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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 UTC+0.0079%/8h= +8.7% APRnext payment +$0.10 per $10,000 · paid last 24h +0.001%
Price spread now: Nado against Deribit−0.024%7-day average −0.043% · 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−$14as in the Price arb table
costs, in and out, $10k−$160.162% of the position
Long on DeribitShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.012%+$1 on $10k
Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.024%, 7d avg −0.043%
Together, before fees+0.046%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.043%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ETH-PERPETUAL2,772.10.0021pay 0.0003% / 1h11m 43s$258.5M$225.1M50x
ShortNado ETH-PERP2,771.50.0100get 0.0012% / 1h11m 43s$15.2M$117.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Deribit. 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
$16.59
Price spread: −0.024% → −0.043%
$1.95
Slippage, 4 orders
−$2.2
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$2.33
Costs to cover
0.162%
Break-even
6.0 days
Slippage from Deribit: 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 Deribit live order book, 2 min ago0.09 bp4.7 bp −$55.6 bp −$5612.0 bp −$1,20420.8 bp −$10.4K
Sell Nado live order book, 2 min ago0.18 bp3.7 bp −$43.7 bp −$375.4 bp −$54412.8 bp −$6,378

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%43m2,770.9−0.043%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.2+0.147%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.1−0.037%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,771.1−0.037%$171K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,775.9+0.136%$886K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771−0.040%$5.8M$11.7M25xas long as short
dYdX ETH-USD0.0000%1h2,771.7−0.014%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0003%1h2,775.9+0.137%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.4−0.027%$22.4M—200xas long as short
Deribit ETH-PERPETUALlong+0.0021%1h2,772.1long leg$258.5M$225.1M50x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,770.5−0.058%$1.71B$11.89B100xas long as short
Phemex ETHUSDT+0.0025%8h2,770.7−0.053%$266.9M$66.1M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,771.3−0.028%$13.2M—200xas long as short
Aster ETHUSDT+0.0034%8h2,770.4−0.062%$256.2M$995.6M200xas long as short
ApeX Omni ETHUSDT+0.0040%1h2,775.9+0.134%$8.8M$32.7M100xas long as short
Aevo ETH-PERP+0.0048%1h2,768.6−0.127%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0051%8h2,770.6−0.057%$6.44B$17.23B150xas long as short
MEXC ETH_USDT+0.0051%8h2,770.6−0.057%$1.59B$2.69B500xas long as short
Gate ETH_USDT+0.0075%8h2,770.6−0.055%$3.28B$9.69B200xas long as short
Bitget ETHUSDT+0.0075%8h2,770.4−0.064%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0084%1h2,770.7−0.052%$183K$1.8M20xas long as short
Lighter ETH+0.0096%1h2,771.2−0.032%$114.7M$515.2M50xas long as short
Lighter RH ETH+0.0096%1h2,772.4+0.010%$25.4M$123.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.1+0.035%—$41.7M500xas long as short
Variational Omni ETH+0.0098%8h2,776.8+0.170%$141.1M$320.7M—as long as short
HTX ETH-USDT+0.0100%8h2,770.5−0.057%$1.08B$1.32B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,770.2−0.070%$15.9M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771−0.041%$486K$2.7M50xas long as short
Nado ETH-PERPshort+0.0100%1h2,771.5−0.024%$15.2M$117.6M50x
Hyperliquid ETH+0.0100%1h2,773.1+0.035%$3.19B$2.40B25xas long as short
Pacifica ETH+0.0100%1h2,771−0.041%$31.3M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.3−0.066%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.9−0.080%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,772.6+0.016%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.6−0.057%$164.9M$252.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,770.7−0.051%$422.0M$742.2M100xas long as short
BingX ETH-USDT+0.0100%8h2,770.5−0.060%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.6−0.056%$15.4M$42.9M50xas long as short
edgeX ETHUSDC+0.0100%4h2,776.1+0.143%$179.9M$795.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,779.2+0.255%$161.6M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,775.5+0.122%$21.4M$57.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,772.5+0.013%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.3+0.006%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.9−0.009%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.9+0.029%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770−0.077%$971K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,770.5−0.059%$55.2M$228.6M40xas long as short
Extended ETH-USD+0.0104%1h2,770.1−0.072%$31.4M$75.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,771.9−0.008%$59.9M$4.62B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,772.4+0.010%$8.5M$674.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,773.2+0.040%$32.5M$12.0M100xas long as short
BloFin ETH-USDT+0.0171%8h2,772.3+0.004%$285.5M$195.7M150xas long as short
Reya ETHRUSDPERP+0.0184%1h2,771−0.039%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,771.7−0.014%$86.8M$330.8M100xas long as short
Hibachi ETH/USDT-P+0.0456%1h2,774.7+0.093%$280K$1.5M20xas long as short