Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0052%/8h= −5.7% APRnext payment $0.06 per $10,000 · paid last 24h −0.005%
Price spread now: Aevo against Nado−0.059%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$360.364% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.021%−$2 on $10k
Price spread, last 3 days (all we have)−0.061%−$6 · spread now −0.059%, 7d avg −0.060%
Together, before fees−0.082%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,769.20.0100pay 0.0012% / 1h6m 04s$15.2M$117.6M50x
ShortAevo ETH-PERP2,767.60.0048get 0.0006% / 1h6m 04s$5.0M$636K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Nado. 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
−$10.92
Price spread: −0.059% → −0.060%
$0.05
Slippage, 4 orders
−$13.42
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$47.29
Costs to cover
0.364%
Break-even
never at this rate
Slippage from Nado: live order book, 3 min ago; Aevo: live order book, 3 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 Nado live order book, 3 min ago0.18 bp3.8 bp −$44.2 bp −$426.5 bp −$64713.9 bp −$6,930
Sell Aevo live order book, 3 min ago2.89 bp17.7 bp −$1830.1 bp −$30147.1 bp −$4,708doesn't fit

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
Perpl ETH−0.0112%43m2,769.5+0.011%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.2+0.252%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770+0.028%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,770.2+0.036%$171K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,772.2+0.108%$885K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,769.7+0.019%$5.7M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,770.4+0.041%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0003%1h2,773+0.137%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.1+0.032%$22.4M200xas long as short
BingX ETH-USDT+0.0018%8h2,769.4+0.005%$1.18Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,768.9−0.012%$1.71B$11.88B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,769.9+0.026%$13.2M200xas long as short
Phemex ETHUSDT+0.0030%8h2,769.9+0.026%$266.8M$66.0M150xas long as short
ApeX Omni ETHUSDT+0.0031%1h2,770.9+0.059%$8.7M$32.6M100xas long as short
Aster ETHUSDT+0.0034%8h2,769.1−0.002%$256.1M$995.7M200xas long as short
Deribit ETH-PERPETUAL+0.0035%1h2,771.3+0.075%$258.5M$225.1M50xas long as short
Aevo ETH-PERPshort+0.0048%1h2,767.6−0.059%$5.0M$636K20x
MEXC ETH_USDT+0.0051%8h2,769.8+0.020%$1.59B$2.69B500xas long as short
Binance ETHUSDT+0.0051%8h2,769.3+0.002%$6.43B$17.23B150xas long as short
Bitget ETHUSDT+0.0075%8h2,769.3+0.002%$2.10B$3.13B150xas long as short
Gate ETH_USDT+0.0076%8h2,769.6+0.012%$3.28B$9.70B200xas long as short
Bullet ETH-USD+0.0078%1h2,769−0.007%$184K$1.8M20xas long as short
Lighter ETH+0.0096%1h2,770.2+0.035%$114.6M$515.7M50xas long as short
Lighter RH ETH+0.0096%1h2,771.6+0.085%$25.3M$123.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,771+0.065%$41.8M500xas long as short
Variational Omni ETH+0.0097%8h2,770.2+0.036%$140.7M$320.5Mas long as short
HTX ETH-USDT+0.0098%8h2,769.4+0.007%$1.08B$1.32B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,769.2−0.002%$15.9M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.2+0.036%$485K$2.7M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,769.2long leg$15.2M$117.6M50x
Hyperliquid ETH+0.0100%1h2,771.2+0.072%$3.19B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,770.2+0.036%$31.2M$291.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,769.2+0.001%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.4+0.007%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.6+0.085%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.6+0.048%$164.9M$252.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,769.6+0.014%$421.9M$742.3M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.7+0.019%$15.4M$42.9M50xas long as short
edgeX ETHUSDC+0.0100%4h2,770.8+0.059%$179.5M$782.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.4+0.081%$161.2M$97.3M50xas long as short
StandX ETH-USD+0.0100%1h2,773+0.137%$21.4M$57.8M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.7+0.054%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.6+0.049%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.1+0.103%$42.6M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,768.9−0.012%$971K$14.1M100xas long as short
SoDEX ETH-USD+0.0100%1h2,769.7+0.018%$55.1M$228.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,770.3+0.040%$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,769.4+0.007%$31.4M$75.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,771.3+0.076%$59.9M$4.62B50xas long as short
Kalshi KXETHPERP+0.0111%8h2,770.5+0.046%$8.5M$674.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,772.5+0.119%$32.5M$12.0M100xas long as short
BloFin ETH-USDT+0.0171%8h2,770+0.028%$285.8M$195.6M150xas long as short
Reya ETHRUSDPERP+0.0185%1h2,769.1−0.004%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,770.9+0.060%$86.1M$331.7M100xas long as short
Hibachi ETH/USDT-P+0.0464%1h2,772.8+0.130%$282K$1.5M20xas long as short