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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−0.0009%/8h= −1.0% APRpaid last 24h −0.006%
Price spread now: MEXC against Nado+0.027%7-day average −0.018% · 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−$5as in the Price arb table
costs, in and out, $10k−$90.094% of the position
Long on NadoShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.023%−$2 on $10k
Price spread, last 7 days−0.019%−$2 · spread now +0.027%, 7d avg −0.018%
Together, before fees−0.042%+ Points / potential airdropNado: Active · farm board−$4 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: MEXC is 0.045% dearer against Nado than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,735.50.0100pay 0.0012% / 1h51m 12s$13.9M$104.6M50x
ShortMEXC ETH_USDT2,736.20.0091get 0.0091% / 8h4h 51m$1.56B$2.52B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Nado. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$1.89
Price spread: +0.027% → −0.018%
$4.49
Slippage, 4 orders
−$0.4
Fee Nado: 3.5 bp × 2 orders
−$7
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$6.8
Costs to cover
0.094%
Break-even
never at this rate
Slippage from Nado: live order book, 3 min ago; MEXC: 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 −$374.9 bp −$49313.4 bp −$6,682
Sell MEXC live order book, 3 min ago0.02 bp1.0 bp −$11.2 bp −$121.6 bp −$1634.3 bp −$2,152

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%43m2,735.2−0.013%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,739.3+0.139%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,736.3+0.029%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736.5+0.036%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,736.2+0.025%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,736.3+0.029%$181K$834K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.208%$832K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.1+0.022%$25.7M—200xas long as short
Bullet ETH-USD+0.0047%1h2,735.9+0.014%$180K$1.7M20xas long as short
SoDEX ETH-USD+0.0049%1h2,735.8+0.011%$54.5M$187.6M40xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0055%8h2,735.8+0.010%—$18.4M—as long as short
OKX ETH-USDT-SWAP+0.0071%8h2,736.5+0.035%$1.68B$10.61B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,736.1+0.022%$380.9M$573.3M100xas long as short
Aster ETHUSDT+0.0083%8h2,737+0.054%$253.1M$840.5M200xas long as short
Aevo ETH-PERP+0.0088%1h2,733.1−0.086%$4.9M$154K20xas long as short
MEXC ETH_USDTshort+0.0091%8h2,736.2+0.027%$1.56B$2.52B500x
Binance ETHUSDT+0.0091%8h2,737.5+0.073%$6.36B$15.71B150xas long as short
Lighter ETH+0.0096%1h2,736.3+0.029%$112.6M$432.2M50xas long as short
Lighter RH ETH+0.0096%1h2,737.5+0.074%$24.2M$103.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,735.5+0.001%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,736.3+0.030%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,739.5+0.147%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,735.2−0.011%$499K$3.2M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,735.5long leg$13.9M$104.6M50x
Hyperliquid ETH+0.0100%1h2,738+0.089%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,736.4+0.033%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,736.4+0.031%$2.43B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,735.3−0.007%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,736+0.018%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.192%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,736.5+0.035%$3.38B$8.69B200xas long as short
Bitget ETHUSDT+0.0100%8h2,736.4+0.033%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,736.1+0.021%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,734.9−0.022%$133.1M$324.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,738+0.090%$182.0M$665.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739+0.127%$159.4M$84.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,738+0.089%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,739.3+0.139%$21.1M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,736.9+0.051%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.2+0.062%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,737.3+0.065%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,735.3−0.007%$960K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,735.8+0.011%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,736+0.018%$265.9M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,734.8−0.027%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,737.5+0.072%$51.1M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0123%1h2,739+0.130%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0156%8h2,736.3+0.029%$7.7M$672.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,737.8+0.083%$32.2M$11.4M100xas long as short
Deribit ETH-PERPETUAL+0.0196%1h2,737.5+0.072%$260.0M$194.6M50xas long as short
BloFin ETH-USDT+0.0211%8h2,735.5+0.001%$285.2M$172.6M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,736.6+0.040%$85.6M$310.0M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,735.3−0.009%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,739.6+0.149%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.1422%1h2,736.1+0.023%$21K$20K25xas long as short