Funding you earn now, next payment 02:00 UTC+0.0102%/8h= +11.1% APRnext payment +$0.13 per $10,000 · paid last 24h −0.007%
Price spread now: Kraken Futures against Nado+0.034%7-day average +0.022% · 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−$16as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Funding, last 3 days (all we have)−0.039%−$4 on $10k
+Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.034%, 7d avg +0.022%
=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 +0.022%, so right now this pair is about funding alone: +$3 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 | 85,663.2 | 0.0044 | pay 0.0006% / 1h | 16m 55s | $22.6M | $227.4M | 50x |
| Short | Kraken Futures PF_XBTUSD | 85,692.5 | 0.0146 | get 0.0018% / 1h | 16m 55s | $187.9M | $963.6M | 100x |
Nado BTC-PERP
Kraken Futures PF_XBTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $21.33
- Price spread: +0.034% → +0.022%
- $1.22
- Slippage, 4 orders
- −$0.44
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $5.11
- Costs to cover
- 0.174%
- Break-even
- 5.3 days
Slippage from Nado: live order book, 2 min ago; Kraken Futures: 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 | 4.6 bp −$464 | 9.7 bp −$4,849 |
| Sell Kraken Futures live order book, 2 min ago | 0.06 bp | 5.1 bp −$5 | 6.5 bp −$65 | 7.7 bp −$769 | 10.0 bp −$5,020 |
BTC on 55 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 | 85,785 | +0.142% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,660 | −0.004% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,632.6 | −0.036% | $362K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,692.4 | +0.034% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,673.6 | +0.012% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,691 | +0.033% | $340K | $26.9M | 52x | as long as short |
| KuCoin XBTUSDTM | +0.0031% | 8h | 85,645.3 | −0.021% | $900.5M | $753.8M | 125x | as long as short |
| Aster BTCUSDT | +0.0033% | 8h | 85,660 | −0.004% | $516.0M | $1.14B | 200x | as long as short |
| RISEx BTC/USDC | +0.0044% | 1h | 85,667.3 | +0.005% | $8.2M | $42.1M | 25x | as long as short |
| Nado BTC-PERPlong | +0.0044% | 1h | 85,663.2 | long leg | $22.6M | $227.4M | 50x |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
KuCoin XBTUSDTM
Aster BTCUSDT
RISEx BTC/USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0056% | 8h | 85,653.7 | −0.011% | — | $17.1M | — | as long as short |
| Reya BTCRUSDPERP | +0.0059% | 1h | 85,635.1 | −0.033% | $6.7M | $146.3M | 40x | as long as short |
| HTX BTC-USDT | +0.0061% | 8h | 85,652.2 | −0.013% | $2.27B | $947.6M | 200x | as long as short |
| Bitget BTCUSDT | +0.0070% | 8h | 85,670.2 | +0.008% | $2.95B | $5.08B | 150x | as long as short |
| Binance BTCUSDT | +0.0091% | 8h | 85,666 | +0.003% | $9.33B | $24.29B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0091% | 1h | 85,637.3 | −0.030% | $140.0M | $318.1M | 100x | as long as short |
| MEXC BTC_USDT | +0.0092% | 8h | 85,672.8 | +0.011% | $5.09B | $5.75B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,671.9 | +0.010% | $170.5M | $992.8M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,681.4 | +0.021% | $23.5M | $147.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,636 | −0.032% | $8.4M | $51.9M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,655.3 | −0.009% | $2.5M | $1.8M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,616 | −0.055% | $202K | $7.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,637.8 | −0.030% | $3.8M | $8.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,732 | +0.080% | $3.76B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,692 | +0.034% | $40.8M | $571.9M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,703.2 | +0.047% | $5.31B | $9.74B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,664.2 | +0.001% | $2.54B | $12.34B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,652 | −0.013% | $3.9M | $18.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,616 | −0.055% | $7.2M | $97.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,744.8 | +0.095% | $590.5M | $195.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,672.7 | +0.011% | $5.59B | $10.57B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,650.5 | −0.015% | $35.3M | $165.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,688 | +0.029% | $156.6M | $555.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,614.3 | −0.057% | $278.4M | $941.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,656.6 | −0.008% | $214.9M | $164.7M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,624.3 | −0.045% | $30.3M | $208.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,702.1 | +0.045% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,655 | −0.010% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,663 | 0.000% | $187K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,656.2 | −0.008% | $2.4M | $9.1M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,701.5 | +0.045% | $186K | $708K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,661.5 | −0.002% | $30.0M | $56.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,628.8 | −0.040% | $2.9M | $6.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,660 | −0.004% | $60.0M | $337.0M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,668 | +0.006% | $153.3M | $480.8M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,650.3 | −0.015% | $44.0M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,652.6 | −0.012% | — | $101.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,704 | +0.048% | $131.2M | $5.15B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0144% | 1h | 85,671.4 | +0.010% | $694K | $7.8M | 30x | as long as short |
| Kraken Futures PF_XBTUSDshort | +0.0146% | 1h | 85,692.5 | +0.034% | $187.9M | $963.6M | 100x | |
| Aftermath Perps BTCUSD | +0.0171% | 1h | 85,703 | +0.047% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0189% | 1h | 85,670.8 | +0.009% | $13.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0212% | 8h | 85,676 | +0.015% | $10.3M | $770.1M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0219% | 1h | 85,710.9 | +0.056% | $894.7M | $1.54B | 50x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,666.2 | +0.004% | $513K | $20.5M | 6.7x | as long as short |
BingX BTC-USDC
Reya BTCRUSDPERP
HTX BTC-USDT
Bitget BTCUSDT
Binance BTCUSDT
ApeX Omni BTCUSDT
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
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
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
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
SoDEX BTC-USD
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL
Perpl BTC