Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%
Price spread now: KuCoin against Nado+0.051%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$200.195% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.054%−$5 on $10k
Price spread, last 7 days−0.050%−$5 · spread now +0.051%, 7d avg −0.014%
Together, before fees−0.104%+ Points / potential airdropNado: Active · farm board−$10 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: KuCoin is 0.066% dearer against Nado than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,768.20.0100pay 0.0012% / 1h28m 45s$14.7M$116.9M50x
ShortKuCoin ETHUSDTM2,769.70.0100get 0.0100% / 8h2h 28m$425.0M$740.7M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.051% → −0.014%
$6.57
Slippage, 4 orders
−$0.53
Fee Nado: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$12.96
Costs to cover
0.195%
Break-even
1331611110833068.8 days
Slippage from Nado: live order book, 5 min ago; KuCoin: 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 −$43.8 bp −$386.1 bp −$61314.6 bp −$7,307
Sell KuCoin live order book, 5 min ago0.02 bp6.0 bp −$67.2 bp −$7210.2 bp −$1,021doesn't fit

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−0.0112%43m2,768.7+0.018%$289K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.077%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.4+0.042%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,769+0.028%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,768.8+0.021%$795K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,768.8+0.019%$5.8M$11.8M25xas long as short
ApeX Omni ETHUSDT−0.0008%1h2,768.6+0.012%$8.8M$32.5M100xas long as short
dYdX ETH-USD0.0000%1h2,769.3+0.040%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769.2+0.034%$22.4M200xas long as short
Aftermath Perps ETHUSD+0.0010%1h2,768.1−0.005%$29K$21K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0020%8h2,768.6+0.014%$266.5M$66.1M150xas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,769.6+0.048%$1.71B$11.87B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,769+0.027%$13.1M200xas long as short
Aster ETHUSDT+0.0036%8h2,769.7+0.053%$256.0M$996.0M200xas long as short
MEXC ETH_USDT+0.0045%8h2,769.5+0.046%$1.61B$2.66B500xas long as short
Binance ETHUSDT+0.0046%8h2,769.7+0.053%$6.43B$17.21B150xas long as short
Aevo ETH-PERP+0.0048%1h2,766.3−0.070%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0067%8h2,769.8+0.057%$3.29B$9.63B200xas long as short
Bitget ETHUSDT+0.0072%8h2,769.8+0.057%$2.09B$3.12B150xas long as short
Bullet ETH-USD+0.0078%1h2,768.2+0.001%$184K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,768.20.000%$140.3M$320.2Mas long as short
Lighter ETH+0.0096%1h2,769.1+0.033%$115.4M$512.0M50xas long as short
Lighter RH ETH+0.0096%1h2,770.5+0.083%$25.4M$122.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,769.4+0.042%$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,768.1−0.005%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.8+0.021%$479K$2.7M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,768.2long leg$14.7M$116.9M50x
Hyperliquid ETH+0.0100%1h2,771.1+0.104%$3.19B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,769.1+0.031%$31.2M$287.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,769.7+0.052%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768−0.008%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.6+0.087%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.9−0.084%$164.9M$256.3M25xas long as short
KuCoin ETHUSDTMshort+0.0100%8h2,769.7+0.051%$425.0M$740.7M100x
BingX ETH-USDT+0.0100%8h2,769.7+0.051%$1.18Bas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.2+0.036%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,766.7−0.057%$177.8M$792.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.6+0.014%$161.0M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,769.1+0.031%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,769.3+0.039%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.9+0.060%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.4+0.043%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,771+0.101%$42.6M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,768−0.007%$971K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,768.5+0.010%$55.1M$228.6M40xas long as short
Deribit ETH-PERPETUAL+0.0100%1h2,770.2+0.071%$258.4M$224.6M50xas long as short
HTX ETH-USDT+0.0100%8h2,768.5+0.009%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,769.1+0.030%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,770.5+0.081%$60.1M$4.62B50xas long as short
Kalshi KXETHPERP+0.0117%8h2,769.4+0.042%$8.6M$672.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0130%8h2,771.3+0.112%$32.5M$12.0M100xas long as short
BloFin ETH-USDT+0.0166%8h2,768.6+0.014%$285.5M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0182%1h2,767.3−0.033%$7.5M$992K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,769.8+0.057%$87.1M$330.2M100xas long as short
Hibachi ETH/USDT-P+0.0424%1h2,770.9+0.096%$288K$1.5M20xas long as short