Funding you earn now, next payment 03:00 UTC−0.0219%/8h= −24.0% APRnext payment −$0.27 per $10,000 · paid last 24h −0.051%
Price spread now: Nado against tradeXYZ−0.025%7-day average −0.048% · 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−$26as in the Price arb table
costs, in and out, $10k−$280.284% of the position
Funding, last 3 days (all we have)−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.025%, 7d avg −0.048%
=Together, before fees−0.034%+ Points / potential airdroptradeXYZ: Active · Nado: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.023% dearer against tradeXYZ than usual: you sell high and buy low (spread −0.025% now, against its 7-day average of −0.048%): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 3 days (−0.054% in total) that is about 33 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.054% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:EUR | 1.1476 | 0.0216 | pay 0.0027% / 1h | 25m 02s | $23.3M | $1.8M | 50x |
| Short | Nado EURUSD-PERP | 1.1473 | −0.0003 | pay 0.0000% / 1h | 25m 02s | $467K | $154K | 40x |
tradeXYZ xyz:EUR
Nado EURUSD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$46.09
- Price spread: −0.025% → −0.048%
- $2.26
- Slippage, 4 orders
- −$8.99
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Nado: 0.7 bp × 2 orders
- −$1.4
- Net
- −$72.22
- Costs to cover
- 0.284%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; Nado: live order book, 38 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 tradeXYZ live order book, 3 min ago | 0.87 bp | 11.7 bp −$12 | 18.3 bp −$183 | doesn't fit | doesn't fit |
| Sell Nado live order book, 38 min ago | 1.88 bp | 2.7 bp −$3 | 3.5 bp −$35 | doesn't fit | doesn't fit |
EUR on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC EUR_USDT | −0.0146% | 4h | 1.1473 | −0.026% | $6.8M | $137K | 100x | as long as short |
| Nado EURUSD-PERPshort | −0.0003% | 1h | 1.1473 | −0.025% | $467K | $154K | 40x | |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1473 | −0.030% | $584K | $281K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1473 | −0.026% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1473 | −0.026% | $253K | $20K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1470 | −0.052% | $198K | $111K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1475 | −0.009% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1474 | −0.017% | $12K | $259K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1470 | −0.053% | $6.7M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.084% | $9K | $78K | 101x | as long as short |
MEXC EUR_USDT
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDT
Extended EUR-USD
Injective EURUSD/USDC PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1502 | +0.225% | — | $264K | 100x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1472 | −0.035% | $190K | $61K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1477 | +0.012% | $12K | — | 10x | as long as short |
| Kraken Futures PF_EURUSD | +0.0119% | 1h | 1.1467 | −0.075% | $3K | — | 50x | as long as short |
| Hotstuff EURUSD-PERP | +0.0192% | 1h | 1.1477 | +0.009% | $33K | — | 50x | as long as short |
| Lighter EURUSD | +0.0200% | 1h | 1.1482 | +0.051% | $2.1M | $444K | 50x | as long as short |
| Hibachi EUR/USDT-P | +0.0200% | 1h | 1.1469 | −0.058% | $161K | $8.2M | 30x | as long as short |
| tradeXYZ xyz:EURlong | +0.0216% | 1h | 1.1476 | long leg | $23.3M | $1.8M | 50x |
Vest EUR-USD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
Kraken Futures PF_EURUSD
Hotstuff EURUSD-PERP
Lighter EURUSD
Hibachi EUR/USDT-P