ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0228%/8h= +24.9% APRnext payment +$0.28 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against RISEx−0.043%7-day average +0.009% · 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−$20as in the Price arb table

costs, in and out, $10k−$150.148% of the position

Long on RISEx Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.043%, 7d avg +0.009%

Together, before fees+0.011%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.053% cheaper against RISEx than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of +0.009%). If the spread goes back, that is −$5 on $10k: about 19 hours of funding at the current rate (+$7 a day).

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.012% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ETH/USDC	2,770	−0.0128	get 0.0016% / 1h	50m 04s	$5.7M	$11.9M	25x
Short	Nado ETH-PERP	2,768.8	0.0100	get 0.0012% / 1h	50m 04s	$14.6M	$117.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against RISEx. 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

Position, each leg$Hold fordaysFee RISExbpFee NadobpOrdersPrice spread, now −0.043%Rate

Funding earned: $47.82
Price spread: −0.043% → +0.009%: −$5.28
Slippage, 4 orders: −$1.81
Fee RISEx: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $27.74
Costs to cover: 0.148%
Break-even: 2.9 days

Slippage from RISEx: live order book, 4 min ago; Nado: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 4 min ago	0.45 bp	3.5 bp −$3	5.0 bp −$50	291.6 bp −$29.2K	doesn't fit
Sell Nado live order book, 4 min ago	0.18 bp	3.7 bp −$4	3.7 bp −$37	4.7 bp −$474	12.7 bp −$6,327

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ETH/USDC PERP	−0.0752%	1h	2,772.4	+0.088%	$119K	$22.5M	52x	as long as short
Perpl ETH	−0.0223%	43m	2,769.8	−0.006%	$285K	$6.8M	8.3x	as long as short
RISEx ETH/USDClong	−0.0128%	1h	2,770	long leg	$5.7M	$11.9M	25x
Hotstuff ETH-PERP	−0.0080%	1h	2,769.6	−0.013%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0024%	1h	2,769.8	−0.006%	$168K	$1.2M	50x	as long as short
ApeX Omni ETHUSDT	−0.0016%	1h	2,771.8	+0.066%	$8.7M	$32.9M	100x	as long as short
Phoenix ETH	−0.0003%	1h	2,772.4	+0.088%	$876K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,768.8	−0.041%	$12.7M	$45.8M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,770.2	+0.009%	$8.2M	$689.3M	4.9x	as long as short
SoDEX ETH-USD	+0.0003%	1h	2,768.2	−0.063%	$55.1M	$228.8M	40x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet ETH-USD	+0.0005%	1h	2,769.6	−0.012%	$183K	$1.7M	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,770.5	+0.020%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,768.7	−0.047%	$1.71B	$11.72B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0025% / S +0.0009%	1h	2,770.2	+0.007%	$12.8M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0037%	1h	2,771.2	+0.046%	$29K	$22K	20x	as long as short
Aster ETHUSDT	+0.0039%	8h	2,768.5	−0.053%	$256.1M	$968.9M	200x	as long as short
Gate ETH_USDT	+0.0042%	8h	2,768.6	−0.048%	$3.30B	$8.91B	200x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,768.6	−0.050%	$5.0M	$165K	20x	as long as short
MEXC ETH_USDT	+0.0058%	8h	2,768.7	−0.044%	$1.62B	$2.62B	500x	as long as short
Binance ETHUSDT	+0.0058%	8h	2,768.4	−0.057%	$6.47B	$17.10B	150x	as long as short
HTX ETH-USDT	+0.0058%	8h	2,769.8	−0.006%	$1.08B	$1.31B	200x	as long as short
BingX ETH-USDC	+0.0066%	8h	2,768.5	−0.051%	—	$17.4M	—	as long as short
Bitget ETHUSDT	+0.0067%	8h	2,768.8	−0.043%	$2.10B	$3.04B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,769.3	−0.024%	$60.4M	$4.55B	50x	as long as short
KuCoin ETHUSDTM	+0.0081%	8h	2,769	−0.033%	$420.4M	$732.0M	100x	as long as short
Vest ETH-PERP	+0.0089%	1h	2,770	0.000%	—	$1.1M	50x	as long as short
Phemex ETHUSDT	+0.0090%	8h	2,768.1	−0.067%	$269.6M	$68.0M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,768.7	−0.045%	$115.1M	$456.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,770	+0.003%	$25.2M	$109.9M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,769.2	−0.026%	$15.9M	$9.7M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,769.6	−0.013%	$487K	$2.9M	50x	as long as short
Nado ETH-PERPshort	+0.0100%	1h	2,768.8	−0.043%	$14.6M	$117.8M	50x
Hyperliquid ETH	+0.0100%	1h	2,770.8	+0.030%	$3.17B	$2.30B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,769.8	−0.006%	$31.2M	$319.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,768.7	−0.044%	$2.50B	$4.57B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,768.7	−0.045%	$2.8M	$17.3M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,770.5	+0.021%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.5	+0.021%	$170.6M	$266.1M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,768.7	−0.045%	$15.2M	$43.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,768.8	−0.042%	$151.4M	$343.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,771.1	+0.041%	$181.9M	$785.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,772.6	+0.095%	$161.3M	$87.3M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,768	−0.071%	$21.4M	$58.8M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,770	+0.002%	$10.6M	$8.1M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,768.3	−0.058%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,769.9	−0.003%	$42.6M	$29.3M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,768.7	−0.044%	$970K	$13.7M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,768.1	−0.065%	$32.5M	$77.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,769.9	−0.002%	—	$41.7M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,769.6	−0.011%	$93.4M	$331.3M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0144%	1h	2,769.5	−0.017%	$259.2M	$217.2M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0147%	8h	2,770.5	+0.020%	$32.6M	$12.0M	100x	as long as short
Hibachi ETH/USDT-P	+0.0176%	1h	2,774.2	+0.153%	$253K	$1.6M	20x	as long as short
BloFin ETH-USDT	+0.0178%	8h	2,769.4	−0.019%	$287.5M	$191.4M	150x	as long as short
Reya ETHRUSDPERP	+0.0208%	1h	2,770	0.000%	$7.3M	$1.2M	25x	as long as short