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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 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Pacifica against Nado+0.014%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−$13as in the Price arb table
costs, in and out, $10k−$160.157% of the position
Long on NadoShort on Pacifica
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−0.008%−$1 · spread now +0.014%, 7d avg −0.009%
Together, before fees−0.005%+ Points / potential airdropNado: Active · Pacifica: Active · farm board−$1 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: Pacifica is 0.023% dearer against Nado than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,775.40.0100pay 0.0012% / 1h35m 30s$14.3M$118.2M50x
ShortPacifica ETH2,775.80.0100get 0.0013% / 1h35m 30s$31.2M$310.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$0
Price spread: +0.014% → −0.009%
$2.33
Slippage, 4 orders
−$0.72
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$13.39
Costs to cover
0.157%
Break-even
1375236216481137.0 days
Slippage from Nado: live order book, 4 min ago; Pacifica: 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 −$375.5 bp −$54514.5 bp −$7,253
Sell Pacifica live order book, 4 min ago0.18 bp4.2 bp −$44.6 bp −$46doesn't fitdoesn'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−0.0447%43m2,775.9+0.016%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,775.5+0.003%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.234%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776+0.021%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0050%1h2,776.9+0.054%$8.9M$32.8M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,775.9+0.018%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,776.1+0.024%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,778.6+0.115%$879K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.5+0.003%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0007%1h2,779+0.128%$29K$22K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,774.7−0.026%—$1.21B—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,774.2−0.042%$1.70B$11.87B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,775.7+0.009%$12.9M—200xas long as short
Phemex ETHUSDT+0.0030%8h2,776.4+0.036%$270.6M$68.9M150xas long as short
Aster ETHUSDT+0.0036%8h2,775.40.000%$256.6M$1.00B200xas long as short
Bullet ETH-USD+0.0049%1h2,774.8−0.022%$182K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0056%1h2,777.4+0.071%$259.0M$222.9M50xas long as short
SoDEX ETH-USD+0.0057%1h2,775.6+0.007%$55.3M$229.1M40xas long as short
Binance ETHUSDT+0.0064%8h2,774.8−0.020%$6.46B$17.29B150xas long as short
Aevo ETH-PERP+0.0064%1h2,773.5−0.069%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0065%8h2,775−0.014%$1.60B$2.64B500xas long as short
Bitget ETHUSDT+0.0067%8h2,775−0.014%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0070%8h2,774.9−0.018%$3.30B$9.63B200xas long as short
KuCoin ETHUSDTM+0.0088%8h2,775.5+0.004%$421.9M$739.8M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,777.5+0.075%$60.0M$4.60B50xas long as short
Bybit ETHUSDT+0.0091%8h2,774.4−0.036%$2.51B$4.63B150xas long as short
HTX ETH-USDT+0.0094%8h2,776+0.021%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0095%1h2,775.9+0.017%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,775.9+0.019%$116.0M$497.4M50xas long as short
Lighter RH ETH+0.0096%1h2,777.3+0.066%$25.3M$121.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.5+0.041%—$42.0M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,774.7−0.024%$15.9M$10.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,775.7+0.010%$477K$2.7M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,775.4long leg$14.3M$118.2M50x
Hyperliquid ETH+0.0100%1h2,777.6+0.079%$3.19B$2.35B25xas long as short
Pacifica ETHshort+0.0100%1h2,775.8+0.014%$31.2M$310.5M50x
Ondo Perps ETH-USD.P+0.0100%1h2,774.8−0.022%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,776.6+0.043%$2.8M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9+0.089%$167.7M$256.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.5+0.039%$15.1M$44.4M50xas long as short
Variational Omni ETH+0.0100%8h2,775.8+0.012%$147.4M$335.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.7+0.047%$182.3M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5+0.039%$161.4M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,777.5+0.075%$21.5M$58.5M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,775.7+0.010%$10.7M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.1+0.061%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.3+0.103%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.5+0.001%$973K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,775.1−0.010%$32.7M$78.0M50xas long as short
Kalshi KXETHPERP+0.0119%8h2,776.9+0.054%$8.3M$685.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,777.3+0.067%$86.6M$333.6M100xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,777.2+0.063%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0186%8h2,776.1+0.025%$286.6M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0200%1h2,774.7−0.025%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,777.2+0.064%$252K$1.6M20xas long as short