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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 07:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h −0.007%
Price spread now: RISEx against Nado+0.008%7-day average −0.009% · 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−$140.141% of the position
Long on NadoShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.003%$0 on $10k
Price spread, last 7 days−0.002%$0 · spread now +0.008%, 7d avg −0.009%
Together, before fees+0.001%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,733.10.0100pay 0.0012% / 1h14m 30s$14.2M$104.9M50x
ShortRISEx ETH/USDC2,733.30.0115get 0.0014% / 1h14m 30s$5.6M$11.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$3.16
Price spread: +0.008% → −0.009%
$1.74
Slippage, 4 orders
−$1.06
Fee Nado: 3.5 bp × 2 orders
−$7
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$9.16
Costs to cover
0.141%
Break-even
27.3 days
Slippage from Nado: live order book, 5 min ago; RISEx: live order book, 5 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, 5 min ago0.18 bp3.7 bp −$43.7 bp −$375.3 bp −$53512.6 bp −$6,305
Sell RISEx live order book, 5 min ago0.02 bp3.0 bp −$33.9 bp −$39doesn't fitdoesn't fit

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
Hotstuff ETH-PERP−0.0080%1h2,733.1+0.001%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,735.1+0.074%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.9−0.008%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,735.9+0.103%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,733.9+0.030%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,733.8+0.026%$6.6M$684.7M4.9xas long as short
Perpl ETH0.0000%43m2,733.4+0.012%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,734.2+0.040%$262.6M$214.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,733−0.003%$33.0M—200xas long as short
ApeX Omni ETHUSDT+0.0010%1h2,734.8+0.063%$8.6M$31.6M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,733.3+0.008%$191K$891K50xas long as short
HTX ETH-USDT+0.0024%8h2,732.5−0.022%$1.05B$1.22B200xas long as short
BingX ETH-USDC+0.0024%8h2,732.2−0.032%—$18.6M—as long as short
Bybit ETHUSDT+0.0030%8h2,732−0.038%$2.34B$4.40B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,732.9−0.007%$376.5M$577.1M100xas long as short
SoDEX ETH-USD+0.0077%1h2,733.1+0.001%$54.4M$187.2M40xas long as short
OKX ETH-USDT-SWAP+0.0083%8h2,732.1−0.038%$1.65B$10.88B100xas long as short
Aster ETHUSDT+0.0085%8h2,732.5−0.023%$253.2M$848.8M200xas long as short
Phemex ETHUSDT+0.0090%8h2,732.7−0.013%$263.2M$64.6M150xas long as short
Bullet ETH-USD+0.0093%1h2,732.2−0.032%$191K$1.7M20xas long as short
Aftermath Perps ETHUSD+0.0094%1h2,733.7+0.024%$30K$20K20xas long as short
MEXC ETH_USDT+0.0095%8h2,732.6−0.020%$1.54B$2.61B500xas long as short
Binance ETHUSDT+0.0096%8h2,732.3−0.027%$6.33B$16.14B150xas long as short
Lighter ETH+0.0096%1h2,733.7+0.022%$112.8M$437.9M50xas long as short
Lighter RH ETH+0.0096%1h2,735+0.069%$23.5M$103.3M50xas long as short
Aevo ETH-PERP+0.0096%1h2,731.1−0.074%$4.9M$161K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,732.7−0.014%$511K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,737.6+0.165%$15.3M$7.9M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,733.1long leg$14.2M$104.9M50x
Hyperliquid ETH+0.0100%1h2,734.9+0.066%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,733.8+0.026%$32.2M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.5−0.021%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,733.2+0.002%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,734.2+0.040%$164.8M$347.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.8−0.012%$3.31B$9.04B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.2−0.031%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,733.3+0.006%$15.1M$42.5M50xas long as short
Variational Omni ETH+0.0100%8h2,732.7−0.015%$134.1M$322.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,733.9+0.031%$185.9M$684.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.9+0.029%$158.9M$86.1M50xas long as short
StandX ETH-USD+0.0100%1h2,734+0.033%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.3+0.043%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.8+0.026%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.8+0.026%$22K$21K25xas long as short
SunX ETH-USDT+0.0100%8h2,732.6−0.020%$958K$11.0M100xas long as short
Extended ETH-USD+0.0104%1h2,731.4−0.062%$30.4M$73.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,733.8+0.025%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.5+0.052%$47.7M$4.33B50xas long as short
RISEx ETH/USDCshort+0.0115%1h2,733.3+0.008%$5.6M$11.6M25x
Hibachi ETH/USDT-P+0.0176%1h2,734.5+0.051%$242K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,735+0.072%$32.2M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0188%1h2,731.4−0.060%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,733.8+0.025%$82.2M$310.9M100xas long as short
BloFin ETH-USDT+0.0383%8h2,732.5−0.021%$280.6M$175.4M150xas long as short