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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+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.001%
Price spread now: Ondo Perps against Nado−0.022%7-day average −0.038% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on NadoShort on Ondo Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.003%$0 on $10k
Price spread, last 7 days−0.133%−$13 · spread now −0.022%, 7d avg −0.038%
Together, before fees−0.130%+ Points / potential airdropNado: Active · Ondo Perps: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.038%, 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-PERP2,770.90.0060pay 0.0007% / 1h11m 36s$14.2M$118.1M50x
ShortOndo Perps ETH-USD.P2,770.30.0100get 0.0013% / 1h11m 36s$2.8M$17.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$8.45
Price spread: −0.022% → −0.038%
$1.64
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$1.9
Costs to cover
0.120%
Break-even
8.6 days
Slippage unknown: Nado: live order book, 3 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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 −$376.3 bp −$63215.1 bp −$7,537
Sell Ondo Perps no order-book sample—————
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%43m2,772.9+0.073%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,770.7−0.006%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.5+0.058%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.314%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,771.7+0.029%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,775.7+0.172%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,772.4+0.054%$12.7M$45.6M50xas long as short
Phoenix ETH0.0000%1h2,773.5+0.094%$885K$3.7M25xas long as short
Deribit ETH-PERPETUAL+0.0002%1h2,774+0.111%$258.5M$222.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.4+0.089%$22.4M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0015%8h2,771.3+0.014%—$1.18B—as long as short
OKX ETH-USDT-SWAP+0.0018%8h2,770.9+0.001%$1.70B$11.84B100xas long as short
Phemex ETHUSDT+0.0024%8h2,772.5+0.058%$269.8M$68.6M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,773.2+0.084%$12.9M—200xas long as short
Bullet ETH-USD+0.0028%1h2,772.4+0.055%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0034%8h2,771.1+0.006%$255.6M$992.4M200xas long as short
Nado ETH-PERPlong+0.0060%1h2,770.9long leg$14.2M$118.1M50x
ApeX Omni ETHUSDT+0.0062%1h2,772.2+0.046%$8.7M$32.6M100xas long as short
Binance ETHUSDT+0.0063%8h2,771.1+0.006%$6.43B$17.21B150xas long as short
MEXC ETH_USDT+0.0064%8h2,770.7−0.007%$1.61B$2.68B500xas long as short
Aevo ETH-PERP+0.0064%1h2,770.9−0.001%$5.0M$636K20xas long as short
SoDEX ETH-USD+0.0065%1h2,772.4+0.054%$55.2M$228.9M40xas long as short
Bitget ETHUSDT+0.0068%8h2,770.9+0.001%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,771.1+0.008%$3.29B$9.66B200xas long as short
HTX ETH-USDT+0.0092%8h2,772.5+0.057%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,771.2+0.012%$2.51B$4.62B150xas long as short
Lighter ETH+0.0096%1h2,772.2+0.048%$114.9M$502.5M50xas long as short
Lighter RH ETH+0.0096%1h2,773.5+0.095%$25.3M$121.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.4+0.091%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0097%8h2,771.6+0.027%$422.0M$738.9M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,771.3+0.014%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.3+0.014%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.3+0.123%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,771.9+0.037%$31.2M$302.0M50xas long as short
Ondo Perps ETH-USD.Pshort+0.0100%1h2,770.3−0.022%$2.8M$17.0M25x
Arcus ETH-USD+0.0100%1h2,772.3+0.050%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.9+0.289%$165.9M$253.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.5+0.059%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,774.7+0.139%$141.6M$331.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,772.6+0.063%$181.5M$779.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.5+0.057%$161.3M$91.1M50xas long as short
StandX ETH-USD+0.0100%1h2,773.5+0.094%$21.4M$58.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,771.8+0.033%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.2+0.047%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,773.5+0.093%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,774.9+0.143%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,771.9+0.037%$972K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,770.2−0.025%$32.6M$77.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,773.6+0.096%$59.7M$4.60B50xas long as short
Kalshi KXETHPERP+0.0125%8h2,773.4+0.090%$8.4M$680.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,775.2+0.154%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,773.4+0.089%$86.0M$332.4M100xas long as short
BloFin ETH-USDT+0.0184%8h2,772.5+0.058%$283.9M$194.3M150xas long as short
Reya ETHRUSDPERP+0.0194%1h2,770.8−0.003%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,773.9+0.107%$270K$1.5M20xas long as short