ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against Coinbase International−0.053%7-day average −0.034% · 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−$19as in the Price arb table

costs, in and out, $10k−$170.174% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.053%, 7d avg −0.034%

Together, before fees+0.207%+ Points / potential airdropNado: Active · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETH-PERP-INTX	2,732.5	0.0120	pay 0.0015% / 1h	44m 53s	$46.5M	$4.25B	50x
Short	Nado ETH-PERP	2,731.1	0.0100	get 0.0012% / 1h	44m 53s	$14.2M	$100.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee NadobpOrdersPrice spread, now −0.053%Rate

Funding earned: −$4.2
Price spread: −0.053% → −0.034%: −$1.91
Slippage, 4 orders: −$0.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$23.51
Costs to cover: 0.174%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Nado: live order book, 4 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 Coinbase International live order book, 4 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	6.3 bp −$626	20.8 bp −$10.4K
Sell Nado live order book, 4 min ago	0.18 bp	3.7 bp −$4	3.7 bp −$37	5.6 bp −$557	14.0 bp −$6,996

ETH 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
Perpl ETH	−0.0112%	43m	2,732.6	+0.001%	$277K	$5.7M	8.3x	as long as short
BloFin ETH-USDT	−0.0097%	8h	2,731.6	−0.034%	$280.3M	$177.8M	150x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,731.3	−0.045%	$5K	$1K	50x	as long as short
Phemex ETHUSDT	−0.0076%	8h	2,731.2	−0.048%	$263.2M	$63.8M	150x	as long as short
HTX ETH-USDT	−0.0019%	8h	2,730.9	−0.061%	$1.05B	$1.21B	200x	as long as short
Phoenix ETH	−0.0012%	1h	2,733	+0.018%	$807K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,731.6	−0.033%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,732.7	+0.005%	$10.6M	$41.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,732.2	−0.012%	$6.7M	$672.4M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,732.2	−0.011%	$264.7M	$218.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0006%	8h	2,731.5	−0.038%	$2.32B	$4.31B	150x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,731.7	−0.032%	$33.0M	—	200x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,732.2	−0.012%	$191K	$883K	50x	as long as short
ApeX Omni ETHUSDT	+0.0069%	1h	2,732.1	−0.015%	$8.4M	$31.2M	100x	as long as short
SoDEX ETH-USD	+0.0074%	1h	2,731.4	−0.041%	$54.4M	$182.5M	40x	as long as short
OKX ETH-USDT-SWAP	+0.0079%	8h	2,731.5	−0.037%	$1.66B	$10.74B	100x	as long as short
Hibachi ETH/USDT-P	+0.0080%	1h	2,732.8	+0.009%	$239K	$1.4M	20x	as long as short
Aster ETHUSDT	+0.0085%	8h	2,731.9	−0.024%	$252.2M	$849.8M	200x	as long as short
KuCoin ETHUSDTM	+0.0086%	8h	2,731.9	−0.024%	$383.5M	$576.3M	100x	as long as short
Binance ETHUSDT	+0.0094%	8h	2,731.7	−0.031%	$6.32B	$16.06B	150x	as long as short
MEXC ETH_USDT	+0.0094%	8h	2,732	−0.019%	$1.57B	$2.55B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,732.2	−0.011%	$112.6M	$401.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,733.4	+0.033%	$23.7M	$95.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,732.8	+0.010%	—	$30.4M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,729	−0.128%	$4.9M	$195K	20x	as long as short
SunX ETH-USDT	+0.0097%	8h	2,730.8	−0.061%	$941K	$10.7M	100x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,731.7	−0.030%	$499K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,734.7	+0.081%	$15.4M	$7.3M	50x	as long as short
Nado ETH-PERPshort	+0.0100%	1h	2,731.1	−0.053%	$14.2M	$100.6M	50x
Hyperliquid ETH	+0.0100%	1h	2,734.4	+0.069%	$3.11B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,732.5	−0.001%	$32.0M	$332.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,732.1	−0.015%	$2.7M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,732	−0.020%	$1.6M	$15.8M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,731.6	−0.032%	$3.28B	$8.24B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,731.9	−0.024%	$2.11B	$2.75B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,731.1	−0.052%	—	$18.7M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,731.9	−0.023%	$15.2M	$39.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,731	−0.054%	$131.5M	$316.0M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,730.5	−0.073%	$185.8M	$685.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,731.4	−0.039%	$158.8M	$80.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,732.5	−0.001%	$21.0M	$70.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,733.2	+0.026%	—	$441K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,732.4	−0.004%	$11.2M	$9.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,731.1	−0.052%	$176K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,759.5	+0.987%	$20K	$23K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,732.5	−0.002%	$40.6M	$29.1M	15x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,730.8	−0.063%	$162.8M	$334.7M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,730.9	−0.060%	$30.5M	$71.2M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,732.1	−0.017%	$82.0M	$309.9M	100x	as long as short
Aftermath Perps ETHUSD	+0.0108%	1h	2,731.2	−0.047%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTXlong	+0.0120%	1h	2,732.5	long leg	$46.5M	$4.25B	50x
RISEx ETH/USDC	+0.0137%	1h	2,732.5	−0.001%	$5.6M	$11.4M	25x	as long as short
Reya ETHRUSDPERP	+0.0174%	1h	2,730.6	−0.071%	$7.3M	$972K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0185%	8h	2,733.7	+0.042%	$32.2M	$11.2M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,736.2	+0.135%	$117K	$19.5M	52x	as long as short