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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Nado−0.016%7-day average −0.064% · 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−$8as in the Price arb table
costs, in and out, $10k−$130.127% of the position
Long on NadoShort on Extended
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.006%+$1 on $10k
Price spread, last 7 days−0.007%−$1 · spread now −0.016%, 7d avg −0.064%
Together, before fees0.000%+ Points / potential airdropNado: Active · Extended: Active · farm board$0 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: Extended is 0.048% dearer against Nado than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,738.50.0100pay 0.0012% / 1h53m 16s$13.9M$104.6M50x
ShortExtended ETH-USD2,738.10.0104get 0.0013% / 1h53m 16s$30.6M$72.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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: −0.016% → −0.064%
$4.79
Slippage, 4 orders
−$0.73
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$7.1
Costs to cover
0.127%
Break-even
66.1 days
Slippage from Nado: live order book, 1 min ago; Extended: live order book, 6 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, 1 min ago0.18 bp3.7 bp −$43.7 bp −$374.9 bp −$49313.4 bp −$6,682
Sell Extended live order book, 6 min ago0.18 bp2.7 bp −$32.7 bp −$274.3 bp −$42913.3 bp −$6,669

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%43m2,738.4−0.003%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,740.3+0.065%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,739.1+0.021%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,739+0.016%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,739.5+0.034%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,739+0.017%$182K$834K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.098%$832K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,739.2+0.024%$25.4M—200xas long as short
BingX ETH-USDC+0.0055%8h2,738.4−0.006%—$18.4M—as long as short
Bullet ETH-USD+0.0059%1h2,738.3−0.007%$180K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0062%1h2,738.5−0.001%$54.5M$187.6M40xas long as short
OKX ETH-USDT-SWAP+0.0070%8h2,739+0.017%$1.68B$10.59B100xas long as short
KuCoin ETHUSDTM+0.0073%8h2,738.5−0.003%$380.6M$573.4M100xas long as short
Aster ETHUSDT+0.0084%8h2,738.5−0.002%$253.3M$840.3M200xas long as short
Aevo ETH-PERP+0.0088%1h2,736.3−0.082%$4.9M$154K20xas long as short
MEXC ETH_USDT+0.0091%8h2,738.50.000%$1.56B$2.52B500xas long as short
Binance ETHUSDT+0.0091%8h2,738.50.000%$6.36B$15.70B150xas long as short
Lighter ETH+0.0096%1h2,738.7+0.007%$112.5M$431.3M50xas long as short
Lighter RH ETH+0.0096%1h2,740.3+0.063%$24.5M$102.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,739.3+0.027%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,739.1+0.019%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,742.4+0.142%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,737.9−0.023%$499K$3.2M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,738.5long leg$13.9M$104.6M50x
Hyperliquid ETH+0.0100%1h2,740.7+0.079%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,739+0.017%$31.7M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,738.8+0.010%$2.43B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,738.7+0.006%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,738.9+0.014%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.082%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,738.8+0.009%$3.39B$8.68B200xas long as short
Bitget ETHUSDT+0.0100%8h2,738.9+0.014%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,739.3+0.027%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,741+0.089%$133.2M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.9+0.049%$182.1M$665.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,737.4−0.043%$159.2M$83.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,734.9−0.131%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,740.7+0.079%$21.2M$69.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,740+0.054%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,740.5+0.072%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,737.8−0.026%$961K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,738.4−0.005%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,738.4−0.003%$266.1M$65.1M150xas long as short
Vest ETH-PERP+0.0100%1h2,739.5+0.037%—$843K50xas long as short
Extended ETH-USDshort+0.0104%1h2,738.1−0.016%$30.6M$72.3M50x
Coinbase International ETH-PERP-INTX+0.0112%1h2,740.3+0.066%$51.1M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0126%1h2,740.1+0.058%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0157%8h2,739.2+0.025%$7.7M$672.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,741+0.091%$32.2M$11.5M100xas long as short
Deribit ETH-PERPETUAL+0.0195%1h2,740.3+0.065%$260.0M$194.8M50xas long as short
BloFin ETH-USDT+0.0211%8h2,738.4−0.005%$285.5M$172.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,739.4+0.033%$86.0M$309.6M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,738.2−0.012%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,740.3+0.066%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.1989%1h2,739.3+0.029%$21K$20K25xas long as short