Funding you earn now, next payment 06:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h −0.012%
Price spread now: Gate against Nado−0.001%7-day average −0.007% · 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−$21as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Funding, last 3 days (all we have)−0.036%−$4 on $10k
+Price spread, last 7 days−0.004%$0 · spread now −0.001%, 7d avg −0.007%
=Together, before fees−0.041%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado BTC-PERP | 85,224.7 | 0.0017 | pay 0.0002% / 1h | 34m 35s | $24.5M | $222.9M | 50x |
| Short | Gate BTC_USDT | 85,224 | 0.0100 | get 0.0100% / 8h | 2h 34m | $5.52B | $10.89B | 200x |
Nado BTC-PERP
Gate BTC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Nado. 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
- $17.42
- Price spread: −0.001% → −0.007%
- $0.67
- Slippage, 4 orders
- −$0.13
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$4.04
- Costs to cover
- 0.221%
- Break-even
- 8.6 days
Slippage from Nado: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.4 bp −$445 | 10.0 bp −$5,004 |
| Sell Gate live order book, 5 min ago | 0.01 bp | 7.5 bp −$8 | 7.7 bp −$77 | 8.8 bp −$877 | 10.4 bp −$5,219 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,316.9 | +0.108% | $526K | $18.8M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,251 | +0.031% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,242 | +0.020% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0053% | 8h | 85,217.4 | −0.009% | $921.7M | $763.6M | 125x | as long as short |
| BloFin BTC-USDT | −0.0034% | 8h | 85,308.7 | +0.099% | $421.3M | $680.3M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 85,232.4 | +0.009% | $383K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0014% | 8h | 85,227.8 | +0.004% | $512.5M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,271.9 | +0.055% | $16.7M | $21.7M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,333.5 | +0.128% | $36.5M | — | 200x | as long as short |
| Nado BTC-PERPlong | +0.0017% | 1h | 85,224.7 | long leg | $24.5M | $222.9M | 50x |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | 0.000% | $338K | $26.8M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,338.2 | +0.133% | $187.6M | $955.9M | 100x | as long as short |
| BingX BTC-USDT | +0.0066% | 8h | 85,227.6 | +0.003% | — | $1.56B | — | as long as short |
| Bullet BTC-USD | +0.0068% | 1h | 85,321 | +0.113% | $206K | $3.3M | 20x | as long as short |
| SoDEX BTC-USD | +0.0070% | 1h | 85,330 | +0.124% | $59.7M | $335.8M | 40x | as long as short |
| Phemex BTCUSDT | +0.0070% | 8h | 85,312.1 | +0.103% | $149.2M | $503.7M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,319.5 | +0.111% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0083% | 8h | 85,223.8 | −0.001% | $2.94B | $5.17B | 150x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,224.6 | 0.000% | $5.06B | $5.70B | 500x | as long as short |
| Binance BTCUSDT | +0.0086% | 8h | 85,214.6 | −0.012% | $9.41B | $24.83B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,231 | +0.007% | $171.1M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,235.7 | +0.013% | $23.7M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,221 | −0.004% | $8.3M | $55.6M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,355.1 | +0.153% | $117.1M | $5.34B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,204 | −0.024% | $238K | $8.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,271.7 | +0.055% | $5.6M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,311 | +0.101% | $3.75B | $5.06B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,252.9 | +0.033% | $40.1M | $595.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,207.7 | −0.020% | $5.16B | $9.93B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,209.9 | −0.017% | $2.58B | $12.17B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,214 | −0.012% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,227.2 | +0.003% | $4.6M | $99.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,324.1 | +0.117% | $679.5M | $626.7M | 40x | as long as short |
| Gate BTC_USDTshort | +0.0100% | 8h | 85,224 | −0.001% | $5.52B | $10.89B | 200x | |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,287.7 | +0.074% | $36.0M | $174.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,263.5 | +0.046% | $156.5M | $568.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,240.8 | +0.019% | $278.9M | $942.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,264.2 | +0.046% | $214.3M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,275.4 | +0.060% | $139.4M | $315.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,308 | +0.098% | $30.1M | $206.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,291.9 | +0.079% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,316 | +0.107% | $11.0M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,327.7 | +0.121% | $2.4M | $9.1M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,372.1 | +0.173% | $217K | $750K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,307.6 | +0.097% | $30.1M | $50.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,301.2 | +0.090% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,313.2 | +0.104% | $2.26B | $952.8M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,202.1 | −0.026% | $45.3M | $238.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,322.7 | +0.115% | — | $107.0M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0113% | 1h | 85,320.5 | +0.112% | $6.6M | $147.4M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0132% | 1h | 85,369.7 | +0.170% | $872.4M | $1.61B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,323.9 | +0.116% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0176% | 8h | 85,346 | +0.142% | $11.4M | $747.4M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0216% | 1h | 85,312.5 | +0.103% | $79K | $225K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 85,306 | +0.095% | $719K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,243.6 | +0.022% | $8.7M | $43.1M | 25x | as long as short |
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
BingX BTC-USDT
Bullet BTC-USD
SoDEX BTC-USD
Phemex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk 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
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC