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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Nado against Lighter RH−0.064%7-day average −0.010% · 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−$15as in the Price arb table
costs, in and out, $10k−$100.097% of the position
Long on Lighter RHShort 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+0.061%+$6 · spread now −0.064%, 7d avg −0.010%
Together, before fees+0.062%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board+$6 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 0.054% cheaper against Lighter RH than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH ETH2,742.70.0096pay 0.0012% / 1h28m 33s$24.6M$103.9M50x
ShortNado ETH-PERP2,740.90.0100get 0.0012% / 1h28m 33s$13.9M$105.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Lighter RH. 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
$0.84
Price spread: −0.064% → −0.010%
−$5.43
Slippage, 4 orders
−$2.69
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$14.28
Costs to cover
0.097%
Break-even
126.0 days
Slippage from Lighter RH: live order book, 6 min ago; Nado: live order book, 6 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 Lighter RH live order book, 6 min ago0.95 bp1.2 bp −$13.0 bp −$3010.9 bp −$1,09268.3 bp −$34.1K
Sell Nado live order book, 6 min ago0.18 bp3.7 bp −$43.9 bp −$396.2 bp −$61614.0 bp −$6,982

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
Hotstuff ETH-PERP−0.0080%1h2,741.5−0.043%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1+0.015%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.9+0.044%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,742.3−0.015%$10.8M$41.8M50xas long as short
Perpl ETH0.0000%43m2,741−0.060%$304K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0008%1h2,743.9+0.046%$24.6M—200xas long as short
Phoenix ETH+0.0017%1h2,745.3+0.096%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,741.4−0.047%$182K$876K50xas long as short
ApeX Omni ETHUSDT+0.0045%1h2,746.4+0.134%$8.9M$30.9M100xas long as short
BingX ETH-USDC+0.0052%8h2,741.8−0.032%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0064%8h2,741−0.062%$1.70B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,741.2−0.056%$382.0M$578.3M100xas long as short
RISEx ETH/USDC+0.0077%1h2,740.6−0.076%$5.6M$11.2M25xas long as short
Bullet ETH-USD+0.0081%1h2,743.6+0.034%$182K$1.7M20xas long as short
Aster ETHUSDT+0.0086%8h2,741.4−0.046%$252.6M$841.2M200xas long as short
MEXC ETH_USDT+0.0094%8h2,741−0.062%$1.56B$2.54B500xas long as short
Binance ETHUSDT+0.0095%8h2,740.8−0.067%$6.37B$15.68B150xas long as short
Lighter ETH+0.0096%1h2,741.1−0.057%$112.7M$434.0M50xas long as short
Lighter RH ETHlong+0.0096%1h2,742.7long leg$24.6M$103.9M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,744.2+0.057%—$30.7M500xas long as short
Aevo ETH-PERP+0.0096%1h2,740.3−0.088%$4.9M$155K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,743.1+0.016%$58.6M$4.27B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,745.5+0.101%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,741−0.061%$469K$3.0M50xas long as short
Nado ETH-PERPshort+0.0100%1h2,740.9−0.064%$13.9M$105.4M50x
Hyperliquid ETH+0.0100%1h2,743.2+0.019%$3.11B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,741.8−0.032%$31.6M$334.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,740.9−0.063%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.7−0.072%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.4−0.048%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,741.5−0.042%$164.1M$300.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.1−0.057%$3.39B$8.73B200xas long as short
Bitget ETHUSDT+0.0100%8h2,741.2−0.053%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.4−0.045%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,745.6+0.108%$132.9M$330.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,743.5+0.030%$182.3M$691.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,746.2+0.127%$159.7M$84.1M50xas long as short
StandX ETH-USD+0.0100%1h2,744.8+0.077%$21.2M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,742.5−0.007%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,742−0.025%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,744.3+0.059%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,742.9+0.009%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,742.1−0.021%$54.6M$187.5M40xas long as short
HTX ETH-USDT+0.0100%8h2,743.4+0.026%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,742.8+0.004%$266.7M$64.9M150xas long as short
Extended ETH-USD+0.0104%1h2,740.2−0.092%$30.6M$72.3M50xas long as short
Aftermath Perps ETHUSD+0.0128%1h2,744.2+0.055%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0159%8h2,744.7+0.074%$7.4M$670.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0191%8h2,745.5+0.102%$32.3M$11.3M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,743+0.012%$86.9M$310.0M100xas long as short
Reya ETHRUSDPERP+0.0227%1h2,740.6−0.077%$7.3M$1.1M25xas long as short
Deribit ETH-PERPETUAL+0.0235%1h2,743.9+0.043%$259.7M$197.7M50xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,745.1+0.088%$252K$1.4M20xas long as short
BloFin ETH-USDT+0.0368%8h2,742.4−0.011%$284.4M$181.8M150xas long as short
Bluefin ETH-PERP+0.0430%1h2,771.2+1.041%$21K$20K25xas long as short