013% / 1h58m 52s$42.8M$29.4M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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: +0.100% → +0.057%
$4.29
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Derive: 3 bp × 2 orders
−$6
Net
−$8.71
Costs to cover
0.130%
Break-even
895340895203010.1 days
Slippage unknown: Nado: live order book, 5 min ago; Derive: no order-book sample. 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 Nado live order book, 5 min ago0.18 bp3.7 bp −$43.7 bp −$375.7 bp −$56514.2 bp −$7,077
Sell Derive no order-book sample—————
Derive: 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%43m2,777.1+0.023%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,776.3−0.005%$5.7M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,777.3+0.030%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,777.4+0.034%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0016%1h2,777.2+0.027%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0004%1h2,776.8+0.012%$29K$22K20xas long as short
Bullet ETH-USD−0.0001%1h2,776.8+0.012%$181K$1.7M20xas long as short
dYdX ETH-USD0.0000%1h2,777.9+0.052%$12.7M$45.9M50xas long as short
Phoenix ETH0.0000%1h2,777.6+0.041%$881K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.7+0.046%$22.4M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0014%8h2,776.9+0.016%—$17.4M—as long as short
OKX ETH-USDT-SWAP+0.0018%8h2,777.4+0.035%$1.70B$11.88B100xas long as short
Phemex ETHUSDT+0.0022%8h2,777.1+0.023%$270.5M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,777.7+0.044%$12.9M—200xas long as short
Aster ETHUSDT+0.0034%8h2,777.5+0.039%$254.8M$995.8M200xas long as short
Deribit ETH-PERPETUAL+0.0034%1h2,778.5+0.074%$258.7M$222.8M50xas long as short
SoDEX ETH-USD+0.0042%1h2,776.9+0.016%$55.3M$229.0M40xas long as short
ApeX Omni ETHUSDT+0.0058%1h2,777.6+0.039%$8.8M$32.7M100xas long as short
MEXC ETH_USDT+0.0060%8h2,777.5+0.036%$1.60B$2.62B500xas long as short
Binance ETHUSDT+0.0061%8h2,777.4+0.034%$6.44B$17.24B150xas long as short
Aevo ETH-PERP+0.0064%1h2,774.5−0.071%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,777.4+0.033%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0071%8h2,777.3+0.030%$3.30B$9.55B200xas long as short
HTX ETH-USDT+0.0087%8h2,776.6+0.006%$1.08B$1.32B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,778.1+0.060%$60.1M$4.61B50xas long as short
Bybit ETHUSDT+0.0091%8h2,777.4+0.035%$2.52B$4.63B150xas long as short
KuCoin ETHUSDTM+0.0092%8h2,777.3+0.031%$423.4M$739.5M100xas long as short
Vest ETH-PERP+0.0095%1h2,777.5+0.037%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,777.3+0.032%$115.3M$491.9M50xas long as short
Lighter RH ETH+0.0096%1h2,778.8+0.086%$25.4M$120.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,776.8+0.011%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,777.1+0.023%$477K$2.7M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,776.5long leg$14.3M$118.2M50x
Hyperliquid ETH+0.0100%1h2,780.4+0.142%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,777.7+0.045%$31.2M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,776.7+0.009%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,778+0.055%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9+0.054%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,777.7+0.046%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,775.9−0.019%$147.5M$336.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,777+0.021%$181.7M$781.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.9+0.016%$161.5M$90.7M50xas long as short
StandX ETH-USD+0.0100%1h2,778.5+0.074%$21.5M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.8+0.048%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,778.1+0.059%$21K$24K25xas long as short
Derive ETH-PERPshort+0.0100%1h2,779.2+0.100%$42.8M$29.4M15x
SunX ETH-USDT+0.0100%8h2,776.9+0.015%$974K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,776.7+0.009%$32.6M$77.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,777.4+0.035%—$41.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,778.2+0.062%$86.5M$332.6M100xas long as short
Kalshi KXETHPERP+0.0125%8h2,777.8+0.048%$8.3M$681.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.7+0.118%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0181%8h2,776.8+0.012%$285.0M$195.0M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,776.4−0.002%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,777.5+0.038%$270K$1.5M20xas long as short