BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%

Price spread now: Coinbase International against Nado+0.148%45s7-day average +0.048% · 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—prices read too far apart to compare

costs, in and out, $10k−$170.171% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 3 days (all we have)−0.094%−$9 · spread now +0.148%, 7d avg +0.048%

Together, before fees−0.080%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.100% dearer against Nado than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.048%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BTC-PERP	85,687.6	0.0078	pay 0.0010% / 1h	42m 28s	$22.7M	$229.6M	50x
Short	Coinbase International BTC-PERP-INTX	85,814.2	0.0112	get 0.0014% / 1h	42m 28s	$131.6M	$5.26B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Nado. 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 NadobpFee Coinbase InternationalbpOrdersPrice spread, now +0.148%Rate

Funding earned: $7.13
Price spread: +0.148% → +0.048%: $9.96
Slippage, 4 orders: −$0.13
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$0.04
Costs to cover: 0.171%
Break-even: 7.0 days

Slippage from Nado: live order book, 2 min ago; Coinbase International: live order book, 2 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 Nado live order book, 2 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	4.8 bp −$475	10.1 bp −$5,046
Sell Coinbase International live order book, 2 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.1 bp −$612	13.8 bp −$6,919

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	−0.0144%	1h	85,767	+0.093%	$2.2M	$10.5M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,711	+0.027%	$8K	$3K	50x	as long as short
BloFin BTC-USDT	−0.0078%	8h	85,853	+0.193%	$415.8M	$658.2M	150x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	85,692.1	+0.005%	$364K	$2.3M	50x	as long as short
dYdX BTC-USD	0.0000%	1h	85,738.2	+0.059%	$16.8M	$20.6M	50x	as long as short
Perpl BTC	0.0000%	43m	85,735.8	+0.056%	$510K	$21.2M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,684.9	−0.003%	$36.6M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0020%	1h	85,810	+0.143%	$341K	$26.9M	52x	as long as short
Aster BTCUSDT	+0.0039%	8h	85,699.2	+0.014%	$497.1M	$1.13B	200x	as long as short
KuCoin XBTUSDTM	+0.0040%	8h	85,687.2	0.000%	$893.7M	$757.3M	125x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx BTC/USDC	+0.0044%	1h	85,703.6	+0.019%	$8.1M	$42.5M	25x	as long as short
BingX BTC-USDT	+0.0053%	8h	85,678.3	−0.011%	—	$1.59B	—	as long as short
Reya BTCRUSDPERP	+0.0054%	1h	85,694.6	+0.008%	$6.7M	$146.1M	40x	as long as short
Bitget BTCUSDT	+0.0068%	8h	85,671.7	−0.018%	$2.95B	$5.14B	150x	as long as short
ApeX Omni BTCUSDT	+0.0076%	1h	85,808.2	+0.141%	$140.3M	$320.9M	100x	as long as short
HTX BTC-USDT	+0.0078%	8h	85,775	+0.102%	$2.27B	$969.5M	200x	as long as short
Nado BTC-PERPlong	+0.0078%	1h	85,687.6	long leg	$22.7M	$229.6M	50x
MEXC BTC_USDT	+0.0088%	8h	85,700	+0.015%	$5.11B	$5.67B	500x	as long as short
Aevo BTC-PERP	+0.0088%	1h	85,665.2	−0.026%	$2.5M	$1.8M	20x	as long as short
Binance BTCUSDT	+0.0088%	8h	85,673.4	−0.017%	$9.33B	$24.59B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,703.4	+0.018%	$169.4M	$980.1M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,705.6	+0.021%	$23.3M	$145.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,699	+0.013%	$8.4M	$52.5M	100x	as long as short
Phemex BTCUSDT	+0.0097%	8h	85,764.6	+0.090%	$154.2M	$480.0M	150x	as long as short
Gate BTC_USDT	+0.0099%	8h	85,700.5	+0.015%	$5.65B	$10.39B	200x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,671	−0.019%	$210K	$7.5M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,738.7	+0.060%	$3.8M	$8.7M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,766	+0.092%	$3.77B	$5.04B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,731	+0.051%	$40.9M	$569.6M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,682.5	−0.006%	$5.27B	$9.82B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,685.3	−0.003%	$2.55B	$12.52B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,692	+0.005%	$3.9M	$17.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,675.9	−0.014%	$7.3M	$98.1M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,752.8	+0.076%	$35.2M	$163.5M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,783.2	+0.112%	$155.9M	$552.3M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,787.3	+0.116%	$278.0M	$944.2M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,740.2	+0.061%	$215.2M	$164.7M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,805.4	+0.137%	$30.4M	$207.4M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,767.7	+0.094%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,701	+0.016%	$11.0M	$14.2M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,671.8	−0.018%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,671.7	−0.018%	$2.4M	$9.1M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,709.9	+0.026%	$186K	$709K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,682.5	−0.006%	$29.9M	$57.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,757.9	+0.082%	$2.9M	$6.6M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,777	+0.104%	$60.1M	$337.9M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,804.9	+0.137%	$582.3M	$118.5M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,666.8	−0.024%	$44.9M	$227.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,716.7	+0.034%	—	$101.7M	500x	as long as short
Coinbase International BTC-PERP-INTXshort	+0.0112%	1h	85,814.2	+0.148%	$131.6M	$5.26B	50x
Hibachi BTC/USDT-P	+0.0136%	1h	85,832.3	+0.169%	$709K	$7.9M	30x	as long as short
Kraken Futures PF_XBTUSD	+0.0146%	1h	85,799	+0.130%	$188.9M	$970.5M	100x	as long as short
Deribit BTC-PERPETUAL	+0.0147%	1h	85,823	+0.158%	$892.8M	$1.54B	50x	as long as short
Aftermath Perps BTCUSD	+0.0150%	1h	85,794.3	+0.125%	$77K	$217K	20x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0204% / S −0.0194%	1h	85,678.9	−0.010%	$13.8M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0205%	8h	85,831	+0.167%	$9.9M	$769.9M	6.4x	as long as short