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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 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Variational Omni against Nado+0.008%7-day average −0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on NadoShort on Variational Omni
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−0.017%−$2 · spread now +0.008%, 7d avg −0.011%
Together, before fees−0.020%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,728.20.0100pay 0.0012% / 1h41m 59s$13.7M$104.3M50x
ShortVariational Omni ETH2,728.40.0100get 0.0100% / 8h4h 41m$133.1M$325.5M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$0
Price spread: +0.008% → −0.011%
$1.96
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$5.04
Costs to cover
0.070%
Break-even
517959625968647.1 days
Slippage unknown: Nado: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 2 min ago0.18 bp3.7 bp −$43.9 bp −$395.7 bp −$56814.0 bp −$7,005
Sell Variational Omni RFQ quote, 2 min ago0.48 bpdoesn't fit0.8 bp −$85.5 bp −$553doesn't fit

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%43m2,728.4+0.010%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,732.2+0.148%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,728.4+0.009%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.2+0.039%$11.9M—200xas long as short
ApeX Omni ETHUSDT−0.0005%1h2,729.9+0.062%$8.9M$31.3M100xas long as short
dYdX ETH-USD0.0000%1h2,728.3+0.004%$10.7M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,728.3+0.005%$188K$841K50xas long as short
Phoenix ETH0.0000%1h2,728.1−0.002%$830K$2.9M25xas long as short
Bullet ETH-USD+0.0006%1h2,728.6+0.016%$181K$1.7M20xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,729.3+0.042%$26.2M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0050%1h2,728.6+0.016%$54.3M$187.6M40xas long as short
BingX ETH-USDT+0.0058%8h2,729+0.031%—$1.14B—as long as short
KuCoin ETHUSDTM+0.0070%8h2,729.2+0.036%$380.3M$576.1M100xas long as short
OKX ETH-USDT-SWAP+0.0073%8h2,729.6+0.051%$1.67B$10.70B100xas long as short
Aster ETHUSDT+0.0081%8h2,729.3+0.040%$251.3M$844.4M200xas long as short
HTX ETH-USDT+0.0082%8h2,728−0.007%$1.05B$1.19B200xas long as short
Deribit ETH-PERPETUAL+0.0083%1h2,730+0.066%$260.1M$196.8M50xas long as short
Aevo ETH-PERP+0.0088%1h2,726.4−0.066%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0089%8h2,729.2+0.037%$1.52B$2.55B500xas long as short
Binance ETHUSDT+0.0090%8h2,729.2+0.038%$6.34B$15.86B150xas long as short
Bybit ETHUSDT+0.0092%8h2,729.1+0.033%$2.39B$4.34B150xas long as short
Lighter ETH+0.0096%1h2,729.4+0.046%$112.0M$435.2M50xas long as short
Lighter RH ETH+0.0096%1h2,730.5+0.087%$23.2M$105.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,729.5+0.048%—$30.6M500xas long as short
Paradex ETH-USD-PERP+0.0098%8h2,732.4+0.156%$15.6M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,728.8+0.023%$5.6M$11.5M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,727.6−0.021%$499K$3.2M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,728.2long leg$13.7M$104.3M50x
Hyperliquid ETH+0.0100%1h2,731.1+0.108%$3.10B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,729.6+0.054%$31.6M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728.6+0.016%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,728.6+0.014%$2.8M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,729.2+0.037%$3.34B$8.82B200xas long as short
Bitget ETHUSDT+0.0100%8h2,729.2+0.036%$2.07B$2.75B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.8+0.024%$15.0M$39.7M50xas long as short
Variational Omni ETHshort+0.0100%8h2,728.4+0.008%$133.1M$325.5M—
edgeX ETHUSDC+0.0100%4h2,726.2−0.071%$182.6M$671.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.7+0.091%$158.9M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,730.4+0.082%$21.1M$69.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,729.4+0.046%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730.2+0.075%$11.1M$9.1M50xas long as short
Derive ETH-PERP+0.0100%1h2,730.4+0.081%$41.2M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,727.9−0.010%$956K$11.4M100xas long as short
Phemex ETHUSDT+0.0100%8h2,729+0.031%$265.3M$65.4M150xas long as short
Bulk ETH-USD+0.0100%1h2,730.9+0.100%$166.8M$318.0M25xas long as short
Extended ETH-USD+0.0104%1h2,728.6+0.014%$30.4M$72.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,730+0.066%$51.7M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0120%1h2,731.8+0.132%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0152%8h2,728.5+0.012%$6.4M$677.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,731.3+0.114%$32.1M$11.6M100xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,729.2+0.038%$84.2M$314.0M100xas long as short
Reya ETHRUSDPERP+0.0223%1h2,728−0.004%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,730.5+0.087%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0333%8h2,728.7+0.021%$284.6M$174.8M150xas long as short
Bluefin ETH-PERP+0.0413%1h2,729.6+0.051%$21K$20K25xas long as short