Funding you earn now, next payment 08:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.11 per $10,000 · paid last 24h +0.023%
Price spread now: Nado against gTrade (Gains Network)−0.005%7-day average +0.011% · 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−$17as in the Price arb table
costs, in and out, $10k−$150.152% of the position
Funding, last 3 days (all we have)+0.093%+$9 on $10k
+Price spread, last 7 days0.000%$0 · spread now −0.005%, 7d avg +0.011%
=Together, before fees+0.093%+ Points / potential airdropNado: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BTC/USD | 85,283.2 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 3m 05s | $36.5M | — | 200x |
| Short | Nado BTC-PERP | 85,279.1 | 0.0095 | get 0.0012% / 1h | 3m 05s | $24.0M | $221.5M | 50x |
gTrade (Gains Network) BTC/USD
Nado BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against gTrade (Gains Network). 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
- $18.93
- Price spread: −0.005% → +0.011%
- −$1.61
- Slippage, 4 orders
- −$1.16
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $2.17
- Costs to cover
- 0.152%
- Break-even
- 6.2 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Nado: 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 gTrade (Gains Network) virtual book (oracle venue), 1 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$447 | 6.4 bp −$3,184 |
| Sell Nado live order book, 1 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.9 bp −$486 | 10.7 bp −$5,333 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,279 | −0.005% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,306 | +0.027% | $2.3M | $10.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,279.7 | −0.004% | $421.7M | $684.9M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0006% | 8h | 85,262.6 | −0.024% | $928.4M | $776.7M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,285.9 | +0.003% | $345K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USDlong | L +0.0004% / S −0.0004% | 1h | 85,283.2 | long leg | $36.5M | — | 200x | |
| Aster BTCUSDT | +0.0016% | 8h | 85,305.8 | +0.026% | $502.7M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0020% | 1h | 85,277.8 | −0.006% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,289.4 | +0.007% | $186.1M | $953.6M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,301 | +0.021% | $311K | $26.1M | 52x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
KuCoin XBTUSDTM
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0067% | 8h | 85,305 | +0.026% | — | $1.58B | — | as long as short |
| Bybit BTCUSDT | +0.0087% | 8h | 85,308.3 | +0.029% | $5.09B | $10.03B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0092% | 1h | 85,259 | −0.028% | $138.0M | $312.7M | 100x | as long as short |
| Nado BTC-PERPshort | +0.0095% | 1h | 85,279.1 | −0.005% | $24.0M | $221.5M | 50x | |
| Lighter BTC | +0.0096% | 1h | 85,286.8 | +0.004% | $169.4M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,290.6 | +0.009% | $23.6M | $149.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,274 | −0.011% | $8.4M | $57.8M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,269.3 | −0.016% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,256 | −0.032% | $265K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,331.8 | +0.057% | $5.7M | $9.5M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,300.5 | +0.020% | $40.0M | $605.4M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,303.6 | +0.024% | $9.40B | $25.18B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,307.2 | +0.028% | $2.60B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,272 | −0.013% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,299.7 | +0.019% | $4.6M | $97.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,256 | −0.032% | $695.2M | $190.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,299.4 | +0.019% | $5.46B | $11.18B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,303.6 | +0.024% | $5.03B | $5.78B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,300.6 | +0.020% | $2.97B | $5.20B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,296.7 | +0.016% | $36.7M | $191.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,262.8 | −0.024% | $155.2M | $549.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,243.5 | −0.047% | $282.7M | $958.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,269.1 | −0.017% | $214.0M | $159.3M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,287 | +0.004% | $30.1M | $215.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,352.5 | +0.081% | — | $9.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,282 | −0.001% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,275.3 | −0.009% | $199K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,273.9 | −0.011% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,316.7 | +0.039% | $193K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,301.3 | +0.021% | $28.8M | $47.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,267.5 | −0.018% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,270 | −0.015% | $59.7M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,272 | −0.013% | $2.25B | $974.0M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,289.4 | +0.007% | $158.7M | $516.2M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,249.6 | −0.039% | $45.7M | $241.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,287.3 | +0.005% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,335.7 | +0.062% | $111.7M | $5.46B | 50x | as long as short |
| Hyperliquid BTC | +0.0125% | 1h | 85,393 | +0.129% | $3.79B | $5.11B | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0138% | 1h | 85,311.7 | +0.033% | $830.0M | $1.66B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0145% | 1h | 85,264.9 | −0.021% | $6.6M | $141.2M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0173% | 8h | 85,302 | +0.022% | $12.0M | $737.2M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,273.4 | −0.011% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,303.5 | +0.024% | $8.8M | $42.9M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0290% | 1h | 85,293.4 | +0.012% | $81K | $250K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0304% | 1h | 85,322.2 | +0.046% | $682K | $7.8M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,293.4 | +0.012% | $466K | $18.4M | 6.7x | as long as short |
BingX BTC-USDT
Bybit BTCUSDT
ApeX Omni BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC