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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 00:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Nado against Vest+0.021%7-day average −0.021% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on VestShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.013%+$1 on $10k
Price spread, last 3 days (all we have)−0.025%−$2 · spread now +0.021%, 7d avg −0.021%
Together, before fees−0.012%+ Points / potential airdropVest: Active · Nado: Active · farm board−$1 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: Nado is 0.043% dearer against Vest than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest ETH-PERP2,7740.0097pay 0.0012% / 1h4m 27s—$1.1M50x
ShortNado ETH-PERP2,774.50.0092get 0.0012% / 1h4m 27s$14.3M$118.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Vest. 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
−$0.95
Price spread: +0.021% → −0.021%
$4.27
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$5.68
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Nado: live order book, 5 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 Vest no order-book sample—————
Sell Nado live order book, 5 min ago0.18 bp3.7 bp −$43.8 bp −$386.1 bp −$60914.1 bp −$7,068
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%43m2,773.7−0.010%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,774+0.003%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.427%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.4−0.056%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0021%1h2,769.3−0.169%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,774.4+0.016%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,774.1+0.005%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5−0.089%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.9+0.070%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,774.7+0.027%$1.71B$11.90B100xas 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%1h2,770.6−0.120%$12.8M—200xas long as short
Phemex ETHUSDT+0.0030%8h2,769.5−0.162%$269.9M$68.7M150xas long as short
Aftermath Perps ETHUSD+0.0030%1h2,772−0.071%$29K$22K20xas long as short
SoDEX ETH-USD+0.0030%1h2,769.9−0.146%$55.1M$228.7M40xas long as short
Aster ETHUSDT+0.0032%8h2,775.2+0.045%$256.2M$1.00B200xas long as short
Bullet ETH-USD+0.0034%1h2,774.9+0.035%$182K$1.7M20xas long as short
MEXC ETH_USDT+0.0054%8h2,774.4+0.017%$1.62B$2.67B500xas long as short
Binance ETHUSDT+0.0054%8h2,775+0.038%$6.47B$17.29B150xas long as short
Aevo ETH-PERP+0.0056%1h2,773.3−0.024%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,775.3+0.048%$2.11B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,775.4+0.052%$3.29B$9.70B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,774.8+0.029%$421.7M$738.3M100xas long as short
Bybit ETHUSDT+0.0088%8h2,775.4+0.053%$2.51B$4.62B150xas long as short
BingX ETH-USDT+0.0088%8h2,775.4+0.051%—$1.24B—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,771.1−0.103%$60.3M$4.59B50xas long as short
Nado ETH-PERPshort+0.0092%1h2,774.5+0.021%$14.3M$118.2M50x
HTX ETH-USDT+0.0092%8h2,769.2−0.173%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,773.9−0.003%$115.1M$501.9M50xas long as short
Lighter RH ETH+0.0096%1h2,775.5+0.056%$25.3M$122.1M50xas long as short
Vest ETH-PERPlong+0.0097%1h2,774long leg—$1.1M50x
Paradex ETH-USD-PERP+0.0099%8h2,773.3−0.024%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.5−0.016%$483K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,776.9+0.106%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,774.2+0.009%$31.3M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.3−0.096%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.7+0.027%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.164%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.7−0.152%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5−0.196%$148.3M$337.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.8−0.150%$181.8M$784.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9−0.109%$161.1M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,770.8−0.114%$21.4M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,774.8+0.030%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776+0.072%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,768.9−0.181%$970K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,777.5+0.129%$42.8M$29.4M15xas long as short
Kalshi KXETHPERP+0.0102%8h2,770.5−0.125%$8.2M$688.4M4.9xas long as short
Extended ETH-USD+0.0104%1h2,773.3−0.024%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,773.8−0.007%—$43.8M500xas long as short
Deribit ETH-PERPETUAL+0.0104%1h2,771.7−0.081%$259.0M$222.2M50xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.1−0.102%$90.4M$338.2M100xas long as short
Orderly PERP_ETH_USDC+0.0144%8h2,778.1+0.149%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0175%8h2,770−0.142%$286.6M$193.5M150xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,771.5−0.088%$252K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0206%1h2,774.2+0.010%$7.4M$1.2M25xas long as short