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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 00:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h +0.027%
Price spread now: dYdX against Nado−0.016%7-day average −0.020% · 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−$23as in the Price arb table
costs, in and out, $10k−$240.238% of the position
Long on NadoShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.183%+$18 on $10k
Price spread, last 7 days+0.120%+$12 · spread now −0.016%, 7d avg −0.020%
Together, before fees+0.302%+ Points / potential airdropNado: Active · farm board+$30 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.183%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,774.50.0092pay 0.0012% / 1h3m 48s$14.3M$118.2M50x
ShortdYdX ETH-USD2,774.10get 0.0000% / 1h3m 48s$12.7M$45.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$19.36
Price spread: −0.016% → −0.020%
$0.4
Slippage, 4 orders
−$6.84
Fee Nado: 3.5 bp × 2 orders
−$7
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$42.8
Costs to cover
0.238%
Break-even
never at this rate
Slippage from Nado: live order book, 5 min ago; dYdX: live order book, just now.

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 −$375.0 bp −$49712.2 bp −$6,085
Sell dYdX live order book, just now3.24 bp8.2 bp −$813.1 bp −$13117.5 bp −$1,75448.0 bp −$24.0K

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−0.0223%43m2,773.7−0.031%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,774−0.018%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.449%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.4−0.077%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0021%1h2,769.3−0.190%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,774.4−0.005%$168K$1.2M50xas long as short
dYdX ETH-USDshort0.0000%1h2,774.1−0.016%$12.7M$45.9M50x
Phoenix ETH+0.0003%1h2,771.5−0.110%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.9+0.048%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,775.5+0.033%$1.71B$11.91B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0024%8h2,775.1+0.019%$270.5M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,775.7+0.040%$12.8M—200xas long as short
SoDEX ETH-USD+0.0030%1h2,774.9+0.013%$55.3M$228.7M40xas long as short
Aftermath Perps ETHUSD+0.0030%1h2,772−0.092%$29K$22K20xas long as short
Aster ETHUSDT+0.0032%8h2,775.6+0.037%$256.2M$1.00B200xas long as short
Bullet ETH-USD+0.0034%1h2,774.9+0.014%$182K$1.7M20xas long as short
MEXC ETH_USDT+0.0054%8h2,775.8+0.046%$1.62B$2.67B500xas long as short
Binance ETHUSDT+0.0054%8h2,775.7+0.042%$6.47B$17.29B150xas long as short
Aevo ETH-PERP+0.0056%1h2,773.3−0.045%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,775.5+0.036%$2.11B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,775.9+0.049%$3.29B$9.70B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,776.5+0.069%$423.1M$738.3M100xas long as short
Bybit ETHUSDT+0.0088%8h2,775.7+0.042%$2.51B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,775.5+0.033%—$17.5M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,777.1+0.093%$60.7M$4.60B50xas long as short
Nado ETH-PERPlong+0.0092%1h2,774.5long leg$14.3M$118.2M50x
HTX ETH-USDT+0.0093%8h2,774.7+0.006%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,775.5+0.036%$115.2M$501.9M50xas long as short
Lighter RH ETH+0.0096%1h2,776.8+0.081%$25.3M$122.1M50xas long as short
Vest ETH-PERP+0.0097%1h2,774−0.021%—$1.1M50xas long as short
Deribit ETH-PERPETUAL+0.0099%1h2,776.4+0.067%$259.1M$222.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.3−0.045%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.5−0.038%$483K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,778+0.125%$3.18B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,774.2−0.012%$31.3M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.3−0.117%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.7+0.006%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.186%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,775.9+0.048%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5−0.217%$148.3M$337.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.8−0.172%$181.8M$784.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9−0.130%$161.1M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,770.8−0.135%$21.4M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,774.8+0.009%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776+0.051%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,774.2−0.011%$973K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,777.5+0.108%$42.8M$29.4M15xas long as short
Kalshi KXETHPERP+0.0101%8h2,772.3−0.081%$8.4M$688.6M4.9xas long as short
Extended ETH-USD+0.0104%1h2,775.1+0.021%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,773.8−0.028%—$43.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,776.8+0.081%$90.8M$338.2M100xas long as short
Orderly PERP_ETH_USDC+0.0144%8h2,778.1+0.128%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0175%8h2,770−0.163%$286.6M$193.5M150xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,771.5−0.110%$252K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0206%1h2,774.2−0.011%$7.4M$1.2M25xas long as short