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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 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Variational Omni against Nado+0.056%7-day average −0.012% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on NadoShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.001%$0 on $10k
Price spread, last 7 days−0.066%−$7 · spread now +0.056%, 7d avg −0.012%
Together, before fees−0.065%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board−$6 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: Variational Omni is 0.067% dearer against Nado than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,7670.0100pay 0.0012% / 1h20m 02s$14.6M$113.7M50x
ShortVariational Omni ETH2,768.50.0100get 0.0100% / 8h7h 20m$137.0M$344.9M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$0
Price spread: +0.056% → −0.012%
$6.75
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$0.25
Costs to cover
0.070%
Break-even
25981828642173.9 days
Slippage unknown: Nado: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 4 min ago0.18 bp3.7 bp −$43.7 bp −$375.2 bp −$52313.4 bp −$6,688
Sell Variational Omni RFQ quote, 4 min ago0.77 bpdoesn't fit2.0 bp −$205.7 bp −$571doesn'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
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.357%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,767.9+0.031%$5.6M$11.1M25xas long as short
Perpl ETH−0.0112%43m2,767.9+0.032%$322K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.8+0.029%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,767.9+0.032%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.180%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,769.2+0.079%$12.2M$43.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,768.9+0.068%$22.4M—200xas long as short
Bullet ETH-USD+0.0019%1h2,768.1+0.038%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,767.6+0.020%$1.71B$11.13B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0032%1h2,768.2+0.043%$55.1M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,768.7+0.060%$12.7M—200xas long as short
Aster ETHUSDT+0.0049%8h2,768.1+0.040%$256.0M$885.1M200xas long as short
Gate ETH_USDT+0.0054%8h2,767.6+0.021%$3.37B$9.04B200xas long as short
Binance ETHUSDT+0.0060%8h2,766.4−0.021%$6.47B$16.28B150xas long as short
MEXC ETH_USDT+0.0061%8h2,767−0.001%$1.63B$2.64B500xas long as short
Aevo ETH-PERP+0.0064%1h2,768.2+0.042%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0072%1h2,771.8+0.173%$31K$21K20xas long as short
Bitget ETHUSDT+0.0075%8h2,767.3+0.011%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,769.4+0.085%$60.3M$4.42B50xas long as short
Phemex ETHUSDT+0.0081%8h2,768.3+0.046%$269.4M$67.4M150xas long as short
Vest ETH-PERP+0.0082%1h2,768.3+0.046%—$876K50xas long as short
KuCoin ETHUSDTM+0.0085%8h2,767.7+0.026%$420.0M$619.7M100xas long as short
Lighter ETH+0.0096%1h2,768.2+0.044%$114.9M$458.5M50xas long as short
Lighter RH ETH+0.0096%1h2,770+0.108%$25.6M$111.7M50xas long as short
Deribit ETH-PERPETUAL+0.0097%1h2,769.7+0.096%$259.1M$204.6M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.9+0.105%$15.9M$8.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,767.9+0.032%$488K$2.7M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,767long leg$14.6M$113.7M50x
Hyperliquid ETH+0.0100%1h2,770+0.108%$3.17B$2.18B25xas long as short
Pacifica ETH+0.0100%1h2,767.8+0.028%$31.2M$325.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,768.5+0.052%$2.51B$4.34B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.8−0.008%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,768.5+0.053%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.8+0.211%$170.3M$276.6M25xas long as short
BingX ETH-USDT+0.0100%8h2,766.3−0.025%—$1.21B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,767.6+0.020%$15.1M$42.1M50xas long as short
Variational Omni ETHshort+0.0100%8h2,768.5+0.056%$137.0M$344.9M—
edgeX ETHUSDC+0.0100%4h2,771.9+0.175%$182.0M$784.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.8+0.316%$161.4M$84.7M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771.6+0.167%$8.7M$32.1M100xas long as short
StandX ETH-USD+0.0100%1h2,768.8+0.065%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.8+0.029%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.3+0.084%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.4+0.122%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,767.3+0.010%$970K$13.1M100xas long as short
HTX ETH-USDT+0.0100%8h2,768+0.037%$1.08B$1.25B200xas long as short
Extended ETH-USD+0.0104%1h2,766.5−0.018%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769+0.071%—$36.2M500xas long as short
Kalshi KXETHPERP+0.0109%8h2,768.8+0.065%$8.0M$679.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,769.6+0.094%$96.0M$318.8M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,771+0.144%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0154%8h2,771.6+0.167%$32.6M$11.1M100xas long as short
BloFin ETH-USDT+0.0182%8h2,768.7+0.061%$287.1M$181.1M150xas long as short
Reya ETHRUSDPERP+0.0212%1h2,767.5+0.018%$7.3M$1.1M25xas long as short