After costs, if the gap returns to its 7d average, $10k−$25
spread now−0.046%7d average+0.024%fees + slippage, in and out−$18spread needed0.179%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXETHPERP | 2,740.9 | 0.0140 | pay 0.0140% / 8h | 2h 12m | $9.6M | $598.4M | 4.9x |
| Short | Nado ETH-PERP | 2,739.6 | 0.0100 | get 0.0012% / 1h | 12m 11s | $17.4M | $110.7M | 50x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$4.63
- Funding while held
- −$1.19
- Slippage, 4 orders
- −$0.92
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$23.74
- Spread needed to break even
- 0.179%
Slippage from Kalshi: live order book, 3 min ago; Nado: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0040%
- Per $10,000 a day
- −$1.19
- Average in range /8h
- —
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 Kalshi live order book, 3 min ago | 0.18 bp | 5.3 bp −$5 | 7.1 bp −$71 | 11.4 bp −$1,140 | 18.7 bp −$9,365 |
| Sell Nado live order book, 3 min ago | 0.18 bp | 3.7 bp −$4 | 3.7 bp −$37 | 5.4 bp −$542 | 13.7 bp −$6,829 |
ETH price on every exchange
against the cheapest. Click to use as the short leg.ETH on 54 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin ETH-USDT | −0.105% | +0.0171% | 8h | $291.4M | $172.2M | 150x | as long as short |
| Aevo ETH-PERP | −0.103% | +0.0048% | 1h | $5.0M | $679K | 20x | as long as short |
| MEXC ETH_USDT | −0.090% | +0.0051% | 8h | $1.55B | $2.44B | 500x | as long as short |
| Bullet ETH-USD | −0.066% | +0.0079% | 1h | $194K | $1.8M | 20x | as long as short |
| KuCoin ETHUSDTM | −0.065% | +0.0100% | 8h | $439.6M | $676.4M | 100x | as long as short |
| Reya ETHRUSDPERP | −0.059% | +0.0195% | 1h | $7.3M | $897K | 25x | as long as short |
| Backpack ETH_USDC_PERP | −0.057% | +0.0100% | 1h | $15.2M | $40.8M | 50x | as long as short |
| Aster ETHUSDT | −0.052% | +0.0100% | 8h | $268.3M | $926.4M | 200x | as long as short |
| Polymarket Perps ETH-USD | −0.047% | +0.0100% | 1h | $10.7M | $5.5M | 50x | as long as short |
| Binance ETHUSDT | −0.047% | +0.0050% | 8h | $6.52B | $15.74B | 150x | as long as short |
Show all 54 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado ETH-PERPshort | −0.046% | +0.0100% | 1h | $17.4M | $110.7M | 50x | |
| Perpl ETH | −0.046% | −0.0112% | 43m | $316K | $6.3M | 8.3x | as long as short |
| BingX ETH-USDC | −0.045% | +0.0011% | 8h | — | $16.8M | — | as long as short |
| Jupiter Perps ETH-PERP | −0.042% | L +0.0096% / S +0.0048% | 1h | — | $43.5M | 500x | as long as short |
| Bitget ETHUSDT | −0.040% | +0.0083% | 8h | $2.10B | $2.97B | 150x | as long as short |
| Gate ETH_USDT | −0.039% | +0.0049% | 8h | $3.36B | $8.93B | 200x | as long as short |
| GMX ETH/USD [ETH-USDC] | −0.039% | L −0.0013% / S +0.0045% | 1h | $11.8M | — | 200x | as long as short |
| OKX ETH-USDT-SWAP | −0.038% | +0.0014% | 8h | $1.72B | $10.90B | 100x | as long as short |
| SunX ETH-USDT | −0.038% | +0.0100% | 8h | $961K | $14.2M | 100x | as long as short |
| Extended ETH-USD | −0.037% | +0.0096% | 1h | $31.6M | $74.9M | 50x | as long as short |
| Bybit ETHUSDT | −0.034% | +0.0100% | 8h | $2.50B | $4.31B | 150x | as long as short |
| Ondo Perps ETH-USD.P | −0.033% | +0.0100% | 1h | $2.9M | $14.8M | 25x | as long as short |
