Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.4% APRnext payment −$0.06 per $10,000 · paid last 24h −0.011%
Price spread now: Nado against Aftermath Perps−0.094%7-day average −0.027% · 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−$32as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Funding, last 3 days (all we have)−0.029%−$3 on $10k
+Price spread, last 3 days (all we have)+0.045%+$5 · spread now −0.094%, 7d avg −0.027%
=Together, before fees+0.016%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.067% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps BTCUSD | 86,473.3 | 0.0150 | pay 0.0019% / 1h | 25m 08s | $78K | $219K | 20x |
| Short | Nado BTC-PERP | 86,391.8 | 0.0100 | get 0.0012% / 1h | 25m 08s | $22.0M | $234.5M | 50x |
Aftermath Perps BTCUSD
Nado BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Aftermath Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.44
- Price spread: −0.094% → −0.027%
- −$6.73
- Slippage, 4 orders
- −$9.32
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$42.48
- Costs to cover
- 0.253%
- Break-even
- never at this rate
Slippage from Aftermath Perps: live order book, 54 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 Aftermath Perps live order book, 54 min ago | 1.00 bp | 8.8 bp −$9 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.9 bp −$493 | 10.0 bp −$4,993 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0118% | 1h | 86,430 | −0.050% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,384 | −0.103% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | +0.110% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,392.7 | −0.093% | $8.3M | $42.8M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,396.8 | −0.088% | $359K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0001% | 8h | 86,423.6 | −0.057% | $501.4M | $1.15B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,390.9 | −0.095% | $415K | $23.1M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,406.9 | −0.077% | $36.8M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0017% | 8h | 86,411.9 | −0.071% | $849.8M | $715.7M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0032% | 1h | 86,387.9 | −0.099% | $6.7M | $145.5M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit BTC-PERPETUAL | +0.0040% | 1h | 86,456.9 | −0.019% | $914.5M | $1.48B | 50x | as long as short |
| BingX BTC-USDC | +0.0042% | 8h | 86,409.8 | −0.073% | — | $15.4M | — | as long as short |
| Bitget BTCUSDT | +0.0051% | 8h | 86,416.8 | −0.065% | $2.96B | $5.13B | 150x | as long as short |
| Phemex BTCUSDT | +0.0052% | 8h | 86,418.4 | −0.063% | $150.6M | $478.3M | 150x | as long as short |
| dYdX BTC-USD | +0.0064% | 1h | 86,399.5 | −0.085% | $16.9M | $21.2M | 50x | as long as short |
| MEXC BTC_USDT | +0.0068% | 8h | 86,418.9 | −0.063% | $5.16B | $5.67B | 500x | as long as short |
| Binance BTCUSDT | +0.0069% | 8h | 86,418.9 | −0.063% | $9.42B | $24.58B | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,409.5 | −0.074% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0081% | 8h | 86,390 | −0.096% | $5.85B | $10.77B | 200x | as long as short |
| SoDEX BTC-USD | +0.0087% | 1h | 86,416 | −0.066% | $60.3M | $338.0M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,432.5 | −0.047% | $170.5M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,430.6 | −0.049% | $23.9M | $152.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,378 | −0.110% | $8.4M | $52.4M | 100x | as long as short |
| Bybit BTCUSDT | +0.0097% | 8h | 86,426 | −0.055% | $5.26B | $9.81B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,356 | −0.136% | $200K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,425.2 | −0.056% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERPshort | +0.0100% | 1h | 86,391.8 | −0.094% | $22.0M | $234.5M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 86,453 | −0.023% | $3.79B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,417 | −0.065% | $41.0M | $529.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,433.1 | −0.046% | $2.55B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,392 | −0.094% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,422.4 | −0.059% | $7.5M | $95.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,415.3 | −0.067% | $38.1M | $155.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,405.8 | −0.078% | $157.3M | $568.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,448.6 | −0.029% | $279.2M | $945.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,418.1 | −0.064% | $217.0M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,461.9 | −0.013% | $141.4M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,411 | −0.072% | $30.6M | $205.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,433.5 | −0.046% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,385 | −0.102% | $11.1M | $13.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,386.7 | −0.100% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,411.7 | −0.071% | $2.4M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,422.3 | −0.059% | $140K | $664K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,447.4 | −0.030% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,378.3 | −0.110% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,392.9 | −0.093% | $2.29B | $969.5M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,464.9 | −0.010% | $572.1M | $16.9M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,400.3 | −0.084% | $45.5M | $227.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,408 | −0.076% | — | $98.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,456.6 | −0.019% | $192.2M | $954.6M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,471.6 | −0.002% | $132.4M | $5.65B | 50x | as long as short |
| Aftermath Perps BTCUSDlong | +0.0150% | 1h | 86,473.3 | long leg | $78K | $219K | 20x | |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,443.5 | −0.034% | $727K | $8.0M | 30x | as long as short |
| BloFin BTC-USDT | +0.0189% | 8h | 86,399.8 | −0.085% | $416.8M | $658.1M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0196% / S −0.0219% | 1h | 86,401.8 | −0.083% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0207% | 8h | 86,423 | −0.058% | $9.8M | $748.0M | 6.4x | as long as short |
Deribit BTC-PERPETUAL
BingX BTC-USDC
Bitget BTCUSDT
Phemex BTCUSDT
dYdX BTC-USD
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP