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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 02:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: Nado against Bulk+0.036%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$140.144% of the position
Long on BulkShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.001%$0 on $10k
Price spread, last 7 days−0.043%−$4 · spread now +0.036%, 7d avg +0.006%
Together, before fees−0.041%+ Points / potential airdropNado: Active · farm board−$4 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 0.030% dearer against Bulk than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk ETH-USD2,751.80.0100pay 0.0013% / 1h21m 57s$165.7M$300.7M25x
ShortNado ETH-PERP2,752.80.0100get 0.0012% / 1h21m 57s$14.0M$112.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Bulk. 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
Price spread: +0.036% → +0.006%
$2.98
Slippage, 4 orders
−$0.4
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$11.42
Costs to cover
0.144%
Break-even
never at this rate
Slippage from Bulk: live order book, 2 min ago; Nado: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 2 min ago0.02 bp3.5 bp −$43.5 bp −$353.6 bp −$3604.5 bp −$2,260
Sell Nado live order book, 2 min ago0.18 bp3.7 bp −$43.7 bp −$375.5 bp −$55214.2 bp −$7,114

ETH on 54 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−0.0447%43m2,753.4+0.060%$311K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,752.1+0.011%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,752.8+0.037%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,752+0.009%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,752.8+0.036%$849K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,753.4+0.059%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,752+0.007%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0024%1h2,753+0.044%$181K$1.1M50xas long as short
ApeX Omni ETHUSDT+0.0033%1h2,752.6+0.031%$8.7M$31.5M100xas long as short
BingX ETH-USDC+0.0036%8h2,750.2−0.060%—$18.1M—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0047%8h2,749.6−0.080%$1.69B$10.97B100xas long as short
HTX ETH-USDT+0.0058%8h2,751−0.030%$1.07B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0071%8h2,749.8−0.072%$370.9M$609.7M100xas long as short
Aster ETHUSDT+0.0071%8h2,751.3−0.016%$253.0M$857.8M200xas long as short
MEXC ETH_USDT+0.0080%8h2,749.8−0.074%$1.57B$2.56B500xas long as short
Aevo ETH-PERP+0.0080%1h2,749.1−0.097%$4.9M$168K20xas long as short
Binance ETHUSDT+0.0081%8h2,749.9−0.071%$6.39B$16.22B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,752.3+0.019%$59.1M$4.35B50xas long as short
Gate ETH_USDT+0.0092%8h2,750−0.065%$3.39B$8.90B200xas long as short
Bitget ETHUSDT+0.0094%8h2,749.9−0.070%$2.08B$2.83B150xas long as short
Lighter ETH+0.0096%1h2,751.6−0.007%$113.0M$443.4M50xas long as short
Lighter RH ETH+0.0096%1h2,752.8+0.036%$24.9M$107.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,753.1+0.048%—$35.5M500xas long as short
Phemex ETHUSDT+0.0098%8h2,752.2+0.013%$267.6M$66.0M150xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,757.8+0.218%$16.3M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,751.5−0.011%$479K$2.9M50xas long as short
Nado ETH-PERPshort+0.0100%1h2,752.8+0.036%$14.0M$112.7M50x
Hyperliquid ETH+0.0100%1h2,753.5+0.062%$3.13B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,753.2+0.051%$31.6M$333.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,750−0.067%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,752.6+0.029%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,753.3+0.053%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,750.7−0.041%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,753.3+0.054%$133.3M$345.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,751.6−0.007%$181.9M$701.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,753.9+0.078%$160.2M$83.2M50xas long as short
StandX ETH-USD+0.0100%1h2,751.2−0.022%$21.3M$67.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,753.5+0.060%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,753.1+0.047%$10.8M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,752.1+0.012%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,752.4+0.023%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,753.2+0.052%$41.8M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,751.7−0.003%$964K$12.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,751−0.029%$54.8M$187.7M40xas long as short
Bulk ETH-USDlong+0.0100%1h2,751.8long leg$165.7M$300.7M25x
Aftermath Perps ETHUSD+0.0101%1h2,751.5−0.010%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,749.2−0.094%$30.5M$73.5M50xas long as short
Deribit ETH-PERPETUAL+0.0128%1h2,752.5+0.025%$258.5M$200.0M50xas long as short
Kalshi KXETHPERP+0.0142%8h2,753.2+0.051%$7.9M$675.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0171%8h2,753.9+0.078%$32.4M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,751.7−0.002%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,753+0.044%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0220%1h2,752.3+0.018%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,751.8+0.001%$89.5M$316.6M100xas long as short