| Katana Perps ETH-USD | −0.033% | +0.0100% | 8h | $481K | $2.3M | 50x | as long as short |
| SoDEX ETH-USD | −0.033% | −0.0011% | 1h | $55.3M | $161.9M | 40x | as long as short |
| HTX ETH-USDT | −0.031% | +0.0098% | 8h | $1.08B | $1.18B | 200x | as long as short |
| Vest ETH-PERP | −0.027% | +0.0100% | 1h | — | $1.0M | 50x | as long as short |
| 01 Exchange ETHUSD | −0.022% | +0.0008% | 1h | $181K | $1.2M | 50x | as long as short |
| Hibachi ETH/USDT-P | −0.018% | +0.0232% | 1h | $281K | $1.4M | 20x | as long as short |
| Hotstuff ETH-PERP | −0.018% | −0.0080% | 1h | $5K | $2K | 50x | as long as short |
| Lighter ETH | −0.012% | +0.0096% | 1h | $115.7M | $498.0M | 50x | as long as short |
| Phemex ETHUSDT | −0.011% | +0.0100% | 8h | $264.2M | $65.6M | 150x | as long as short |
| gTrade (Gains Network) ETH/USD | −0.007% | L +0.0006% / S −0.0006% | 1h | $22.2M | — | 200x | as long as short |
| Arcus ETH-USD | −0.005% | +0.0100% | 1h | $2.8M | $15.9M | 25x | as long as short |
| Kalshi KXETHPERPlong | 0.000% | +0.0140% | 8h | $9.6M | $598.4M | 4.9x | |
| Pacifica ETH | 0.000% | +0.0100% | 1h | $31.0M | $237.4M | 50x | as long as short |
| dYdX ETH-USD | +0.004% | −0.0004% | 1h | $13.7M | $37.2M | 50x | as long as short |
| RISEx ETH/USDC | +0.008% | +0.0105% | 1h | $5.8M | $12.0M | 25x | as long as short |
| Bluefin ETH-PERP | +0.008% | +0.0100% | 1h | $21K | $25K | 25x | as long as short |
| Hyperliquid ETH | +0.026% | +0.0103% | 1h | $3.21B | $2.11B | 25x | as long as short |
| Kraken Futures PF_ETHUSD | +0.026% | +0.0209% | 1h | $84.5M | $318.8M | 100x | as long as short |
| Lighter RH ETH | +0.031% | +0.0096% | 1h | $25.1M | $120.2M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.038% | +0.0136% | 1h | $59.4M | $4.53B | 50x | as long as short |
| Deribit ETH-PERPETUAL | +0.042% | +0.0049% | 1h | $258.6M | $203.9M | 50x | as long as short |
| Derive ETH-PERP | +0.056% | +0.0100% | 1h | $42.3M | $29.5M | 15x | as long as short |
| Orderly PERP_ETH_USDC | +0.069% | +0.0152% | 8h | $32.2M | $10.6M | 100x | as long as short |
| Bulk ETH-USD | +0.087% | −0.0001% | 1h | $158.1M | $276.6M | 25x | as long as short |
| ApeX Omni ETHUSDT | +0.100% | −0.0059% | 1h | $8.0M | $27.8M | 100x | as long as short |
| Injective ETH/USDC PERP | +0.109% | −0.0275% | 1h | $118K | $22.5M | 52x | as long as short |
| Paradex ETH-USD-PERP | +0.115% | +0.0100% | 8h | $14.6M | $10.8M | 50x | as long as short |
| StandX ETH-USD | +0.139% | +0.0100% | 1h | $21.1M | $51.5M | 40x | as long as short |
| edgeX ETHUSDC | +0.141% | +0.0100% | 4h | $178.1M | $746.0M | 100x | as long as short |
| Aftermath Perps ETHUSD | +0.170% | +0.0249% | 1h | $29K | $20K | 20x | as long as short |
| Phoenix ETH | +0.171% | +0.0078% | 1h | $1.2M | $2.2M | 25x | as long as short |
| Variational Omni ETH | +0.252% | +0.0100% | 8h | $144.8M | $311.8M | — | as long as short |
BloFin
MEXC
Bullet
KuCoin
Backpack
Aster
Polymarket Perps
Binance
BingX
Bitget
Gate
GMX
OKX
SunX
Extended
Bybit
Katana Perps
SoDEX
HTX
Lighter
Phemex
gTrade (Gains Network)
Pacifica
RISEx
Bluefin
Hyperliquid
Kraken Futures
Lighter RH
Coinbase International
Deribit
Derive
Bulk
ApeX Omni
Injective
Paradex
StandX
Phoenix
Variational Omni