Funding you earn now, next payment 01:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h +0.054%
Price spread now: Nado against Hotstuff+0.010%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHotstuff: Active · Nado: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff BTC-PERP | 86,406 | −0.0080 | get 0.0010% / 1h | 27m 32s | $9K | $3K | 50x |
| Short | Nado BTC-PERP | 86,414.3 | 0.0100 | get 0.0012% / 1h | 27m 32s | $22.0M | $227.4M | 50x |
Hotstuff BTC-PERP
Nado BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Hotstuff. 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
- $37.8
- Price spread: +0.010% → 0.000%
- $0.95
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $26.75
- Costs to cover
- 0.120%
- Break-even
- 2.0 days
Slippage unknown: Hotstuff: no order-book sample; Nado: live order book, 2 min ago. Net counts fees only.
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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 2 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.2 bp −$420 | 11.1 bp −$5,533 |
Hotstuff: 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0349% | 1h | 86,460.8 | +0.063% | $144K | $666K | 40x | as long as short |
| Phoenix BTC | −0.0129% | 1h | 86,403 | −0.003% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERPlong | −0.0080% | 1h | 86,406 | long leg | $9K | $3K | 50x | |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,450.2 | +0.051% | $361K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,418.4 | +0.014% | $481K | $21.5M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,444 | +0.044% | $36.9M | — | 200x | as long as short |
| Phemex BTCUSDT | +0.0018% | 8h | 86,423.7 | +0.020% | $154.6M | $473.6M | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,358 | −0.056% | $343K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0025% | 8h | 86,425.8 | +0.023% | $501.2M | $1.13B | 200x | as long as short |
| dYdX BTC-USD | +0.0027% | 1h | 86,436 | +0.035% | $16.9M | $20.5M | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Phemex BTCUSDT
Injective BTC/USDC PERP
Aster BTCUSDT
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XBTUSDTM | +0.0042% | 8h | 86,446.3 | +0.047% | $832.4M | $719.1M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0046% | 1h | 86,441.9 | +0.042% | $6.7M | $145.7M | 40x | as long as short |
| BingX BTC-USDT | +0.0050% | 8h | 86,429.3 | +0.027% | — | $1.57B | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,431.8 | +0.030% | $8.3M | $42.4M | 25x | as long as short |
| Deribit BTC-PERPETUAL | +0.0059% | 1h | 86,465.2 | +0.069% | $902.5M | $1.51B | 50x | as long as short |
| Bitget BTCUSDT | +0.0063% | 8h | 86,443.6 | +0.044% | $2.97B | $5.03B | 150x | as long as short |
| MEXC BTC_USDT | +0.0078% | 8h | 86,444.1 | +0.044% | $5.14B | $5.70B | 500x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,416.2 | +0.012% | $2.5M | $1.8M | 20x | as long as short |
| Binance BTCUSDT | +0.0080% | 8h | 86,445.8 | +0.046% | $9.42B | $24.26B | 150x | as long as short |
| SoDEX BTC-USD | +0.0095% | 1h | 86,428 | +0.025% | $60.4M | $338.2M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,417.5 | +0.013% | $170.7M | $986.7M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,420.3 | +0.017% | $23.8M | $149.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,430 | +0.028% | $8.4M | $52.0M | 100x | as long as short |
| HTX BTC-USDT | +0.0098% | 8h | 86,407.4 | +0.002% | $2.29B | $962.6M | 200x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,401 | −0.006% | $201K | $7.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,420 | +0.016% | $4.2M | $8.6M | 50x | as long as short |
| Nado BTC-PERPshort | +0.0100% | 1h | 86,414.3 | +0.010% | $22.0M | $227.4M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 86,512 | +0.123% | $3.80B | $5.00B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,431.2 | +0.029% | $41.1M | $552.2M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,450.7 | +0.052% | $5.26B | $9.65B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,459.3 | +0.062% | $2.56B | $12.48B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,421 | +0.017% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,446.2 | +0.047% | $7.2M | $94.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,417.3 | +0.013% | $5.80B | $10.54B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,412.6 | +0.008% | $37.5M | $158.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,377.3 | −0.033% | $158.2M | $561.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,360.7 | −0.052% | $278.9M | $948.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,400.1 | −0.007% | $217.0M | $165.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,364.6 | −0.048% | $141.6M | $320.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,430 | +0.028% | $30.7M | $209.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,474.4 | +0.079% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,448 | +0.049% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,436 | +0.035% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,428.2 | +0.026% | $2.5M | $8.9M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,450.4 | +0.051% | $30.5M | $58.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,398.7 | −0.008% | $3.4M | $5.2M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,411.1 | +0.006% | $576.0M | $32.8M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,397.6 | −0.010% | $45.9M | $221.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,426.3 | +0.023% | — | $98.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,455 | +0.057% | $132.4M | $5.39B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,455.2 | +0.057% | $192.5M | $941.4M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0168% | 1h | 86,418.9 | +0.015% | $78K | $217K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,440 | +0.039% | $711K | $7.9M | 30x | as long as short |
| BloFin BTC-USDT | +0.0198% | 8h | 86,365.3 | −0.047% | $415.9M | $645.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0205% / S −0.0220% | 1h | 86,441.1 | +0.041% | $14.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0209% | 8h | 86,453 | +0.054% | $10.2M | $762.9M | 6.4x | as long as short |
KuCoin XBTUSDTM
Reya BTCRUSDPERP
BingX BTC-USDT
RISEx BTC/USDC
Deribit BTC-PERPETUAL
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
HTX BTC-USDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP