Settings8H · net · $10k
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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.030%
Price spread now: Orderly against Nado+0.162%7-day average +0.082% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on NadoShort on Orderly
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.059%+$6 on $10k
Price spread, last 3 days (all we have)−0.113%−$11 · spread now +0.162%, 7d avg +0.082%
Together, before fees−0.054%+ Points / potential airdropNado: Active · farm board−$5 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 Orderly is 0.079% dearer against Nado than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.082%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,766.50.0100pay 0.0012% / 1h23m 01s$14.3M$118.2M50x
ShortOrderly PERP_ETH_USDC2,770.90.0141get 0.0141% / 8h23m 01s$32.6M$12.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$8.62
Price spread: +0.162% → +0.082%
$7.95
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Orderly: 3 bp × 2 orders
−$6
Net
$3.57
Costs to cover
0.130%
Break-even
4.1 days
Slippage unknown: Nado: live order book, 1 min ago; Orderly: 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, 1 min ago0.18 bp3.7 bp −$43.7 bp −$375.5 bp −$55413.6 bp −$6,819
Sell Orderly no order-book sample—————
Orderly: 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−0.0223%43m2,767.2+0.026%$285K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,766.6+0.005%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.558%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.2+0.027%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0039%1h2,768.4+0.070%$8.8M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,767.2+0.027%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,767+0.020%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.1+0.168%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,768.7+0.081%$22.4M—200xas long as short
BingX ETH-USDT+0.0016%8h2,769+0.092%—$1.23B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,769+0.092%$1.70B$11.87B100xas long as short
Aftermath Perps ETHUSD+0.0024%1h2,771.6+0.185%$29K$22K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,768.4+0.070%$12.8M—200xas long as short
Aster ETHUSDT+0.0029%8h2,768.9+0.088%$255.5M$1.00B200xas long as short
SoDEX ETH-USD+0.0031%1h2,768.4+0.070%$55.1M$229.0M40xas long as short
Phemex ETHUSDT+0.0037%8h2,769.3+0.104%$270.1M$69.0M150xas long as short
Bullet ETH-USD+0.0044%1h2,767.8+0.050%$182K$1.7M20xas long as short
Aevo ETH-PERP+0.0056%1h2,766.2−0.009%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0058%8h2,769+0.091%$1.60B$2.65B500xas long as short
Binance ETHUSDT+0.0058%8h2,768.9+0.089%$6.45B$17.31B150xas long as short
Bitget ETHUSDT+0.0066%8h2,769.1+0.094%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0069%8h2,768.9+0.087%$3.28B$9.66B200xas long as short
KuCoin ETHUSDTM+0.0082%8h2,768.9+0.088%$420.8M$739.6M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,770.6+0.148%$60.1M$4.59B50xas long as short
Bybit ETHUSDT+0.0089%8h2,769+0.090%$2.50B$4.63B150xas long as short
Vest ETH-PERP+0.0094%1h2,767.7+0.045%—$1.1M50xas long as short
HTX ETH-USDT+0.0095%8h2,769+0.091%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,769.7+0.118%$115.1M$499.8M50xas long as short
Lighter RH ETH+0.0096%1h2,770.9+0.161%$25.2M$121.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,766.8+0.011%—$43.4M500xas long as short
Deribit ETH-PERPETUAL+0.0097%1h2,770.2+0.134%$259.0M$222.4M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,766.6+0.004%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,766.1−0.013%$475K$2.7M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,766.5long leg$14.3M$118.2M50x
Hyperliquid ETH+0.0100%1h2,771.2+0.171%$3.17B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,767.5+0.038%$31.2M$312.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,765.6−0.031%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,767.6+0.043%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.9+0.233%$167.0M$259.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.2+0.100%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,770.3+0.140%$147.5M$336.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,768.5+0.072%$181.7M$783.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.2+0.173%$161.1M$89.0M50xas long as short
StandX ETH-USD+0.0100%1h2,768.8+0.085%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.8+0.048%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,768.8+0.085%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,767.5+0.037%$971K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,770.8+0.158%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,768.4+0.070%$32.5M$78.2M50xas long as short
Kalshi KXETHPERP+0.0113%8h2,768+0.056%$8.2M$687.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,770.2+0.134%$88.7M$337.1M100xas long as short
Orderly PERP_ETH_USDCshort+0.0141%8h2,770.9+0.162%$32.6M$12.1M100x
BloFin ETH-USDT+0.0178%8h2,768.9+0.089%$287.2M$194.3M150xas long as short
Reya ETHRUSDPERP+0.0203%1h2,767.5+0.036%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0224%1h2,768.9+0.088%$251K$1.6M20xas long as short