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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h −0.017%
Price spread now: Kalshi against Nado+0.047%7-day average −0.024% · 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−$12as in the Price arb table
costs, in and out, $10k−$190.193% of the position
Long on NadoShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.050%−$5 on $10k
Price spread, last 7 days−0.013%−$1 · spread now +0.047%, 7d avg −0.024%
Together, before fees−0.063%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kalshi is 0.071% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,747.40.0100pay 0.0012% / 1h16m 15s$14.0M$112.3M50x
ShortKalshi KXETHPERP2,748.70.0145get 0.0145% / 8h2h 16m$7.7M$674.1M4.9x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi 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
$9.45
Price spread: +0.047% → −0.024%
$7.14
Slippage, 4 orders
−$2.28
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$2.69
Costs to cover
0.193%
Break-even
9.0 days
Slippage from Nado: live order book, 3 min ago; Kalshi: 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 bp3.7 bp −$44.3 bp −$435.8 bp −$58412.8 bp −$6,402
Sell Kalshi live order book, 3 min ago0.55 bp6.0 bp −$67.6 bp −$7611.6 bp −$1,15817.7 bp −$8,839

ETH on 54 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%43m2,748+0.020%$310K$5.9M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,748.3+0.033%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,748.7+0.048%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,748+0.023%$12.2M—200xas long as short
Phoenix ETH−0.0006%1h2,747.2−0.007%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,748.4+0.036%$10.8M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,748.1+0.027%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0032%1h2,749+0.058%$181K$1.1M50xas long as short
ApeX Omni ETHUSDT+0.0036%1h2,747.8+0.013%$8.7M$31.4M100xas long as short
BingX ETH-USDT+0.0038%8h2,747.8+0.014%—$1.17B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0049%8h2,746.6−0.029%$1.69B$10.94B100xas long as short
HTX ETH-USDT+0.0060%8h2,747.40.000%$1.06B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0069%8h2,746.4−0.036%$371.9M$610.1M100xas long as short
Aster ETHUSDT+0.0069%8h2,748+0.021%$253.8M$858.6M200xas long as short
MEXC ETH_USDT+0.0080%8h2,747.3−0.005%$1.56B$2.57B500xas long as short
Aevo ETH-PERP+0.0080%1h2,744.9−0.092%$4.9M$168K20xas long as short
Binance ETHUSDT+0.0080%8h2,747.3−0.005%$6.38B$16.21B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,748+0.022%$58.9M$4.33B50xas long as short
Lighter ETH+0.0096%1h2,747.5+0.002%$113.1M$444.1M50xas long as short
Lighter RH ETH+0.0096%1h2,748.8+0.051%$24.9M$107.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,748.5+0.039%—$35.6M500xas long as short
Gate ETH_USDT+0.0096%8h2,748.1+0.027%$3.39B$8.92B200xas long as short
Bitget ETHUSDT+0.0096%8h2,747.1−0.011%$2.08B$2.83B150xas long as short
Aftermath Perps ETHUSD+0.0098%1h2,749.3+0.068%$30K$20K20xas long as short
Bullet ETH-USD+0.0099%1h2,748.1+0.026%$183K$1.7M20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,751.8+0.159%$16.3M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,747.2−0.007%$477K$2.9M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,747.4long leg$14.0M$112.3M50x
Hyperliquid ETH+0.0100%1h2,750.4+0.109%$3.13B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,748.6+0.042%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.6−0.029%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,747.40.000%$2.8M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,749+0.059%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.1−0.011%$15.0M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,748.7+0.048%$133.2M$345.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.3−0.038%$181.6M$704.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.6+0.009%$159.8M$82.9M50xas long as short
StandX ETH-USD+0.0100%1h2,748.1+0.026%$21.3M$68.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749+0.058%$10.7M$8.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.7+0.010%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.8+0.053%$41.7M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,747.2−0.007%$964K$12.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,747−0.014%$54.7M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,748.1+0.026%$267.4M$66.0M150xas long as short
Bulk ETH-USD+0.0100%1h2,747.7+0.010%$164.0M$301.0M25xas long as short
Vest ETH-PERP+0.0100%1h2,749.1+0.060%—$867K50xas long as short
Extended ETH-USD+0.0104%1h2,746.4−0.037%$30.5M$73.5M50xas long as short
Deribit ETH-PERPETUAL+0.0125%1h2,748.2+0.027%$258.5M$199.8M50xas long as short
Kalshi KXETHPERPshort+0.0145%8h2,748.7+0.047%$7.7M$674.1M4.9x
Orderly PERP_ETH_USDC+0.0174%8h2,749.5+0.078%$32.3M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,749.1+0.063%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,746.3−0.040%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0221%1h2,748.1+0.026%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,747.7+0.012%$89.1M$316.9M100xas long as short