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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 08:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter RH against Nado+0.068%7-day average +0.012% · 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−$4as in the Price arb table
costs, in and out, $10k−$100.101% of the position
Long on NadoShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.001%$0 on $10k
Price spread, last 7 days−0.066%−$7 · spread now +0.068%, 7d avg +0.012%
Together, before fees−0.067%+ Points / potential airdropNado: Active · Lighter RH: Points live · farm board−$7 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: Lighter RH is 0.057% dearer against Nado than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,730.50.0100pay 0.0012% / 1h41m 25s$14.0M$104.9M50x
ShortLighter RH ETH2,732.30.0096get 0.0012% / 1h41m 25s$23.5M$102.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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: +0.068% → +0.012%
$5.65
Slippage, 4 orders
−$3.12
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$5.31
Costs to cover
0.101%
Break-even
never at this rate
Slippage from Nado: live order book, 3 min ago; Lighter RH: live order book, 3 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, 3 min ago0.18 bp3.7 bp −$43.7 bp −$375.0 bp −$50412.2 bp −$6,115
Sell Lighter RH live order book, 3 min ago1.10 bp1.1 bp −$12.1 bp −$218.2 bp −$82052.5 bp −$26.3K

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
BloFin ETH-USDT−0.0189%8h2,730−0.016%$281.1M$177.9M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,731+0.020%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,732.8+0.086%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.3+0.067%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,731.3+0.029%$10.5M$42.6M50xas long as short
Kalshi KXETHPERP0.0000%8h2,731.1+0.023%$6.4M$681.4M4.9xas long as short
Perpl ETH0.0000%43m2,730.5+0.003%$286K$5.7M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,732.7+0.082%$262.4M$212.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,732.5+0.074%$33.0M—200xas long as short
BingX ETH-USDT+0.0019%8h2,730.1−0.013%—$1.10B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0023%8h2,729.9−0.019%$2.33B$4.36B150xas long as short
HTX ETH-USDT+0.0029%8h2,731.4+0.035%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,731+0.020%$191K$889K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,732.3+0.067%$117K$20.2M52xas long as short
ApeX Omni ETHUSDT+0.0057%1h2,731.2+0.028%$8.6M$31.6M100xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,732.6+0.077%$82.2M$309.4M100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,730.3−0.005%$383.9M$577.3M100xas long as short
Hibachi ETH/USDT-P+0.0072%1h2,732.8+0.085%$242K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0074%8h2,730−0.017%$1.65B$10.85B100xas long as short
Aster ETHUSDT+0.0081%8h2,730.4−0.002%$252.9M$849.3M200xas long as short
MEXC ETH_USDT+0.0093%8h2,730.3−0.007%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0094%8h2,730.3−0.006%$6.32B$16.14B150xas long as short
Lighter ETH+0.0096%1h2,731.2+0.026%$112.6M$429.7M50xas long as short
Lighter RH ETHshort+0.0096%1h2,732.3+0.068%$23.5M$102.0M50x
Aevo ETH-PERP+0.0096%1h2,729.1−0.049%$4.9M$183K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,730−0.017%$501K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,734.4+0.146%$15.4M$7.7M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,730.5long leg$14.0M$104.9M50x
Hyperliquid ETH+0.0100%1h2,733.4+0.108%$3.12B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,731.5+0.040%$32.1M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.9+0.016%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.1+0.023%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,729.5−0.034%$162.7M$356.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.4−0.002%$3.31B$8.86B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.4−0.003%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732+0.056%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,731.6+0.043%$134.1M$318.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,730.4−0.002%$185.7M$681.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732+0.057%$158.8M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,731.5+0.038%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,732.2+0.065%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,731.6+0.042%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,731.9+0.052%$184K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,731.3+0.031%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,733.5+0.110%$41.0M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,730.2−0.010%$957K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,731.8+0.049%$54.4M$187.2M40xas long as short
Phemex ETHUSDT+0.0100%8h2,731.9+0.053%$263.3M$64.5M150xas long as short
Aftermath Perps ETHUSD+0.0104%1h2,731.6+0.041%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,729.4−0.038%$30.4M$72.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,730.8+0.011%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.3+0.102%$46.6M$4.30B50xas long as short
RISEx ETH/USDC+0.0114%1h2,731.1+0.023%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0183%1h2,731+0.021%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,732.5+0.075%$32.2M$11.2M100xas long as short