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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.010%
Price spread now: SoDEX against Nado−0.007%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$160.157% of the position
Long on NadoShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.026%−$3 on $10k
Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.007%, 7d avg −0.011%
Together, before fees−0.045%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.011%, 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-PERP2,726.40.0100pay 0.0012% / 1h36m 36s$14.1M$105.3M50x
ShortSoDEX ETH-USD2,726.20.0064get 0.0008% / 1h36m 36s$54.3M$187.5M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
−$7.51
Price spread: −0.007% → −0.011%
$0.38
Slippage, 4 orders
−$0.73
Fee Nado: 3.5 bp × 2 orders
−$7
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$22.87
Costs to cover
0.157%
Break-even
never at this rate
Slippage from Nado: live order book, 3 min ago; SoDEX: 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 −$375.2 bp −$52512.6 bp −$6,320
Sell SoDEX live order book, 3 min ago0.18 bp4.2 bp −$44.2 bp −$425.8 bp −$58234.3 bp −$17.1K

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
ApeX Omni ETHUSDT−0.0113%1h2,727.4+0.037%$8.6M$31.4M100xas long as short
Perpl ETH−0.0112%43m2,725.7−0.027%$290K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.3−0.003%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.6+0.044%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.9+0.019%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,727.4+0.037%$816K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,725.9−0.019%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,727+0.022%$6.7M$689.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,727+0.021%$262.7M$215.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,726.3−0.005%$32.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0009%8h2,725.8−0.022%$1.05B$1.23B200xas long as short
01 Exchange ETHUSD+0.0024%1h2,726.1−0.011%$192K$895K50xas long as short
BingX ETH-USDT+0.0027%8h2,725.6−0.030%—$1.11B—as long as short
Bybit ETHUSDT+0.0033%8h2,725.1−0.049%$2.34B$4.42B150xas long as short
SoDEX ETH-USDshort+0.0064%1h2,726.2−0.007%$54.3M$187.5M40x
KuCoin ETHUSDTM+0.0073%8h2,725.3−0.041%$376.0M$577.6M100xas long as short
Aster ETHUSDT+0.0083%8h2,725.2−0.045%$251.8M$849.9M200xas long as short
SunX ETH-USDT+0.0085%8h2,726.2−0.008%$955K$11.1M100xas long as short
Aftermath Perps ETHUSD+0.0085%1h2,727.6+0.043%$30K$20K20xas long as short
Aevo ETH-PERP+0.0088%1h2,723.9−0.090%$4.9M$165K20xas long as short
OKX ETH-USDT-SWAP+0.0088%8h2,724.6−0.067%$1.65B$10.92B100xas long as short
MEXC ETH_USDT+0.0090%8h2,725.1−0.047%$1.52B$2.59B500xas long as short
Binance ETHUSDT+0.0091%8h2,725.5−0.032%$6.32B$16.18B150xas long as short
Lighter ETH+0.0096%1h2,725.9−0.020%$111.9M$434.1M50xas long as short
Lighter RH ETH+0.0096%1h2,727.2+0.030%$23.4M$103.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,725.3−0.040%$508K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,729.2+0.104%$15.3M$8.0M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,726.4long leg$14.1M$105.3M50x
Hyperliquid ETH+0.0100%1h2,727.9+0.055%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,726.5+0.005%$31.9M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,724.9−0.055%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,726.1−0.011%$1.5M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,727.3+0.032%$162.4M$353.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,725.7−0.025%$3.29B$8.97B200xas long as short
Bitget ETHUSDT+0.0100%8h2,725.3−0.040%$2.08B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,725.4−0.038%$15.0M$41.9M50xas long as short
Variational Omni ETH+0.0100%8h2,726.2−0.009%$133.5M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.5−0.068%$184.7M$681.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.6+0.009%$158.4M$87.4M50xas long as short
StandX ETH-USD+0.0100%1h2,726.9+0.019%$21.0M$69.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,727.8+0.052%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,727.8+0.052%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,726.4+0.001%$180K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,726.8+0.016%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.9+0.054%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,726.2−0.008%$262.8M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,724.3−0.076%$30.4M$74.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,726.7+0.010%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,727.7+0.048%$50.1M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,727.2+0.030%$5.6M$11.7M25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,728.7+0.086%$32.1M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0192%1h2,725.7−0.024%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,726.9+0.017%$83.2M$311.7M100xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,726.5+0.004%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0363%8h2,726.2−0.009%$281.8M$175.4M150xas long as short