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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.10 per $10,000 · paid last 24h −0.024%
Price spread now: Nado against Reya+0.041%7-day average +0.044% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Nado
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.047%−$5 on $10k
Price spread, last 7 days−0.001%$0 · spread now +0.041%, 7d avg +0.044%
Together, before fees−0.048%+ Points / potential airdropReya: Active · Nado: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ETHRUSDPERP2,723.30.0182pay 0.0023% / 1h37m 11s$7.3M$975K25x
ShortNado ETH-PERP2,724.50.0100get 0.0012% / 1h37m 11s$14.0M$105.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Reya. 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
−$17.31
Price spread: +0.041% → +0.044%
−$0.28
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$30.59
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Nado: live order book, 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 Reya no order-book sample—————
Sell Nado live order book, 2 min ago0.18 bp3.7 bp −$43.7 bp −$375.6 bp −$55713.5 bp −$6,769
Reya: 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
BloFin ETH-USDT−0.0183%8h2,723.9+0.020%$280.3M$177.6M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726+0.097%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,732.8+0.347%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,724.4+0.037%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,725+0.061%$10.5M$42.5M50xas long as short
Kalshi KXETHPERP0.0000%8h2,725.5+0.079%$6.4M$681.9M4.9xas long as short
Perpl ETH0.0000%43m2,725.6+0.081%$285K$5.7M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,724.9+0.058%$262.6M$212.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,724.4+0.039%$32.9M—200xas long as short
BingX ETH-USDT+0.0018%8h2,725.1+0.063%—$1.09B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0023%8h2,724.9+0.057%$2.32B$4.36B150xas long as short
HTX ETH-USDT+0.0027%8h2,723.8+0.018%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,724.9+0.057%$191K$890K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,726.3+0.108%$117K$20.2M52xas long as short
ApeX Omni ETHUSDT+0.0052%1h2,731+0.281%$8.5M$31.6M100xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,724.3+0.037%$82.0M$309.7M100xas long as short
Hibachi ETH/USDT-P+0.0064%1h2,727.1+0.139%$240K$1.4M20xas long as short
KuCoin ETHUSDTM+0.0072%8h2,724+0.023%$383.2M$577.6M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,725.3+0.070%$1.65B$10.84B100xas long as short
Aster ETHUSDT+0.0078%8h2,725.2+0.069%$252.4M$849.5M200xas long as short
Aevo ETH-PERP+0.0088%1h2,720.5−0.106%$4.9M$185K20xas long as short
SoDEX ETH-USD+0.0088%1h2,724+0.024%$54.2M$187.2M40xas long as short
Binance ETHUSDT+0.0091%8h2,725.1+0.065%$6.30B$16.17B150xas long as short
MEXC ETH_USDT+0.0092%8h2,723.5+0.004%$1.55B$2.56B500xas long as short
Lighter ETH+0.0096%1h2,724.3+0.036%$112.2M$430.4M50xas long as short
Lighter RH ETH+0.0096%1h2,725.9+0.092%$23.4M$102.1M50xas long as short
Aftermath Perps ETHUSD+0.0098%1h2,729.2+0.215%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,724.5+0.042%$499K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.9+0.204%$15.3M$7.7M50xas long as short
Nado ETH-PERPshort+0.0100%1h2,724.5+0.041%$14.0M$105.0M50x
Hyperliquid ETH+0.0100%1h2,726.8+0.127%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,726.1+0.102%$31.9M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,724.5+0.042%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,725.8+0.089%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,726.2+0.106%$163.3M$356.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,725.3+0.072%$3.31B$8.87B200xas long as short
Bitget ETHUSDT+0.0100%8h2,725.3+0.070%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,725.1+0.065%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,729.4+0.222%$133.9M$317.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,726.4+0.113%$185.4M$681.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,727.6+0.158%$158.6M$82.0M50xas long as short
StandX ETH-USD+0.0100%1h2,726.8+0.127%$21.0M$70.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,726.4+0.113%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,725.6+0.083%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,724.2+0.031%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,724.6+0.044%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.9+0.168%$40.8M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,723.40.000%$956K$10.9M100xas long as short
Phemex ETHUSDT+0.0100%8h2,724.5+0.043%$262.7M$64.5M150xas long as short
Extended ETH-USD+0.0104%1h2,723.2−0.006%$30.4M$72.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,724.8+0.054%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,725.5+0.077%$46.6M$4.29B50xas long as short
RISEx ETH/USDC+0.0114%1h2,725.2+0.069%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERPlong+0.0182%1h2,723.3long leg$7.3M$975K25x
Orderly PERP_ETH_USDC+0.0184%8h2,726.5+0.116%$32.1M$11.2M100xas long as short