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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%
Price spread now: Derive against Nado+0.053%7-day average +0.057% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on NadoShort on Derive
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.032%+$3 on $10k
Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.053%, 7d avg +0.057%
Together, before fees−0.005%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,771.50.0100pay 0.0012% / 1h12m 10s$15.2M$117.6M50x
ShortDerive ETH-PERP2,772.90.0100get 0.0013% / 1h12m 10s$42.7M$29.4M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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
$0
Price spread: +0.053% → +0.057%
−$0.36
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Derive: 3 bp × 2 orders
−$6
Net
−$13.36
Costs to cover
0.130%
Break-even
1372964334488102.0 days
Slippage unknown: Nado: live order book, 2 min ago; Derive: no order-book sample. Net counts fees only.

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, 2 min ago0.18 bp3.7 bp −$43.7 bp −$375.5 bp −$55313.5 bp −$6,728
Sell Derive no order-book sample—————
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%43m2,770.9−0.020%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.2+0.170%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.2+0.026%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,771.4−0.003%$171K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,775.9+0.160%$886K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771.3−0.006%$5.8M$11.7M25xas long as short
dYdX ETH-USD0.0000%1h2,773.3+0.065%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0003%1h2,775.9+0.160%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.4−0.003%$22.4M—200xas long as short
Deribit ETH-PERPETUAL+0.0021%1h2,772.1+0.024%$258.5M$225.1M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,770−0.053%$1.71B$11.89B100xas long as short
Phemex ETHUSDT+0.0025%8h2,770.7−0.030%$266.9M$66.1M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,771.3−0.005%$13.2M—200xas long as short
Aster ETHUSDT+0.0036%8h2,770.4−0.037%$256.2M$995.6M200xas long as short
ApeX Omni ETHUSDT+0.0040%1h2,775.9+0.158%$8.8M$32.7M100xas long as short
Aevo ETH-PERP+0.0048%1h2,768.6−0.104%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0051%8h2,770.2−0.045%$1.59B$2.69B500xas long as short
Binance ETHUSDT+0.0051%8h2,770.2−0.045%$6.44B$17.23B150xas long as short
Gate ETH_USDT+0.0075%8h2,770.3−0.041%$3.28B$9.69B200xas long as short
Bitget ETHUSDT+0.0076%8h2,770.1−0.048%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0084%1h2,770.7−0.028%$183K$1.8M20xas long as short
Lighter ETH+0.0096%1h2,771.2−0.011%$114.7M$515.2M50xas long as short
Lighter RH ETH+0.0096%1h2,772.4+0.032%$25.4M$123.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.1+0.059%—$41.7M500xas long as short
Variational Omni ETH+0.0098%8h2,776.8+0.194%$141.1M$320.7M—as long as short
HTX ETH-USDT+0.0100%8h2,770.5−0.034%$1.08B$1.32B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,771.2−0.010%$15.9M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.5+0.001%$486K$2.7M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,771.5long leg$15.2M$117.6M50x
Hyperliquid ETH+0.0100%1h2,773.3+0.066%$3.19B$2.40B25xas long as short
Pacifica ETH+0.0100%1h2,772.1+0.023%$31.3M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.1−0.051%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.5−0.035%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.3+0.065%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1+0.239%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,770.7−0.029%$422.0M$742.2M100xas long as short
BingX ETH-USDC+0.0100%8h2,770.1−0.051%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.6−0.032%$15.4M$42.9M50xas long as short
edgeX ETHUSDC+0.0100%4h2,776.1+0.167%$179.9M$795.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,779.2+0.279%$161.6M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,775.5+0.145%$21.4M$57.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,772.5+0.037%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.3+0.030%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.9+0.014%$21K$25K25xas long as short
Derive ETH-PERPshort+0.0100%1h2,772.9+0.053%$42.7M$29.4M15x
SunX ETH-USDT+0.0100%8h2,770−0.054%$971K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,770.5−0.035%$55.2M$228.6M40xas long as short
Extended ETH-USD+0.0104%1h2,769.9−0.055%$31.4M$75.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,771.9+0.016%$59.9M$4.62B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,772.4+0.033%$8.5M$674.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,773.2+0.064%$32.5M$12.0M100xas long as short
BloFin ETH-USDT+0.0171%8h2,772.3+0.028%$285.5M$195.7M150xas long as short
Reya ETHRUSDPERP+0.0184%1h2,771−0.016%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,771.7+0.009%$86.8M$330.8M100xas long as short
Hibachi ETH/USDT-P+0.0456%1h2,774.7+0.117%$280K$1.5M20xas long as short