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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 23:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.010%
Price spread now: HTX against Nado−0.007%7-day average −0.015% · 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−$19as in the Price arb table
costs, in and out, $10k−$190.194% of the position
Long on NadoShort on HTX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.026%−$3 on $10k
Price spread, last 3 days (all we have)−0.045%−$5 · spread now −0.007%, 7d avg −0.015%
Together, before fees−0.071%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,773.20.0058pay 0.0007% / 1h8m 49s$14.2M$118.1M50x
ShortHTX ETH-USDT2,7730.0089get 0.0089% / 8h1h 08m$1.08B$1.32B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$6.53
Price spread: −0.007% → −0.015%
$0.78
Slippage, 4 orders
−$0.4
Fee Nado: 3.5 bp × 2 orders
−$7
Fee HTX: 6 bp × 2 orders
−$12
Net
−$12.08
Costs to cover
0.194%
Break-even
19.9 days
Slippage from Nado: live order book, 5 min ago; HTX: 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 −$376.3 bp −$63215.1 bp −$7,537
Sell HTX live order book, 5 min ago0.02 bp6.0 bp −$66.0 bp −$607.0 bp −$69810.5 bp −$5,243

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%43m2,773.5+0.010%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,772.5−0.024%$5.7M$11.8M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.1−0.003%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.232%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,773−0.006%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0004%1h2,773.6+0.017%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,772.4−0.028%$12.7M$45.7M50xas long as short
Phoenix ETH0.0000%1h2,773.5+0.012%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.1+0.034%$22.4M—200xas long as short
BingX ETH-USDC+0.0015%8h2,773.1−0.001%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0018%8h2,773.8+0.021%$1.70B$11.85B100xas long as short
Phemex ETHUSDT+0.0024%8h2,773.7+0.018%$270.1M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,774+0.030%$12.9M—200xas long as short
Bullet ETH-USD+0.0027%1h2,773.1−0.002%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0032%8h2,773.8+0.024%$255.9M$994.9M200xas long as short
Nado ETH-PERPlong+0.0058%1h2,773.2long leg$14.2M$118.1M50x
Binance ETHUSDT+0.0060%8h2,774+0.029%$6.43B$17.22B150xas long as short
MEXC ETH_USDT+0.0061%8h2,774.1+0.032%$1.61B$2.68B500xas long as short
ApeX Omni ETHUSDT+0.0062%1h2,772.2−0.036%$8.7M$32.6M100xas long as short
Aevo ETH-PERP+0.0064%1h2,771−0.077%$5.0M$636K20xas long as short
SoDEX ETH-USD+0.0065%1h2,773.3+0.005%$55.2M$228.9M40xas long as short
Bitget ETHUSDT+0.0067%8h2,773.8+0.024%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,774+0.028%$3.29B$9.67B200xas long as short
Deribit ETH-PERPETUAL+0.0082%1h2,775+0.065%$258.5M$222.2M50xas long as short
HTX ETH-USDTshort+0.0089%8h2,773−0.007%$1.08B$1.32B200x
Bybit ETHUSDT+0.0092%8h2,774.1+0.032%$2.52B$4.62B150xas long as short
Lighter ETH+0.0096%1h2,773.9+0.026%$115.0M$502.9M50xas long as short
Lighter RH ETH+0.0096%1h2,775.3+0.078%$25.4M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.9+0.026%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0096%8h2,773.8+0.021%$422.0M$739.0M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,772.3−0.030%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.3+0.005%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,776.4+0.116%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,772.9−0.010%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.6−0.057%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,774+0.029%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.085%$166.1M$253.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774.1+0.033%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,770.9−0.084%$144.7M$334.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.1−0.075%$181.4M$779.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.5−0.024%$161.3M$91.1M50xas long as short
StandX ETH-USD+0.0100%1h2,772−0.042%$21.4M$58.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,773.20.000%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,774.6+0.052%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,773.6+0.014%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,775.7+0.092%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,772.6−0.019%$972K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,773.4+0.007%$32.6M$77.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,774.6+0.053%$59.8M$4.60B50xas long as short
Kalshi KXETHPERP+0.0124%8h2,773.4+0.008%$8.3M$681.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,776.2+0.109%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,774.5+0.047%$86.0M$332.5M100xas long as short
BloFin ETH-USDT+0.0180%8h2,773.3+0.006%$284.7M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0194%1h2,773.3+0.003%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,771.7−0.055%$270K$1.5M20xas long as short