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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 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Arcus against Nado+0.079%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−$6as in the Price arb table
costs, in and out, $10k−$130.127% of the position
Long on NadoShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.003%$0 on $10k
Price spread, last 7 days−0.078%−$8 · spread now +0.079%, 7d avg +0.010%
Together, before fees−0.075%+ Points / potential airdropNado: Active · farm board−$7 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: Arcus is 0.069% dearer against Nado than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,716.80.0100pay 0.0012% / 1h33m 25s$13.8M$105.0M50x
ShortArcus ETH-USD2,7190.0100get 0.0013% / 1h33m 25s$1.5M$16.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Nado. 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
Price spread: +0.079% → +0.010%
$6.88
Slippage, 4 orders
−$1.24
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$5.86
Costs to cover
0.127%
Break-even
602490349033967.6 days
Slippage from Nado: live order book, 6 min ago; Arcus: live order book, 1 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, 6 min ago0.18 bp3.7 bp −$43.7 bp −$375.3 bp −$52612.5 bp −$6,231
Sell Arcus live order book, 1 min ago0.11 bp2.7 bp −$32.7 bp −$274.2 bp −$419doesn'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−0.0447%43m2,717.4+0.023%$282K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,718.8+0.073%$5K$1K50xas long as short
HTX ETH-USDT−0.0011%8h2,718+0.043%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,717.9+0.039%$11.9M—200xas long as short
Phoenix ETH−0.0009%1h2,721.6+0.176%$815K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,718+0.044%$27.9M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,721.2+0.161%$117K$22.5M52xas long as short
dYdX ETH-USD+0.0011%1h2,718.8+0.074%$10.7M$42.0M50xas long as short
Deribit ETH-PERPETUAL+0.0015%1h2,719.5+0.097%$258.7M$206.0M50xas long as short
01 Exchange ETHUSD+0.0032%1h2,717.7+0.032%$185K$787K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0033%8h2,717+0.007%—$18.5M—as long as short
Bybit ETHUSDT+0.0042%8h2,717.2+0.015%$2.34B$4.42B150xas long as short
Aftermath Perps ETHUSD+0.0065%1h2,722.4+0.205%$30K$20K20xas long as short
Bullet ETH-USD+0.0069%1h2,717.6+0.029%$179K$1.7M20xas long as short
SunX ETH-USDT+0.0070%8h2,717.5+0.026%$953K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0075%8h2,717.8+0.036%$374.2M$577.9M100xas long as short
Aster ETHUSDT+0.0085%8h2,718.8+0.071%$251.6M$844.6M200xas long as short
Aevo ETH-PERP+0.0088%1h2,716−0.030%$4.9M$155K20xas long as short
OKX ETH-USDT-SWAP+0.0091%8h2,717.8+0.036%$1.65B$10.78B100xas long as short
MEXC ETH_USDT+0.0091%8h2,717.8+0.036%$1.55B$2.58B500xas long as short
Binance ETHUSDT+0.0092%8h2,717.7+0.032%$6.29B$16.07B150xas long as short
Lighter ETH+0.0096%1h2,717.6+0.030%$111.2M$432.5M50xas long as short
Lighter RH ETH+0.0096%1h2,719+0.081%$23.3M$103.2M50xas long as short
Phemex ETHUSDT+0.0097%8h2,718.7+0.067%$262.8M$64.3M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,717.7+0.032%$497K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,719.5+0.097%$15.2M$8.0M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,716.8long leg$13.8M$105.0M50x
Hyperliquid ETH+0.0100%1h2,719.8+0.110%$3.08B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,718.4+0.058%$31.8M$334.4M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,717.3+0.017%$2.7M$16.6M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,719+0.079%$1.5M$16.2M25x
Bulk ETH-USD+0.0100%1h2,723.8+0.258%$163.8M$329.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,718.6+0.064%$3.30B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,717.5+0.026%$2.07B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,717.9+0.040%$14.9M$43.1M50xas long as short
Variational Omni ETH+0.0100%8h2,723.2+0.236%$133.0M$326.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.1+0.268%$184.5M$676.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,723.6+0.249%$158.5M$87.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,724.6+0.285%$8.6M$31.3M100xas long as short
StandX ETH-USD+0.0100%1h2,721.3+0.165%$20.9M$71.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,719.6+0.101%—$876K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,718.9+0.076%$11.1M$9.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,719+0.082%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,719.6+0.104%$40.8M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,718.3+0.054%$54.1M$187.8M40xas long as short
Extended ETH-USD+0.0104%1h2,717.3+0.016%$30.5M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,720.7+0.144%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,719.4+0.095%$49.8M$4.27B50xas long as short
RISEx ETH/USDC+0.0108%1h2,719.2+0.087%$5.5M$11.7M25xas long as short
Kalshi KXETHPERP+0.0159%8h2,721.4+0.168%$6.4M$692.0M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0177%1h2,718.9+0.077%$82.7M$315.9M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,720.6+0.139%$32.0M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0201%1h2,717+0.007%$7.3M$1.2M25xas long as short
BloFin ETH-USDT+0.0210%8h2,724.8+0.292%$282.9M$174.7M150xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,720.4+0.131%$248K$1.4M20xas long as short