Settings8H · net · $10k
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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 09:00 UTC+0.0037%/8h= +4.1% APRnext payment +$0.05 per $10,000 · paid last 24h −0.007%
Price spread now: RISEx against Nado+0.050%7-day average −0.008% · 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−$9as in the Price arb table
costs, in and out, $10k−$150.151% of the position
Long on NadoShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.004%$0 on $10k
Price spread, last 7 days−0.043%−$4 · spread now +0.050%, 7d avg −0.008%
Together, before fees−0.039%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and RISEx is 0.058% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,743.80.0100pay 0.0012% / 1h12m 46s$14.5M$99.8M50x
ShortRISEx ETH/USDC2,745.20.0137get 0.0017% / 1h12m 46s$5.6M$11.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$7.84
Price spread: +0.050% → −0.008%
$5.83
Slippage, 4 orders
−$2.1
Fee Nado: 3.5 bp × 2 orders
−$7
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$1.43
Costs to cover
0.151%
Break-even
8.3 days
Slippage from Nado: live order book, 1 min ago; RISEx: live order book, 1 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, 1 min ago0.18 bp3.7 bp −$43.7 bp −$375.3 bp −$52713.4 bp −$6,703
Sell RISEx live order book, 1 min ago0.02 bp4.7 bp −$56.2 bp −$62doesn't fitdoesn't fit

ETH on 54 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%43m2,744.4+0.022%$276K$5.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,744.4+0.021%$5K$1K50xas long as short
Bybit ETHUSDT−0.0057%8h2,746+0.080%$2.34B$4.23B150xas long as short
Phemex ETHUSDT−0.0028%8h2,743.7−0.005%$264.0M$61.8M150xas long as short
BloFin ETH-USDT−0.0026%8h2,744.2+0.012%$279.5M$174.1M150xas long as short
Phoenix ETH−0.0012%1h2,741.5−0.085%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.9+0.003%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,745.6+0.065%$11.0M$42.0M50xas long as short
Kalshi KXETHPERP0.0000%8h2,744.6+0.028%$6.6M$663.9M4.9xas long as short
Hibachi ETH/USDT-P0.0000%1h2,746.3+0.090%$242K$1.4M20xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETH-PERPETUAL0.0000%1h2,744.5+0.023%$266.0M$214.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,743.80.000%$33.1M—200xas long as short
01 Exchange ETHUSD+0.0024%1h2,744.6+0.028%$184K$904K50xas long as short
HTX ETH-USDT+0.0038%8h2,744+0.007%$1.05B$1.18B200xas long as short
Gate ETH_USDT+0.0049%8h2,745.2+0.048%$3.28B$8.43B200xas long as short
SoDEX ETH-USD+0.0061%1h2,743−0.030%$54.7M$160.1M40xas long as short
ApeX Omni ETHUSDT+0.0067%1h2,743.3−0.018%$8.3M$30.4M100xas long as short
Aster ETHUSDT+0.0070%8h2,746.1+0.083%$253.8M$798.2M200xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,745.8+0.073%$1.66B$10.22B100xas long as short
MEXC ETH_USDT+0.0080%8h2,746.2+0.085%$1.58B$2.60B500xas long as short
Aevo ETH-PERP+0.0080%1h2,740.6−0.119%$4.9M$194K20xas long as short
Binance ETHUSDT+0.0080%8h2,746+0.080%$6.35B$15.41B150xas long as short
SunX ETH-USDT+0.0082%8h2,743.6−0.009%$949K$10.2M100xas long as short
KuCoin ETHUSDTM+0.0086%8h2,746.1+0.084%$369.3M$491.7M100xas long as short
Bullet ETH-USD+0.0091%1h2,743.4−0.017%$178K$1.7M20xas long as short
Lighter ETH+0.0096%1h2,746.1+0.082%$113.7M$407.6M50xas long as short
Lighter RH ETH+0.0096%1h2,747.5+0.132%$23.8M$98.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,744.8+0.034%—$23.8M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.5+0.024%$521K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,750.7+0.250%$15.5M$6.8M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,743.8long leg$14.5M$99.8M50x
Hyperliquid ETH+0.0100%1h2,748.2+0.159%$3.13B$1.97B25xas long as short
Pacifica ETH+0.0100%1h2,746.8+0.110%$32.2M$328.1M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.5+0.061%$2.7M$16.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.8+0.110%$1.6M$15.4M25xas long as short
Bitget ETHUSDT+0.0100%8h2,746.1+0.083%$2.12B$2.54B150xas long as short
BingX ETH-USDT+0.0100%8h2,745.4+0.058%—$998.4M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744.3+0.018%$15.0M$38.5M50xas long as short
Variational Omni ETH+0.0100%8h2,743.6−0.010%$132.5M$307.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,743.4−0.015%$186.1M$690.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,744.4+0.021%$159.6M$77.6M50xas long as short
StandX ETH-USD+0.0100%1h2,746+0.079%$21.1M$71.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,745.9+0.074%—$416K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.3+0.054%$11.2M$9.1M50xas long as short
Bulk ETH-USD+0.0100%1h2,738.5−0.193%$165.3M$346.3M25xas long as short
Extended ETH-USD+0.0104%1h2,743.8−0.001%$30.4M$68.8M50xas long as short
Kraken Futures PF_ETHUSD+0.0104%1h2,743.80.000%$82.3M$292.7M100xas long as short
Aftermath Perps ETHUSD+0.0119%1h2,740.5−0.123%$30K$12K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,744.2+0.012%$45.6M$4.14B50xas long as short
RISEx ETH/USDCshort+0.0137%1h2,745.2+0.050%$5.6M$11.3M25x
Reya ETHRUSDPERP+0.0169%1h2,742.7−0.043%$7.3M$936K25xas long as short
Orderly PERP_ETH_USDC+0.0180%8h2,745.3+0.053%$32.3M$10.6M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,748.6+0.174%$118K$22.9M52xas long as short
Bluefin ETH-PERP+0.0806%1h2,744.4+0.019%$20K$15K25xas long as short