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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.01 per $10,000 · paid last 24h −0.019%
Price spread now: Nado against Aftermath Perps−0.083%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.083% cheaper against Aftermath Perps than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps ETHUSD2,728.50.0091pay 0.0011% / 1h0m 46s$30K$20K20x
ShortNado ETH-PERP2,726.30.0100get 0.0012% / 1h0m 46s$13.8M$104.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Aftermath Perps. 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
$1.87
Price spread: −0.083% → 0.000%
−$8.33
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$22.47
Costs to cover
0.160%
Break-even
91.2 days
Slippage unknown: Aftermath Perps: no order-book sample; Nado: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample
Sell Nado live order book, 3 min ago0.18 bp3.7 bp −$43.7 bp −$375.7 bp −$57414.0 bp −$6,982
Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETH on 55 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
Perpl ETH−0.0335%43m2,726.2−0.086%$290K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,727−0.056%$5K$1K50xas long as short
HTX ETH-USDT−0.0021%8h2,726.6−0.070%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,727.1−0.053%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,731.9+0.123%$816K$2.9M25xas long as short
dYdX ETH-USD+0.0006%1h2,727.7−0.032%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,727.2−0.050%$28.0M200xas long as short
BingX ETH-USDT+0.0031%8h2,727−0.056%$1.14Bas long as short
Bybit ETHUSDT+0.0036%8h2,726.8−0.064%$2.36B$4.40B150xas long as short
Bullet ETH-USD+0.0041%1h2,726.9−0.061%$178K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,727.9−0.023%$186K$784K50xas long as short
SunX ETH-USDT+0.0056%8h2,726.1−0.090%$956K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0063%8h2,726.9−0.059%$377.6M$575.1M100xas long as short
ApeX Omni ETHUSDT+0.0070%1h2,727.1−0.055%$8.7M$31.2M100xas long as short
Aster ETHUSDT+0.0076%8h2,726.9−0.059%$252.4M$842.9M200xas long as short
Aevo ETH-PERP+0.0080%1h2,724.7−0.141%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0082%8h2,727.1−0.053%$1.56B$2.59B500xas long as short
Binance ETHUSDT+0.0082%8h2,727.1−0.052%$6.32B$15.96B150xas long as short
OKX ETH-USDT-SWAP+0.0083%8h2,726.9−0.060%$1.67B$10.73B100xas long as short
Phemex ETHUSDT+0.0088%8h2,727−0.058%$264.1M$63.9M150xas long as short
Aftermath Perps ETHUSDlong+0.0091%1h2,728.5long leg$30K$20K20x
Lighter ETH+0.0096%1h2,727.6−0.035%$112.0M$437.7M50xas long as short
Lighter RH ETH+0.0096%1h2,728.9+0.014%$23.4M$105.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,726.8−0.064%$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,728.9+0.013%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.7−0.067%$499K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.7+0.008%$15.4M$8.0M50xas long as short
Nado ETH-PERPshort+0.0100%1h2,726.3−0.083%$13.8M$104.8M50x
Hyperliquid ETH+0.0100%1h2,729+0.017%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,727.6−0.034%$31.9M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,725.8−0.100%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,727.6−0.035%$1.5M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,727.1−0.053%$3.33B$8.99B200xas long as short
Bitget ETHUSDT+0.0100%8h2,726.6−0.071%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726.8−0.063%$15.0M$42.4M50xas long as short
Variational Omni ETH+0.0100%8h2,726.2−0.085%$134.1M$323.0Mas long as short
edgeX ETHUSDC+0.0100%4h2,728.5−0.001%$183.5M$672.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.5+0.035%$158.8M$87.0M50xas long as short
StandX ETH-USD+0.0100%1h2,727−0.056%$21.0M$73.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,728−0.018%$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,728.6+0.002%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,726.8−0.063%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,728.8+0.010%$40.9M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,727.2−0.049%$54.3M$187.8M40xas long as short
Bulk ETH-USD+0.0100%1h2,726.9−0.058%$164.5M$309.8M25xas long as short
Deribit ETH-PERPETUAL+0.0102%1h2,728.4−0.005%$258.5M$202.8M50xas long as short
Extended ETH-USD+0.0104%1h2,726.2−0.085%$30.6M$73.7M50xas long as short
RISEx ETH/USDC+0.0107%1h2,727.5−0.037%$5.6M$11.7M25xas long as short
Kalshi KXETHPERP+0.0111%8h2,727.4−0.042%$6.4M$688.1M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,728.3−0.010%$50.3M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,727.8−0.028%$82.8M$316.7M100xas long as short
Orderly PERP_ETH_USDC+0.0190%8h2,729.1+0.021%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0206%1h2,726.7−0.069%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,727.9−0.023%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0330%8h2,727.2−0.049%$281.6M$174.5M150xas long as short