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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 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Nado against Paradex−0.071%7-day average −0.036% · 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−$19as in the Price arb table
costs, in and out, $10k−$160.157% of the position
Long on ParadexShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)0.000%$0 on $10k
Price spread, last 7 days+0.059%+$6 · spread now −0.071%, 7d avg −0.036%
Together, before fees+0.059%+ Points / potential airdropParadex: Active · Nado: Active · farm board+$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.035% cheaper against Paradex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETH-USD-PERP2,731.80.0100pay 0.0100% / 8h3h 20m$15.6M$8.0M50x
ShortNado ETH-PERP2,729.90.0100get 0.0012% / 1h20m 55s$13.7M$104.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Paradex. 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
$0.01
Price spread: −0.071% → −0.036%
−$3.48
Slippage, 4 orders
−$4.72
Fee Paradex: 2 bp × 2 orders
−$4
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$19.19
Costs to cover
0.157%
Break-even
9825.0 days
Slippage from Paradex: live order book, 3 min ago; Nado: live order book, 3 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 Paradex live order book, 3 min ago2.18 bp4.2 bp −$44.2 bp −$42doesn't fitdoesn't fit
Sell Nado live order book, 3 min ago0.18 bp3.7 bp −$43.9 bp −$395.5 bp −$55313.4 bp −$6,705

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−0.0335%43m2,730.8−0.038%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,731.4−0.015%$5K$1K50xas long as short
HTX ETH-USDT−0.0016%8h2,730.6−0.043%$1.06B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.6−0.006%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,731.7−0.004%$817K$2.9M25xas long as short
Kalshi KXETHPERP0.0000%8h2,731.2−0.022%$6.4M$684.8M4.9xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,731.80.000%$28.1M—200xas long as short
dYdX ETH-USD+0.0008%1h2,731.1−0.027%$10.7M$42.1M50xas long as short
Bullet ETH-USD+0.0024%1h2,731.2−0.021%$178K$1.7M20xas long as short
BingX ETH-USDC+0.0033%8h2,729.2−0.096%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0036%8h2,729.9−0.070%$2.36B$4.38B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,731.6−0.008%$187K$815K50xas long as short
Deribit ETH-PERPETUAL+0.0054%1h2,732+0.007%$258.6M$201.7M50xas long as short
SunX ETH-USDT+0.0065%8h2,730.4−0.051%$957K$11.2M100xas long as short
ApeX Omni ETHUSDT+0.0066%1h2,728.1−0.138%$8.6M$31.1M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,730.3−0.056%$377.4M$574.1M100xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,730.2−0.059%$1.67B$10.75B100xas long as short
Aster ETHUSDT+0.0079%8h2,730.2−0.058%$250.7M$841.2M200xas long as short
Aevo ETH-PERP+0.0080%1h2,729.3−0.093%$4.9M$155K20xas long as short
SoDEX ETH-USD+0.0081%1h2,730.8−0.037%$54.4M$187.7M40xas long as short
Phemex ETHUSDT+0.0082%8h2,730.2−0.059%$264.6M$64.9M150xas long as short
Binance ETHUSDT+0.0087%8h2,730.3−0.054%$6.33B$15.94B150xas long as short
MEXC ETH_USDT+0.0087%8h2,730.2−0.059%$1.55B$2.57B500xas long as short
Lighter ETH+0.0096%1h2,731−0.030%$112.4M$434.7M50xas long as short
Lighter RH ETH+0.0096%1h2,731.9+0.003%$23.4M$104.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,730.5−0.049%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,733.1+0.047%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,730.4−0.052%$499K$3.4M50xas long as short
Paradex ETH-USD-PERPlong+0.0100%8h2,731.8long leg$15.6M$8.0M50x
Nado ETH-PERPshort+0.0100%1h2,729.9−0.071%$13.7M$104.5M50x
Hyperliquid ETH+0.0100%1h2,732.4+0.022%$3.09B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732+0.007%$31.8M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,729.5−0.084%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.5−0.010%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2−0.131%$169.5M$307.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.1−0.063%$3.33B$8.92B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.2−0.059%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.4−0.050%$14.9M$40.6M50xas long as short
Variational Omni ETH+0.0100%8h2,730.3−0.053%$134.3M$322.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,728.1−0.137%$183.5M$671.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.6−0.080%$158.8M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,729.6−0.081%$21.0M$69.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,731.2−0.022%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.8+0.036%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,731.9+0.002%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,733.1+0.046%$41.0M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,729.5−0.086%$30.6M$73.4M50xas long as short
RISEx ETH/USDC+0.0107%1h2,731.5−0.012%$5.6M$11.8M25xas long as short
Aftermath Perps ETHUSD+0.0108%1h2,731.7−0.003%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,731.7−0.005%$50.6M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,731.5−0.010%$83.6M$315.9M100xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,733.6+0.065%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0209%1h2,730.4−0.053%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,728.7−0.113%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0346%8h2,730.1−0.061%$282.9M$174.8M150xas long as short