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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: Bulk against Nado+0.025%7-day average −0.007% · 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−$11as in the Price arb table
costs, in and out, $10k−$140.144% of the position
Long on NadoShort on Bulk
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−0.021%−$2 · spread now +0.025%, 7d avg −0.007%
Together, before fees−0.023%+ Points / potential airdropNado: Active · farm board−$2 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: Bulk is 0.032% dearer against Nado than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,726.30.0100pay 0.0012% / 1h1m 05s$13.8M$104.8M50x
ShortBulk ETH-USD2,726.90.0100get 0.0013% / 1h1m 05s$164.5M$309.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against Nado. 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

Funding earned
$0
Price spread: +0.025% → −0.007%
$3.2
Slippage, 4 orders
−$0.4
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$11.21
Costs to cover
0.144%
Break-even
1096514224121081.5 days
Slippage from Nado: live order book, 3 min ago; Bulk: live order book, 3 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 Nado live order book, 3 min ago0.18 bp3.7 bp −$43.7 bp −$375.3 bp −$53013.1 bp −$6,566
Sell Bulk live order book, 3 min ago0.02 bp3.5 bp −$43.9 bp −$394.8 bp −$4836.0 bp −$2,992

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−0.0335%43m2,726.2−0.003%$290K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,727+0.027%$5K$1K50xas long as short
HTX ETH-USDT−0.0021%8h2,726.6+0.013%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,727.1+0.030%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,731.9+0.207%$816K$2.9M25xas long as short
dYdX ETH-USD+0.0006%1h2,727.7+0.052%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,727.2+0.034%$28.0M—200xas long as short
BingX ETH-USDC+0.0030%8h2,726.5+0.010%—$18.5M—as long as short
Bybit ETHUSDT+0.0036%8h2,726.9+0.023%$2.36B$4.40B150xas long as short
Bullet ETH-USD+0.0041%1h2,726.9+0.023%$178K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,727.9+0.060%$186K$784K50xas long as short
SunX ETH-USDT+0.0056%8h2,726.1−0.006%$956K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0063%8h2,727.2+0.032%$377.7M$575.1M100xas long as short
ApeX Omni ETHUSDT+0.0070%1h2,727.1+0.029%$8.7M$31.2M100xas long as short
Aster ETHUSDT+0.0076%8h2,726.9+0.024%$252.4M$842.9M200xas long as short
Aevo ETH-PERP+0.0080%1h2,724.7−0.058%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0082%8h2,727.3+0.037%$1.56B$2.59B500xas long as short
Binance ETHUSDT+0.0082%8h2,727.2+0.036%$6.33B$15.96B150xas long as short
OKX ETH-USDT-SWAP+0.0083%8h2,727+0.027%$1.67B$10.73B100xas long as short
Phemex ETHUSDT+0.0088%8h2,727+0.025%$264.1M$63.9M150xas long as short
Aftermath Perps ETHUSD+0.0091%1h2,728.5+0.083%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,727.6+0.048%$112.0M$437.7M50xas long as short
Lighter RH ETH+0.0096%1h2,728.9+0.098%$23.4M$105.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,726.8+0.019%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,728.9+0.097%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.7+0.016%$499K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.7+0.091%$15.4M$8.0M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,726.3long leg$13.8M$104.8M50x
Hyperliquid ETH+0.0100%1h2,729.5+0.119%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,727.6+0.049%$31.9M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,725.8−0.017%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,727.6+0.048%$1.5M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,727.3+0.039%$3.33B$8.99B200xas long as short
Bitget ETHUSDT+0.0100%8h2,727.1+0.029%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726.8+0.020%$15.0M$42.4M50xas long as short
Variational Omni ETH+0.0100%8h2,726.2−0.002%$134.1M$323.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,728.5+0.082%$183.5M$672.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.5+0.118%$158.8M$87.0M50xas long as short
StandX ETH-USD+0.0100%1h2,727+0.027%$21.0M$73.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,728+0.065%—$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,728.6+0.086%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,726.8+0.020%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,728.8+0.094%$40.9M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,727.2+0.034%$54.3M$187.8M40xas long as short
Bulk ETH-USDshort+0.0100%1h2,726.9+0.025%$164.5M$309.8M25x
Deribit ETH-PERPETUAL+0.0102%1h2,728.4+0.078%$258.5M$202.8M50xas long as short
Extended ETH-USD+0.0104%1h2,726.7+0.017%$30.6M$73.7M50xas long as short
RISEx ETH/USDC+0.0107%1h2,727.5+0.046%$5.6M$11.7M25xas long as short
Kalshi KXETHPERP+0.0111%8h2,727.4+0.042%$6.4M$688.1M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,728.3+0.073%$50.3M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,727.8+0.055%$82.8M$316.7M100xas long as short
Orderly PERP_ETH_USDC+0.0190%8h2,729.1+0.105%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0206%1h2,726.7+0.015%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,727.9+0.060%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0330%8h2,727.2+0.035%$281.6M$174.5M150xas long as short