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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: Nado against Bulk+0.373%7-day average +0.009% · 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+$22as in the Price arb table
costs, in and out, $10k−$140.144% of the position
Long on BulkShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.002%$0 on $10k
Price spread, last 7 days−0.377%−$38 · spread now +0.373%, 7d avg +0.009%
Together, before fees−0.374%+ Points / potential airdropNado: Active · farm board−$37 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.364% dearer against Bulk than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk ETH-USD2,765.90.0100pay 0.0013% / 1h21m 56s$164.9M$256.3M25x
ShortNado ETH-PERP2,776.20.0100get 0.0012% / 1h21m 56s$15.3M$117.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Bulk. 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
$0
Price spread: +0.373% → +0.009%
$36.44
Slippage, 4 orders
−$0.4
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$22.05
Costs to cover
0.144%
Break-even
from the start
Slippage from Bulk: live order book, 2 min ago; Nado: live order book, 2 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 Bulk live order book, 2 min ago0.02 bp3.5 bp −$43.5 bp −$353.9 bp −$3905.2 bp −$2,619
Sell Nado live order book, 2 min ago0.18 bp3.7 bp −$43.8 bp −$385.7 bp −$57113.5 bp −$6,755

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−0.0112%43m2,776.2+0.372%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,775.7+0.354%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.5+0.383%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,776.8+0.393%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,773.4+0.271%$859K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,776.7+0.389%$5.8M$11.7M25xas long as short
dYdX ETH-USD0.0000%1h2,777.1+0.403%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0004%1h2,773.9+0.290%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,778.1+0.442%$22.4M—200xas long as short
Phemex ETHUSDT+0.0013%8h2,777+0.401%$267.4M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0018%1h2,771.4+0.196%$8.8M$32.6M100xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,777.5+0.419%$1.71B$11.92B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,778.1+0.440%$13.2M—200xas long as short
Aster ETHUSDT+0.0039%8h2,777.4+0.415%$256.9M$995.9M200xas long as short
MEXC ETH_USDT+0.0047%8h2,777.7+0.426%$1.61B$2.68B500xas long as short
Aevo ETH-PERP+0.0048%1h2,775.9+0.362%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0048%8h2,777.6+0.423%$6.44B$17.24B150xas long as short
Gate ETH_USDT+0.0073%8h2,777.7+0.425%$3.29B$9.67B200xas long as short
Bitget ETHUSDT+0.0074%8h2,777.8+0.429%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0082%1h2,777.4+0.415%$183K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,774.2+0.298%$140.6M$320.2M—as long as short
Lighter ETH+0.0096%1h2,777.8+0.428%$115.4M$514.1M50xas long as short
Lighter RH ETH+0.0096%1h2,779.1+0.476%$25.4M$122.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,778.2+0.445%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,776+0.365%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.1+0.368%$487K$2.7M50xas long as short
Nado ETH-PERPshort+0.0100%1h2,776.2+0.373%$15.3M$117.7M50x
Hyperliquid ETH+0.0100%1h2,779.7+0.498%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,776.9+0.397%$31.2M$287.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,777.8+0.430%$2.52B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.6+0.350%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,778.3+0.448%$2.8M$17.4M25xas long as short
Bulk ETH-USDlong+0.0100%1h2,765.9long leg$164.9M$256.3M25x
KuCoin ETHUSDTM+0.0100%8h2,777.9+0.434%$423.2M$742.1M100xas long as short
BingX ETH-USDT+0.0100%8h2,777.6+0.423%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,777.7+0.424%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,770.9+0.182%$178.1M$791.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.8+0.251%$161.3M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,776.2+0.372%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,777.6+0.424%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.6+0.459%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.7+0.425%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,779.5+0.492%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.6+0.351%$973K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,777.1+0.404%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,777.2+0.408%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,776+0.364%$31.4M$76.0M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778.9+0.468%$60.3M$4.63B50xas long as short
Deribit ETH-PERPETUAL+0.0121%1h2,778.9+0.469%$258.5M$224.9M50xas long as short
Kalshi KXETHPERP+0.0121%8h2,777.6+0.422%$8.6M$673.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0133%8h2,780+0.508%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0167%8h2,776.3+0.374%$285.2M$195.7M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,777.5+0.418%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,778.4+0.453%$87.0M$330.7M100xas long as short
Hibachi ETH/USDT-P+0.0440%1h2,779.2+0.480%$284K$1.5M20xas long as short