ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0153%/8h= +16.8% APRnext payment +$0.19 per $10,000 · paid last 24h −0.036%

Price spread now: Injective against Nado+0.216%49s7-day average +0.076% · 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—prices read too far apart to compare

costs, in and out, $10k−$680.683% of the position

Long on Nado Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.548%−$55 · spread now +0.216%, 7d avg +0.076%

Together, before fees−0.612%+ Points / potential airdropNado: Active · farm board−$61 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.140% dearer against Nado than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.076%. Mind the row above: over the last 4 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ETH-PERP	2,747.7	0.0100	pay 0.0012% / 1h	0m 06s	$14.6M	$100.5M	50x
Short	Injective ETH/USDC PERP	2,753.6	0.0253	get 0.0032% / 1h	0m 06s	$122K	$23.9M	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.216%Rate

Funding earned: $32.17
Price spread: +0.216% → +0.076%: $13.96
Slippage, 4 orders: −$61.23
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$22.12
Costs to cover: 0.683%
Break-even: 11.8 days

Slippage from Nado: live order book, 4 min ago; Injective: 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	4.6 bp −$464	13.1 bp −$6,560
Sell Injective live order book, 4 min ago	14.88 bp	46.0 bp −$46	47.1 bp −$471	47.2 bp −$4,718	doesn't fit

ETH on 54 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
Hotstuff ETH-PERP	−0.0080%	1h	2,747.7	+0.001%	$5K	$1K	50x	as long as short
Bybit ETHUSDT	−0.0035%	8h	2,748.4	+0.027%	$2.36B	$4.14B	150x	as long as short
Hibachi ETH/USDT-P	−0.0024%	1h	2,749.6	+0.071%	$236K	$1.3M	20x	as long as short
Phoenix ETH	−0.0012%	1h	2,751.4	+0.136%	$814K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,748.9	+0.043%	$12.0M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,749	+0.047%	$11.1M	$41.5M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,748.9	+0.045%	$6.8M	$664.3M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,749.2	+0.055%	$273K	$5.3M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,749.8	+0.076%	$33.2M	—	200x	as long as short
Phemex ETHUSDT	+0.0010%	8h	2,749.4	+0.061%	$264.6M	$59.4M	150x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0016%	1h	2,749.4	+0.063%	$182K	$927K	50x	as long as short
Deribit ETH-PERPETUAL	+0.0026%	1h	2,750.9	+0.116%	$266.4M	$209.6M	50x	as long as short
Gate ETH_USDT	+0.0042%	8h	2,748.6	+0.032%	$3.28B	$8.58B	200x	as long as short
OKX ETH-USDT-SWAP	+0.0069%	8h	2,748.5	+0.029%	$1.67B	$10.21B	100x	as long as short
Aster ETHUSDT	+0.0072%	8h	2,748.7	+0.038%	$253.6M	$796.7M	200x	as long as short
ApeX Omni ETHUSDT	+0.0075%	1h	2,751.7	+0.147%	$8.4M	$30.4M	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,747.2	−0.015%	$4.9M	$200K	20x	as long as short
Binance ETHUSDT	+0.0081%	8h	2,748.8	+0.042%	$6.40B	$15.44B	150x	as long as short
MEXC ETH_USDT	+0.0081%	8h	2,749.1	+0.052%	$1.58B	$2.63B	500x	as long as short
HTX ETH-USDT	+0.0081%	8h	2,749.5	+0.065%	$1.05B	$1.16B	200x	as long as short
KuCoin ETHUSDTM	+0.0089%	8h	2,749.5	+0.065%	$368.1M	$482.4M	100x	as long as short
SoDEX ETH-USD	+0.0095%	1h	2,749.6	+0.070%	$54.8M	$160.1M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,749.8	+0.076%	$113.6M	$411.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,751.2	+0.129%	$24.8M	$100.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,748.9	+0.044%	—	$24.7M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,749	+0.048%	$504K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,752.7	+0.183%	$15.7M	$6.5M	50x	as long as short
Nado ETH-PERPlong	+0.0100%	1h	2,747.7	long leg	$14.6M	$100.5M	50x
Hyperliquid ETH	+0.0100%	1h	2,750.8	+0.114%	$3.13B	$1.94B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,748.9	+0.045%	$32.1M	$327.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,747.9	+0.008%	$2.8M	$15.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,749.4	+0.064%	$1.5M	$15.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,751.4	+0.134%	$166.7M	$340.7M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,748.8	+0.041%	$2.11B	$2.55B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,748.5	+0.028%	—	$990.1M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,749.1	+0.050%	$15.0M	$37.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,746.4	−0.046%	$131.8M	$307.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,752.5	+0.175%	$186.5M	$693.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,751.4	+0.137%	$160.0M	$73.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,750	+0.085%	$21.1M	$72.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,750.7	+0.111%	—	$409K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,750.3	+0.096%	$11.3M	$9.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,749.4	+0.062%	$177K	$1.7M	20x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,749	+0.046%	$947K	$10.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,748.7	+0.037%	$30.4M	$68.6M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0104%	1h	2,750.5	+0.102%	$82.7M	$291.0M	100x	as long as short
Aftermath Perps ETHUSD	+0.0109%	1h	2,749.9	+0.080%	$30K	$12K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,750.6	+0.106%	$45.7M	$4.12B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,749.6	+0.071%	$5.6M	$11.3M	25x	as long as short
Reya ETHRUSDPERP	+0.0167%	1h	2,747.3	−0.013%	$7.3M	$885K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0181%	8h	2,752.1	+0.159%	$32.4M	$10.4M	100x	as long as short
Injective ETH/USDC PERPshort	+0.0253%	1h	2,753.6	+0.216%	$122K	$23.9M	52x
BloFin ETH-USDT	+0.0260%	8h	2,748	+0.013%	$282.1M	$169.9M	150x	as long as short
Bluefin ETH-PERP	+0.0541%	1h	2,749.6	+0.070%	$20K	$15K	25x	as long as short