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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 04:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.018%
Price spread now: OKX against Nado−0.002%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Long on NadoShort on OKX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.047%−$5 on $10k
Price spread, last 7 days+0.019%+$2 · spread now −0.002%, 7d avg −0.020%
Together, before fees−0.029%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,733.10.0100pay 0.0012% / 1h15m 04s$13.6M$104.4M50x
ShortOKX ETH-USDT-SWAP2,7330.0072get 0.0072% / 8h4h 15m$1.67B$10.71B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$5.88
Price spread: −0.002% → −0.020%
$1.81
Slippage, 4 orders
−$0.4
Fee Nado: 3.5 bp × 2 orders
−$7
Fee OKX: 5 bp × 2 orders
−$10
Net
−$21.47
Costs to cover
0.174%
Break-even
never at this rate
Slippage from Nado: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago0.18 bp3.7 bp −$43.7 bp −$376.1 bp −$60816.4 bp −$8,220
Sell OKX live order book, 4 min ago0.02 bp5.0 bp −$55.0 bp −$505.5 bp −$5557.7 bp −$3,873

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%43m2,733.5+0.015%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.041%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.7−0.014%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,733.8+0.025%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,733.1−0.001%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,734.6+0.055%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,734.2+0.041%$828K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,733.9+0.028%$28.1M—200xas long as short
Bullet ETH-USD+0.0009%1h2,733.2+0.004%$179K$1.7M20xas long as short
HTX ETH-USDT+0.0034%8h2,732.6−0.019%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0048%8h2,732.4−0.026%—$18.4M—as long as short
ApeX Omni ETHUSDT+0.0053%1h2,733.7+0.022%$8.7M$31.3M100xas long as short
Bybit ETHUSDT+0.0057%8h2,732.9−0.008%$2.38B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0064%8h2,733.6+0.019%$380.3M$574.6M100xas long as short
OKX ETH-USDT-SWAPshort+0.0072%8h2,733−0.002%$1.67B$10.71B100x
Phemex ETHUSDT+0.0075%8h2,734+0.033%$265.8M$65.1M150xas long as short
Aster ETHUSDT+0.0085%8h2,733.1+0.002%$251.0M$841.9M200xas long as short
SoDEX ETH-USD+0.0093%1h2,733.2+0.004%$54.4M$187.6M40xas long as short
MEXC ETH_USDT+0.0093%8h2,733.2+0.003%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0094%8h2,733.1+0.002%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,733.6+0.020%$112.9M$440.6M50xas long as short
Lighter RH ETH+0.0096%1h2,734.7+0.060%$23.4M$106.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,733.9+0.028%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,730.9−0.079%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,736.4+0.121%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,734.5+0.053%$5.6M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,733.6+0.019%$499K$3.2M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,733.1long leg$13.6M$104.4M50x
Hyperliquid ETH+0.0100%1h2,735.6+0.092%$3.10B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,734.2+0.042%$31.9M$333.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.4−0.025%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,734.5+0.052%$1.6M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,733.2+0.005%$3.34B$8.92B200xas long as short
Bitget ETHUSDT+0.0100%8h2,733−0.004%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.8−0.010%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732.4−0.025%$133.8M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.8−0.012%$183.8M$672.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,734.6+0.055%$159.1M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,734+0.033%$21.1M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.3+0.044%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,735.2+0.077%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.8+0.025%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,735.1+0.073%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,732.3−0.030%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8+0.064%$164.8M$300.4M25xas long as short
Extended ETH-USD+0.0104%1h2,732.6−0.020%$30.4M$72.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.3+0.043%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0115%1h2,734+0.033%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0116%1h2,734.6+0.055%$259.7M$196.5M50xas long as short
Kalshi KXETHPERP+0.0135%8h2,733−0.003%$6.8M$678.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,735.9+0.103%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0218%1h2,732.6−0.019%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,733.9+0.029%$83.2M$314.9M100xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,734.3+0.045%$250K$1.4M20xas long as short
BloFin ETH-USDT+0.0376%8h2,733.2+0.003%$283.7M$175.6M150xas long as short