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 23:00 UTC+0.0110%/8h= +12.1% APRnext payment +$0.14 per $10,000 · paid last 24h −0.001%
Price spread now: Kraken Futures against Nado+0.053%7-day average +0.009% · 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−$14as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Long on NadoShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.008%−$1 on $10k
Price spread, last 3 days (all we have)−0.074%−$7 · spread now +0.053%, 7d avg +0.009%
Together, before fees−0.083%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.045% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,770.20.0060pay 0.0007% / 1h10m 09s$14.2M$118.1M50x
ShortKraken Futures PF_ETHUSD2,771.70.0170get 0.0021% / 1h10m 09s$85.9M$332.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$23.17
Price spread: +0.053% → +0.009%
$4.47
Slippage, 4 orders
−$1.36
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$9.28
Costs to cover
0.184%
Break-even
4.2 days
Slippage from Nado: live order book, 4 min ago; Kraken Futures: live order book, 4 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, 4 min ago0.18 bp3.7 bp −$43.7 bp −$376.3 bp −$63215.1 bp −$7,537
Sell Kraken Futures live order book, 4 min ago0.18 bp5.5 bp −$66.1 bp −$617.8 bp −$78311.3 bp −$5,664

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%43m2,770.5+0.008%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,770−0.007%$5.7M$11.8M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.5+0.046%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.338%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,770.7+0.017%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0001%1h2,774.4+0.151%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,772.4+0.079%$12.7M$45.6M50xas long as short
Phoenix ETH0.0000%1h2,773.5+0.118%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771+0.028%$22.4M—200xas long as short
BingX ETH-USDC+0.0015%8h2,771.1+0.030%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0018%8h2,771.3+0.038%$1.70B$11.84B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,770.9+0.023%$12.9M—200xas long as short
Phemex ETHUSDT+0.0027%8h2,771+0.029%$269.7M$68.7M150xas long as short
Bullet ETH-USD+0.0027%1h2,770−0.008%$180K$1.7M20xas long as short
Aster ETHUSDT+0.0032%8h2,771.6+0.050%$255.7M$993.4M200xas long as short
Deribit ETH-PERPETUAL+0.0039%1h2,772+0.064%$258.5M$222.5M50xas long as short
Nado ETH-PERPlong+0.0060%1h2,770.2long leg$14.2M$118.1M50x
Binance ETHUSDT+0.0062%8h2,771.6+0.049%$6.43B$17.22B150xas long as short
MEXC ETH_USDT+0.0062%8h2,771.4+0.041%$1.61B$2.68B500xas long as short
ApeX Omni ETHUSDT+0.0062%1h2,772.2+0.070%$8.7M$32.6M100xas long as short
SoDEX ETH-USD+0.0063%1h2,770.4+0.006%$55.2M$228.9M40xas long as short
Aevo ETH-PERP+0.0064%1h2,768−0.082%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0067%8h2,771.4+0.044%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,771.6+0.050%$3.29B$9.67B200xas long as short
HTX ETH-USDT+0.0090%8h2,769.9−0.012%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,771.8+0.056%$2.51B$4.62B150xas long as short
Lighter ETH+0.0096%1h2,771.4+0.043%$114.9M$502.8M50xas long as short
Lighter RH ETH+0.0096%1h2,772.8+0.094%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,771.4+0.042%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0096%8h2,770.1−0.005%$421.8M$738.9M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770−0.009%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.8+0.021%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,774+0.136%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,770.8+0.019%$31.2M$302.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.2−0.001%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.9+0.060%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8+0.022%$166.1M$253.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.8+0.058%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,770.9+0.023%$144.7M$334.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,772.6+0.087%$181.5M$779.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.5+0.082%$161.3M$91.1M50xas long as short
StandX ETH-USD+0.0100%1h2,772.7+0.089%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,771.3+0.039%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.2+0.034%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.7+0.090%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,769.6−0.021%$972K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,771.1+0.031%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,769.8−0.014%$32.6M$77.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,771.7+0.052%$59.7M$4.59B50xas long as short
Kalshi KXETHPERP+0.0124%8h2,771.4+0.042%$8.3M$681.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,773.1+0.102%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSDshort+0.0170%1h2,771.7+0.053%$85.9M$332.5M100x
BloFin ETH-USDT+0.0183%8h2,770.8+0.020%$284.2M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0194%1h2,769.6−0.023%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,773.9+0.132%$270K$1.5M20xas long as short