Settings8H · net · $10k
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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 11:00 UTC+0.0121%/8h= +13.3% APRpaid last 24h +0.013%
Price spread now: Nado against BloFin+0.014%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Long on BloFinShort on Nado
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.085%+$8 on $10k
Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.014%, 7d avg +0.001%
Together, before fees+0.094%+ Points / potential airdropNado: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BTC-USDT86,047.9−0.0021get 0.0021% / 8h5h 48m$422.6M$563.8M150x
ShortNado BTC-PERP86,060.30.0100get 0.0012% / 1h48m 49s$23.5M$195.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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
$25.46
Price spread: +0.014% → +0.001%
$1.29
Slippage, 4 orders
−$0.15
Fee BloFin: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$7.6
Costs to cover
0.191%
Break-even
4.9 days
Slippage from BloFin: live order book, 3 min ago; Nado: live order book, 8 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 BloFin live order book, 3 min ago0.02 bp6.0 bp −$66.0 bp −$606.1 bp −$605doesn't fit
Sell Nado live order book, 8 min ago0.06 bp3.6 bp −$43.6 bp −$364.3 bp −$43310.6 bp −$5,289

BTC on 55 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC−0.0133%1h86,126+0.091%$2.1M$7.8M40xas long as short
ApeX Omni BTCUSDT−0.0103%1h86,098.5+0.059%$137.8M$295.3M100xas long as short
Hotstuff BTC-PERP−0.0080%1h86,197+0.173%$8K$2K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,061.4+0.016%$363K$2.0M50xas long as short
BloFin BTC-USDTlong−0.0021%8h86,047.9long leg$422.6M$563.8M150x
SoDEX BTC-USD−0.0009%1h86,0480.000%$65.9M$187.9M40xas long as short
dYdX BTC-USD0.0000%1h86,107.7+0.069%$16.9M$14.5M50xas long as short
Perpl BTC0.0000%43m86,079.4+0.037%$480K$13.8M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,111.6+0.074%$36.8M—200xas long as short
Injective BTC/USDC PERP+0.0009%1h86,114+0.077%$301K$26.2M52xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BTCUSDT+0.0028%8h86,027.5−0.024%$512.8M$874.3M200xas long as short
BingX BTC-USDC+0.0028%8h86,009.6−0.045%—$16.3M—as long as short
Kraken Futures PF_XBTUSD+0.0029%1h86,068+0.023%$191.6M$768.2M100xas long as short
Bybit BTCUSDT+0.0038%8h86,038.5−0.011%$5.15B$8.13B150xas long as short
KuCoin XBTUSDTM+0.0054%8h86,055.2+0.008%$943.3M$633.8M125xas long as short
Gate BTC_USDT+0.0063%8h86,042.9−0.006%$5.51B$8.89B200xas long as short
Popdex BTCUSDT+0.0080%1h86,058+0.012%$8.5M$45.6M100xas long as short
Phemex BTCUSDT+0.0091%8h86,056.5+0.010%$170.6M$478.8M150xas long as short
Bitget BTCUSDT+0.0094%8h86,034.2−0.016%$2.99B$3.96B150xas long as short
HTX BTC-USDT+0.0095%8h86,050.5+0.003%$2.27B$803.9M200xas long as short
Lighter BTC+0.0096%1h86,064.1+0.019%$173.8M$853.9M50xas long as short
Lighter RH BTC+0.0096%1h86,066.9+0.022%$23.4M$119.1M50xas long as short
Aevo BTC-PERP+0.0096%1h86,028.9−0.022%$2.4M$6.7M20xas long as short
MEXC BTC_USDT+0.0098%8h86,028.9−0.022%$5.16B$4.82B500xas long as short
Binance BTCUSDT+0.0099%8h86,029.1−0.022%$9.45B$20.52B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,043−0.006%$218K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,100.2+0.061%$6.0M$7.6M50xas long as short
Nado BTC-PERPshort+0.0100%1h86,060.3+0.014%$23.5M$195.5M50x
Pacifica BTC+0.0100%1h86,101.6+0.062%$40.1M$571.2M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,044.9−0.003%$2.62B$9.49B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,067+0.022%$4.0M$15.1M25xas long as short
Arcus BTC-USD+0.0100%1h86,097.7+0.058%$4.2M$90.6M40xas long as short
Bulk BTC-USD+0.0100%1h86,169.3+0.141%$716.4M$134.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,040.3−0.009%$38.2M$195.5M75xas long as short
Variational Omni BTC+0.0100%8h86,070.8+0.027%$156.6M$475.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,058.2+0.012%$289.8M$814.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,097+0.057%$216.3M$133.7M50xas long as short
StandX BTC-USD+0.0100%1h86,080.1+0.037%$30.3M$223.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,125.5+0.090%—$9.1M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,065+0.020%$11.1M$12.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,048.10.000%$205K$3.2M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,038.7−0.011%$2.6M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,087.2+0.046%$195K$563K40xas long as short
SunX BTC-USDT+0.0100%8h86,065.6+0.021%$3.3M$6.7M100xas long as short
Extended BTC-USD+0.0104%1h86,011.7−0.042%$46.9M$203.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h86,103.9+0.065%—$81.6M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,104+0.065%$112.1M$4.97B50xas long as short
Kalshi KXBTCPERP+0.0160%8h86,087+0.045%$12.0M$733.5M6.4xas long as short
Hyperliquid BTC+0.0160%1h86,145+0.113%$3.97B$4.36B40xas long as short
Reya BTCRUSDPERP+0.0163%1h86,077.4+0.034%$6.6M$131.1M40xas long as short
RISEx BTC/USDC+0.0187%1h86,082.4+0.040%$8.9M$37.0M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0211% / S −0.0251%1h86,101.2+0.062%$15.6M—200xas long as short
Deribit BTC-PERPETUAL+0.0229%1h86,106.1+0.068%$822.7M$1.50B50xas long as short
Hibachi BTC/USDT-P+0.0352%1h86,123+0.087%$726K$7.0M30xas long as short
Aftermath Perps BTCUSD+0.0443%1h86,126.9+0.092%$79K$245K20xas long as short