ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0075%/8h= +8.3% APRnext payment +$0.09 per $10,000 · paid last 24h +0.015%

Price spread now: Kraken Futures against Nado+0.065%7-day average +0.011% · 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−$14as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on Nado Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.065%, 7d avg +0.011%

Together, before fees−0.078%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.054% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ETH-PERP	2,734.7	0.0100	pay 0.0012% / 1h	2m 38s	$14.2M	$105.4M	50x
Short	Kraken Futures PF_ETHUSD	2,736.5	0.0175	get 0.0022% / 1h	2m 38s	$83.6M	$311.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.065%Rate

Funding earned: $15.85
Price spread: +0.065% → +0.011%: $5.43
Slippage, 4 orders: −$2.08
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $2.2
Costs to cover: 0.191%
Break-even: 6.0 days

Slippage from Nado: live order book, 2 min ago; Kraken Futures: live order book, 2 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, 2 min ago	0.18 bp	3.7 bp −$4	3.7 bp −$37	5.3 bp −$527	13.5 bp −$6,741
Sell Kraken Futures live order book, 2 min ago	0.18 bp	5.8 bp −$6	7.1 bp −$71	8.6 bp −$856	12.4 bp −$6,196

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	2,734.4	−0.009%	$294K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,736.5	+0.067%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,735.2	+0.018%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,736.9	+0.081%	$817K	$3.0M	25x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,736.5	+0.065%	$259.4M	$210.0M	50x	as long as short
dYdX ETH-USD	+0.0005%	1h	2,736	+0.049%	$10.5M	$42.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,735.2	+0.019%	$33.0M	—	200x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,735.4	+0.026%	$117K	$22.5M	52x	as long as short
HTX ETH-USDT	+0.0011%	8h	2,734.9	+0.008%	$1.05B	$1.22B	200x	as long as short
BingX ETH-USDC	+0.0036%	8h	2,734.5	−0.005%	—	$18.5M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0044%	8h	2,735.1	+0.014%	$2.35B	$4.42B	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,735.9	+0.045%	$191K	$883K	50x	as long as short
KuCoin ETHUSDTM	+0.0080%	8h	2,735.3	+0.024%	$375.7M	$577.8M	100x	as long as short
Bullet ETH-USD	+0.0083%	1h	2,734.8	+0.006%	$184K	$1.7M	20x	as long as short
Aftermath Perps ETHUSD	+0.0084%	1h	2,735.8	+0.042%	$30K	$20K	20x	as long as short
SunX ETH-USDT	+0.0095%	8h	2,734.7	+0.001%	$959K	$11.1M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,735.7	+0.038%	$112.6M	$438.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,736.6	+0.071%	$23.5M	$104.3M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,733	−0.060%	$4.9M	$155K	20x	as long as short
OKX ETH-USDT-SWAP	+0.0098%	8h	2,735.3	+0.023%	$1.66B	$10.95B	100x	as long as short
Aster ETHUSDT	+0.0098%	8h	2,735.5	+0.030%	$253.1M	$848.5M	200x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,735.2	+0.019%	$509K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,739.5	+0.177%	$15.3M	$8.0M	50x	as long as short
Nado ETH-PERPlong	+0.0100%	1h	2,734.7	long leg	$14.2M	$105.4M	50x
Hyperliquid ETH	+0.0100%	1h	2,736.9	+0.081%	$3.11B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,736.3	+0.060%	$32.0M	$334.3M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	2,735.2	+0.018%	$6.34B	$16.16B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,734.7	+0.001%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,736	+0.048%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,735	+0.011%	$163.2M	$327.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,735.5	+0.030%	$3.28B	$9.10B	200x	as long as short
MEXC ETH_USDT	+0.0100%	8h	2,735.4	+0.027%	$1.53B	$2.62B	500x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,735.3	+0.022%	$2.09B	$2.79B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,735.6	+0.033%	$15.1M	$42.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,737.1	+0.090%	$135.0M	$326.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,736.6	+0.072%	$185.6M	$682.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,738.1	+0.125%	$159.3M	$87.5M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,736.5	+0.067%	$8.7M	$31.5M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,736.2	+0.056%	$21.0M	$70.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,736.5	+0.068%	—	$879K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,736.2	+0.056%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,736.1	+0.050%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,737.3	+0.094%	$41.0M	$30.2M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,735.5	+0.030%	$54.5M	$187.6M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,736.1	+0.051%	$263.9M	$65.1M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,734.5	−0.008%	$30.3M	$74.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,735.6	+0.033%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,737.1	+0.088%	$50.3M	$4.33B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,736.2	+0.055%	$5.6M	$11.8M	25x	as long as short
Kalshi KXETHPERP	+0.0130%	8h	2,735.4	+0.026%	$6.8M	$693.3M	4.9x	as long as short
Kraken Futures PF_ETHUSDshort	+0.0175%	1h	2,736.5	+0.065%	$83.6M	$311.4M	100x
Orderly PERP_ETH_USDC	+0.0188%	8h	2,737.8	+0.115%	$32.2M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0196%	1h	2,734	−0.025%	$7.3M	$1.3M	25x	as long as short
Hibachi ETH/USDT-P	+0.0288%	1h	2,737.4	+0.100%	$250K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0400%	8h	2,735.6	+0.032%	$280.0M	$175.3M	150x	as long as short