ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.2% APRnext payment −$0.06 per $10,000 · paid last 24h −0.014%

Price spread now: ApeX Omni against Nado+0.022%7-day average −0.010% · 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−$15as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on Nado Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.114%−$11 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.022%, 7d avg −0.010%

Together, before fees−0.136%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.032% dearer against Nado than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.010%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 3 days (−0.114% in total) that is about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ETH-PERP	2,733.1	0.0100	pay 0.0012% / 1h	15m 21s	$13.6M	$104.4M	50x
Short	ApeX Omni ETHUSDT	2,733.7	0.0053	get 0.0007% / 1h	15m 21s	$8.7M	$31.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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

Position, each leg$Hold fordaysFee NadobpFee ApeX OmnibpOrdersPrice spread, now +0.022%Rate

Funding earned: −$9.95
Price spread: +0.022% → −0.010%: $3.24
Slippage, 4 orders: −$1.32
Fee Nado: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$25.03
Costs to cover: 0.183%
Break-even: never at this rate

Slippage from Nado: live order book, 4 min ago; ApeX Omni: live order book, 4 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 Nado live order book, 4 min ago	0.18 bp	3.7 bp −$4	3.7 bp −$37	6.1 bp −$608	16.4 bp −$8,220
Sell ApeX Omni live order book, 4 min ago	0.02 bp	5.9 bp −$6	6.1 bp −$61	23.7 bp −$2,366	73.5 bp −$36.7K

ETH on 55 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
Perpl ETH	−0.0447%	43m	2,733.5	+0.015%	$297K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,734.2	+0.041%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,732.7	−0.014%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,733.8	+0.025%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,733.1	−0.001%	$10.8M	$41.6M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,734.6	+0.055%	$187K	$823K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,734.2	+0.041%	$828K	$2.9M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,733.9	+0.028%	$28.1M	—	200x	as long as short
Bullet ETH-USD	+0.0009%	1h	2,733.2	+0.004%	$179K	$1.7M	20x	as long as short
HTX ETH-USDT	+0.0036%	8h	2,732.1	−0.035%	$1.06B	$1.20B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0048%	8h	2,732.7	−0.014%	—	$18.4M	—	as long as short
ApeX Omni ETHUSDTshort	+0.0053%	1h	2,733.7	+0.022%	$8.7M	$31.3M	100x
Bybit ETHUSDT	+0.0057%	8h	2,733.1	0.000%	$2.38B	$4.35B	150x	as long as short
KuCoin ETHUSDTM	+0.0064%	8h	2,733.6	+0.019%	$380.3M	$574.6M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0072%	1h	2,734.6	+0.054%	$259.7M	$196.4M	50x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,733.3	+0.008%	$1.67B	$10.71B	100x	as long as short
Phemex ETHUSDT	+0.0074%	8h	2,733.2	+0.004%	$265.7M	$65.2M	150x	as long as short
Aster ETHUSDT	+0.0085%	8h	2,733.6	+0.019%	$251.0M	$841.8M	200x	as long as short
SoDEX ETH-USD	+0.0091%	1h	2,733.1	0.000%	$54.4M	$187.6M	40x	as long as short
MEXC ETH_USDT	+0.0093%	8h	2,733.5	+0.013%	$1.55B	$2.57B	500x	as long as short
Binance ETHUSDT	+0.0094%	8h	2,733.4	+0.012%	$6.35B	$15.87B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,733.6	+0.019%	$112.9M	$440.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,734.7	+0.057%	$23.4M	$106.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,733.9	+0.028%	—	$30.9M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,730.9	−0.079%	$4.9M	$155K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,736.4	+0.121%	$15.5M	$8.0M	50x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,734.5	+0.053%	$5.6M	$11.6M	25x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,733.6	+0.019%	$499K	$3.2M	50x	as long as short
Nado ETH-PERPlong	+0.0100%	1h	2,733.1	long leg	$13.6M	$104.4M	50x
Hyperliquid ETH	+0.0100%	1h	2,736.4	+0.121%	$3.10B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,734.2	+0.042%	$31.9M	$333.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,732.4	−0.025%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,734.5	+0.052%	$1.6M	$16.2M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,733.6	+0.018%	$3.34B	$8.92B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,733.5	+0.013%	$2.07B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,732.2	−0.034%	$15.0M	$39.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,732.4	−0.025%	$133.8M	$325.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,732.8	−0.012%	$183.8M	$672.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,734.6	+0.055%	$159.1M	$86.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,734	+0.033%	$21.1M	$68.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,734.3	+0.044%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,735.2	+0.077%	$11.2M	$9.2M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,733.8	+0.025%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,734.9	+0.067%	$41.3M	$29.8M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,732.1	−0.038%	$957K	$11.3M	100x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,734.8	+0.064%	$164.8M	$300.4M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,732.7	−0.013%	$30.4M	$72.8M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,734.4	+0.049%	$51.3M	$4.27B	50x	as long as short
Aftermath Perps ETHUSD	+0.0115%	1h	2,734	+0.033%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0136%	8h	2,733.8	+0.026%	$6.7M	$678.7M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0195%	8h	2,735.9	+0.103%	$32.2M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0218%	1h	2,732.6	−0.019%	$7.3M	$1.2M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0222%	1h	2,733.8	+0.027%	$83.3M	$314.7M	100x	as long as short
Hibachi ETH/USDT-P	+0.0272%	1h	2,734.3	+0.045%	$250K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0375%	8h	2,734.3	+0.043%	$283.8M	$175.7M	150x	as long as short