ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.07 per $10,000 · paid last 24h 0.000%

Price spread now: StandX against Nado−0.051%7-day average +0.001% · 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−$23as in the Price arb table

costs, in and out, $10k−$180.182% of the position

Long on Nado Short on StandX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.051%, 7d avg +0.001%

Together, before fees+0.055%+ Points / potential airdropNado: Active · StandX: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.052% cheaper against Nado than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of +0.001%). If the spread goes back, that is −$5 on $10k: about 2.9 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.002% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ETH-PERP	2,777.6	0.0041	pay 0.0005% / 1h	42m 45s	$14.3M	$117.8M	50x
Short	StandX ETH-USD	2,776.2	0.0100	get 0.0013% / 1h	42m 45s	$21.4M	$57.9M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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

Position, each leg$Hold fordaysFee NadobpFee StandXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $12.44
Price spread: −0.051% → +0.001%: −$5.2
Slippage, 4 orders: −$3.21
Fee Nado: 3.5 bp × 2 orders: −$7
Fee StandX: 4 bp × 2 orders: −$8
Net: −$10.98
Costs to cover: 0.182%
Break-even: 13.2 days

Slippage from Nado: live order book, 1 min ago; StandX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Nado live order book, 1 min ago	0.18 bp	3.7 bp −$4	3.7 bp −$37	5.7 bp −$571	14.3 bp −$7,159
Sell StandX live order book, 1 min ago	1.08 bp	5.8 bp −$6	7.7 bp −$77	11.7 bp −$1,172	doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,776.6	−0.037%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,777.4	−0.006%	$5.8M	$12.0M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,778.1	+0.018%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,775.7	−0.069%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,778	+0.014%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0020%	1h	2,775	−0.095%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,781.6	+0.142%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,774.2	−0.123%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,777.5	−0.004%	$22.4M	—	200x	as long as short
Phemex ETHUSDT	+0.0012%	8h	2,777	−0.021%	$267.4M	$65.7M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0017%	8h	2,779.9	+0.083%	—	$17.3M	—	as long as short
OKX ETH-USDT-SWAP	+0.0019%	8h	2,780.1	+0.091%	$1.71B	$11.83B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,777.3	−0.012%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0034%	8h	2,780.4	+0.099%	$257.0M	$989.6M	200x	as long as short
Bullet ETH-USD	+0.0036%	1h	2,776.4	−0.042%	$182K	$1.8M	20x	as long as short
Nado ETH-PERPlong	+0.0041%	1h	2,777.6	long leg	$14.3M	$117.8M	50x
MEXC ETH_USDT	+0.0056%	8h	2,780.6	+0.107%	$1.62B	$2.64B	500x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,774.6	−0.108%	$5.0M	$636K	20x	as long as short
Binance ETHUSDT	+0.0056%	8h	2,780.5	+0.103%	$6.46B	$17.11B	150x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,780.5	+0.104%	$2.11B	$3.10B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0081%	1h	2,778.8	+0.042%	$258.4M	$221.6M	50x	as long as short
Gate ETH_USDT	+0.0082%	8h	2,781	+0.122%	$3.29B	$9.56B	200x	as long as short
HTX ETH-USDT	+0.0094%	8h	2,777.4	−0.007%	$1.08B	$1.31B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,780.5	+0.103%	$115.1M	$497.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,782.9	+0.190%	$25.5M	$120.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,777.4	−0.006%	—	$41.3M	500x	as long as short
Hibachi ETH/USDT-P	+0.0096%	1h	2,778.5	+0.033%	$287K	$1.5M	20x	as long as short
Bybit ETHUSDT	+0.0096%	8h	2,780.4	+0.099%	$2.52B	$4.60B	150x	as long as short
SoDEX ETH-USD	+0.0098%	1h	2,777.1	−0.018%	$55.3M	$228.7M	40x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,781	+0.123%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,777.7	+0.003%	$483K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,782.9	+0.191%	$3.20B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,780.9	+0.119%	$31.3M	$295.5M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,779.3	+0.061%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,782.2	+0.167%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.6	−0.252%	$166.0M	$246.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,781	+0.120%	$426.4M	$737.5M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,778.8	+0.041%	$15.2M	$44.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,773.8	−0.136%	$135.8M	$327.0M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,775.5	−0.075%	$179.9M	$780.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776.5	−0.039%	$161.5M	$93.1M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,776.6	−0.038%	$8.7M	$32.6M	100x	as long as short
StandX ETH-USDshort	+0.0100%	1h	2,776.2	−0.051%	$21.4M	$57.9M	40x
Polymarket Perps ETH-USD	+0.0100%	1h	2,779	+0.050%	$10.8M	$7.7M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,779.3	+0.061%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,776.2	−0.051%	$975K	$14.0M	100x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,777.9	+0.011%	—	$1.1M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,780.2	+0.094%	$31.4M	$74.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,778.7	+0.039%	$60.1M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0110%	8h	2,778.2	+0.021%	$8.6M	$672.9M	4.9x	as long as short
Bluefin ETH-PERP	+0.0125%	1h	2,777.6	−0.001%	$21K	$24K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0139%	8h	2,779.4	+0.064%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0169%	1h	2,778.5	+0.033%	$86.2M	$330.4M	100x	as long as short
BloFin ETH-USDT	+0.0176%	8h	2,778	+0.013%	$285.6M	$194.6M	150x	as long as short
Reya ETHRUSDPERP	+0.0188%	1h	2,777.3	−0.012%	$7.4M	$1.1M	25x	as long as short