ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h −0.011%

Price spread now: Nado against dYdX−0.032%7-day average +0.022% · 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−$28as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on dYdX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.176%−$18 on $10k

Price spread, last 7 days−0.009%−$1 · spread now −0.032%, 7d avg +0.022%

Together, before fees−0.184%+ Points / potential airdropNado: Active · farm board−$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.054% cheaper against dYdX than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.022%). If the spread goes back, that is −$5 on $10k: about 43 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.176%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ETH-USD	2,730	0	get 0.0000% / 1h	55m 09s	$10.5M	$42.9M	50x
Short	Nado ETH-PERP	2,729.2	0.0100	get 0.0012% / 1h	55m 09s	$14.0M	$105.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against dYdX. 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 dYdXbpFee NadobpOrdersPrice spread, now −0.032%Rate

Funding earned: $21
Price spread: −0.032% → +0.022%: −$5.42
Slippage, 4 orders: −$5.86
Fee dYdX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$7.28
Costs to cover: 0.229%
Break-even: 9.4 days

Slippage from dYdX: 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 dYdX live order book, 4 min ago	2.74 bp	7.7 bp −$8	33.4 bp −$334	77.8 bp −$7,779	131.6 bp −$65.8K
Sell Nado live order book, 4 min ago	0.18 bp	3.7 bp −$4	3.7 bp −$37	5.4 bp −$538	14.6 bp −$7,293

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	2,730	−0.002%	$291K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,733.9	+0.141%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,731.5	+0.053%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,729.5	−0.021%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,732.8	+0.101%	$816K	$3.0M	25x	as long as short
dYdX ETH-USDlong	0.0000%	1h	2,730	long leg	$10.5M	$42.9M	50x
Deribit ETH-PERPETUAL	0.0000%	1h	2,729.9	−0.007%	$261.0M	$212.2M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,729.7	−0.012%	$32.9M	—	200x	as long as short
HTX ETH-USDT	+0.0009%	8h	2,729	−0.040%	$1.05B	$1.22B	200x	as long as short
ApeX Omni ETHUSDT	+0.0027%	1h	2,731.3	+0.047%	$8.7M	$31.5M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0034%	8h	2,729.1	−0.036%	—	$1.12B	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,730.1	+0.002%	$190K	$891K	50x	as long as short
Bybit ETHUSDT	+0.0042%	8h	2,728.8	−0.046%	$2.35B	$4.42B	150x	as long as short
KuCoin ETHUSDTM	+0.0078%	8h	2,729.2	−0.032%	$374.7M	$576.5M	100x	as long as short
SoDEX ETH-USD	+0.0078%	1h	2,729	−0.038%	$54.4M	$187.5M	40x	as long as short
Aftermath Perps ETHUSD	+0.0085%	1h	2,733.1	+0.112%	$30K	$20K	20x	as long as short
SunX ETH-USDT	+0.0090%	8h	2,728.7	−0.049%	$957K	$11.1M	100x	as long as short
Aster ETHUSDT	+0.0093%	8h	2,728.9	−0.043%	$252.5M	$849.4M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0094%	8h	2,728.4	−0.062%	$1.66B	$10.93B	100x	as long as short
Lighter ETH	+0.0096%	1h	2,729.7	−0.013%	$112.2M	$430.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,731.1	+0.040%	$23.5M	$102.7M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,726.7	−0.122%	$4.9M	$156K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,729.4	−0.024%	$507K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,734.8	+0.172%	$15.3M	$8.0M	50x	as long as short
Nado ETH-PERPshort	+0.0100%	1h	2,729.2	−0.032%	$14.0M	$105.5M	50x
Hyperliquid ETH	+0.0100%	1h	2,731.4	+0.050%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,731.4	+0.051%	$32.0M	$334.2M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	2,729.1	−0.035%	$6.33B	$16.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,729.2	−0.031%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,730.3	+0.010%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,735	+0.181%	$163.2M	$327.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,729	−0.039%	$3.28B	$8.92B	200x	as long as short
MEXC ETH_USDT	+0.0100%	8h	2,729.2	−0.031%	$1.52B	$2.57B	500x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,728.9	−0.043%	$2.08B	$2.79B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,729.1	−0.035%	$15.1M	$42.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,729.3	−0.026%	$134.0M	$326.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,731.9	+0.068%	$185.3M	$680.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,730.6	+0.022%	$158.7M	$87.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,730.1	+0.002%	$21.0M	$70.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,731.2	+0.041%	—	$879K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,730.7	+0.024%	$11.2M	$9.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,730.1	0.000%	$181K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,730.2	+0.006%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,730.9	+0.033%	$40.9M	$30.2M	15x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,729.5	−0.020%	$263.1M	$65.1M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,728.3	−0.064%	$30.3M	$74.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,730	−0.001%	—	$30.6M	500x	as long as short
Kalshi KXETHPERP	+0.0108%	8h	2,730.4	+0.013%	$6.8M	$692.9M	4.9x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,730.5	+0.016%	$50.2M	$4.32B	50x	as long as short
RISEx ETH/USDC	+0.0115%	1h	2,730.2	+0.005%	$5.6M	$11.8M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0187%	8h	2,731.6	+0.057%	$32.2M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0195%	1h	2,728.5	−0.057%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0211%	1h	2,729.9	−0.004%	$83.4M	$311.3M	100x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,732.3	+0.081%	$248K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0400%	8h	2,729.3	−0.026%	$281.5M	$175.2M	150x	as long as short