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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 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Nado against Extended+0.007%7-day average +0.064% · 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−$18as in the Price arb table
costs, in and out, $10k−$130.127% of the position
Long on ExtendedShort on Nado
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.007%−$1 on $10k
Price spread, last 7 days+0.021%+$2 · spread now +0.007%, 7d avg +0.064%
Together, before fees+0.015%+ Points / potential airdropExtended: Active · Nado: Active · farm board+$1 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 0.057% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,730.90.0104pay 0.0013% / 1h44m 50s$30.5M$71.2M50x
ShortNado ETH-PERP2,731.10.0100get 0.0012% / 1h44m 50s$14.2M$100.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Extended. 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
−$0.84
Price spread: +0.007% → +0.064%
−$5.73
Slippage, 4 orders
−$0.73
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$19.31
Costs to cover
0.127%
Break-even
never at this rate
Slippage from Extended: 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 4 min ago0.18 bp2.7 bp −$32.7 bp −$275.0 bp −$49613.1 bp −$6,552
Sell Nado live order book, 4 min ago0.18 bp3.7 bp −$43.7 bp −$375.6 bp −$55714.0 bp −$6,996

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0112%43m2,732.6+0.061%$277K$5.7M8.3xas long as short
BloFin ETH-USDT−0.0097%8h2,731.6+0.026%$280.3M$177.8M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,731.3+0.015%$5K$1K50xas long as short
Phemex ETHUSDT−0.0076%8h2,731.2+0.012%$263.2M$63.8M150xas long as short
HTX ETH-USDT−0.0019%8h2,730.9−0.001%$1.05B$1.21B200xas long as short
Phoenix ETH−0.0012%1h2,733+0.077%$807K$3.0M25xas long as short
Bybit ETHUSDT−0.0010%8h2,731.3+0.014%$2.32B$4.31B150xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.6+0.027%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,732.7+0.065%$10.6M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,732.2+0.048%$6.7M$672.4M4.9xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETH-PERPETUAL0.0000%1h2,732.2+0.049%$264.7M$218.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,731.7+0.028%$33.0M—200xas long as short
01 Exchange ETHUSD+0.0048%1h2,732.2+0.048%$191K$883K50xas long as short
ApeX Omni ETHUSDT+0.0069%1h2,732.1+0.045%$8.4M$31.2M100xas long as short
SoDEX ETH-USD+0.0074%1h2,731.4+0.019%$54.4M$182.5M40xas long as short
OKX ETH-USDT-SWAP+0.0079%8h2,731.3+0.016%$1.66B$10.73B100xas long as short
Hibachi ETH/USDT-P+0.0080%1h2,732.8+0.069%$239K$1.4M20xas long as short
Aster ETHUSDT+0.0084%8h2,731.4+0.020%$252.2M$849.7M200xas long as short
KuCoin ETHUSDTM+0.0086%8h2,731.9+0.036%$383.5M$576.3M100xas long as short
Binance ETHUSDT+0.0093%8h2,731.5+0.022%$6.32B$16.06B150xas long as short
MEXC ETH_USDT+0.0094%8h2,732+0.041%$1.57B$2.55B500xas long as short
Lighter ETH+0.0096%1h2,732.1+0.046%$112.6M$401.0M50xas long as short
Lighter RH ETH+0.0096%1h2,733.4+0.092%$23.7M$95.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,732.8+0.070%—$30.4M500xas long as short
Aevo ETH-PERP+0.0096%1h2,729−0.068%$4.9M$195K20xas long as short
SunX ETH-USDT+0.0097%8h2,730.8−0.002%$941K$10.7M100xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.7+0.030%$499K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,734.7+0.141%$15.4M$7.3M50xas long as short
Nado ETH-PERPshort+0.0100%1h2,731.1+0.007%$14.2M$100.6M50x
Hyperliquid ETH+0.0100%1h2,734.3+0.125%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732.6+0.063%$32.0M$332.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.1+0.044%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,732+0.040%$1.6M$15.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,731.6+0.028%$3.28B$8.24B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.8+0.034%$2.11B$2.75B150xas long as short
BingX ETH-USDT+0.0100%8h2,731.6+0.026%—$1.06B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.9+0.036%$15.2M$39.9M50xas long as short
Variational Omni ETH+0.0100%8h2,731+0.006%$131.5M$316.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,730.5−0.013%$185.8M$685.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,731.4+0.020%$158.8M$80.0M50xas long as short
StandX ETH-USD+0.0100%1h2,732.5+0.059%$21.0M$70.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.2+0.085%—$441K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.4+0.055%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,731.1+0.008%$176K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,759.5+1.047%$20K$23K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.5+0.058%$40.6M$29.1M15xas long as short
Bulk ETH-USD+0.0100%1h2,730.8−0.003%$162.8M$334.7M25xas long as short
Extended ETH-USDlong+0.0104%1h2,730.9long leg$30.5M$71.2M50x
Kraken Futures PF_ETHUSD+0.0105%1h2,732.1+0.043%$82.0M$309.9M100xas long as short
Aftermath Perps ETHUSD+0.0108%1h2,731.2+0.012%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,732.5+0.060%$46.5M$4.25B50xas long as short
RISEx ETH/USDC+0.0137%1h2,732.5+0.059%$5.6M$11.4M25xas long as short
Reya ETHRUSDPERP+0.0174%1h2,730.6−0.011%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,733.7+0.102%$32.2M$11.2M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,736.2+0.195%$117K$19.5M52xas long as short