ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Nado against Lighter RH−0.064%7-day average −0.009% · 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−$15as in the Price arb table

costs, in and out, $10k−$100.100% of the position

Long on Lighter RH Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 7 days+0.055%+$5 · spread now −0.064%, 7d avg −0.009%

Together, before fees+0.056%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board+$6 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 0.054% cheaper against Lighter RH than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ETH	2,744.8	0.0096	pay 0.0012% / 1h	54m 18s	$24.7M	$103.1M	50x
Short	Nado ETH-PERP	2,743.1	0.0100	get 0.0012% / 1h	54m 18s	$13.9M	$106.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Lighter RH. 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 Lighter RHbpFee NadobpOrdersPrice spread, now −0.064%Rate

Funding earned: $0.84
Price spread: −0.064% → −0.009%: −$5.42
Slippage, 4 orders: −$3.02
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$14.59
Costs to cover: 0.100%
Break-even: 128.6 days

Slippage from Lighter RH: live order book, 5 min ago; Nado: live order book, 5 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 Lighter RH live order book, 5 min ago	1.20 bp	1.4 bp −$1	2.8 bp −$28	11.6 bp −$1,161	73.0 bp −$36.5K
Sell Nado live order book, 5 min ago	0.18 bp	3.7 bp −$4	3.8 bp −$38	5.9 bp −$588	14.1 bp −$7,038

ETH on 54 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
ApeX Omni ETHUSDT	−0.0362%	1h	2,743	−0.065%	$8.7M	$31.1M	100x	as long as short
Perpl ETH	−0.0112%	43m	2,743.4	−0.050%	$306K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,743.6	−0.044%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,744.1	−0.026%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,743.1	−0.063%	$12.1M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,748.4	+0.131%	$847K	$2.9M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,744.1	−0.026%	$10.8M	$41.8M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,743.2	−0.060%	$22.2M	—	200x	as long as short
BingX ETH-USDC	+0.0043%	8h	2,742.3	−0.093%	—	$18.5M	—	as long as short
OKX ETH-USDT-SWAP	+0.0055%	8h	2,743.9	−0.033%	$1.70B	$10.56B	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0056%	1h	2,743.3	−0.055%	$183K	$919K	50x	as long as short
KuCoin ETHUSDTM	+0.0065%	8h	2,742.6	−0.082%	$378.7M	$596.0M	100x	as long as short
Aster ETHUSDT	+0.0074%	8h	2,743	−0.067%	$252.1M	$840.5M	200x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,743.5	−0.048%	$5.7M	$11.2M	25x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,741.6	−0.116%	$4.9M	$159K	20x	as long as short
MEXC ETH_USDT	+0.0082%	8h	2,742.8	−0.073%	$1.56B	$2.51B	500x	as long as short
Binance ETHUSDT	+0.0084%	8h	2,742.9	−0.070%	$6.38B	$15.71B	150x	as long as short
HTX ETH-USDT	+0.0092%	8h	2,744	−0.029%	$1.06B	$1.18B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,743.5	−0.048%	$112.8M	$430.4M	50x	as long as short
Lighter RH ETHlong	+0.0096%	1h	2,744.8	long leg	$24.7M	$103.1M	50x
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,743.8	−0.037%	—	$30.9M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,744.7	−0.004%	$58.6M	$4.27B	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,746.9	+0.078%	$16.2M	$7.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,743.3	−0.055%	$485K	$3.0M	50x	as long as short
Nado ETH-PERPshort	+0.0100%	1h	2,743.1	−0.064%	$13.9M	$106.1M	50x
Hyperliquid ETH	+0.0100%	1h	2,744.9	+0.004%	$3.12B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,743.7	−0.040%	$31.6M	$334.3M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,743.8	−0.036%	$2.46B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,743.5	−0.047%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,743.6	−0.046%	$2.7M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,743.3	−0.055%	$163.1M	$304.4M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,742.9	−0.068%	$3.39B	$8.64B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,744	−0.029%	$2.08B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,744.1	−0.027%	$15.0M	$41.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,748	+0.118%	$132.7M	$342.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,742.9	−0.069%	$181.7M	$689.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,743.2	−0.058%	$159.5M	$81.2M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,748.5	+0.135%	$21.2M	$69.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,744.3	−0.018%	—	$819K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,743.6	−0.044%	$10.7M	$8.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,742.7	−0.077%	$182K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,744.2	−0.023%	$21K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,745.5	+0.027%	$41.6M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,742.2	−0.094%	$962K	$11.8M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,744	−0.029%	$54.6M	$187.5M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,744.2	−0.023%	$267.1M	$65.2M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,743.4	−0.051%	$30.6M	$72.5M	50x	as long as short
Aftermath Perps ETHUSD	+0.0111%	1h	2,746	+0.043%	$30K	$20K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0147%	1h	2,745.5	+0.027%	$258.9M	$195.4M	50x	as long as short
Kalshi KXETHPERP	+0.0149%	8h	2,744.8	0.000%	$7.7M	$669.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0184%	8h	2,746.7	+0.068%	$32.3M	$11.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,744.7	−0.004%	$88.0M	$309.0M	100x	as long as short
Reya ETHRUSDPERP	+0.0224%	1h	2,742.4	−0.087%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0232%	1h	2,749.7	+0.177%	$250K	$1.4M	20x	as long as short