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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: Nado against Bybit+0.091%7-day average +0.017% · 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−$11as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Long on BybitShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.015%+$2 on $10k
Price spread, last 7 days−0.099%−$10 · spread now +0.091%, 7d avg +0.017%
Together, before fees−0.084%+ Points / potential airdropNado: Active · farm board−$8 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 0.074% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,746.80.0100pay 0.0100% / 8h6h 20m$2.46B$4.33B150x
ShortNado ETH-PERP2,749.30.0100get 0.0012% / 1h20m 48s$14.0M$112.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: +0.091% → +0.017%
$7.38
Slippage, 4 orders
−$0.4
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$11.02
Costs to cover
0.184%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Nado: live order book, 3 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 Bybit live order book, 3 min ago0.02 bp5.5 bp −$66.4 bp −$647.4 bp −$7389.6 bp −$4,775
Sell Nado live order book, 3 min ago0.18 bp3.7 bp −$43.7 bp −$375.5 bp −$55214.2 bp −$7,114

ETH on 54 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%43m2,750.6+0.139%$311K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,750+0.118%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750.1+0.122%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,749.6+0.103%$12.2M—200xas long as short
Phoenix ETH−0.0006%1h2,752.8+0.220%$849K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,750.3+0.127%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,749.7+0.107%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0024%1h2,750.5+0.136%$181K$1.1M50xas long as short
ApeX Omni ETHUSDT+0.0028%1h2,751.6+0.177%$8.7M$31.5M100xas long as short
BingX ETH-USDT+0.0037%8h2,746.8+0.001%—$1.18B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0047%8h2,746.2−0.020%$1.69B$10.96B100xas long as short
HTX ETH-USDT+0.0057%8h2,748.3+0.056%$1.06B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0070%8h2,747.5+0.027%$372.6M$609.7M100xas long as short
Aster ETHUSDT+0.0072%8h2,748.1+0.047%$253.1M$857.7M200xas long as short
MEXC ETH_USDT+0.0080%8h2,746.5−0.009%$1.57B$2.57B500xas long as short
Aevo ETH-PERP+0.0080%1h2,746.6−0.008%$4.9M$168K20xas long as short
Binance ETHUSDT+0.0082%8h2,746.7−0.004%$6.38B$16.22B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,749.3+0.092%$59.1M$4.34B50xas long as short
Gate ETH_USDT+0.0089%8h2,746.9+0.005%$3.39B$8.91B200xas long as short
Bitget ETHUSDT+0.0094%8h2,746.9+0.004%$2.08B$2.84B150xas long as short
Lighter ETH+0.0096%1h2,748.6+0.066%$113.0M$443.7M50xas long as short
Lighter RH ETH+0.0096%1h2,750.3+0.128%$24.8M$107.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,749.9+0.113%—$35.5M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,754.5+0.280%$16.3M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,749.7+0.107%$478K$2.9M50xas long as short
Nado ETH-PERPshort+0.0100%1h2,749.3+0.091%$14.0M$112.3M50x
Hyperliquid ETH+0.0100%1h2,750.1+0.121%$3.13B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,750.2+0.125%$31.5M$333.9M50xas long as short
Bybit ETHUSDTlong+0.0100%8h2,746.8long leg$2.46B$4.33B150x
Ondo Perps ETH-USD.P+0.0100%1h2,749.4+0.096%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,750.2+0.126%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,748.2+0.053%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,748.7+0.071%$133.2M$345.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,750.9+0.151%$181.9M$703.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,752+0.189%$160.0M$83.0M50xas long as short
StandX ETH-USD+0.0100%1h2,752.7+0.216%$21.3M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,751.2+0.161%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,750.4+0.132%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,749.4+0.096%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,750.1+0.121%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,750.7+0.144%$41.8M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,747.8+0.036%$963K$12.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,748.6+0.067%$54.7M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,748.6+0.066%$267.3M$65.9M150xas long as short
Bulk ETH-USD+0.0100%1h2,751.8+0.183%$165.7M$300.7M25xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,751.2+0.160%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0103%1h2,750+0.117%$258.5M$199.9M50xas long as short
Extended ETH-USD+0.0104%1h2,746.1−0.025%$30.5M$73.5M50xas long as short
Kalshi KXETHPERP+0.0143%8h2,750.4+0.132%$7.7M$674.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0172%8h2,751.6+0.175%$32.4M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,753.6+0.249%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,750.8+0.147%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0220%1h2,749.6+0.102%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,749.3+0.091%$89.4M$316.7M100xas long as short