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

BTC

all BTC markets
SwapBacktest
Alert: funding
Measured
My alerts

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
My alerts

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.

Funding you earn now, next payment 01:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.032%
Price spread now: Nado against dYdX−0.007%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−$31as in the Price arb table
costs, in and out, $10k−$290.290% of the position
Long on dYdXShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.095%+$10 on $10k
Price spread, last 7 days−0.017%−$2 · spread now −0.007%, 7d avg +0.009%
Together, before fees+0.079%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BTC-USD86,4360.0027pay 0.0003% / 1h26m 08s$16.9M$20.5M50x
ShortNado BTC-PERP86,429.60.0100get 0.0012% / 1h26m 08s$21.9M$227.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against dYdX. 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
$15.42
Price spread: −0.007% → +0.009%
−$1.69
Slippage, 4 orders
−$12.02
Fee dYdX: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$15.29
Costs to cover
0.290%
Break-even
13.9 days
Slippage from dYdX: 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 dYdX live order book, 3 min ago3.24 bp13.7 bp −$1415.6 bp −$15616.1 bp −$1,60622.5 bp −$11.2K
Sell Nado live order book, 3 min ago0.06 bp3.6 bp −$43.6 bp −$364.2 bp −$42011.1 bp −$5,533

BTC on 56 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
Bluefin BTC-PERP−0.0285%1h86,515+0.091%$144K$666K40xas long as short
Phoenix BTC−0.0129%1h86,403−0.038%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,423−0.015%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,466.1+0.035%$361K$2.4M50xas long as short
Perpl BTC0.0000%43m86,449.5+0.016%$481K$21.5M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,481.3+0.052%$37.0M—200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,358−0.090%$343K$26.9M52xas long as short
Aster BTCUSDT+0.0025%8h86,468.6+0.038%$501.5M$1.13B200xas long as short
dYdX BTC-USDlong+0.0027%1h86,436long leg$16.9M$20.5M50x
Phemex BTCUSDT+0.0030%8h86,475.4+0.046%$154.8M$473.6M150xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XBTUSDTM+0.0042%8h86,481.2+0.052%$832.7M$719.1M125xas long as short
Reya BTCRUSDPERP+0.0046%1h86,455.3+0.022%$6.7M$145.8M40xas long as short
BingX BTC-USDC+0.0050%8h86,448.5+0.014%—$15.3M—as long as short
RISEx BTC/USDC+0.0052%1h86,464.5+0.033%$8.3M$42.4M25xas long as short
Bitget BTCUSDT+0.0063%8h86,457.1+0.024%$2.97B$5.03B150xas long as short
Deribit BTC-PERPETUAL+0.0067%1h86,522.8+0.100%$902.3M$1.51B50xas long as short
MEXC BTC_USDT+0.0080%8h86,466.2+0.035%$5.13B$5.70B500xas long as short
Aevo BTC-PERP+0.0080%1h86,471.4+0.041%$2.5M$1.8M20xas long as short
Binance BTCUSDT+0.0080%8h86,474.5+0.045%$9.43B$24.26B150xas long as short
Lighter BTC+0.0096%1h86,496.2+0.070%$170.8M$986.8M50xas long as short
Lighter RH BTC+0.0096%1h86,486.2+0.058%$23.7M$150.1M50xas long as short
Popdex BTCUSDT+0.0096%1h86,454+0.021%$8.4M$52.0M100xas long as short
SoDEX BTC-USD+0.0098%1h86,483+0.054%$60.5M$338.2M40xas long as short
Katana Perps BTC-USD+0.0100%8h86,440+0.005%$202K$7.2M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,482.4+0.054%$4.2M$8.6M50xas long as short
Nado BTC-PERPshort+0.0100%1h86,429.6−0.007%$21.9M$227.3M50x
Hyperliquid BTC+0.0100%1h86,536+0.116%$3.80B$5.00B40xas long as short
Pacifica BTC+0.0100%1h86,483.1+0.055%$41.1M$552.2M50xas long as short
Bybit BTCUSDT+0.0100%8h86,474.8+0.045%$5.26B$9.66B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,474.1+0.044%$2.57B$12.48B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,443+0.008%$3.9M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,488.9+0.061%$7.2M$94.8M40xas long as short
Gate BTC_USDT+0.0100%8h86,476.7+0.047%$5.80B$10.55B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,462.5+0.031%$37.4M$158.7M75xas long as short
Variational Omni BTC+0.0100%8h86,462.4+0.031%$158.2M$558.6M—as long as short
edgeX BTCUSDC+0.0100%4h86,360.7−0.087%$278.9M$948.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,400.1−0.042%$217.0M$165.5M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,364.6−0.083%$141.6M$320.8M100xas long as short
StandX BTC-USD+0.0100%1h86,430−0.007%$30.7M$209.5M40xas long as short
Vest BTC-PERP+0.0100%1h86,496.6+0.070%—$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,467+0.036%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,470+0.039%$192K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,476.1+0.046%$2.4M$8.9M100xas long as short
Derive BTC-PERP+0.0100%1h86,505.3+0.080%$30.5M$57.5M15xas long as short
SunX BTC-USDT+0.0100%8h86,395.1−0.047%$3.4M$5.2M100xas long as short
HTX BTC-USDT+0.0100%8h86,448+0.014%$2.29B$961.8M200xas long as short
Bulk BTC-USD+0.0100%1h86,411.1−0.029%$576.0M$32.8M40xas long as short
Extended BTC-USD+0.0104%1h86,460.9+0.029%$45.8M$221.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,481.7+0.053%—$98.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,521+0.098%$132.4M$5.38B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,516.3+0.093%$192.5M$941.8M100xas long as short
Aftermath Perps BTCUSD+0.0167%1h86,427.9−0.009%$78K$217K20xas long as short
Hibachi BTC/USDT-P+0.0168%1h86,440+0.005%$711K$7.9M30xas long as short
BloFin BTC-USDT+0.0200%8h86,423.1−0.015%$416.2M$645.5M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0205% / S −0.0220%1h86,476.3+0.047%$14.5M—200xas long as short
Kalshi KXBTCPERP+0.0208%8h86,483+0.054%$10.4M$763.7M6.4xas long as short