Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.001%
Price spread now: Nado against Variational Omni+0.016%57s7-day average +0.012% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.008%+$1 on $10k
Price spread, last 7 days−0.006%−$1 · spread now +0.016%, 7d avg +0.012%
Together, before fees+0.002%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,768.40.0100pay 0.0100% / 8h10m 43s$147.1M$335.8M—
ShortNado ETH-PERP2,768.90.0099get 0.0012% / 1h10m 43s$14.3M$118.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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
−$0.27
Price spread: +0.016% → +0.012%
$0.39
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$6.88
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Nado: live order book, 3 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 Variational Omni RFQ quote, 3 min ago0.51 bpdoesn't fit0.5 bp −$50.5 bp −$54doesn't fit
Sell Nado live order book, 3 min ago0.18 bp3.7 bp −$43.7 bp −$374.8 bp −$47713.0 bp −$6,481

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−0.0223%43m2,770+0.056%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,772.2+0.134%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.229%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.5+0.039%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0023%1h2,770.5+0.074%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,772.2+0.136%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,770.9+0.091%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.8+0.122%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769.5+0.040%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,771.4+0.108%$1.71B$11.88B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,769.6+0.041%$12.8M—200xas long as short
Phemex ETHUSDT+0.0029%8h2,768.5+0.003%$269.9M$68.9M150xas long as short
Aftermath Perps ETHUSD+0.0030%1h2,771.6+0.115%$29K$22K20xas long as short
Aster ETHUSDT+0.0031%8h2,771.1+0.095%$255.8M$1.00B200xas long as short
SoDEX ETH-USD+0.0031%1h2,768.4−0.001%$55.1M$228.9M40xas long as short
Bullet ETH-USD+0.0038%1h2,768.9+0.017%$181K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0053%1h2,770.2+0.063%$259.0M$222.1M50xas long as short
MEXC ETH_USDT+0.0056%8h2,771.6+0.113%$1.62B$2.66B500xas long as short
Aevo ETH-PERP+0.0056%1h2,766.9−0.056%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0056%8h2,771.6+0.113%$6.45B$17.29B150xas long as short
Bitget ETHUSDT+0.0065%8h2,772.3+0.138%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0068%8h2,772+0.128%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,771.4+0.108%$420.8M$738.5M100xas long as short
Bybit ETHUSDT+0.0088%8h2,771.5+0.110%$2.51B$4.62B150xas long as short
BingX ETH-USDT+0.0088%8h2,772+0.130%—$1.24B—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,769.9+0.051%$60.1M$4.59B50xas long as short
HTX ETH-USDT+0.0094%8h2,768.6+0.007%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,771.9+0.123%$115.1M$500.6M50xas long as short
Lighter RH ETH+0.0096%1h2,773.6+0.185%$25.3M$122.0M50xas long as short
Vest ETH-PERP+0.0096%1h2,769.7+0.044%—$1.1M50xas long as short
Nado ETH-PERPshort+0.0099%1h2,768.9+0.016%$14.3M$118.2M50x
Paradex ETH-USD-PERP+0.0099%8h2,771.2+0.099%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.4+0.107%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.4+0.143%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,771.8+0.122%$31.2M$315.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.6+0.042%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,772.8+0.158%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,773+0.163%$170.1M$265.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.7+0.011%$15.1M$44.2M50xas long as short
Variational Omni ETHlong+0.0100%8h2,768.4long leg$147.1M$335.8M—
edgeX ETHUSDC+0.0100%4h2,770+0.056%$181.8M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.4+0.071%$161.1M$89.8M50xas long as short
StandX ETH-USD+0.0100%1h2,771.4+0.107%$21.4M$58.5M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.1+0.024%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.9+0.052%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,768.1−0.013%$971K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,771.2+0.101%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,771.5+0.110%$32.5M$78.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.1+0.097%—$43.7M500xas long as short
Kalshi KXETHPERP+0.0107%8h2,770.1+0.060%$8.2M$687.5M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,770+0.057%$90.3M$338.3M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,771.3+0.104%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,768.40.000%$286.2M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0204%1h2,768.7+0.009%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,771.6+0.115%$252K$1.6M20xas long as short